Im guessing for both business/tech around 100k
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That's what team works says, but I question the accuracy of their numbers. I know of multiple groups that are listed as having a physical work location, but the entire team is remote anyway. Zero badge swipes. As always, there's exceptions. I just don't know how wide spread it is.
I am remote and wish for severance every week! C’mon hurry up
we currently have ~23,800 remote people across the entire bank
It's going to take them at least 2 years to fire/manage out the remote in market people.
nothing has been said about remote non-hub/out of market people.
The rumor is 75,000 all in by Feb 2025.
@ezx, that will only yield remote employees - not the ones who are RTO'ing but are not at a "go forward" location - they are on the chopping block as well. There are a lot of people in that second group.
And if you search by remote you'll get inflated numbers for that group because there are people who were mistakenly added as remote who are now being asked to RTO.
I think what some people may be missing in all of this is that location strategy isn't just about getting rid of remote people - it's also about getting rid of people in locations that aren't on a list for that LOB and there are a lot of people in that boat.
Advanced people search.
Location = remote
Yes. Truly 100k going to India after those not in a hub🤷🏻♀️it’s crazy, but they don’t give a f what you contribute you’re a done, that’s just it.
Remote, package.
Start looking if you’re not in a hub for real, that’s all I can do to help you out!
I’d say about 20-25k employees.
About 20%
@xuy, I believe it's higher than 25%. But I don't have actual numbers and maybe it varies across different LOB/groups - so maybe our LOB is an outlier. Within our LOB there are large pockets of people who did RTO, but they are not in a specialty location so they are on the chopping block. And there are some that are in a specialty location, but one of the orgs excluded most of the specialty locations as options for their group so they're on the chopping block as well (even though it looks like they wouldn't be.) Places like: Salt Lake City, St. Louis, Richmond, Chicago, Winston-Salem, Southern California, Boston, Philadelphia etc. all have people who will be effected.
I know of multiple teams within our org that will lose half or more of their people - some teams will lose over 75%.
Leadership seems to want people to think it's not that many people and purposefully perpetuate that belief when they say things like "most employees are in hubs." It doesn't sound bad that way, but "most" can mean anything over 50%. Or they say look at this long list of sites were people can work - most people are going to be okay. And then that's not the real list they're actually going by. But darn if it doesn't look good at first glance.
Wow! Some people will just make up anything to fit their delusion. Many LOBs have been forthcoming with their actual numbers and if extrapolated across the bank they sum up to be nowhere near OP’s guess.
Not even close. At this point maybe 25% at best