Thread regarding PNC layoffs

Last day of flexibility

A sad day today. Fellow coworkers I’ve known for years are calling it quits today because of poor leadership, terrible pay, extremely sub-par raises and a crushing economy. But the real nail in the coffin, an expensive and pointless RTO5 policy. Three months ago you waved your executive power wand and declared RTO5 starts May 4. However the remaining people I will interact with on May 4 are still remote to me. We are separated by hundreds of miles, multiple states and time zones. And ya know what, we make it work. We’ve been able to accomplish so much because of the tools and technology the bank has implemented over the years. Pretty sure that is called moving with the times and adopting the digital world. We can reach each other quicker than we could take an elevator to the floor above us. But your boomer self is pushing an order that treats us like kids, ki-ls our production, adds lengthy commutes, increases our carbon footprint, eats our income and eliminates the work-life balance you touted for years. Why in the actual f*ck in the year 2026 are you forcing RTO5 when there is a perfectly viable option of remote work that has proven time and time again that it works. Let us not forget it not only works very well but it saved the company during the most unsettling unnerving unpredictable time of this century. You and all of your reports know a vast majority of these roles can be 100% remote. Plus 11 million customers can prove it too. Record profits ring a bell? Consistent dividend increases mean what? Bank acquisitions are just pointless side quests? ATH stock price is just a silly number?! So why are we going backwards? Are you trying to protect the real estate investment? Were you coerced by city mayors to bring employees into towns? Some of those towns being a dr-g and crime-ridden hellhole. Is there another double digit comp increase in the works if X-amount of employees swipe their badge? Did you over-hire during covid and now need to protect the bottom line so you subliminally utilize the consequences of not following an outrageous policy as your reasoning? Were you swindled into believing that a manager’s error was blamed on his/her team’s lack of collaboration? Did one person do wrong and you took the elementary school approach and punished everyone? Are you and the boomer executives unable to fathom the digital era? What is it? You’ve created a lose-lose-lose scenario. Talent is going out the door. Potential talent is applying elsewhere. People who try to grind it out are stuck holding the bag and getting reamed by the cost of commuting. Instead of trying to standout and provide a flexible workplace, you ruin it with a generic order full of buzzwords, no follow up, no guidance to management, no recorded message, no recorded video.........crickets. Just a pure power move because your friends in New York are doing it.

Nearly 21 years here and this is the first time I truly felt sorry for the people I recommended to this place for employment. I’m sorry we are facing this situation. To the younger folks a few years out of college, good luck this is brutal. Exiting folks that have other options lined-up, good for you. Now excuse me while I fill my tank for $130 because I got a lengthy commute Monday morning. Hopefully I am not late for standup.

P.S. Real professional hearing the upper management pi$s on us during the recent hands on meeting.


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| 2 views | | 9 replies (last May 2) | Reply
Post ID: @OP+1kqh5v38j

9 replies (most recent on top)

@e0 good quote. Add to it “the beatings will continue until morale improves”

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Post ID: @f2+1kqh5v38j

3-6 months from now someone will be asked why job postings are staying open, eNPS tanked, resignations continue, and T&E expenses (especially client lunches and the ol’ “mileage” entry) are rising. And the answer will include, “what did you THINK was going to happen?”

What a mess in the making.

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Post ID: @f1+1kqh5v38j

While you’re commuting on Monday, don’t forget that Bill makes 226 times that of a median employee salary (according to google). Certainly more once you factor in travel, security and kickbacks. He’ll be in the backseat of his Limo while you drop your kid off at daycare that costs more than a mortgage.

Most PNC employees are grossly underpaid and overworked. The one thing that has kept me (and obviously others) around was the work-life balance. That used to actually be sold as a benefit. It’s been awhile since I’ve seen that mentioned in any of the “values” though. Under-compensating us is a major source of company profits and Bill’s wealth. Remember it next time there’s a 4:30 fire drill. Remember it next time they want an overnight failover or patch testing. Remember it next time you’re asked to donate your money or time. We can show the board why keeping Bill is a mistake. Little by little. Be a problem. They can’t fire everyone if everyone is doing the same thing. Less productivity = less profit = less CEO overreach.

Nolite te ba----des carborundorum

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Post ID: @e0+1kqh5v38j

Bill has failed everyone and it is time for him to resign. He can’t expect the company to reach $1 trillion in assets - like he preached a few months ago - while absolutely sabotaging the lives of thousands of employees. But when you’re compensated tens of millions and get double digit increases you become oblivious to the world around you and the financial struggles many employees encounter. So basically everything is fine from his POV. #BillResign

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Post ID: @dt+1kqh5v38j

5 dollars a gallon and 25 dollar parking awaits you daily.

perhaps bill will all pick us up in one of his 1.5 mill dollar cars.
Just kidding he gets picked up by his security in a limo and dropped off at the door.

Thank goodness they handed out 0.* raises this year to exceeds all peoples.

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Post ID: @dk+1kqh5v38j

I quit a few months back... 17 yrs , and staying with the added commute would cost me money to continue to work there. Its not a pay raise to go in with a laptop you carry from home to sit on a meeting with someone out of state. Brilliantly Boring... for sure... insanity is doing the same things over and over expecting a different result... and thats what commuting in is. Get out if you can.

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Post ID: @dj+1kqh5v38j

From a financial point, i dont get it. Many employees who bank and invest with PNC are facing $5k-$10k or more in added expenses. Gas has hit an all time high, with no end in sight, which means the cost of living in general is going to sky rocket. Did they forget we are investors too? Did they forget that the balance in our savings accounts and our shares are used for leverage? Do you think I'll be able to save money in the bank? Nope. I was at least hopeful that maybe they'd show a little kindness given the economic situation with gas doubling since the announcement. But it doesn't seem that way. Instead they are moving full steam, laying people off. Sadly, this is a trend across all financial institutions. I have worked through 9/11, 2008, Covid, and now the great Iran blunder. Its just insane.

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Post ID: @d4+1kqh5v38j

It's very disappointing that PNC is taking such a hard stance ion this. I understand the return for workers that transitioned to remote due to COVID. COVID has passed, and it's time to reconsider a return to the office. But many of us have been remote workers for many years prior to COVID. We were hired as remote workers. It was why we accepted positions with PNC. It was a condition of our employment and lower salaries were accepted to accommodate remote working! It's disappointing that PNC does not consider exceptions for those of us in this position.

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Post ID: @cy+1kqh5v38j

mourning the work-life balance I once had

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Post ID: @cj+1kqh5v38j

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