Title Resources Group's decision to conduct layoffs in the agency division of Doma Holdings reflects a significant shift in strategy after its acquisition, indicating a broader workforce reduction impacting independent agents.
Since acquiring Doma's title insurance business, Title Resources Group has reduced the number of independent title agents in Doma's network by 40%, aligning with new operational goals and efficiency measures.
The layoffs at TRG, communicated during HR meetings, mark a troubling trend in the title insurance sector, where strategic acquisitions and profit margins are increasingly dictating staffing decisions.
With significant ownership shifts post-acquisition, including new minority investors, there are questions about TRG's long-term strategy and its commitment to independent title agents within Doma's network.
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