Does anyone know if there will be any layoffs in RM&C next week? Everyone is stretched thin as is.
22 replies (most recent on top)
@10j Investigations is currently understaffed and inventory is out of control. I’m not sure they could possibly trim any more.
By now, our senior leaders know what the quarterly numbers look like and I’m sure they are awful across the board. That gives them no choice but to execute the plan of cutting thousands of workers ahead of the earnings call so they can say they are taking action. Be well out there everyone, and god bless each and every one of you.
Hopefully I get the flu or COVID and can just miss this coming week.
Last year they axed numerous people in fraud investigations. Wondering if that will happen again this year.
Approvers? Who is watching anyways? Our main regulator parties with Jodi.
@sn
I highly doubt any approvers will be let go. That would be stupid.
@r7 Grow up. If you want to act like a child in 6th grade, go somewhere else. You don't belong here.
Team Kirlin for sure and likely the other ECOs.
CRM = credit risk management
@pt what is CRM? Do you mean RM&C or is that different?
Do you know which teams? And are they choosing people based on performance, remote work, or ?
Oh yeah, the axe is coming for CRM middle of next week. Expecting teams to be cut in half.
It seems like you could cut 75% of risk and close to 100% of audit and nobody would notice. The risk people get pushed around by the business lines like never before so what really is their purpose, other than trying to talk tough? Risk people, you know who has the real power, right?
Contractors are cheap and you don’t have to pay their insurance for the mental health stuff.
@ek if they’re hiring contractors it’s because they are going to be replacing the rest of you
Dunno guys but I think risk was bloated and is being set right. Layoffs aren't good but this one is warranted.
@b over staffed in which area of RM&C. Our department is so underwater they keep hiring contractors, in which more than half can’t even keep up.
I have a team of 8 people, and half of them show “Open to Work” on LinkedIn. They see the writing on the wall.
@a1 how are there not any risks anymore? Please tell us that you don’t see how many things we outsource to third parties.
Are you kidding me we are so over staffed it’s laughable and still we keep hiring! What a joke.
Sounds like yes. Another red October?
@a1 She lives under a rock always saying “not aware of problems” so definitely agree on what can go wrong… sigh…
There aren’t any risks anymore and our chief of risk is close personal friends with our regulators, what could go wrong?