Reverse Mortgage Funding LLC laid off 119 employees from its Melville branch on Tuesday, Nov. 29, according to a WARN Notice posted on Friday, Dec. 9.
The reason for the layoffs was listed as "economic" in the filing.
According to Reverse Mortgage Daily, the company has filed for Chapter 11 bankruptcy, and more than 470 employees were laid off across the company in November.
A representative for Reverse Mortgage Funding said the organization will not comment on matters of employment beyond what is publicly available.
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