All these posts about 20 percent layoff because of AI and RTO, did I miss A meeting yesterday or an email? I see nothing on intranet or email
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This is what happens in companies with poor management as they circle the drain. RIFs become a yearly event.
@OP Its made up. shrug
How else are they going to maintain shareholder value and secure bonuses for the management committee? Just look at the quarterly report, sales are down, yet profits are somehow steady. How is that possible? By cutting jobs, their biggest cost. It’s clear the leadership has no real strategy for growing revenue in a competitive market. Their fee-based business is shrinking as other banks continue to eat into their share.
@OP Likely a higher up conversation. There may be an indefinite hiring freeze in some departments where no one getting any new employees due to AI. Please read between the opaque
Layoffs have nothing to do with RTO or AI. They have everything to do with managing expenses. Hiring is focused on hybrid but as a hiring and people manager, there has been zero push to target layoffs at remote workers.