What would happen next?
- No Layoff?
- More Layoff?
- everything remain the same?
- Outsourcing increases even more on tech side?
- More money coming on business side?
9 replies (most recent on top)
The coil spring broke and the headwinds died down. The EC will always look to place blame on everything but themselves. They are incompetent and live in another reality that is far from the truth.
'@1bcq+1uAOrFkf. Boy oh boy did you hit the nail on the head - I remember hearing 5 years ago about the headwinds - that is always their excuse. Not the fact that they have ALM, Treasurer and finance bots making bad decisions and investing in things they should when Net Interest Revenue drops - the group mentioned above send the recommendations to to CFO and then CEO and on to boards - nit wits
We had headwinds when the rates decreased. We sure as F had headwinds when the rates increased. Now that they are decreasing again, you guessed it, more headwinds. Bottom line, our executives will always look to cast blame instead of looking at their bad decisions.
Like Walt always says, "a coiled spring is right twice a day."
The Fed hasn’t made such big cuts in years. We were not prepared!!
The springed coil will save us! Oh wait that was the line when rates were rising
I think it's just a war of attrition. Right now, they have lowered the number of contractors. I have not heard anything about a layoff, and I am pretty high up. With the hiring freeze continuing, the net result is anyone who quits is just never replaced. I honestly dont think they ever will be at this point.
If we do ever back fill, it will likely be with offshore resources.
Offshore hiring
Big layoffs become more difficult with lower rates. Reflects poorly on the business and not the economy.
However, there is likely another large layoff this year and possibly next. We lose revenue with lower rates, so things are worse there.
Outsourcing continues. Quiet quitting continues. Beatings continue.