Yes team leads/managers created lists in latter part of 2024 of what positions can be moved. Doesn’t necessarily mean they’ll be moving, but is added to the overall option. It was a difficult list to create.
New high-level org charts and new job titles have been created and are making their rounds. Groups/teams that can be cut or reduced are on those new charts as well. So yes when management says they are still working on it they are lying.
CTC getting hit hard, which it should and hopefully most of the management is on the list. IT Platforms/product lines that do mainly operations are looking at 50-70% to reduction. Many will be moving to ENGiNE or tech centers but most are layed off
Cyber is pretty safe sans lower level analysts, CL is one of the few leaders actually fighting for his people.
Chapter model is pretty much gone with many getting moved to positions that will support the transition. If you aren’t technical and in Chapter, I’d be looking for another job within a year.
We know finance in some areas getting cut deep and HR might be as well. Not sure if any updated numbers are there.
Latest rumblings.
Putting this up for visibility. OP: @ca+1jjhcqm8p