names are due in June timeframe
26 replies (most recent on top)
@n9 I really hope you see this, I was in May 19 too and just got limp sum. Does this not include the health stipend because it sure does not look so. Do you know if the stipend is paid monthly additional or another deposit one lump sum?
@cm are you a contractor?
The timeline for layoffs is:
January submit names. Lay off in Feb. March termination date.
April submit names. Lay off in May.
June termination date.
July submit names. Lay off in August. September termination date.
October submit names. Nov lay off. December termination date.
LA as a growth center. OMG .
This is already a failure of a venture.
There is a monthly date for layoffs. If you need to layoff staff you submit by the closing date the month before. That has always been the case. Now we are seeing Firm led large scale reductions…….gotta keep that leverage ration looking good…..and there’s cr-p all revenue coming anytime soon…
“I volunteer as tribute”
Post ID: @r1+1jwhtqznv Is absolutely correct. Just look at job postings, lots of LA jobs. BNY thinks the below in Silicon Valley. They are operating on their 1990 handbook. Instead, it will cost them tons of money with no better returns than what their NY, PGH and UK teams could deliver.
Can any manager here confirm, if they have someone on the August list? They usually get SNOW ticket about a month ago with exact date of notification. What is the difference between May 19 RIF vs August RIF ? Thought May 19 was due to wave 3 P-M efficiencies.
@qq now that was funny!!
Wfh shouldn't be an issue cause they created it. If they have a problem with it then open the buildings up cause they sit empty and they own them. Doesn’t make sense right? You all shouldn't feel safe cause you have an office to go to. They are moving more roles to India and other overseas locations. They’re also looking to lease a building in expensive a-s L.A. makes no sense . The layoff needs to start with the CEO for running this place in the ground.
Target is focused on the remaining WFH. It should occur before schools start to give them a chance to relocate if they want.
Can we add names to the list 😂
there are many different buckets. Not on targets, PiPs, post-p-m efficiencies, SVPs and above, middle managers who dont fit in a flat organization, etc
Why August? They should wait until September and see how many will leave voluntarily due to 4 days a week RTO mandate.
@ew
Top doesn't care.
@ck not sure where you are based or what role you perform but it certainly isn't a breeze everywhere.
Really? Because the May 19th one was a reality, and I'm a victim.
Know what you're saying before you post an asinine remark.
I'll see it when I believe it.
Wow this is crazy, this never stops! what a place to work.. we had one in May,June is in works ,why just leave out July, better fix a date every month for layoffs,don’t they realize there is no morale in the workforce..
Nonsense posts are most likely from HR. Have you ever wasted your time talking with one of them? Remember they serve the company not the employee. They likely get paid to counter posts that reflect what is occurring in the work place.
Layoffs, really? Wow so shocking.
The right question is, severance? They sc--wing everyone.
If all of these layoffs are occurring how come our employees prefer count is steadily rising…?
Mmmmm,…
None of the above.
The rarer that layoffs are, the more that our employees worry about them.
I suggest moving to another company. Contracting is a great way to try different companies. Better yet you quickly build a network.
But I’ve been propounding this advice here for 42 years. For some reason our employees prefer to be lumps rather go getters.
What does it matter? The layoffs are so small, we all have so much automation and our jobs are a breeze now. Boredom is the greatest issue.
Just another layoff scare that never happens.
Technology? Operations? Client services? Combo of all? Any area of focus like Massachusetts, NYC, NJ , PA?