With the news of the huge bank reorg last week, and the bank DPM’s being let go. With the upcoming June layoffs fast approaching (sad we have to find out on this site before the company says anything), I think most bank areas will be safe from that round. Now the August layoffs, bank will probably get slammed that go around and some APO’s will be let go, along with AML employees.
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Bank employee as in aml in erc?? Well sign me up illl do thst all day!!
That’s why most bank employees who make $90k and over, don’t mind if they get laid off, during that 60 day window, they’re still getting paid normally, then as Lebron put it, taking their talents to another company with a big fat check from USAA.
@2rto+1mOjKEwN
All bank employees get 12 months salary as part of their severance package. With the understanding that you have to wait a year to reapply, and if you reapply anytime during that 12 months, you pay back a portion of the severance.
In IT asset management areas most of the scrum masters and product owners (mostly contractors) let go on 05/26 due to the Decision made by new executive director Vivek Gupta brought in by Amala. He has no idea how this business is run and he will soon learn about teams that are not delivering anything.
Wait, 83k for severence?
I’m a bank employee, so I’ll take my severance of $83k and 401k payout of $220k, then go work at UPS, they have a union.
For the past & planned layoffs is there any data on remote vs. hybrid? Any word on how many laid off were able to secure new roles in the company before the last day of their eliminated job?
Please lay me off. The severance package is incredible. I couldn't be happier to be paid to look for new opportunities.
I filed an ethics complaint against WP for misconduct
What I don’t understand is how can Wayne get board approval for the EMG and above to receive special stipend bonuses for 2023 and 2024 while stating that we are reducing staff to save money. This is the same group who would not come to the Auditorium for his EMG meetings and would not RTO when he ordered them back. Now we worry about losing our jobs while the EMG receive bonuses for insubordination. Make sure you thank your EMG’s for the 4 day RTO. They would not obey the CEO so now we all pay the price.
more likely IMO is they start gutting the miscellaneous “business support” people that are everywhere once you get above the team level
that’s what DPMs were. And PPMs and all that stuff
I’d be surprised if more APOs were let go because they’re already stretched thin and they’re the ones directly managing the work
You’d have to start laying off lots of IT, which then reduces teams, which then reduces need for APOs
The bank isn’t safe. The cogs are already in motion.
And the “May” layoffs are still happening. As late as last Friday more people were let go. Worthless Wayne and his shady sidekick Tamla are strategically letting smaller numbers of people go in between the larger ones so that know one knows the full impact of the job cuts.