Red team layoffs coming over the next 35 days. 2 weeks pay per year of service
Topics regarding layoffs at Regions Bank
If the market makes a turn soon, do you think there will be Regions Financial Layoffs 2020? Any news or rumors?
Rumors are circulating that end of year 2019, first and second quarter 2020 next phase plans for layoffs are finalized and underway. In case somebody was (mistakenly) thinking this was over, here's a reminder that there's plenty more to come -... — read more
Another round of layoffs is coming the first week of January. Managers will have one FTE of their choosing to pink slip. Additionally they will have to choose another FTE to be on the "Red" team. The "Red" team is those who are slated to be laid off... — read more
Don’t be fooled by the corporate spin. Simplify & Grow is not over. Employees are still losing their jobs. Today the Dunedin office was told their employment would end at end on 12/31. Per CEO 16 of 67 S&G initiatives are completed to date. I would... — read more
What are you hearing about FRA elimination in the branches?
Layoffs are happening now. No generous separation packages offered. Just let go. Do you mind sharing what the package was? It had to be something, right?
dumb–ses cut IT funding. You have no bank without IT. Complete mo–ns don't understand tech !
I thought the spin on Simplify and Grow was to eliminate layers of management and silly positions. How is it we now have all these “chief of staff” positions being created thru out the organization? How does leadership justify this in light of all... — read more
I see a lot of job openings lately, which makes me think there is a chance Regions is getting ready for a major round of layoffs. It wouldn't be the first time they hired a bunch of folks to be trained ahead of a layoff. Which is really diabolical... — read more
Only upper management and the new EVP's will benefit from the greed at the expense of legacy associates that made Tegions an AmSouth. Regions has forgotten about it's core vales of doing what is right, and putting people first. Or those values... — read more
Or “Continuous Improvement” is this year’s buzz word. Lakeshore campus is being closed. Decision has been made to move jobs to Riverchase or downtown. Sadly many jobs will going from B’ham to Hattiesburg resulting in job losses. Expect announcement... — read more
So Regions has run off their knowledgeable, experienced employees, and they have brought in so called leaders that have never managed more than a Walmart linens department. Some of these branches have become a joke. Does Regions not know that these... — read more
They keep escorting people out of the building and making us pack their things, even their personal things. We spend hours a day packing up belongings for those they payoff and then have to do our job and their job on top of it with no incentive pay... — read more
Email went out documenting the following: That the new standard will be 15 direct reports. Middle management cuts coming soon. Yet another new bonus restructure. Multiple departments to lose incentive pay. — read more
For those simplified in 2018, feel good knowing that your sacrifice helped others. Specifically it helped management and those that survived with a nice bonus that will be delivered for the $1.5 Billion in Net Income they made. I am sure the greedy... — read more
So Regions brought in a new CIO back in 2017 and since then there have been the following: Layoffs and firings in the IT division Hiring in IT of people who all worked at one of the CIOs previous employers Destroying the culture and creating one of... — read more
Not getting responses from bank and mobile app been down for days. What's going on with this company? During the holidays as well..... — read more
Regions does not want the bad rap that comes with layoffs, so they are attempting to make life a living hell so that people will quit on their own. Even the "fully staffed" branches are shorthanded because they have to cover the short-staffed... — read more
Regions executives are trying to push what they call the "Simplify and Grow" initiative, which does involve layoffs. The push does not discriminate on position - everyone from new tellers to area managers with over 20 years at the bank has the... — read more
Regions CIO is trickling down through her directs that complaining about her outsourcing plan for technology will not be tolerated. I apologize, her off shoring plan. Off shoring sounds so much nicer. — read more
What Regions is doing and has been doing is not investing in their people anymore. They stopped. They say that employees asked for the change but I’m not sure what employees they are talking about. It certainly is not the retail side. They were the... — read more
Regions is laying off and forcing the wrong people out. The ones that are staying behind are destroying Regions Bank. There is no proper training in any roll at Regions and the only bit of training they provide is around banker integrity. They watch... — read more
If the economy turns around, do you anticipate any Regions Financial Layoffs in 2019?
I bet you all thought “Treat” was an option. Ha! Not in the Regions world! Only Tricks and Severence this year for all of us.
Word on the street is that DPO layoffs are to occur next week (October 22).
Despite the fact that John Turner bragged to the Birmingham Biz Journal about 1000 job postings at the giant, Regions employees are not of high mora. Mr Turner also has an initiative to outsource as many of those openings with over seas contractor... — read more
Horrible what Regions is doing to their employees and their clients. Never seen anything like it. Their warm banking feeling has disappeared. The employees look like washed out zombies whenever I would go into a branch. My banker after many years... — read more
Upper Management are basically cowards. They hide behind company things like “evergreen”, and “try to focus on growth and not simplify”, yet every day they walk by and act normal to employees they already know will be cut. They just need us employees... — read more
No reason to officially layoff since everyone is being forced to quit before they get fired for not meeting impossible goals. The employees that are left are no longer happy because they are being stretched thin trying to cover the shorthanded... — read more
The uppers are pitifully out of touch with their worker bees. They've spent all year bragging about how much money the company made last year, and then they can't spend any money on their workers for customer appreciation week. They've got a script... — read more
OK not to really jump the gun but I have some insider information that Regions is about to be bought. I can’t tell you my source you will have to just do your own research. Regions hasn’t lost its mind the executives are getting paid out Millions... — read more
Who out there is willing to hire older workers and pay them what they are worth in experience and knowledge? It looks like those two things are no longer important. Everybody is willing to employ people who want to work for cheap and that's it... — read more
Regions is handling this whole Simplify and Grow in the worst way possible. They are dragging it out longer than it should be. They are telling employees to focus on the “Growth” part of the initiative. Which is basically “we need your focus to get... — read more
I've seen it mentioned here and heard it elsewhere as well that DPO is getting hit soon, but is there any news on rest of the Regions? Somehow I doubt it that if they start laying off people, they 'll focus on only one unit and ignore everything... — read more
DPO team leads are being cut by 50%. DPA positions are being told their job is moving to riverchase in Hoover. If you’re not willing to move, you will be let go. Record profit and huge tax cuts but regions is eliminating jobs at a fast pace. Congrats... — read more
I’m a current employee and unfortunately they are laying off, getting rid, firing the wrong people. The stress is the worst it’s ever been, 90% of employees are unhappy, upper management has their heads in happy clouds and their priorities are not... — read more
Morale is at an all time low! 99.9% of the current employees can’t stand working for Regions Bank. It’s stressful, forcing goals on all branch employees is the worst it’s ever been. Making life better is a thing of the past! The CBM’s and CBE’s are... — read more
With those that survived this round many are thinking they can breath a sigh of relief. However, the next round of layoffs are around the corner. Ultimate goal is to offshore almost all technical positions. — read more