Pls share at least which depts are already in the clear. Not all of us are close to the center of events. In any case, godspeed to those affected, and good luck to the rest of us who may still be. I hope the info that all will be over today is correct.
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@ufs+1v1WBK9e EFCC on the west coast all part of layoffs today
Heard the same
TM in Business Banking looks to have been hit. Looks like 4 TMSAs and maybe 2-3 TMPCs.
Several people in TOS told me their groups have calls schedule at the end of the workday Wednesday.
EFCC on the west coast all part of layoffs today
Listen to the earnings call this morning. Andy says no mergers, big or small, in the near future. Grow organically.
What groups in CBB Risk? Or any idea how large of an impact?
@koe+1v1WBK9e
That is what an EVP said could be a consideration as well as trying to increase share price
CBB Risk had hits. I am one of them after 18 years.
Commercial real estate layoffs have been done and new structure has been announced.
theory:
Based on the number of layoffs across business lines. USB is fixi’n another M&A in the near future. Perhaps with another regional lender?
Commercial just dropped announcements. CRE and Corporate are on the way