Capital Thinking Restructure Dubbed Complete With Final Layoff Round

NEW YORK CITY-Proving the old saw that you can’t make an omelet without breaking eggs, some 14 people have been cut loose from Capital Thinking, the locally based on-line mortgage brokerage that has reconfigured itself as a purveyor of software. GlobeSt.com broke the story of the firm’s restructuring in early October, and in an exclusive interview this past Friday, CEO and co-founder Heather Shively says that the recent round of layoffs completed the process.

“We restructured the company yesterday,” she said. “A total of 14 people left through restructuring-related resignations or terminations.” In response to one rumor floated that the firm was shutting its doors totally, Shively gave a definite denial. “That’s not accurate at all,” she said. “We’re bringing on 15 or 20 additional people, so we’ll actually end up with a higher staffing number than before.”

All of the new hires will be tech developers, marketing and implementation people, Shively explained, all chosen to “support the ramp-up of Bluewire. The focus is now on Capital Thinking as an enterprise software company.” Toward that end, the startup has already signed JP Morgan as a client and has since added PNC Bank “and others.”