Thread regarding T. Rowe Price Group Inc. layoffs

@122 don’t know if we should laugh or be shocked with your bigoted comments. There is a reason discrimination on the basis of race, age, s-xual orientation, and national origin are illegal.

Makes me sad that decent people have to share the same space as you. I hope you’re not on my floor. And no I’m not old. I’m just not a bigot.

@122 The fact that you say a young AI-savvy person is hilarious. AI is not the answer to everything. Immaturity for sure.

@122 A lot of these “young” people have no life experience, learned experience or years of experience at all so again I would think before you say something d-mb. Same could be said about hiring a man vs a woman…not just about race there are various kinds of discrimination in this world. Hire the person that can do the job despite s-xual preference race, gender, age etc. Your comments show your immaturity.

Being young has real value, in my view. Someone young who can’t do much yet is still better off than someone who’s just gotten old without building any capability. And this has nothing to do with racial discrimination — aging happens equally to everyone. Senior employees tend to earn more, and if they can’t deliver value that justifies their pay, it makes sense to let them go. Shareholders would welcome it too. Companies have hired too many ineffective managers — fire them, and use that budget to hire two AI-savvy younger people instead. That’s the better deal.

@104 When you add the word “young” in there you are discriminating and sound ridiculous. That’s no different than saying “black”…how about just smart people that are capable of getting the job done. Think before you speak.

Hiring managers gives them a sense of security, I suppose. They should really be hiring young, talented, smart people — but since the only ones left are too incompetent to properly evaluate talent or intelligence, they just bring in these surface-level managers who have years of experience but haven't actually done anything. Then they sit back and think 'surely they'll figure something out' and feel reassured.

@xa Yes - I don't understand why they arrange phone calls where they require X people to join, but they are only planning subset Y to be laid off. "Some of you will receive a meeting invite that means you are affected". What a sh**ty thing to do to people. It is incredibly stressful and nerve-racking. No matter which way that call goes for you, how are you supposed to have a productive work day after that? I think you are right - they want people to get scared and quit before the next round. It was my experience that I was forced to join one of those calls twice and the second time I was "affected".

It is puzzling, they are still hiring managerial types, including our area, and we're being let go. Presuming Accenture has some sort of reporting chain on their end, what will all of these T Rowe managers do? So you'll have one guy manage one guy who manages 5 workers and oversees Accenture people, but won't have to do performance reviews or any other manager work for them. Too many queens and not enough bees.

Don't lay people off in small waves—just do it all at once. There are still plenty of useless managers around who only care about office politics. They're worried they might be next, so they're pulling borderline harassment on the weaker people around them to push them into quitting on their own. Just to make their own seat a little safer. This kind of thing has to be done all at once, or it just doesn't work.

@b1 not sure anyone there understands asset management. Would explain why the company has tanked.

@b2 I didn't use AI to locate this: https://www.accenture.com/us-en/industries/capital-markets/wealth-management

You know, it may be time for a change from the current employees who have made poor decisions which led to years of outflows. I bet Accenture would knock it out of the park! I bet if people on the business end of things got canned, and these super talented experts took over T Rowe could turn around? I bet the first step is to move their IT people in to get systems set up the way their wealth management geniuses prefer, and then they can try to save this place from where the current staff have made the ship run aground!

Accenture Forever! 🤣❤️

It’s all because of Trump and this insane financial market.

@b2 You sound like one of those pricks that walks around in a suit and has a condescending attitude. Well HR wants you to use AI for many things. There are ton on jobs that AI can take over not just tech. So wake up id--t.

@OP IT dude using AI to find a Q to an A. No surprises. No wonder IT jobs are getting outsourced.

You obviously don’t understand asset management. Stay in your IT lane and get picked up by outsourcing and AI.

@aa Long-tenured folks at TRP have been sheltered from the realities of corporate attitudes towards their employees. TRP is finally catching up - out of necessity - with the rest of corporate America.

Yep, it really shows what a toxic cesspool this firm is when people come to a message board related to layoffs, and make fun of the people affected the most. I worked very hard for decades earning degrees, IT certifications, expressing the will and ability to learn new things and take on extra work. Now I am an "over 40" in a terrible IT market with AI looming. Instead of compassion, or simply leaving us alone, we get hate. While I have wanted to exit this toxic waste dump for a while now, having to rustle up another job fast under these circumstances is not ideal.

And no - I don't agree with anyone's jobs being offshored, but the hard reality is not only is everyone replaceable, we have hit a milestone where there are greed has overtaken any sort of moral code. It shows that "Ethics" class they made us take year after year was total BS. Imagine what would happen to our city, state, or country if every company did this.

@OP Yup these arrogant non-tech id--ts can get ready to come down from their high horses. I am not in tech either but work with some cocky people that think they know it all. Wait until your job is gone and see who has the last laugh.