We continue to be in a relatively layoff free environment except for those refusing to honor RTO requirements. Obviously trying for SUB. Think that Robin will terminate with cause rather than give a reward of SUB.
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I've heard that there will be one in March. It makes sense because that's when our merit, I mean "not really true merit" increases go in effect. That's how they did it last year. Layoffs before our Merit increases start.. A true merit increase would give people who have been with the bank for years, a higher salary/hourly rate. But instead, they shafted alot of long-time employees, some lower positions got a higher % increase, meanwhile the next pay grade up & position up got a lower % increase, which in turn ends up being the same salary/hour rate... $22.50/hr. What a slap in the face that is to people who have been with the company for years upon years! Now they/myself will be making the same as a brand new hire off the street, if we get through the March Layoffs at least..... what a joke!!
It’s now on the shelf for a while. January and February layoffs failed. Not sure why.
Anybody know the reasons for the cancelled layoffs?
It used to be that they’d happen like clockwork every November. Now they seem to be happening monthly, if not weekly. And I’ve been hearing of at least two more rounds in the next few months. So it’s just ongoing no relaxing or breathing room until Robin cuts us by at least 10% this year I think, but probably more. Even while my dept is taking on more work. Rank and yank, people.
looking like the new norm
Still ongoing.
Several layoffs in Pittsburgh so far this week.
Have we heard anything new?