How many folks laid off directly solicited client business or created new product? Was wondering if this round of layoffs only hit overhead or were also aimed at improving development and revenue generation efficiency too.
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My product was de-funded due to loss of a client who was paying. However, I was a very praised in prior years, exceeds expectation 20%+ of reviews, never received below... wrong project, wrong time.
A wealth manager and wealth director let go in one of the regions . Quite a few private bankers.
Sales and product/RMs were definitely impacted in wealth and treasury services this week. The number is at least 20-30 each.
Sales and product have been affected.