Do we have any ideas on what's being hit on Friday? And how bad those layoffs will get?
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Friday layoffs will be focused on employees that are directly interfacing with revenue producers - meaning client/relationship management. They will be sizable as well.
This is a wind-up.
10% of the workforce... are you kidding me?
Who will run the bank?
I am sitting down in a dark, quiet place for a few hours.
Layoffs are in progress in King of Prussia, PA today.
Rumor mill in Tacoma Operations is layoffs, but we have no word from management at this time (as of Tuesday 11th). We haven't seen any other various groups get hit either.
Some employees were told that the announcement would come this week. @10% of BNY Mellon's total work force will lose their jobs.
How do you know Friday is the day, did I miss something?