Is it true?
12 replies (most recent on top)
Why do you mo--ns come on here and say...."More layoffs" uhhhh there were none to begin with.
I wish!! Working here hsa become as miserable as a slow divorce?
(why don't I "jest leave"? Because am very close to retirement, and do not plan on looking for a new job anyway, (just need another 12-18 months to top off. Would I rather be paid severance for that period? he!! yea!))
They REALLY don't want to pay any severances, especially with expense still running hot.
They will wait until March to see how many people they were able to push out with comp cuts and general all-around miserablness before deciding if cuts are needed.
Why do they keep making a##inine statements to the press, like "we are a WFO company", "we aren't planning any layoffs" and then dig their heels in to the ground like a dirty-diapered one year old who refuses to budge.
I'd sign up for a layoff tomorrow if offered. Christmas in April - win/win!
Historically, April/Spring was always the timeframe for the to do their RIFs. After not doing large-scale RIFs the last couple of years they are probably itching to do so. Their spin about it being so noble that they haven't done it is pure garbage. They don't do it because how cheap they are and don't want to pay the severance packages.
Constant layoffs, just not overt. It's done through subtle measures. Examples: Employee demoralization, reducing compensation to below market rates, promoting less experienced ahead of more competent employees, micro-managing, withholding bonuses or changing incentive compensation, dissolving roles and teams, merging incompatible teams, constantly changing quotas and procedures for no legitimate business reason, allowing rampant cronyism, promoting those that cheat on their numbers to get ahead, etc. Some or all of these factors cause natural attrition, and all are not difficult to find here.
No layoffs. Terminations for cause related to in-office badging, and voluntary attrition after latest options vest. And with continued expense pressure, don’t expect backfilling open departures- which adds more voluntary attrition from the horrible workload.
But…net revenue targets will be met, and executive pay will flourish.
What's that? Ah-layoffs? Don't talk about layoffs? You kidding me? Layoffs? I just hope that can find a motherfuakar to layoff from this shilthole bank?
There have been layoffs, just on the "down low".
And not the huge tens of thousands like in the past.
This latest push with the Letter of Education regarding not coming in to the office will likely enable them to meet their Expense Reduction Target thru attrition.
Oh, that and the cr@ppy pay out for so-called "bonuses" (ha!) and no raises in Feb will close the gap.
All in time for the next cut off for Quarterly Earnings. They are so patting themselves on the back for their stealth! (no bad press - "WINNING!")
“There has been no discussion on any layoffs”
Ironic gaslighting, during a discussion on layoffs…
There has been no discussion on any layoffs.
I don’t see any layoffs. It’s going to be attrition only.
Obviously, and then the fed drops rates.