Flagstar Bank reviews

I was an employee with Flagstar bank. Always met expectations and completed my work ahead of schedule, as with many of my fellow employees. On 4/22/22 at 1pm they scheduled a zoom meeting for 1:30pm. During this zoom call with over 100 people they told us all at once we were being laid off and relieved of our duties effective immediately. They then called another zoom a few days later urging us all to apply for call center positions with drastic pay cuts. The friends I had that did apply for this position never heard back. We believe this was because Flagstar didn’t want to consider anyone a transfer, so they could take back their vesting from our 401K’s. So a benefit used to encourage you to work there was taken away from us during this sudden unexpected layoff. They gave us a very small severance package of 2 weeks pay(not enough to even go through the onboarding process with a new employer). I would encourage anyone who wants to do business with, or become employed with Flagstar to think again. At the first chance they get they will screw you over, if it’s a benefit to them. They then will provide little to no support during your separation.

Constant bickering on who's "legacy" way was best Super "meeting-happy" organization. Let's schedule a meeting to plan the next meeting! No one in leadership has experience running this size organization. Micro-Managing to the max. No empowerment to management. Everyone is afraid of making decisions. No one knows how to work in a proactive way. Just sit back and wait for everything to hit the fan and try to clean up the pieces.