Brokerage, Wealth, WI, PI are all under WEALTH as a BU.
Back in 2024, they split Wealth into Personal investing (PI) and Workplace Investing (WI) that had some impact and layoffs.
But the move did not make sense long term and hence with Emerson's and Bob's move Brokerage, PI, WI are again considered "Wealth" as a one BU and there's push to consolidate operations that do similar work.
With that, there will be obviously some redundancies that will be introduced.
Some slackers who have been coasting for years, will be exposed along with managers pets and those managers who are responsible for encouraging these pets.
Majority of these "pet owners" tend to be CL and GCLs, not just in Wealth but across company.
What's unfortunate is that there are some chapter leads who got "lucky" and are now "Engineering leads" but still promote favouritism.
It all stems from their own insecurity, they downplay achievements of high performer pushing them to deal with all sorts of stress, anxiety and uncertainty.
They will talk big game in the face but seriously lack basic documentation skills.