Any news on what's supposedly coming?
11 replies (most recent on top)
They could probably reduce by 12K in one fail swoop by just offering a severance package to any taker.
Chainsaw Kedia on her way!
According to kyt
7/16/24 72,889 employees
7/17/25 69,453 employees
That's after job layoffs and new jobs added.
12k, 35k, 50k job cuts is laughable.
We are not going to be a bank with 20k or even 50k employees anytime soon.
Someone very high up in risk is ancient history.
Tech is never done until every position is off shored.
Tech already had some over the last few months, agree with others its operations next.
Rumors are Operations and Digital. Gunjan led WMIS and last year presided over RPS. McKinsey vet Tim Welsh already managed CBB into unprofitable territory.
I heard it will be at least 35,000 people maybe as many as 50,000. It's coming!!!
Wouldn't a WARN act notice have already been issued if this was legit? August is less than 60 days away
Don't spread FUD
12k jobs getting cut in one month is too extreme. This is believable if it were by the end of the year. The writing has been on the wall for remote employees since RTO was announced. Are they paying out prorated bonuses for laid off employees? I've heard mixed responses.
Operation “August Surprise” is about to kick off. They are looking to reduce head count especially those in WFH positions. Looking to cut 12000 plus jobs before Labor Day weekend. If we have not heard of the massive cuts by the 15th wait till the 16th….