@1cfb
Again with the dire warnings of huge layoffs that never materialize.
“Buckle up- 5% across the board. And another one in November. So this is not trivial”.
Whoever is playing this sick game stop scaring people and stressing them out.
Buckle up- 5% across the board. And another one in November. So this is not trivial.
+1iODPW1c
Buckle up- 5% across the board. And another one in November. So this is not trivial.
16 days ago by Anonymous | 5 reactions (+5/-0)
Post ID: @1cfb+1iODPW1c
1% as it turned out. 1%.
Clearly Todd has Robin’s ear or there would have been more than a minute 1% reduction in this layoff. The extended era of job security continues and we probably owe it to Todd. What a leader he was for this era.
There are no layoffs. I should know, I'm one of Todd's children. Hundreds of people just stumbled across this site by accident.
How can layoffs “continue through end of September” when they ended after only 3 days?
@1cfb Not a chance. This was a 1% layoff at worst. The pattern is clear and that is to shrink by attrition. The Layoff era ended with Charlie in August over 4 years ago.
The real layoff era with 10% per year displacement ran from the post Y2K 2000 to the 20008 toxic asset meltdown. Most people here weren’t adults in those bad times. These are not hard times. Every year in the 1970s had far higher inflation and far higher unemployment, plus 20% interest rate.
People are too soft for minor adversity.
Layoffs continue through end of September and then another one in November.
Layoffs continue through end of September and then another one in November.
Buckle up- 5% across the board. And another one in November. So this is not trivial.
Omg dude. Give your defense of TG on every thread every day A rest. People are getting let go. But monster, most of the people on this board are treated like dog dirt and want to vent. Give it a rest.
But the thing is that they’re not doing anything significant on the layoff front and haven’t for over 4 years. It’s delusional to think that a 1% layoff after 4 years is a mass layoff. If you reread your rant most of it is dissatisfaction with management and assumption that Sr Mgt are lazy and not working.
I totally get your frustration with our excess layers of management, their poor performance on decisions and their lack of any growth strategy whatsoever.
But these frustrations always seem to include layoff complaints and layoffs are the only thing that I’ve seen that are well managed. To the contrary, job security has been wonderful over the past 4 years.
It’s looking like a light (1% at worst) layoff. All of the feel of Todd’s era job security.
Still no significant layoffs since Charlie’s August 2018 massacre.
I hop many overpaid and do-nothing executive managers, senior group managers, and managing directors get fired and their big $$$$ salaries partially saved and partially used to properly compensate and retain real hardworking employees. This would be more financially effective than saving peanuts $ by laying off hardworking US employees and outsourcing their jobs to Chennai and Pune. look up on mysource how many do-nothing “executive managers” and “senior group managers” are Based at Home doing close to nothing, perhaps except for posting and reacting on LinkedIn during work hours, while low paid and hourly employees are forced to RTO. Not sure if executive managers who aren’t classified as based at home are ever tracked to see how often they go to office when the are not traveling the US and the globe on the company’s dime! Aren’t we sick and tired of seeing executive managers posting pictures on mysource and LinkedIn about their useless and wasteful visits within the US and to UK, India, ….? They should start using Teams for video meetings just like the rest of us, instead of taking vacations disguised as bank business!
I haven’t seen or heard anything.
In other departments?