Chesterfield-based Live Well Financial permanently shutting down its operations, laying off 103
Live Well Financial Inc., the once fast-growing mortgage lender and servicer, is ceasing operations because of what it calls “sudden and unexpected developments.”
The Chesterfield County-based company said on its website that “due to unexpected circumstances, as of May 3, 2019, Live Well Financial Inc. will cease to originate mortgage loans.”
The company also filed a notice with Virginia employment officials that Live Well Financial is laying off 103 employees, most of them working at its corporate headquarters in the Boulders office park in Chesterfield.
The layoffs included Michael C. Hild, the company’s founder and chief executive officer, according to the letter to the state detailing the layoffs. The last day for the employees was May 3, or within 14 days, the notice said.
https://www.richmond.com/business/local/chesterfield-based-live-well-financial-permanently-shutting-down-its-operations/article_dae1d03c-a6e7-5d16-aa97-e9769c0ad81c.html
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You know it's bad when the founder and CEO gets laid off from his own company.
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