Mortgage Rates Sink To Lowest Levels In More Than A Year

Digital First Media, the Denver Post’s parent company, will lay off 107 employees in a Colorado Springs call center at the end of the year.

The affected employees mostly work in accounting and financial management for the Denver-based company, according to a notice the company filed with the Colorado Department of Labor and Employment in September. The jobs will be replaced by GenPact, a global outsourcing company.

The layoffs are scheduled to begin on Dec. 28 and will continue in phases for the first two months of 2019, according to the notice, which is known as a Worker Adjustment and Retraining Notification. Digital First described the reason for the layoffs as “downsize” in the notification.

Colorado Springs has seen recent cuts to the city’s customer service sector, losing 1,000 jobs since Dec. 31, according to the Colorado Springs Gazette, which first reported the Digital First layoffs.

>Related Articles

Digital First Media owns nearly 100 newspapers across the country and has made recent headlines for staffing cuts, including at the Denver Post. Digital First is owned by Alden Global Capital, a New York-based hedge fund.

Attempts to reach Digital First Media officials on Wednesday morning were unsuccessful.

Digital First Media to lay off more than 100 employees in Colorado Springs
30-year fixed mortgage rate sinks to its lowest level in nine months
Time to buy a house? 30-year fixed mortgage rate sinks to lowest level in 9 months
Will Rising Mortgage Rates Sink Lowe's Stock Quote?
Mortgage rates sink as the ‘Trump Trade’ comes into question
Time To Buy: Mortgage Rates Sink To Lowest Levels In Weeks
30-year fixed mortgage rate sinks to its lowest level in nine months
Mortgage rates sink to lowest levels in more than a year