CTO steps down, agrees to voluntary separation in wake of mass layoffs

Apr 12, 2022 | Executive Moves

Diane Yu, CTO of, has agreed to a voluntary separation plan that the digital mortgage lender offered earlier this week, according to a report by Bloomberg and as seen on Blind, an anonymous professional network. At the time, the company was at its peak, saying that it was underwriting $3 billion per month in mortgage loans and that it had hired over 4,000 employees since the start of the pandemic in March 2020 — a 10-month period. Over the past year, though, the number of refinancings declined significantly and home sales also took a dip in the face of rising mortgage interest rates.

Read more from the source Yahoo Finance: CTO steps down, agrees to voluntary separation in wake of mass layoffs, Published by: Mary Ann Azevedo

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David McInnis

President & Founding Partner

David has two decades of global recruitment experience and is Founding Partner of Willard Powell. Prior to founding Willard Powell, David worked with Leathwaite International, a global executive search firm. Before his employment with Leathwaite, David worked for Wachovia Securities (now Wells Fargo Securities) supporting the firm’s Investment Banking & Capital Markets Technology group. David is a graduate of Lasell College in Newton, MA, where he received a Bachelor of Science in Business Management with a concentration in Management Information Systems. David also serves as a Trustee on Lasell’s Board.