AC promised comments on Wednesday...anyone have any predictions? On layoffs or the quarterly report? With a bad report I could see AC immediately begin swinging the axe...what departments will be in his crosshairs?
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Operations Risk in Clements world just destroyed a bunch of peoples lives.
I work with Ncino and it's painfully obvious that everything that system is designed to do is to minimize the workforce long term.
The lucky part is the system su-ks and probably will take a few years to get up and running smoothly but yes Portfolio Management is def at risk the more Ncino is integrated.
Have you heard directly that Portfolio Management will be outsourced? That’s the first I’m hearing of that.
Andy will be leaving soon too. He made his money
When nCino is up and running smoothly? So our jobs are safe!
Hello!!! USB does not need a earnings report to do layoffs, the Bank has been laying off across the board since 2020 or before and after the Union Bank merger. Reductions of FTEs especially w/ pensions is on-going from SVPs, Managers down to operations. Stay tune.Once nCino is fully running smoothly across business lines , Portfolio Manangers and Financial spreading are to be outsource next to India and the Philippines .
I heard through the grapevine that there will be layoffs in my line of business on 10/16.
Time will tell.