That's the official termination date for people cut back in March. So is this a mix-up, or is another round really coming that soon? More layoffs are inevitable, I just want to know if another bloodbath is right around the corner.
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@bj weird, if you were to ask me, it is the unrealistic expectations PMs and RMs set.
@af employees are being asked to update their skills on Workday. This may be for the upcoming lay offs, perhaps they will sort by skill sets. No one ever seems to know the criteria.
@cw I wasn’t drawing a parallel to March. I was simply sharing my perspective based on what I heard. If others see similarities, that’s their interpretation, not the point I was making.
@af Basically you drew a parallel with what happened in March. So much so that even the dates align 🙄
they should layoff all the incompetent IT programmers because they are awful. They ruin all relationships recordkeepers have with their clients becuase the IT is filled with errors, glitches, mistakes. Internal Controls are severly lacking. Their Defined Benefit and Defined Contributions teams are a bunch of clowns and have cost us millions. You can go out and call me a troll but it is the god's honest truth
Company c-suite is a joke
@ak My perspective is limited to my own function, and I don’t have visibility into all functions across the organization, including Capital Markets, Banking, CTO, CX, and other areas.
@af Is this across Capital Markets and Banking? Where are you seeing highest concentration of potential RIFs? PS, CIO, CX?
Today, we held a working session with TPO to identify potential role eliminations. The initiative is focused on delivering cost savings and strengthening investor confidence in operating expense management. Current expectations are that the stock price may decline into the 30s over the next 48 hours.
Employee notifications are tentatively planned for 6/23, pending final review of the proposed workforce reductions and assessment of any WARN Act implications.
@a7 give us bit more details if you can
There are leadership meetings here in Jax this week. Yes, the June RIF looks real, but likely around and between 17 and 24 June. I have not heard anything about the teams that may be affected, though.
Bloodbath