Just rumors, or do we know it for a fact? I heard it from diff colleagues, but they don’t know anything for sure.
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Bank ARC project will start in September and all the old Fraud leaders were laid off.
So no layoffs in Fraud, but probably there will be when it’s over.
At some point we'll see a 10-20% across-the-board (w/ hand-picked exceptions) RIF (Reduction In Force), ie, layoff. This is based on my nose, not on any actual knowledge for sure. Just, looking at the financials for this co., I see it coming.
Maybe I'm just paranoid. But I've lived through stuff that looks a lot like the state we're in and it ended that way: ATB RIF.
ECIO have target to make the Seniors vs Junior ratios 40/60 so that is the strategic restructuring. Layoffs coming for Seniors and hiring fresh college grads on low pays
LR = Limited Restructuring = Layoff
There is always a geek somewhere who relishes in using stupid acronyms. Anyway, that's what it means.
The Bank ARC program is supposed to be complete the end of August so September would make sense if there’s going to be a domino effect with the reduction in processes.
What does LR mean?