I heard cards are slow and they hired a bunch of people
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Which location cards ??
the card customers are MAXXED out, so the work will quickly shift to collections.
whether you are in mortgage, cards, or auto....originations is dead, and collections/foreclosure/repo is the foreseeable future.
Layoffs for card services department coming soon too ?
Cards were transferred there. They are not new hires…..
These were transfers to avoid layoffs
Are you sure they hired or did they transfer over people? It is my understanding they transferred current employees over to avoid laying them off.