25% cut in the US (Non Indianemployees) 20% headcount increase in I&P especially I.
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Goodbye wish to the BCM and so called compliance folks that wrap green around the red. Throw in the ORM teams that republish their work. Losers all around.
Really hope I get picked. The people left behind are the ones who get sc--wed because they have to do all the work.
@ct It doesn't matter to executive management. They see a smaller number on the correct side of the spreadsheet and a less small number on the other side, it's still a win.
I'd really love to see the numbers... how much $ is saved when taking into account:
- Differences in working hours causing delays from India (or US)
- Chaos / confusion from onboarding 1000s of newbies
- The lack of skill from said newbies
- Cost of all the recruitment
- Severance expenses
- Ramped up HR teams for handle all this $hit
Why should we be surprised? After all, Vivek has told the entire world: Americans are stupid. Holly cow!!!
In every town hall they start with recognizing the long-time employee anniversaries - 10 years, 20 years, 30 years. Due to all of the new leaders from JP Morgan, BNY, etc. and their massive cuts, 5 years will be considered an old timer within a few years. Then they'll be doing massive hiring again, but this time in India. Quality will suffer, but the exec will be long gone with their golden parachute.