I guess the layoff front is quiet. Makes this ‘layoff’ site seem useless except for all the whining🚜
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At any rate I am tuned in TB only started when RV mentioned his love of upstate property during a town hall
At any rate between RTO, constant chipping away of benefits (401K match, bonuses, etc etc) why should the bank lay anyone off, endless town halls, initiatives every time a new ‘boss’ comes along to clean up after the old boss….that’s the new deal
Nope, sorry that makes no sense. I’ve been seeing that inane thing for years here, and RV is still relatively new here and a a short timer on his honeymoon at the Bank.
Really there is no need to answer questions when you’re even more clueless than I am. I’m curious and asking people who know, not for people who can’t resist piping in to make up stuff.
@1rav, layoffs were always done in waves of 1% - 2%.
@1qrz, that's nothing compared to getting rid of our pension. Or getting rid of our cash balance plus. Or Uncle Todd increasing our 35 hour week by 15% with no change in compensation.
Agreed, but hasn’t Robin taken it to a new level with no guaranteed 401K match, holding our entire (still undisclosed) match for one to two years as an interest free loan from our match to our Employer. Is this even legal?
True but ya gotta realize that the January sub-1% layoff is about the smallest ever since the massive 2000-2008 layoffs.
What’s with the goofy Tonka Toys?
People were laid off at the beginning of the year. May not be massive, but still going on with packages... Just saying.
Layoffs aren’t quiet. If you ever paid attention , they come after reviews
@xuw, except bene's have been getting cut WAY before scruffy was ceo.
Actually, @eqk has the story. The Bank is not going to be displacing anybody. Those waiting for the package will be very miserable. Robin has realized that it’s not worth paying to displace employees when you can cut benefits and pile on work to the point where they leave for free. In the 401K alone we have been forced to loan out our match to the bank FOR OVER A YEAR, interest free, as a perpetual loan.
Can someone please get @eqk medical attention?
Exactly. With not even one significant layoff since Charlie Scharf’s August 2018 massacre, and none on the horizon, there really isn't a need for a BK Layoff board here. We’ve entered a new era…. Robin’s era of incentivizing attrition.
Robin knows full well that the older expensive employees are all hanging on for the displacement package. He’s a smart guy, so he’s cutting the 401K, the medical, the bonus pool, pretty much everything to make people miserable.
Scharf August 2018 is likely to be out biggest, and our very last layoff.
I havnt quit. Im just not doing as much work. .
its all about people quitting themselves due to RTO these days
thats exactly what they wanted.
Almost as useless as your whining about the whining.