Topics regarding layoffs at Associated Banc-Corp.

Topics regarding layoffs at Associated Banc-Corp.

Operations and Technology Layoffs

About a third of IT staff were let go in mid-April to bring in TCS for resource management. Management insists it’s not about cutting costs, but no one’s convinced.

Layoffs Coming

Hearing a small round coming. Largely out of HQ- more mortgage but others as well.

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Post ID: @OP+1lVyHHWw

25% cut in mortgage

We were just informed of a 25% cut in back office mortgage positions. No sales positions affected at this time.

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Post ID: @OP+1igkHozg

RIF coming on 9/14/20

Several colleagues will be separated on 9/14 ahead of the 9/17 deadline for those offered voluntary retirement packages. Not sure of percentage of exact number. Large budget cuts will follow as interest rates stay near 0 at the federal level until... — read more 

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| 1470 views | | 1 reply (October 30, 2020)
Post ID: @OP+16JKbDiq

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