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Read the Stern layoff memo


Here's the email memo to about 560 employees of the Law Office of David J. Stern in Plantation that tells them they are fired. The email was time-stamped 10:30 a.m. and the memo says their employee badges would be deactivated by 11:30 a.m.


Dear Employee,

As you are likely aware, recent turbulence in the mortgage industry has had a profound impact on our business. The referral of new business has decreased by over 90 percent in the last six months. This week Fannie Mae and Freddie Mac announced that they will no longer be utilizing our services. While we are doing everything possible to guide the company successfully through these difficult times, these developments mandate that we take immediate action to align the business with current realities.

It is with a heavy heart that I must announce that due to the loss in business, we regret to inform you that we are laying-off roughly 70% of our staff across the company and you have been selected to be part of the cutbacks.

Regretfully, due to how significant these cutbacks must be, many top performing, tenured, and hard working people will be affected. This is not a reflection upon the quality of any one individuals work rather, it is a direct response to the significant decline in business.

I would like to personally thank you for your hard work and dedication during your employment.


There are some instructions for you below regarding collecting your person effects and some paper work you will need prior to leaving.



Sincerely,



David J. Stern





Instructions:



1. Your final check for hours worked from 10/31/2010 to 11/4/2010 will be direct deposited if you have direct deposit set up, if not your check will be mailed to you on our regular scheduled pay date on 11/19/2010.



2. Any unused vacation or PTO will be cashed out as part of your final check.



3. If you have health, vision or dental insurance policies, they will terminate midnight, on November 30, 2010. Under Federal law, Cobra, you may continue your coverage under these policies. Your Cobra notification will be mailed to your address on record by our Outsourcing Company.



4. If you have any voluntary insurance(s), they will terminate midnight, November 30, 2010. Please contact Colonial directly to continue coverage.



5. If you are or ever have contributed to the 401k plan, attached you will find information regarding your 401K account. If additional Information is needed, please contact our representative from John Hancock at 1-800-333-0963 X139646 speak with Rudy St. Rose.



6. Please collect your personal effects. Please do not take any items including, company or law firm records, files, paper work, etc.



7. Boxes are available on each floor



8. Please turn your ID in to an HR staff member who will be present near the elevators.



9. Please turn in any company computers, cell phones, or other company items to the HR staff near the elevators.



10. Please collect your final paperwork from the HR representative on each floor.



11. Security badges will be deactivated at 11:30 AM

Categories: Foreclosure Crisis (84)
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Comments

You have an hour to get the --ck out. What a way to get canned by email!!!


This is really LOW that they actually POSTED this.... whoever gave this to the newspaper is low life scum.... I mean think about it, how else do you lay off 500+ people?? This is easier than being told to your face if you ask me, at least they were allowed to walk around and say goodbye, get their things, etc. (everyone knew it was coming anyway) Most places escort you out immediately. Despite the size of DJS, it was like one big family.... very sad.


Is there not a law that says you can not layoff 500+ people with only 1 hour notice. Guess these "lawyers" forgot about that.
WARN


Please view David Stern's employees comment on Facbook. This can be seen by the media... I hope they all understand that by ranting on the internet it's just hurting the company's image. I came across some of these comments and I and surprised to see so much hate.
Making Threats on Facebook and wishing death to these two witness that were served by a subpoena, this just shows you all that there is still more to this story.
Vanessa Rijos have u ever sat back and realize ur crazy.. that's the reason u don't have anything... court case after court case... no need to say no more... ITS COMING!!!
Vanessa Rijos LMAO at dumb as ppl... Just because u delete me does not mean u won't knw what I will say about u... ur better off deleting ur whole FB profile...
Dayana Luxardo LOL

Jasmine Ferrer Ayende I feelllllll u cuz! Stupid asssss hoes

Vanessa Rijos Yea their new names are Thing 1and Thing 2.. Both dumb and do what each other do..
9 minutes ago
Glen Lewin ‎555 lost their job today. I hope you are happy_________ and ________. I can't even put your names because you two make me sick.

