So, with about a month of 2023 left, who thinks we have one or two more “Deep Cut Tuesdays” in front of us? (This is a layoff board after all.)
15 replies (most recent on top)
28k, ha! That might be a near term goal, but long term they really want less than that total in the US. Everything else will be outsource and contact. This is a big reason they are winding down mortgage and branches. Those require a ton of domestic employees. Get rid of those groups and almost everything can be done by outsource/contract people.
The number still needed to get down to the projected acceptable U. S. workforce headcount now sits at needing approximately an additional 23,000 - 28,000. This will get the U. S. workforce to the desired level that will improve the banks bottom line thereby ensuring increased shareholder portfolios and satisfaction.
Regarding the question of "how many deep cuts may happen" to get to the "magic number" it still remains a work in progress as the numbers lost by attrition, resignations after bonus etc. are always unknown quantities.
Keep those resumes up-to-date!
Charlie, Saul and Colleen couldn’t care less about any employees, their families or anything they deem beneath them. Rules for thee, not for me seems to be their motto. Don’t think a little holiday will stop the sla-ghter. Slow it down a little maybe because they aren’t here to sign off on the orders.
A thread full of random guesses.
PICK ME! PICK ME!!!!!!
It will quiet down through the holidays. Once they have hired the new recruiters expect some big layoffs. This should be around 2nd qtr after the recruiters have been trained.
I think he can get one more in as a December surprise
Probably 100-300 layoffs every Tuesday after pay days, then back up to 500+ after the New Year.
I am ready to be RIF'd!
They are always minimal this time of year, not saying some won’t happen, but very minimal. Normally I think, if I make it to Thanksgiving, I am good until February.
PICK ME!!!!
Very little rest of year.
Smaller layoffs for the rest of this year. Until Feb of next year when it will ramp up again.
Tomorrow is the Tuesday after a payday. I guess anything is possible. I don’t think Charlie is going to let a little thing like the holidays curtail the need for year end cuts. Better to tear off the bandage and let it breathe than let the wound fester.
Back on topic? I like it! More layoffs? Never say never.😏