Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance.
- Wealth head’s cryptic email and the news that never came even after months.
- Promotions and salary increase freezes because of the pending news
- Managers, directors, and VP’s were literally all clueless and left in the dark about any news and left to fend for themselves with questions and comments from associates.
- Rumors circulating about the increased number of days in office. VP’s receiving strong messaging to make sure their associates were adhering to connect week policies.
- Managers acted like everything was going to be okay and everyone’s narratives were all mixed and based on rumors
- Contracts were not renewed for a very large group of contractors
- Inner rumblings of turf wars happening between groups within wealth
- Wealth head and Abby were radio silent to the broader group of the org
- Heavy focus on how AI can ‘help’ associates lighten their load
- all hands meetings, syncs, and broad group meetings were out of nowhere canceled stating it would be rescheduled later.
- Meeting invite from my manager popped up late evening when we already had a scheduled 1-1 later that week.