JPMorgan Starts to Cut Mortgage Jobs

The video discusses the current trends in the housing market, highlighting the rise in interest rates and the resulting decrease in mortgage volumes. It covers the impact on various mortgage businesses, including lenders and brokerages, and how companies like JP Morgan are adjusting their staffing strategies in response to these cyclical changes. The discussion also touches on the challenges of predicting market upturns and downturns, emphasizing the ongoing theme of cyclicality in the mortgage industry.

What does the term 'cyclicality' refer to in the context of the mortgage business?

What challenges do companies face when moving employees to different roles?