Q3 almost ends, now it is time for management to trim headcount and to cut cost. Our Operating Revenue / Front Office Full Time Staff is lower compare to peers. Many of middle managers are toxic to business. Global markets must deal firmly with the negative middle manager layer if they are to succeed in a challenging market. Redundant middle managers are hurting our business. They took the seat, get a large portion of bonus pool and blocking career advance for aspirational and hard working staff. They lie to their reporter and play politics. Before Q3 earning is a great opportunity to revisit the organizational structure, cut redundant middle level managers and optimize business efficiency.
5 replies (most recent on top)
Q3 or beginning of Q4 it’s happening
Severance won’t hurt the bottom line.
It’s about headcount and how much more shifting can they do before they run out of places to put people.
They are just trying to soften the blow right now.
They would still have to charge the severance packages to 3Q earnings, so it would make the bottom line worse.
Most of these middle managers are frauds and numbskulls. All they do is have their weekly bulshlit conference calls and when you asked them something they don't know shlit . This happens only in the shlithole bank of america.
And not know their job as managers. That’s the frustration. A bunch of fast talkers and no knowledge
It is not fair managers that just bullsht not do work get large part of bonus pool!!!!!