I'm surprised I haven’t seen any posts on this yet. At least within Asset Servicing, there’s a restructuring happening where all employees, up to an L, are now required to report to someone based in their primary office location. I previously reported to a manager (M) who worked remotely, but now I (K) report to someone local (L). If I weren’t based in a strategic location, I’d probably feel a bit more uneasy about the changes.
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What is happening to your remote manager?
Any idea when this will be rolled out company wide?
I guess this is just another tactic the bank is using to get people to leave without having to pay severance. What a great culture! Good thing we have those pillars and the free coffee!
My boss’s boss who I think would be an L is in another city still while the rest of my team are in a different city. Haven’t heard anything about this. Both cities are not growth locations.
All part of the plan to hunt out what they call ‘redundancy’. Having 3 US based PM’s or techs reporting to an Ireland based person for example makes them more eligible for layoffs if they are in the same pool of people in the same location. This place is just psychopathic when it comes to rank and file now. Clients will feel the damage from this.