Whether there are or not what are you gonna do about it, or what can you do about it so stop asking!!! If you are or can just do and get on with it
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Layoffs will be early December and then again in January.
@fhg+1pEOnZ0B Who is this person who keeps talking about the last 45 years in response to everyone’s post? This person is getting on my nerves. Obviously, you are fortunate enough to work in a sheltered location or have been retired for a while and you assume nothing has changed. Why do you assume everyone is a newbie? I guess because you must be 80! What I witnessed this year was not quarterly events. They are rushing to get our remaining work offshored as fast as possible and closing sites not considered growth locations.
I think the layoffs are scheduled for two weeks after Thanksgiving. Most months the layoffs are done at the beginning of the month. And yes, we do monthly layoffs and have been for a long time.
Not a great example as the January 2023 layoffs were 1/2 of one percent… .05%.
That’s called good times by anyone here for more than a two or three decades. You cannot conceive of HR and security clearing out entire floors and perp walking them out of he building in a 10% layoff.
False once again, Todd Junior. I know of two people within my group that were let go that were very productive… They were not fired because they were poor performers- they were let go because the greedy executives went more for themselves, and can’t come up with any other ways to improve the bank other than cutting staff & rehiring in India
If only people could distinguish between their own self-imposed layoff paranoia and the reality of virtually no layoffs for over three years.
There is a thing called getting fired, but it’s not going to happen to any productive worker.
January was a fraction of 1%. Give us a break. It’s a weird psychosis here where somebody one person… aisles away is terminated for cause and some wag here says that the sky is falling.
This has been a long 3 years of virtually no layoffs and the paranoia only grows. It’s just crazy the paranoia. My advice is to look for another job. There a lot of openings now and it’s a great time to move on for anyone with skills.
If the layoffs are quarterly, how do you explain the Sept 25 round just before the 401K match date and then another round the last two weeks?
@fhg. The large layoff in 2023 was January- I think you are wrong.
There won’t be another until February. People live in fear of “monthly layoffs” but in the last 45 years it’s always been quarterly… never monthly.
The layoff cycle is February, May, August, November and repeat, always in the middle two weeks of each months.
I laugh at the newbies here who keep talking about monthly layoffs. The Bank has never handled it that way. They could possibly be misinterpreting employees who are displaced for cause. That’s not a layoff at all but a firing.
Probably. Stop living in fear.