Apparently it appears there will be no massive wave but cuts will be in bits and pieces and mostly under radar
This will help firm avoid the bad publicity as well as severances
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Which group was is he in? Also what was his role? Did he get the news before the Sep 13th Jane announcement?
I know of a person who was reduced about a month ago fr 388G NY office received 3 months pay w benefits and severance package. I believe, some of bonus but not sure. But person is pleased with 1 year of service..
I think they are doing layoffs in bits and pieces because 1. avoid WARN notice (unlike other banks) 2. try not to destroy morale too much and 3. If cuts are planned to be spread out, gives them flexibility to keep people if the economy improves
Anytime you lose a job, you get paid severance.
That has zero to do with severence. You get severence either way. Maybe you mean WARN payouts? Those should still get paid as long as it’s more than 50 people.
@OP+1oPPeLlU Are you stating facts or your own personal take on things? How do you specifically know it will come in bits and pieces?