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Lay offs at Flagstar Bank in Michigan

Layoffs
Layoffs

TROY, MI (WTVB) - Do you know someone who works at Flagstar Bank? The Troy-based firm laid off nearly 350 workers this week, mostly here in Michigan.  Reportedly this is part of an overall restructuring plan.  The bank's president, Alessandro DiNello, says the layoffs are the result of a drop in mortgage activity. 

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