Today, big layoffs were announced at Citibank & Morgan Stanley. USAA.....
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Perhaps
Headcount and especially higher paying leadership roles have already restructured. Director role needs a minimum of six direct reports and EMGs at least 5. This significantly reduces higher paying jobs and EMGs cannot randomly promote anymore to increase their span of control. Long story short, many areas are scrambling to satisfy this requirement especially those “Directors” with only one staff. There seems to be a grace period for now but more layoffs are coming (for leadership roles). If you are considering applying for a director’s role - don’t, especially if you are lead.
I would say end of April at the earliest - just say'n
USAA is a follower, so expect cuts coming early April.