Hearing the 27th, but not hearing what groups will be impacted; supposed to be "a deep cut". Anyone hearing similar or maybe what groups will be impacted?
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The only way revenue will increase is by cutting! So if you are not liked you will be cut and make your manager happy and look good all at the same time, what a win!
Any idea which department ?
Maybe they are laying of the many managers who falsly report managing folks they really do not manage. All so that their postition can be "justified". So many managers only manage 1 or two resources but on paper actually manage the magic number 5 o r 8 now whatever it may be just to keep them an SVP, or manager with inflated unearned payr rate. Or even better the, managers who have vendors on their list of resources managed. Their is no responsibility there. They never even have talked with them. It is robbery through cronism here what it happening at the bank in tech group specifically. Executives that allowed this should be embarrashed to say the least.