All these promises of layoffs and RIF but we still have a thick layer of useless middle management and red tape. Eliminate the useless multiple layers of management and save the company tons of $$$ and the work will move more efficiently.
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@OP Ever think we just need a total refresh or leaders and managers? Apparently the way we have been doing stuff, especially in TOS, has not been working. We are a joke compared to our peers. Remember the definition of insanity? Well that is our leaders. No thinking out of the box, just check the box.
Exactly. Managers used to understand the work and support their teams. Now they just act as go-betweens for consultants, who are somehow both running the company and billing millions to tell us how to do jobs they’ve never done. Meanwhile, we’re stuck filling out pointless spreadsheets to justify our existence to people who don’t even get what we do.
"When I started at the bank, my managers had actual experience and respect for their directs. Now, my manager has no idea how to do the job I do and all he does is make me fill out stupid spreadsheets so he can try to communicate what we’re doing to his managers."
+1 All my manager can do is call for a meeting and throw in the usual cringe phrases of motivation at best and yell at people at worst. Zero capability to handle my job. But such "managers" and "directors" have convinced themselves they do not need to know about it and just get by in the office playing politics. It IS a race to the bottom, folks!
Head of reputation risk and that team is a waste of money as regulators have eliminated the reputation risk stripe.
I can't believe Toxic T took over another team. What was leadership and HR thinking... be warned...nobody can last reporting to her for more than 2 years!
When I started at the bank, my managers had actual experience and respect for their directs. Now, my manager has no idea how to do the job I do and all he does is make me fill out stupid spreadsheets so he can try to communicate what we’re doing to his managers.
….. ops, data entry, etc. teams… high level people at the bank who dk wtf teams do, managing folks in ireland who know nothing bout US ops, managing euro people who knowless.all mostly WFH …… chek the IT chart lmfao.infac have a look at the Euro org for a laugh and c who it all rolls up to
@ef those are all good points. On top of that regulators make banks hire people for unnecessary compliance roles kind of like a mafia company shake down where the mob gets associates no show jobs. So this also is a drag on the company. McKinsey needs to get indicted under RICO.
This is modern day conquest (due to the failure of regulators). TOS has been raided by an ethnicity that hires themselves and outsource work to their buddies for kickbacks. Risk has been raided ex-BOA managers that hire themselves and outsource work to their buddies for kickbacks. Operations/admin has been raided by ex-MBB that hire themselves and outsource work to their buddies for kickbacks.
Kind of incredible to live it.
Start with North Carolina, all the BOA staff that failed up and moved over together with that excellent leader that was helming risk over at Silicon Valley when it shuttered. Yeah, that’s USB leadership at its finest.
There are far more Manager's than there needs to be. Most could care less about the proper way to get the job done. They just dictate what they have no clue how it works. Then layoff worker bee's and wonder why the employee's left behind are doing good double and triple the work. And what do they get, more work, crummy raises and absolutely no recognition for busting their butt doing the work of 2 or 3 people.
I was on an all hands quarterly call the other day and I hovered over many of the upper managers who spoke during the meeting. Guess what their status was? Home based. We all have to be in the office but they don’t. Seems fair.
We have a middle management dope in our area who believes a spreadsheet can solve every possible problem.
They need to cut remote managers of managers. If you’re making that much money, your butt belongs in the office compared to us peons.
Can’t speak for other areas but most senior people in risk have the sole qualification of “been here a long time” which isn’t exactly inspiring for those who want to move up. Peter principle at its finest!
@b7 earlier this year I told my senior leader to sever me from the company. I knew a round of layoffs were coming in the next 6 weeks and I asked if they could give me a severance package so I could leave and never look back at this tire fire.
anyone ever heard of a voluntary layoff anywhere in the company? for managers or IC's? tired of this dump.
I work for a manager who has a large experienced marketing team, and he/she has no experience in marketing — they’ve just been here a while. 😂 None of us on the team have any idea what this person does all day.
"director of fun" title for a Risk & compliance manager at a bank? Yikes!
We literally have a manager in compliance and risk with zero experience in either and does administrative nonsense and self proclaims themselves a "director of fun" ....make that make sense! Nothing our management provides is any use to what our work requires from us. Let's pay this goof close to $200,000 to add Clipart to a SharePoint. 👌
The disconnect between leadership and the people actually doing the work here is unreal. In my career, it’s been rare to report to someone who’s never done the job themselves, but since joining this company, I’ve had five different leaders assigned to roles they’ve never actually worked in.
They give orders without understanding what it really takes to get the job done. It’s all direction, no insight... and it shows.
Millions could be saved with the elimination of useless levels. Bring upper management closer to the actual working. The official meeting attendees who add absolutely nothing to any situation will never be missed. These completely useless dopes have been stealing a paycheck for years.
It is wild to me that they constantly eliminate the worker bees… 🐝
Who will they manage? And I have seen worker bees work being credited to those useless managers who build their careers on the backs of their bees.
Start with Heather Kesner and Dee O'Dell. Oh and throw Sekou in there for good measure... I am sure he's groped a few people today alone.