I know most of this is happening company wide but something extra seems to be happening in these groups due the brashness and severity of the morale crushing decisions.
Revolving leadership door. CPO was demoted, Head of Sourcing left for another bank and I personally have had 4 bosses over the past 3 years. Constant cycle of having to "re-tell the story" for the new execs that come and go.
The approved location strategy hubs have already changed once, with multiple locations being REMOVED from the list. STL, Delaware are no longer approved . No "real" reason was given other than the needs of the business.
Forced and inaccurate IM performance ratings are commonplace/standard practice and this is widely known by the entire group including ICs. Most of us hate the idea of destroying someone's career path, merit raise, and bonus trajectory just to hit a quota but our CAO seems to gravitate towards things that really create pain and anxiety for the folks keeping the lights on.
November town hall segment was dedicated to favorite thanksgiving day deserts, just 1 or 2 days after several hundred STL and Delaware employees were told that they are no longer in a hub and that they're going to be displaced by early 2027 and possibly late 2026. Good times! They could either spare us the sweets talk or move the meeting out a week or two until folks have recovered from the terrible news.
A portion of the January TH was dedicated to our CAO's love of travel. It was great to hear about their plans for trips to Morocco Japan and god knows where else. Very valuable information. huge morale booster too! maybe if we all work harder the CAO can take even MORE trips in 2027!
Soooo much toxicity. Intentional empathy void. I am worried about what's coming next, any guesses??? I have begun my search despite how tough it is out there.
If you're at the gates (to H3ll) looking in, you may want to keep movin'. this place will not treat you fairly.