My ED flew in from SAT to our PHX location, which feels ominous. Most Director and Lead meetings are suddenly canceled—never a good sign. Something is definitely brewing, and it doesn’t look promising. Layoffs might be on the horizon.
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Layoffs did happen on Tuesday in Bank Risk
I am in ECIO/CTXO. We had few peps let go in our division today
While I don't doubt that more layoffs are brewing, this particular instance may be a red herring. I wouldn't read too much into this, personally. Unless you have more details and are willing to share, an executive traveling from Office A to Office B and some meetings getting cancelled doesn't sound all that ominous.
Again, more layoffs are 100% coming. I just don't think some executive travel and cancelled meetings is necessarily the harbinger of that.
Not a peep - pretty sure this is unaccurate speculation only.
Executives fly to regional offices all the time. I wouldn’t make much of that.
My hunch is there won’t be anymore layoffs this quarter. However, I do believe we’ll have at least 2 more rounds of layoffs this year, my guess would be Q2 & Q3.
Remember the bank cannot offer new products to members, unless the caller specifically ask for the product. What’s the best way to save money, layoffs.
I don’t know about that. Still possible it could happen, but meetings in my area went on like clockwork. Not one little black rain cloud was floating around. I guess we’ll see you in a couple of days.