Cannot say more, but some teams in Risk are being considered for cuts. Target looks like around at least 20 percent of teams in high-cost locations should be gone by EoY. This would be either through relocation to cheaper place or redundancy.
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What good, use or how helpful is it to say "Cuts in Risk (or whatever department), but I can't say more else I could out myself." ! You may as well Not post at all. Save your time, effort and other people's anxieties.
Every team within Risk has hundreds if not thousands of employees.
You could say, ERM and/or multiple teams for example and No one would guess who you are.
That's like saying layoffs happening in Investment Bank. Again there are thousands of employees in IB.
You're not special enough to reveal yourself, risk is huge big dog
Choo choo, full steam ahead to the next consent order event! If you ever saw the movie margin call, they cut the risk guys right before the big fire sale too. History repeats itself
@bd yes, it matters. Who the heck is Risk? Say Enterprise Risk, ORM, ICRM, or whatever it is. Risk means nothing outside of a particular team.
Irving Texas is also considered a high cost location in case people don’t know
OP here - I cannot say more otherwise I will reveal myself. Does it matter which part of Risk? Do you think if it is already happening in one part of risk it would not happen in another? If you do, then you are living in a fantasy world.
Risk has had a location strategy for the last couple of years so this is not surprising. They have more people than seats in places like NY
What parts of risk? Risk is huge