Win win for both parties.
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This is another flatten the organization exercise. There are a lot of directors and managers with no direct reports so you might see some of those people gone. But they are really pushing AI and found opportunities to get rid of entire groups. Tomorrow is going to be a rough one.
@e6 They are starting to or at least have in a few positions already. Friday, May 15th will most likely show some reorganizing in some departments. Good chance if layoffs management will get hit the hardest, which it should.
Because a lot of the middle managers are "Spalding" types who have never had a real job in their lives and don't really care about the well-being of their employees. Or there are some real weaselly managers who landed/lucked into management positions at the GSEs after the housing crisis. These managers came from other failed institutions such as World Savings. Many of these managers have the mentality of a used car salesman or maybe even worse. So don't expect them to stand up for anyone below them in the hierarchy. They really should clean house with middle management, that's where most of the corruption lies.