by Calculated Risk on 3/19/2007 12:26:00 PM

From Bloomberg (hat tip Brian): Fremont General Gives Mortgage Staff Two-Month Dismissal Notice

Fremont General Corp., the California thrift trying to sell its home-lending business, told the unit's staff they may be dismissed in two months.
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"The company has aggressively been pursuing its options," Walker said. "Such efforts continue, although the company cannot provide more definitive information today."
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California requires employers to give workers 60 days notice before "a plant closing or mass layoff," according to the state Employment Development Department's Web site.