If you are still there, get out now. There is NO job security at USB. They overspent and now must cut expenses fast. More rounds of non-performance based layoffs are likely to come.
The culture is also going fast. Have plan B ready.
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They are laying off and spending money in other areas unwisely. They are trying to "modernize" their infrastructure but there are failures all over - no stability anymore. They are taking tried and true systems and trying to replace them when they could stay on what they have, have reliability, back-up and spend a LOT less money. I know of one instance where they want to onboard a product - current system $500,000 - modernized system $18,000,000 at a minimum. Ridiculous
Is this based on anything other than rumor or have you heard something concrete.
A lot of us would if there was anywhere to go. The job market is in the toilet and it's the worst time of year to try to find a new job. End of year cost freezes and all. Hopefully those getting canned in the next round at least get severance to carry them through.
It sounds like there’s a big round coming in November. Be ready!