Thread regarding PNC layoffs

@c8 you clearly don't understand the impact here. I have been a remote WFH employee for 15 of my 21 years. Do you even understand the impact to employee budgets? Now having to drive to work (mileage, gas, wear/tear on vehicle), parking, wardrobe, child or elder care, not to mention being taxed differently - all without receiving an increase in already below average income. And, if lucky may receive a 2% increase we are told we should be happy with - just for doing your job and working additional hours...which clearly doesn't keep up with the inflation that the orange created.

God. I left another company partly due to the return to office, and that was only hybrid. I just started here a few months ago, assuming this would be a remote/hybrid role and now finding out this is 5days/week. The most concerning/upsetting thing is that those who are not within a certain distance to an office are able to stay remote. I think they need to lose their jobs.

My whole team is remote - if I go into the office, I will be interacting with no one.
So I have to get the snow off my car, drop off my kid at school, drive 50 mins downtown (if I’m lucky), park, grab a shuttle. This will add about 2 hrs to my workday. Guess what - that’s a loss for them. Working remotely now I can clock in at 8 and stay on later. Moving forward I probably won’t be in the office any more than 6.5-7 hrs.

I guess that’s what they want. Less productivity???

PNC Su-ks and Bill D needs to retire as he needs to get with the times and what a ja----s

It's already out. Happened at 9:06am. Has a table detailing how it will roll out based on how you were hired but doesn't list full remote as an option even though there were people who were hired that way. Doing a lot of hand waving pretending things don't exist, including people working remote before the pandemic.

@h5 heard the email is expected at 10am EST

@h1 may I inquire what kind of job and what other bank / institution ? Im looking to apply elsewhere also.

I heard the announcement is being released to everyone tomorrow. (Wednesday)

@fg if there haven’t been, it’s gonna happen. We are talking massive amounts. Especially in tech. Everyone I spoke with is extremely upset because they are going to be asked to work after they are off the clock if there are system outages and everyone is saying they won’t be available. I’m seriously worried for my manager. Not sure how he’s gonna do it if no one will make themselves available.

@a7 all positions. Even if you have approval to wfh, it will be rescinded.

In my opinion, I don’t think executives realize just how bad this is going to be for PNC. It’s going to affect them in more ways that they can even imagine. I think it’s too late at this point. The damage has already started.

I was a 17 yr employee that left in December. Sr management response was, "shocker... good luck"... theybdont want to retain talent. 3 quotes management is actively using:
PNC gets what PNC wants, Get in line or get out, and do more with less.
Id like to know how this fits into the company culture lol. I now have a fully remote job with another bank & 45% raise. 17 yrs wasted on a culture that always identifies you as a number before a person. Everyone run while you can. Let the mew college grads make that whopping $37k a yr starting salary offered. They place is a joke.

@fn The info sent to managers said you can't hire anyone that isn't in an office. So if you are remote your career is over.

@c8 why wait until lunch to goon?

Been 3 days for a while in Pitts. An Executive told me today that it is five days no matter if you are remote now or not. They will force you to an office or find a spot if there isn't one and no exceptions. She also said they are trying to lower the bonuses except the higher up positions. Then she said after this settles she heard they are going to lay more people off. No idea the end game, but it's already half staffed in Tech, how can we afford to lose more people?

@f1 Can you elaborate more on this? Were there some essential people that resigned due to the RTO mandates?

This has been absolutely hilarious to see go down. The FirstBank merger is absolutely DOA now. We've already lost essential folks needed for the merger as well as their backups and their backups backup. We simply don't have the knowledge base anymore to make it happen. All in less than 24 hours.

@ea True. Just wait until you see your cost-of-living increase this year. Doesn’t even keep up with inflation… then add all of the additional costs you mentioned…

@c8 I think we found little billy or one of his cronies. gfys. this is all about control. There is no reason in the world that a full 5 day in office, no exceptions, for every employee mandate needs to be made. Much less so quickly AND during a bank merger. With all the money baby billy dimon is making he just wants more. mgmt likes to make it about collaboration and culture, but really they are just further ruining PNC's culture by forcing this on everyone. PNC already doesnt pay well and is now making everyone incur costs they werent before. PNC had a ton of remote workforce before covid and is now going back on all of that. A lot of people were hired as remote or worked as remote for years before all of this and they are told to go in.... for what? to make sad little billy happy to see people in his offices. The offices su-k! have you been to any of them? what is the incentive for anyone to come in? There is none! pay for parking, additional childcare, food, travel, vehicle maintenance, etc. PNC cant even bump pay a little to compensate when they are making billions each quarter.

@c9 it's probably d-mbchak. Lol he's so butt hurt that he can't get his subordinates to answer his calls on Friday afternoons. Maybe he should look in the mirror instead of crying and whining and taking his baby attitude out on the company. My four yr old doesn't whine as much as him.

@c8 which HR department are you apart of.

PNC is sending their own low paid bots to this post already lol.

WAAHHH - boohoo
Go into the office, dorks. Anyone complaining is just mad they won't be able to goon on their lunch break anymore

@a5 I hope you used some throat numbing spray before taking that whole boot in your mouth.

Unionize.
Unionize.
Unionize.
Unionize NOW!

@bj Oh my entire family and I already
moved to another bank. Told all my friends too.

what might get the attention of leadership would be if the workforce moved their deposits to another institution.

I’m updating my resume and applying else where. This is a big “f you” to me and my work.

And I’m sure others feel the same. I make too little to be treated this way. $50k a year is NOTHINGGGG and putting me in a cubicle just to be on teams meetings? No thanks :)

Working in the office makes perfect sense IF your team (direct or matrix/project team) is in that same office. That said, this is definitely a layoff avoidance strategy by executives. They are prohibited from severing any staff from the recently acquired bank (typically 2 year restriction), so look out BBVA folks!! If you are nearing retirement I’d recommend holding on because they will eventually have to do a severance plan; and it’s worth it! Otherwise stick it out until you can find other work.

@av it was sarcasm.

@a6 from what I heard is the RTO is expected to be May 4, 2026. Official communication will be coming this Wednesday via email.

@a5 work with the leadership we do?? The leadership dragging people back into the office, raising monthly out of pocket costs, disrupting lives? And for what? We’re harming the bank? Didn’t we just have a great year? How did that happen? Spare me your sycophantic jargon. This is just a power play by an out of touch boomer. By the way, how are things in HR? Gotta be stressful…

Yep. Fully remote teams are impacted. I’m on a team that was remote prior to covid, and team members are an hour+ away from PNC buildings. Many have never stepped foot in an office besides an annual team meeting. There’s 0 exceptions, we’re expected to be in person 5 days a week. This is a soft layoff. They’re hoping to get a lot of people to quit willingly so they don’t have to pay severance. They think copilot will replace the loss of productivity, lol. The people we lose first are going to be the best amongst us. Hard times ahead, folks. For everyone except our executives, that is. I’m sure they’ll be upping their bonuses by millions.

@a5 fyi that was sarcasm.

Are fully remote positions affected? Or just hybrid?

Can you share it here

What do you mean talent leave? We should all be grateful for our job and realize how blessed we are to work w the leadership we do.

Same. My advice - consider your loyalty to a company that doesn’t value yours or the value of your time. Vote with you feet. Leave and find the work life balance Bill just stripped from you. If you’re able, consider early retirement. You can always make more money. You can’t make more time. That’s what he is taking.