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 be willing to bet a majority of these “initiatives” involve cutting jobs and “offshoring”. For those fortunate (or unfortunate) to remain expect more work with no additional compensation. All this while the bank rakes in major profits, and the C-suite enjoys bonuses, champagne and victory cigars.
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Rumors are circulating that end of year 2019, first and second quarter 2020 next phase plans for layoffs are finalized and underway.
This is true. I know several associates who have already been released. Legacy associates being released without cause and being replaced by Asian and Indian new hires or contractors. Disgraceful