Executive shifts, changing operating models, reorgs and yes, layoffs. Let's see how the dice falls, I expect 2019 to bring many layoffs as we pivot and try to adjust to the changing industry and changing client preferences. After 19 years at Boston Private I can say that the company changed quite a bit and that we lost some allure that attracted both high quality employees and clients.
Things change. Fasten your seatbelts.
It’s too late to pivot. The new senior management team does not have the skills, talent, background or knowledge to manage or turnaround a financial organization that is not performing. Employees have little or no confidence in the current strategy to increase revenue -desperate employee sales incentives , new marketing brochures, television commercials and the faux ditigal strategy being driven by a group of ego maniac insiders - the ultimate in the WhY of Boston Private.
And now the layoffs begin- point your political finger and it’s magic -no more employees that ask hard questions.