How does an org claim to take the best of both pre-merged orgs, yet cut the best things/benefits each org offered?
- 401k- cut/decreased matching
- momentum-cut/decreaded
1ESPP (created post merger- restricted offering periods) - birthdays off-cut/eliminated
- WFH (even if hired remote or had the ability to WFH pre-covid- cut/eliminated)
- TPA award recipients (best of best teammates- demoted, RIF, or cut, less than 1 year after being rewarded)
- Insurance business (a cash cow- sold and cut)
- Best talent wealth of knowledge (encourage to take early retirement)
- End to end credit delivery system (cut to originate, book, and service loans on 17 different systems that DONT talk to each other or archive records- it’s on a shared drive)
- consistent doc repository systems (eliminated for shared drives)
- Career progression (non-existent, just make project teams, and loan teammates to departments to avoid creating needed positions, yup do 6 jobs for the price of one)
I see a pattern of gaslighting, deception, lack of accountability. Just go back to the drawing board, admit this is a failed merger, and build it up. Stop putting a bandaid on a fatal g-nshot wound.
We won’t cut our way into a higher stock price and teammate satisfaction.