Meetings were scheduled. Any insight into what was communicated?
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Heard that GIU got hit hard. Directors and some SVPs gone, other SVPs realigned to random teams, direct reports scattered. They dismantled the whole team.
Tampa AML going through huge structural changes/layoffs this week. It has not been pretty.
AML is anti money laundering
What is AML
Aml was hit pretty hard. Entire teams were let go of. If you were part of that lay off, you should have been notified some time today
IPB KYC leadership had a meeting with(Makers and Checkers, IBAML, Risk and Controls and QA) all were told changes happened and people had been notified already. If you were present in the call basically “you are safe”
Morale is on the floor.