JT… "we've spent an incredible amount of effort this year working the year-over-year expense growth rates down. And you go back to 2022 and printing a 9% growth. Coming into this year, we knew we had to do better than that, and we've been grinding that down each quarter, quarter after quarter. ..
We first tackled it with working hard on labor. And you can see that's the biggest cost that we have. So we have to get that right. Headcount is down…and expecting to have that growth rate be lower next year than it has historically…
And so we think we can have another year next year that's similar to what we did in this year, which is to work that -- could continue to work that year-over-year growth rate down."
Despite 5 quarters of layoffs the ROE fell 4%. Maybe NT is cutting the wrong people?