Does anyone know how many employees were let go?

Why do you think it’s over? The language in the email makes it seam like more is coming.

Remember, there’s tons of remote jobs out there. Don’t let management gaslight you into believing there aren’t. Apply for those jobs. Then work them both until RTO. First day of RTO, Sayonara! You owe this company nothing. — read more 

We have a Director, and few 59's Managers and Lead laidoff. AST Save is messed up, The bad thing ones who was laid off are very good and talented folks! This is BS how they plan to layoff talent and let all projects run by PM's

Having survived a bunch of these I can honestly say there are no survivors. None. Let go, retained… it does not matter. Those who left have the stress of managing their identity, finances and career. Those remaining have the stress of lost... — read more 

Per the president we received an email that the difficult conversations that had to be had were behind us, whatever that means, i havent been on the layoff list but our manager was let go. Sad day, expected with these types of mergers.

Never really was employee and client centered company. 7 years wasted.

Looks like the layoff meteor has made impact with the schwamily… Anyone know what the total size of the impact crater was? (How many people were let go)

The all clear email came out. It's over. Massive reorg is next. We'll likely hear about Walt stepping down soon as well, with Rick being named his replacement.

I got the axe today. That’s fine. I was a bit surprised since my last performance review was an exceeds and I got a discretionary mid-year key contributor award. Oh well. Anyone else know how performance did or didn’t feature in selection criteria?... — read more 

Fortunate to have been spared. Only know of one person who got axed and I’m sorry to see him go. Should be paying us more instead of laying people off. Our department is basically the resource desk for the whole of investor services. Train your... — read more 

The language says that you are only eligible if: Active in the plan on 12/31 - which we are since termination date is 01/05 And employed on the annual payment date in March - here is the catch

If so, how did it go.

I'll go first. STS here, got axed today, accomplished software engineer with hands on trading experience, stocks, futures, options. When applying at CS I had offers paying much more, but noooo, I had to be a hero and change the world, right? Took me... — read more 

I got axed first thing this a.m. - Paying through 1/5/24, and then Severance and Cobra lumpsum at like 2 weeks per year of service

Does that mean I’m underpaid? So the underpaid will stay stuck doing all the work. Merry Xmas and Happy New Year to us.

My team was largely unaffected and only a couple of people I knew were affected. I work IT non-customer facing and my team is still in process of intermingling blue and former green side people into one team. I feel horrible for everyone let go. I... — read more 

I dont know which inverted pyramid did they refer to . 75 percent of folks I heard and see here are all the 59's and lower . Are we missing something here ?

5 branch network in region got the axe mix of IC / FC

Anyone hear any impact in core/PCS/SPWS? Feeling anxious

I am actually devastated, I would've volunteered to go frankly. Half my team, not me. Sigh, if you are getting the severance, merry late christmas to you and godspeed

What are the chances?

Was severance exactly as detailed in the myHR article?

I didn't think I was on the chopping block.

What in the world is the EC thinking? We lost some of the very best best best in UX today. They got the wrong people!

First time being laid off (it’s ok I knew it was coming.) My manager did the deed but told me to call hr for any questions. HR was about as clear as mud. Can anyone help me understand this. My warn period starts next week, my last day is a while out... — read more 

Were the people laid off on the blue side, originally from green? or were they legacy blue to begin with? seems like mixed signals in these threads about it I'm being told that the blue side that were laid off were originally from green as the goal... — read more 

Based on some reliable sources, all of the layoff communications for this year is completed. Around 2k was let go.

I had a meeting put on my calendar earlier in the morning with an MD, about 3 hrs before. It was a quick but good conversation. I’m still waiting on details in an email. Good luck everyone! I’m just relieved to know and can now focus my time on a job... — read more 

Was laid off this morning. Was expecting it but still a jolt. Last day is Jan 5th. Eligible for year end bonus. Severance paid after Jan 5th.

Affected are branch FCs as well I am hearing

So far all the folks I've seen let go have been legacy blue. Coincidence??

There was very little impact in the PIE org today and I'm wondering if it's done or if there may be more layoffs tomorrow or Wednesday.

I think** ... In teams, if a person's status is unknown, then they have received notice. Just a pattern I am seeing with people confirmed gone. I think it takes a few hours to propagate into teams but the pattern is consistent.

Show your support for your impacted team members and write a well-crafted and personalized review on their LinkedIn profiles. Focus on details of all the great things they did over the years, and send it without them asking. Do them a solid in their... — read more 

We’ve lost a lot of good people today… Some of these moves don’t make any sense to me, farewell emails from people I least suspected. I’m so sorry for all those impacted.

Does anyone know if fcs in the branches will be impacted? If so, any idea if it might be today or tomorrow?