There's been many past postings that indicated there's going to be one more round of layoffs the week ending 11/15, while I've seen a recent post where the Bank is done with layoffs for the year.
Which is it? Any HR anons or managers out there with any inside info?
I was told that layoffs will continue through EOY for rest of company if your BL has not been impacted yet.
I know the answer. Layoffs and staff reductions are ongoing. It’s never done. Don’t let anyone tell you otherwise. Soon they will be hiring because there aren’t enough people. Then more layoffs will happen as departments shrink and resources allocated to other areas.
Honestly the fact I may be laid off any day is the worst part of my job. It seems because I’m a good performer (2 years exceptional rating) and I’m willing to commit to the job that the employer should do the same. But nope.
But even contractors are getting cut early. We cannot rely on anything from our employer.
My coping mechanism is to do my best, keep my networks open for other jobs, and wait for U.S. Bank to pull the plug. This is the condition we are in and it’s not that different elsewhere in financial organizations.
People could be conflating the last work day off people laid off in Oct being 11/15 with Nov being the last round of layoffs. Who knows.
No one credible said layoffs are done for the rest of the year. Budgets are being worked on and cuts will happen before beginning of year. Anybody know how the system work and been here for a while know the show begins in November
Just always have a plan B! Always.
The bank is circling the drain. Layoffs will end when bankruptcy or a sale occurs.
The layoffs never end
I doubt whether anyone on here really knows company wide. They may know in whichever particular department or business line they work for.