Too many new young people hired. Also leadership from BB. Deposits and stock tanking. Update your resume. FEB will be baaaaad.
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Yes son, but I paid your way through college with no debt so that you could lear how to think, not learn how to sink.
Layoffs every quarter? There haven’t been quarterly Layoffs since Charle Scharf!!!!
The last one was way back in August of 2018. We did have one sub 1% January Layoff and HR was so out of practice that they could barely manage a 0.05% percent layoff.
With Charlie gone 5 years ago , 2 years of Todd with no layoffs and easy living why does the paranoia grow?
Quarterly layoffs? In what world?
If you were even close to correct then Charlie’s last layoff in August 2018 wouldn’t be our last significant layoff. Nobody who has worked here for less than 5 years has any idea what a real layoff is.
Look at the intensity of depression in the January sub1% layofff…. and THAT was our lowest on record. People should be out interviewing aggressively before we regain our displacement groove, and I’m sure that we will.
February wasn’t bad and neither have March, April and May been. The real question here is why you would post that February was bad three months after a no-Layoff February. I know that millennials struggle to read analog clocks (that’s clocks with hands for millennials) but what is so difficult about trading months on a calendar?
There haven’t been quarterly layoffs since Charlie left. Don’t come here and simply make stuff up,.
Not under Todd’s years there wasn’t and afterwards we’ve had exactly one super tiny sub 1% layoff in January.it was hilarious to see how out of practice HR had gotten.
The ratio of actual layoffs to HR Friends’ prediction has been cratering for 3 years.
Yes.
You people are so repetitive. Anyone that’s been here for any length of time knows layoffs are every quarter. Who gives a sh!t? I’ll keep doing mediocre work and collecting a nice paycheck until they catch on to my lack of dedication. It’s worked for 10 years so far! They want to keep paying me for slacking I’ll gladly stay!
Good question. A lower stock price has virtually nothing to do with how many people it takes to run the company. If our stock price falls we would likely begin to buy back our own stock. With less shares afloat our earnings per share would be larger.
But, it would have been far better if “Leaders” such as Roman Regelman, Bridget and other senior pontificators who have spent a lot of funds on automation knew what they were doing and delivered results, but they failed. So we might as well simply just buy back our shares as we certainly aren’t able to improve our systems to lower our head count.
F them! No empathy for employees. Some arrogant ba----ds in LT roles. Constant worry about job security, even for long time loyal ppl. What a way to lead. Way to go. Get out while you can.
Time for supper, grandpa. You're getting kinda cranky...
Agreed, but Gen X were the opinion leaders of the first slacker generation and they served to set the path for all of the subsequent American generations.
@1jlo, GenXers aren't exactly spring chickens.
Older people are always the target as they generally make more money. GenX, GenZ, millennials and D.E.I. hires are always safe as protected classes although HR will only mix in some of these people if and only if they are really bad performers. This has been the playbook for a long time.
I was hearing June
Mass layoffs coming?
Ok, no mass layoffs in Feb.
Ok, no mass layoffs in March
OK, no mass layoffs in April
OK, no mass layoffs in May so far.
Mass layoffs coming.. nope
Stocks tanking? Tanked over two years ago and are moving sideways with our corrupt federal government’s insane debt spending and inflation.
So are young people the target or old?
Banco do Brasil S.A.,
Layoffs are scheduled for mid June. Company will make example of some folks who do not follow the RTO rules in addition to their "normal" layoff process.
Two people that I know got laid off on Monday.
Here at the Bank we’re in a post-Layoff era. We’re saving expenses by making employees miserable. We’re making people so miserable that they decide to leave on their own.
can someone confirm layoff rumors?
JPM, GS, and others
Not looking promising
What does low stock price have to do with how many people it takes to run the company?
Pick me!!!
BB?