Just my observation and it may not be true, but as far as I can tell any wave of layoffs hits the Pittsburgh office the hardest, that is, if we compare the layoff-number of employees ratio. Seriously, why are they doing this? If they want to close the Pittsburgh office why don’t they just get it over with. Does it have to be death by a thousand cuts?
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They need to get rid of HR and those sleazy recruiters.
1xtz: I too was let go this year from a NYC office. My situation mirrors yours. I was a long term well-paid employee. Up until last year, my reviews were always excellent. Then to my shock, I was rated BE mid-year. Often times I observed coworkers literally doing nothing at their desks, sleeping, and gossiping openly over the phone, or tweezing their eyebrows, but I was the only one on the team rated BE. I spent the next 6 months working even harder thinking that I could survive this nightmare. My family couldn’t believe it was happening either. My boss actually told me in November when we were doing our year-end reviews that I was back on track and that he would rate me “meets”. Then I got my review and it was still BE. Either he lied, or it was predetermined that I was to be let go, or both. I was let go in January. The whole situation was so f*#ked up and so dehumanizing. Needless to say, in retrospect, I’m glad I don’t work there anymore. I suffered a lot last year, but at least I’m not suffering now, unlike the poor slobs who remain there like sitting ducks waiting for their number to come up. In fact, last week they lost three more. Reality struck again.
@ZeUk3gp-1teu I agree with this reply, especially the New York part. I was laid off from the 240 Greenwich Office in 2019 after a lengthy tenure there. I fit their requirements for getting laid off. Good worker, excellent reviews, but getting up there in age and salary. The floor I worked on was full of lazy, overpaid individuals who mastered s---ing up to Executives when they were present, but scrolled the Internet, took several what they called coffee breaks throughout the day, came in whenever they felt like and left without what I'd say putting in a full, solid, productive day. I am not a Trump supporter, but to use his language, it is time to drain the swamp at that horrible office in New York. Trust me when I say I am not exaggerating. The fluff that works there would boggle the mind.
My team lost 2 of 30 this week, it doesn’t make sense to axe Pittsburgh, it’s a 1 on the salary scale, that being the cheapest. If you really want to cut costs you get rid of the investment management salaries in the 4 and 5’s . NYC, San Fran, etc. cuts like this aren’t about money but about rightsizing a merger.