52 minutes ago via iPhone · View Feedback (17)Hide Feedback (17)


El Ai Ne FUCK THEM THEY CAN SUCK A FAT ONE AND CHOKE ON IT

Glen Lewin I feel the same way sister.
46 minutes ago

El Ai Ne DON'T WORRY KARMA IS AN UNFRIENDLY BITCH
45 minutes ago

Jeanette Ruiz What the hell is going on over there. I heard CS got it too. Are you still there?
44 minutes ago

Glen Lewin I don't know what I would even do if I saw them.
43 minutes ago

Glen Lewin Cheryl is still there and I'm still there for now
40 minutes ago

Kovasky Romero Them bitches going to suffer.
38 minutes ago

Kc Lawson Damn homey..... I read about stern in the paper not to long ago... Fuckn crook...
36 minutes ago

Michele Grant What comes around, goes around!!! They will get theirs!!! @35 minutes ago

Jess Ica Just wait for what comes back to them glen... it will be great.
32 minutes ago

Glen Lewin Not even mad at DJS. If I could I would
32 minutes ago

Rohina Kapur Dont worry those bitches will get whats coming for them. Im glad your still there. Bless.xoxooxoxoxo
27 minutes ago

Glen Lewin Thanks Roho

Deitrich Saunders I just want to sent a shout out to DJS....... Rest in Peace.... To my friend, it's going to be hard getting thru a day without seeing you.... I miss you guys...


Amy Mendoza FUCK dat place I see only the ass kissers survived...lol its a blessing ma!



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Deitrich Saunders Good mornin DJS Titantic, get ur life jacket, cause we are going down. Thank to the iceberg Tammie and Kelly....

Dorothy Mccoy LET ME BE ME OKAY AND IF U NO LIKE IT BYE

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Dorothy Mccoy my mind is full so u do not wanna know whats in it

Dorothy Mccoy kelly scott and tammy k. u people need to stop trying to destroy the firm. u were probably there for a minute. i was there 13 years and i never did anyting wrong, but u know who u must answer to JEHOVAH and he knows all. . Cheryl and David was my bosses but i love them ok so Stop
2 hours ago


Vanessa Rijos
U fuck us over. u fuck us over good. from this point we curse u and every bad thing that happens is because u did to us... Curse bish curse u bish curse u



Vanessa's Profile

Vanessa Rijos
leaving work
12 hours ago via BlackBerry · Comment ·LikeUnlike



Halli White Nicoloso R u serious? That is way too late to be there... Have a good night! Talk to you in the am!!
12 hours ago · LikeUnlike

Vanessa Rijos Yea.. Ok
12 hours ago · LikeUnlike

Jasmine Wesby awww man
12 hours ago · LikeUnlike

Kerry Peart I feel you. See you tomorrow. Don't forget it was casual.
12 hours ago · LikeUnlike

Dayana Luxardo Yeah casual no longer make me happy. :........(
12 hours ago · LikeUnlike

Vanessa Rijos Same feelings here
12 hours ago · LikeUnlike

Jasmine Wesby I'm so nervous about going in on thurs..
12 hours ago · LikeUnlike

Dayana Luxardo Sigh people took home all their belongings today and they didn't even lay people off.... :.....(
11 hours ago · LikeUnlike

Jasmine Wesby I heard. So sad...I'm a nervous wreck..I gotta keep the faith and know something better is coming.
11 hours ago · LikeUnlike

Annette Ruiz Scot ‎@ jaz, there's always something better. You can't live your life in fear!!!!!!
11 hours ago · LikeUnlike · 2 peopleLoading...

Jasmine Wesby Thanks girl!
11 hours ago · LikeUnlike

Kerry Peart So depressing...
11 hours ago · LikeUnlike

Janice Cha-cha Doble Amen Annette....
11 hours ago · LikeUnlike

Annette Ruiz Scot ‎@ kerry, don't feel that way. The firm will bounce back. He started from the bottom and build an empire. He can do it again
11 hours ago · LikeUnlike

Janice Cha-cha Doble It was really sad what was going on there this evening. I got home bawling like a baby. Devastating.
11 hours ago · LikeUnlike

