Why do these two LOB’s have almost totally complete remote team members and zero of them are laid off?
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I see no point in jealousy of fellow employees that have thus far avoided HYs treachery. Never forget what they took from us.
Source: I actually work on the communications team. You clearly don’t.
Not sure where you are getting your info. I work closely with both comms and marketing and can tell you with certainty that there have been and are layoffs happening for them for all the same reasons as the rest of this place: location, reorgs, efficiency plays and the rest.
Marketing and communications are not the same team. Communications has had a revolving door of incompetent leaders and has not been impacted by layoffs in years. I think the last chief communications officer was in Ohio or something. There is a senior person on the team who makes 6-figures to write emails no one reads from the comfort of her farm in North Dakota. She is so far up management’s ar-e they will never get rid of her.
It’s a team that tends to reward tenured incompetence with remote positions in the most remote places. There’s a guy in Oregon (another >$100k+) working out of his basement between puffs as well.
there's only been one "wave" so far of location strategy notifications.
second wave coming soon, bigger than first one.
This will take until end of 2025 to have all the waves completed.
Keep in mind that once someone is notified that they are impacted, if they say they are going to relocate they have a year to do it.
It will take time but they will all be gone eventually
Not true. Plenty in marketing have been given the ultimatum to relocate out take a package. Maybe not everyone, but this stuff happens in waves and we haven't seen the last wave yet.
Every market that isn't NYC is going to get Fd eventually. Being in Charlotte or Chandler just means you'll be among the last to go.
If you are remote, they will get to you at some point. There will be very few exceptions from what I am hearing, at least in CIB. I’m hearing even execs are going to have to move or retire (or leave). We have people in Florida, senior people, and no hubs or speciality markets there. Same story in a handful of different states.
Go apply in this areas then? Not every group has the same location strategy and there will always be exceptions.
There's exceptions to every rule, but just because they have survived thus far doesn't mean they won't be hit by the next round.