Topics regarding layoffs at Sumitomo Mitsui Financial Group Inc. ADS

Topics regarding layoffs at Sumitomo Mitsui Financial Group Inc. ADS

Layoffs

many jobs lost in September and more to come in 1Q.


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Post ID: @OP+1kdnwvqs9

Stock price

Why the stock price is tanking

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Post ID: @OP+1tSkIjrq

Level reduction

I have a basic doubt, it will be helpful if someone clear it please. So I am avp,reporting to a vp.he reports to a svp->director->md->md->md->MW->J. This is the structure now, in 2023 sep I was reporting to a SVP,re-org made him IC, director brought... — read more 

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Post ID: @OP+1szcWkwj

New york based layoffs Nov 2023

IT staff, estimated about 10%, have been laid off out of the NYC office. No explanation given, nor were voluntary layoffs offered. Layoffs came several days after a subsidiary was sold with an estimated 500MM loss. Hiring and expansion still goes on... — read more 

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