Prepare for movement and announcement in mid August. Tier of managers to be let go as several lines of business to be sold off. This is going to be big. Severe pressure to grow Poland at expense of UK, Germany and Ireland jobs.
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Apparently UK and Ireland going to be 30% chop rate.
Good to see that U S taxpayer funded tax cut is helping U S workers!!! Will there be anyone left in the U.S.
I work in EMEA, and there have been only a handful of layoffs over the last year.
In an office of 900 people, only 5 to 10 that I know of.
Apparently asset servicing lines of business including Corp Trust (to be sold) and other lines to be heavily outsourced to cost centres in poland and india. Sites to close also.
Hopefully the Deutsche Bank people that got their jobs from Michelle get canned.
I heard Aug 19 is going to be a blood bath company wide. ETF is losing a large client in November. All of Brooklyn Tech writers are rewriting procedures. My guess for processes to be shipped elsewhere. Management wants everyone out by year end so they save $17MM in rent. All ETF processes are being centralized. Don’t know what will happen to the service admins.
any more detail, what departments or how many