They say layoffs will start to tale place in approved specialty market locations end of year, and this specialty market thing was made to only keep the big managerial positions there but the individual employees in non managerial roles will be let go. Any one knows if this is another troll or if it is actually true?
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I was browsing open job postings yesterday and saw that we have about 15 open positions in China…. I was surprised to say the least…
Boston is specialty, the lease is up in 2035. Not sure what that means about potentially closing it or letting go of people working there. Positions that end here are not backfilled here, nor are new postings advertised to be here, that is true in my departmen . We have 5 floors total of prime real estate, although Advisors moved into one of them.
Specialty Market is basically code for "first hubs to close". The lower hanging fruit (remotes and locations IDd as not a go forward one) will go first, then the specialty, then the main hubs. Winding down branches and mortgage will facilitate the final displacement of the rest of the domestic workforce outside of executive roles. Then it's just HY and I&P.
For WIM the specialty markets will hold. They just can't backfill there.
I believe it. For FCRM, I’m seeing numerous positions being posted in India and the stateside roles posted in Hubs. I’m not seeing any in specialty areas, like SF.
California has all the specialty markets- no secret they want to get rid of CA and continue to do that business in Arizona or Charlotte where it’s cheaper.