October is the worst month of the year for layoffs. Clean the books for the start of the year. We haven't even gotten to that month yet. The worst is yet to come.
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If the Union Bank acquisition does not go through, the institutional shareholders will be clamoring to replace 3 or 4 of the big chairs on the top floor down on Nichollet and if it goes through with no Union Bank employee separations, no branch closures and a $100 billion community investment obligation, those institutional may just clean house anyway
Ncino + Union Bank Acquisition = more layoffs to come. Sad but true. Stay tune.
Can this question go away forever? There will always be more. You're obviously trying to ask if the RIF is over, and the answer is probably not. This has been going on since at least 2017. Now mass layoffs are happening in almost every industry in response to economic pressure. The RIF is going to continue.