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.
Came across this post while scrolling through our board to check if there’s new info on layoffs (@1ysh+1vi9sKtd). Bumping it up for visibility.