Will it continue?
7 replies (most recent on top)
Location strategy is just a way to demoralize and get people to leave voluntarily so downsizing is cheaper, with the added bonus of selling a bunch of mid sized offices for extremely depressed prices.
Yes it will all move forward. The real estate savings are real.
Why wouldn't it?
Nothing says cutting costs like closing Jacksonville or Boise and hiring a ton of people in NYC.
They do not care about cutting costs. Never have. It's lip service for investors and an excuse to torment people into leaving.
Location strategy is not related to Asset Cap. It's related to efficiency ratio. They're trying to cut out costs so they can improve profits etc.
Yes. Because ruining careers and uprooting families is kind of a thrill for Shart. A blood sport for him.
Yes. All downsizing operations will continue, at least as long as Shart is here.