Annette Ruiz Scot That is why I stayed away from the 4th floor. I didn't want any part of it. I will be doing the same, tomorrow.
11 hours ago · LikeUnlike

Jasmine Wesby ‎@janice-Pretty sure I will be bawling.scorpios are like that. @annette..we all will be ok.
11 hours ago · LikeUnlike

Kerry Peart ‎@Anette its back to the skeleton crew from 801. But the veterans have to keep the same faith as you and I do. Im riding til the wheels fall off. They need the vets to keep the backbone strong.
10 hours ago · LikeUnlike

Dayana Luxardo I am in depression mood I locked myself in oneys office as soon as I heard security was there picking up Freddie files. I cried for 2 days. I have No hope I'm sorry guys but I am sad, angry and I feel so damn
10 hours ago · LikeUnlike

Dayana Luxardo ‎*Bad
10 hours ago · LikeUnlike

Dayana Luxardo I am NOT a negative person but this is just So damn unfair!
10 hours ago · LikeUnlike

Dayana Luxardo ‎801 is How it should have stayed but 4 years ago 801!
10 hours ago · LikeUnlike

Dayana Luxardo When we ALL were a family no separations everyone celebrated together!
10 hours ago · LikeUnlike

Jasmine Wesby I agree D, its sad...the money was made...we won't benefit from it...all our overtime work..everything..and we won't get jack for it.
10 hours ago · LikeUnlike

Vanessa Rijos We made it this far we can do it again!! Back to the grind one bad apple can't stop the show... That apple will be slice, dice and ate all up in a bit!!! KARMA!!!
9 hours ago · LikeUnlike

Jasmine Wesby Hopefully we all make it.
9 hours ago · LikeUnlike

Kerry Peart Happy Hour at billiards friday!!!!
9 hours ago · LikeUnlike · 1 personLoading...

Dorothy Mccoy hang in there; the work will come and if it don't then its not meant to be. Trouble don't last always. A SMALL firm is a VERY happy firm. its sad but get through it I loved DJS (the old one) the DSP i never liked
4 hours ago · LikeUnlike · 3 peopleLoading...

Vanessa Rijos DJS has a STRONG support team (the old staff) and we will be ok.. We have a strong Boss Man (djs) and a very strong Boss Lady(Reecie) that got us to that point.. If we did it once we can do it again!! Have faith!!!
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Vanessa Rijos if u dnt have nothing positive to say then DO SAY SHIT!!!


Yesterday at 10:27am via BlackBerry · Comment ·LikeUnlike · View Feedback (4)Hide Feedback (4)


Dorothy Mccoy got to remember DO I HAVE BAIL MONEY!!!!!!!
21 hours ago · LikeUnlike

Vanessa Rijos Lol I might not have a bond
21 hours ago · LikeUnlike
Write a comment...


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Vanessa Rijos if u have something to say about me be a real WOMAN and come say it to me... SCARY BISH.... #iwilldogwalkurass


Yesterday at 10:15am via BlackBerry · Comment ·LikeUnlike · View Feedback (17)Hide Feedback (17)

James Radigan and 5 others like this.


James Radigan U all right????
Yesterday at 10:21am · LikeUnlike

Dayana Luxardo Yikes!
Yesterday at 10:24am · LikeUnlike

Vanessa Rijos Yep dude YIKES!! My pressure is up right now.. Ppl need to learn how to shut their fucking mouth.. If u want to open it then be woman enough to open to the right person.. Maybe not cause I will buss their teeth out lol..
Yesterday at 10:26am · LikeUnlike

Jasmine Wesby Did you see my post?...my slappin hand is ready!
Yesterday at 10:33am · LikeUnlike

Vanessa Rijos Lol no I didn't
Yesterday at 10:34am · LikeUnlike

Dayana Luxardo Woow! What the hell happened!
Yesterday at 10:41am · LikeUnlike

Dayana Luxardo Woow! What the hell happened!
Yesterday at 10:41am · LikeUnlike

Vanessa Rijos Tell u when I see u
Yesterday at 10:41am · LikeUnlike

Jasmine Wesby That person threw 5 people under the bus.if that person knows what's good for they,they better not cross me.
23 hours ago · LikeUnlike

