Lots of rumors swirling. In my group in COO I noticed that several people were shifted from remote to assigned locations, all on the same day. I'm betting that this is a prelude to all non-hub people being exterminated. Hearing lots of other chatter about tech, WEC, and other dead end non-hubs as well. This is the place to share. Please include your group and what you're hearing. On the day itself we should get more information, but we won't have solid data until Thursday. Whether you're looking for a severance or to survive this round, good luck folks!
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@fj Despite my best efforts, I still have to schlep it into WEC.
Still here for some reason.
WEC peeps, what's the story?
Us engineers cannot develop. The segregation of duties rules prevents it.
This is it folks, good luck!!
@ch today is my last day @ the bank. We have lost team members and are being asked to do more, work faster. How the he-l can you work faster when all they do is schedule scrum meetings every day multiple times a day they tell you to work faster work harder, but you spend all your time in meetings so people are working after hours to try and get the work done so they don’t get laid off. It’s a toxic environment. Today is the last day here in Winston-Salem for a lot of folks including me and I’m off to find another job. Somethings gotta be better than this.
@cg, so engineers can't develop? So did the fake and failed WF agile transformation lead to this engineer-developer workflow? Lovely....
@OP Makes it easier for HR to file the WARN notices. Take all the one off remotes and lump them into a location and instead of filing 30 WARNs they file 15…. Efficiencies!!!
The problem isn’t just loss of knowledge. It’s loss of workers. Management is demanding more and more be done on tighter schedules than ever. With the siloes creating dependencies on other teams, who are also short staffed results in unavoidable delays.
Try getting automation implemented. Well an engineer can’t do it because of process requiring the person be in a developer job role. So they have to find a developer to do the work. Can’t hire a developer because of hiring freezes, leaving the only option going to a dedicated automation team who is so backlogged because everyone else is having the same issues because of the stupid segregation of duties requirement.
Yet in the mean time, management doesn’t want to hear any excuses and blames teams for not delivering when the problem is completely caused by stupid decisions made by management.
Last employee appreciation week was a bloodbath.
They don’t care about knowledge folks. Just look at how many issues are repeating the same mistakes from other groups or even previous years. They are solving anything just moving stuff around (smoke and mirrors) to make it look like they are.
Good, now apply that to the OC and downsize all of them based on lies. They aren't doing anything but keeping a chair in NYC warm.
@aq+1jye6e46q It doesn’t matter how much knowledge exits the bank. Employees ALWAYS overestimate how important they, or others, are to the overall functions of an employer. You have clearly never been through this type of situation before. I have, several times, it would take all of us quitting at once to create staffing related impact.
There may or may not be any impact ranging from minor to severe from those being exited, but at the end of the day SOMEONE will step up and fix problems in short order. And those here I’ve seen post saying no one can untangle what they’ve been working on, you’re kidding yourselves for the same, aforementioned reason. There is always someone as smart or smarter than you in something. Always. The solutions don’t neee to be perfect, they just need to be functional.
The WARN notice is the 60 day non-working period. It’s been this way for years.
@ae they couldn't even have us working from home to show their appreciation..pathetic
Interesting that there was no WARN notice given for Winston WEC.
Not sure when that will happen now.
@at yes. Last day for me tomorrow @WEC 😕
At WEC and heard from multiple people that a bunch of Tech folks were displaced (they were told last Tuesday that tomorrow would be their last day). Even one of the janitorial staff asked if tomorrow was my last day. (Have not gotten the call YET.) Our wonderful building lead, Jimmy Phillips, got the call and will have 1 year of severance before retiring after 47+ years in the company.
@aa too much knowledge leaving the bank. but the I s know how to do "digital banking".... There will be a crisis. a storming and then a norming towards a group... I am betting on Columbus. They will dictate the path out. You will want to be outside this bank looking at this.
In COO Control and was told approximately April 2025 in 2024. That never happened but I also moved to different managers 2 times and then to a new org in COO Control (MTL) so wondering if the workload got me extended. New boss seems to think end of year for me but admittedly knows someone more senior could pull the plug before then. Fingers crossed I pass the Sept. 30th bonus date where supposedly I'll get some semblance of a bonus after all the years of misery covering one trainwreck of a business. My former colleagues in control seem to think July.
As someone who was remote I can verify that my status changed from remote to some cpg building I didn’t recognize and was gone within six months.
And walking into the building with these employee appreciation week setups is disgusting when they are laying off tomorrow
Employee depreciation week!
The mess left for the next CEO and team will be enormous. Entirely too much knowledge let go just to save a buck. Huge mistake for the next regime to inherit.
The remote thing was fixing an HR error.