Companies in discussions for a merger, could lead to mass redundancies at Invesco
Atleast the stock we hold might go up.
If IVZ does not increase the moving bonuses, they can count on more talented more wholesalers leaving..
Here is a good article covering rumors and potential Invesco Oppenheimer Merger Layoffs 2019. Granted the story is a bit shallow there are some interesting tidbits, here's the link:... — read more
Are there gonna be layoffs due to the merger? How many will be affected and in what groups.
If the corporate is serous they would look into how IT in Houston is managed and what needs to be done to make sure things are done professionally here. There are so many issues, I do not know where to start. And, any company shipping jobs to India... — read more
Not any more. That's sad.
So they started laying off a lot of really good people, but keeping the old dead wood management. Down to 5200 from a high of about 7000. There's more blood letting to follow. They closed the data center in Houston. Moved it to Atlanta and Dallas... — read more
That's pretty much all as it relates to us, sometimes we are up and sometimes down. Layoffs follow but always lag at INVESCO