Patrick Scot Lol facebook thugging
23 hours ago · LikeUnlike

Christina Schatz i miss u sissy. your so pleasant and quiet LMAO
18 hours ago · LikeUnlike
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Vanessa Rijos there will always be a bad apples in the bunch... GUESS what happens to that bad apple it get trashed!!! do I hear the GARBAGE TRUCK coming.. (honk honk)

Zoraida Rodriguez
Its very sad to know that bcuz of careless lies u(know who u r)have involved urself in ruining thousands of lives!!! if u dnt see it with ur eyes u shouldn't speak it with ur mouth,but again u've created an illusion which u think will help u in the long run,after affecting so many ppl with ur lies the wrath of karma will come to u soon!! Bitch!!!



Vanessa Rijos one time for the DIRT BAGS, one time for the ASS HOES, one time for the LIERS u knw who are

Vanessa Rijos REMIX...hide ur kids hide ur shelf u know who u are we gonna find u...we gonna find u...

Vanessa Rijos have u ever sat back and realize ur crazy.. that's the reason u don't have anything... court case after court case... no need to say no more... ITS COMING!!!

Vanessa Rijos LMAO at dumb as ppl... Just because u delete me does not mean u won't knw what I will say about u... ur better off deleting ur whole FB profile...


We Can't Let You See How They Robbed You!

Got it?

We can't let anyone see how Greece hid their debt. We can't let the people know how the fraud was done. We certainly can't name the people involved and outline the derivative scams that were used, lest other people look for more of them (gee, you think?) or even worse, hold us to account for intentionally ignoring them ourselves.

http://market-ticker.org/akcs-www?singlepost=2248835


Glen Lewin
‎555 lost their job today. I hope you are happy_________ and ________. I can't even put your names because you two make me sick.
16 hours ago via iPhone
9 people like this..
El Ai Ne FUCK THEM THEY CAN SUCK A FAT ONE AND CHOKE ON IT
16 hours ago · 1 personLoading....Glen Lewin I feel the same way sister.
16 hours ago.El Ai Ne DON'T WORRY KARMA IS AN UNFRIENDLY BITCH
16 hours ago.Jeanette Ruiz What the hell is going on over there. I heard CS got it too. Are you still there?
16 hours ago.Glen Lewin I don't know what I would even do if I saw them.
16 hours ago.Glen Lewin Cheryl is still there and I'm still there for now
16 hours ago.Kovasky Romero Them bitches going to suffer.
16 hours ago.Kc Lawson Damn homey..... I read about stern in the paper not to long ago... Fuckn crook...
16 hours ago.Michele Grant What comes around, goes around!!! They will get theirs!!! @$%&#@*$-@#!!!!!
16 hours ago.Jess Ica Just wait for what comes back to them glen... it will be great.
16 hours ago.Glen Lewin Not even mad at DJS. If I could I would
16 hours ago.Rohina Kapur Dont worry those bitches will get whats coming for them. Im glad your still there. Bless.xoxooxoxoxo
16 hours ago.Glen Lewin Thanks Roho
16 hours ago.Joshua James Shilts Call me if your looking....
15 hours ago.Vanessa Rijos I can tell u what I will do to them FUCK IT.. I will beat their FUCK BRAINS OUT.. Just so funny u can talk shit behind the fuckin computer and delete me off ur FB.. What a scary bitch.. Letting it all out
15 hours ago · 2 peopleLoading....Glen Lewin Lol!!!!!!! Take that take that
15 hours ago.Vanessa Rijos And when they take that I'm will give it to them the way they like it str8 up their ass on dead in their mouth..
15 hours ago.Glen Lewin That's funny she deleted me too!!!!!!!!

15 hours ago.Vanessa Rijos Scary bish scary bish...
15 hours ago.Chastrie Eloi Well well well life wat you make it wat you do 2 ppl that wat goin 2 happen 2 you in the end shit.dirty ass ppl
14 hours ago.Glen Lewin True, true.
14 hours ago


No comments from the peanut gallery on this one? LOL


It is so sad to see so many people lose jobs. I am sure most employees conducted their work in a legal manner - to the best of their knowledge. Reading the 'comments', I totally understand their feelings.


