Thread regarding Scotiabank layoffs

Did they ever get rid of the directors who don’t know how to use Microsoft Outlook and >take 3 hour smoke breaks? Seems strange that IT&S would have directors who aren’t >tech savvy.

He is still there. So are the "Admin Directors". - As the previous posters stated nothing will change in IT&S.

Did they ever get rid of the directors who don’t know how to use Microsoft Outlook and take 3 hour smoke breaks? Seems strange that IT&S would have directors who aren’t tech savvy.

Nothing will change. Zerbs will make the contractors take another cut, FTEs the ones that actually work will be cut. You can get ahead in IT&S by s—ing up to a global head or better yet a VP. I know one of the ‘guy’ who is an ‘admin director’, and a gal who has creative hairstyles who is also an ‘admin director’.

Well Q2 ends April 30th, 2021. We will have to see how many contingent and contractors will be cut. As for the ‘guy’ who is an admin director to a VP, didn’t he used to be an ‘admin director’ to an SVP?

We have a bunch of level 9s who basically just enter things on spreadsheets doing work that a level 5 or 6 can do. Ability to fool ones boss in IT&S and present something as overly complex is key to getting ahead here. Oh being “buddy buddy” with a VP or SVP does help. As they say “For every future”.

“Best of the best” results for the last year were >really a joke. After all extra hours during evenings >and weekends IT staff was working without any >compensation, especially when COVID started. >More than half of “best of the best” list were >directors and senior management, who was just >panicking and creating massive amount of >unnecessary work and report requests to an >actually working people.

Nothing will change. Zerbs will make the contractors take another cut, FTEs the ones that actually work will be cut. You can get ahead in IT&S by s—ing up to a global head or better yet a VP. I know one of the ‘guy’ who is an ‘admin director’, and a gal who has creative hairstyles who is also an ‘admin director’.

The best of the best awards as noted by the previous poster is to protect certain people when these cuts happen.

Post from TheLayoff.com

“Best of the best” results for the last year were really a joke. After all extra hours during evenings and weekends IT staff was working without any compensation, especially when COVID started. More than half of “best of the best” list were directors and senior management, who was just panicking and creating massive amount of unnecessary work and report requests to an actually working people.

Layoffs are just starting. Scotiabank just export jobs and creates new positions in Latin America, constantly cutting it in Canada. The new process is to hire people in Colombia or one of those countries, wait few months and layoffs few Canadian employees. There is another way - start new project and exclude Canadian employees from that and cut staff in Canada after completion.

I heard about IT&S having directors who are >basically admin assistants to the VPs.

What else is new? This is how IT&S operates. Including senior managers and directors who should not be in their role.

The previous poster is correct. Expect cuts to people who actually work. The ‘admin directors’, senior managers and directors who got their role not on merit or competency but on a ‘global head’ who likes them will continue like the saying goes “for every future”.

Lol 😂
I heard about IT&S having directors who are basically admin assistants to the VPs. Lol

Yes people do get senior manager and director roles based on a “global head” (senior director) or VP liking them. What’s new in that? That’s how IT&S under Micheal Zerbs operates. Nothing will change even with the cuts to the contractors or the move of some gigs to Mexico or Colombia. The wrong people will still be protected from these cuts.

Does anyone know how many jobs have already moved to Bogata in Q1? As well as how many jobs are scheduled to move during the rest of fiscal 2021.

Barb Mason said there would be no layoff during 2020, however we are now in 2021. Scotiabank didn’t make stellar profits, and the bonus factor was only 88%. The bonus factor at RBC was 110%.

When should we expect these cuts. I know of people telling me they have to train people in Bogata how to their job.

It won’t happen. They will continue to keep incompetent directors and senior directors who got their job not based on merit but a “global head” / senior director (or even a VP liking them).

Expect cuts in the wrong areas. There are directors out there that do nothing and are basically admin assistance. That is where cuts need to occur. This is something that won’t happen in IT&S.