Real Estate Investment Trust Luminent Mortgage Capital recently laid off 30% of its workforce including Jim Doyle, who managed the company's CDO platform, as well as other members of the CDO team. He was hired in 2006 from Declaration Management & Research. "We are engaged in an appropriate amount of employee downsizing of approximately 30% of our workforce across the organization. These cuts will help stabilize the company's cost structure as we move forward," said a Luminent spokesperson. Calls and an e-mail to Doyle for comment were not returned by press time. The company plans to file an 8-K with the Securities and Exchange Commission tomorrow announcing the layoffs.
Access to a full range of industry content, analysis and expert commentary.
No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.
Have an account? Sign In