Are there any numbers ? is there any clarity on which department got impacted ? any specific details.
8 replies (most recent on top)
@gbak, but Charlie gave a 4 year warning that Uncle Todd's slow, steady hand was going to increase severance expense. lol
The continued claims that there were no layoffs this year (or the related claim that they were only in January, and only 0.5% or 0.05%) are getting annoying.
For proof of layoffs (and some sense of their size), just look at the bank's latest 10-Q report to the SEC, which covers the September quarter. Page 44 reports severance expenses of $41 million for that quarter alone, and $67 million for the 9 months of the year to date. This is publicly available information, certified by the bank as being accurate.
So yes, there have been multiple layoffs this year, where actual people have lost their actual jobs - please stop pretending otherwise.
@gcag I was required to do a layoff in May as did other managers in my area. To say there was no layoffs is nonsense.
Last month? There hasn’t been a layoff all year!
HR did try one waayyyy back in January but it fell apart within hours.
The Last layoff here was in early January and it was only an 0.5% layoff. Nobody really knows why it fell apart but it’s been clear layoff free sailing all year post January.
Life is good.
No there were no layoffs in the past months. Much like the rest of the year. In my 40 years this is by far the lowest level of layoffs ever.
No but perhaps today yesterday?