It is interesting how many of my colleagues intend to wait until the last day. I don’t know why this is so, maybe people in spite of everything still think they won’t be the ones on the layoff list? I would not want to learn from my own mistakes. There are many who have regretted waiting to get shown the door.
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Most of people is waiting for severance package, which worth something.
Word is that there will be massive layoffs. If you thought things were crazy before , add in a Cease and Desist and a Sale of the Bank on top of everything that has to still be fixed because the Outgoing CRO and current Compliance Office were more concerned with their paydays than doing their jobs. Japanese Expats will create more unnecessary work, wanting things now, this is critical, etc and be blind to the fact that no one cares anymore now that they sold their jobs down the River.
These type of buyouts always result in many people being let go, it's their big chance to slash costs. Remember- companies owe you nothing, and will send you packing if it means giving shareholders even a penny higher share value. It's all about the shareholders.
It will be interesting to see what they do with duplicate functions in AZ and CA- that is, close it all down and run it from Minneapolis.
Mods deleting comments?