Took me time to read all the comments, but I really enjoyed the article. .replica watches|


hahahahahhaahaaaaaa!!! finally!! you all got what you DESERVED!!! Listen, when you work for a CROOK, you are known as the little CROOKS!! and you ALL knew what was going on...and now you all will pay the piper too! I LOVE IT!!! JUSTICE PREVAILS!!! Now you all can feel like the people you all F#@$#@ed over!!! hahahahahaha there is a GOD!!! Now maybe you will think twice before you all think your some high and mighty people!! I mean really...did you not think DJS was not going to fuk you guys over too!! haha what a bunch of naive morons!! well...it's not like you didn't have the signs...like when ONE OF HIS YACHTS NAMES ARE "YOUR HOUSE IS MY HOUSE"?????? hello you idoit morons....it's all about him!! not you...CROOKS DONT CARE ABOUT THE PEONS WORKING FOR THEM EITHER!! MERRY CHRISTMAS IDOITS! I HOPE YOU ALL LOSE YOUR HOUSES TOO!!!


All you suckers got sucked out by your own boss!! Serves you right! now you can all know what it feels like to be F'ed by DJS!!! hahahaha...like you all didn't know what was going on!! RIGHT!!! well now you know the wrath of KARMA!! dumb azz morons!! When you have a yacht with the name "Your house is my house!" uhhhhhh, duh, ANOTHER CRIMINAL ATTORNEY...they are a dime a dozen! SWEET!!! i know all those poor defenseless people he screwed are EXTREMELY HAPPY!!! Merry Christmas all you suckers who worked for this CROOK!!!! BUNCH OF LITTLE CROOKS!! HAHAHAHAHAA


hahahahaha all you morons got jacked by your own boss!! DJS!! What...you thought you were special?? hahahaha idoits...you now know what KARMA is! how does it feel? to know a CROOKED man took your home, money, etc. it doesn't feel good does it?? Well now you know how doom feels!! hahaha Now your in the same position all those poor people whose homes were taken ILLEGALLY from them by your beloved DJS!!! hahahaha well now you know that crooks take their little criminals down with them...or better yet...dispose of you like TRASH!! Now you know what it feels like...boo hoo!


Kelly Scott is a money grubbing skank! She's known fir filing lawsuits and getting cash! I guess she was running low on funds which is why she filed the class actin law suit that started all this. All she cares about is how much funds she will be getting at the end!


@ Jane Doe: you say you are Jane but come on tell the truth why are you hidding your real name... lol I hope you back up your story agaist Mrs. Scott because if not she can sue you for Defamation in regards to your claims.. If you think the AG will not see this, then you are so wrong honey. This country runs on the proof and not on making a 5 min story headline and for me you are just making Mrs. Scott Famous and putting your self as a bitter employee.Look at all of the comments and look at all of the Depositions that has come out, it looks like you have something against Mrs. Scott. I guess because she not there and is not going to back up your BOSS, you want to be the BIG CHEESE!!! Please look at yourself and think what will you accomplish after all of this?


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these developments mandate that we take immediate action to align the business with current realities.


While we are doing everything possible to guide the company successfully through these difficult times,


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About the author
You've got the job of managing your money. No one in school taught you how. But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money last, how to educate the kids, how to make a budget work. The conversations I have with my readers are fun. Money's important, but discussing it does not have to be boring.

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.

Brackey has worked at Business Week magazine and at USA TODAY, where she was a founder and part of the original staff of the Money section at the country's first national newspaper. After nearly 11 years there - spent covering the 1980s bull market, the insider trading scandals, the 1987 crash - Brackey left Washington, D.C., and came to The Miami Herald. She spent the next decade writing a column about personal finance that chronicled the stock market's Internet boom and bust, as well as the popular Money Makeover features.

Brackey also has done commentaries for Marketplace Money, which airs on National Public Radio and The Nightly Business Report which is broadcast on more than 250 PBS television stations nationwide. She also has been a radio guest on WLRN’s Miami Herald News.
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