Several CL delivery resources were displaced today - Senior Project Mgr & Lead Project Mgr. All in Hub locations.
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Hubs are the biggest target because there are abundance of better resources at other banks there to poach from.
there are two types of layoffs,location strategy and efficiency. the efficiency layoffs do not discriminate on location.
Awful, those teams were already terribly overloaded, and they let some great people go.
Lost a lot of friends toda. Wishing them the best!!! Many strong performers. Can’t imagine the criteria of who was chosen.
What? Hub downsizing? Never heard of such a thing! I've been telling you guys for years now. The only purpose of hubs is to downsize people. No no, that's just the remotes, they said. No no, that's just the markets WF is exiting they said. No no, it's just a location strategy, they said. Well, here we are, my friends. Hub downsizing will probably be the majority from here until it's just execs, sales people, and I&P.