#management

News of BAC's $1.2B loss hit the wires two nights ago. Did this news rattle operations at BNY? BNY has a large operating presence when it comes to sanctions screening. Senior Management, along with Heads of Compliance and Sanctions Operations, must have taken note of what happened as this is the third largest penalty ever imposed on any business with sanctions/money laundering violations. Operations, particularly with sanctions-oriented processes involving FinCEN and OFAC, have continually experienced losses in personnel from various US sites. Many knowledgeable employees in departments associated with Compliance and Operations, have been let go. The replacements are coming from offshore sites, primarily India. Hiring is cheap but the overall work is, and always has been, below average. Management shouldn't shrug off this fine as nothing. They should focus on happened to BAC and ensure it doesn't happen to them.

So we are expected to come back to office 4 days a week while they cut expenses for snacks and lunch budget? If we earn ELT money then sure, but they are also not increasing our compensation? We are expected to eat air I suppose.

I recalled they said they don’t care where we work as long as we do our job. Also I’ve heard management making it so hard for employees to visit other offices for whatever bs reason

Playing devil's advocate, are the managers and below the problem and not the leadership?

Walgreens is currently facing a shortage of store managers. This staffing issue has resulted in increased stress and demands on existing employees, as they are often required to take on additional responsibilities without adequate support.

Impact on Employees
Increased Workload: Existing staff may experience heightened pressure due to understaffing.
Employee Stress: Many employees report feeling overwhelmed by the expectations placed on them, which can lead to a challenging work environment.
Reasons for the Shortage
High Turnover Rates: The demanding nature of the job and unrealistic performance goals contribute to turnover.
Recruitment Challenges: Attracting qualified candidates for management positions has become increasingly difficult.
This shortage not only affects store operations but also impacts employee morale and customer service quality.

Anyone have the 'hospitality crew' visit your store to see how it's going?
How did that go? My store gets a visit soon

It's taken from the wall street discriminates and reproduced below without any editing. Whoever wrote this, is absolutely bang on the money and most likely got managed out because had enough skillset and knowledge to be hired elsewhere, didn't need to k1ss @ss and for this reason was probably branded 'difficult to manage' and managed out. The last line is very telling of the present circumstances in a few different palaces in the US

Yes, indeed. Citi MDs are entitled, lazy, bossy, and selfish. For the uninformed reader, let me explain what that means.

Entitled. Citi MDs think the title is an anointment in recognition of their talent. It’s just the opposite. They were chosen for being the biggest followers of all, the ones who blindly implement imbecilic instructions from the top, ethics and right-doing be damned.

Lazy. Citi MDs (and directors) don’t do the work. They’re middle managers who relay orders without creating any value, a buffer between senior executives and the people doing the work.

Many insist you go through their EA just to get on their calendar. That process props up their sense of superiority and lets them dodge hard conversations and any accountability for giving you the runaround.

One Risk MD blamed her unresponsiveness on not having a Chief of Staff. Never mind that those roles were cut in the reorg, or that she was never senior enough to have one. It was a cop-out for poor time management, a skill she should have mastered as a VP.

Bossy. Citi MDs lack vision and subject-matter knowledge. They can’t inspire you or coach you on your work. They issue an edict and expect it to be carried out like gospel. They won’t follow up or notice you’re struggling. But once someone points a finger, they know exactly where to go to pile on.

Selfish. Citi MDs care about one thing: their next promotion. They create the illusion of success while adding no value to the bank.

Many of them are proud to call themselves “institutionalized.” That may be the best explanation for why transformation has failed. You can’t change how an organization works with the same people who embody the behaviors and mindsets that need to change.

When a clown moves into a palace, he doesn’t become a king. The palace becomes a circus. Truth.

Anyone know what is going on with Outlook? Can’t seem to get any updates or answers from management.

Quite a few people here today in Clifton we’re laid off. Rumor has it tomorrow will be management.

"As the saying goes, 'Whenever you see a huge amount of attrition among younger employees, whereas the old management never changes or remains the same, throughout the years, you can conclude that this is not a workplace but a political arena.' WF is the same."

1. Make a hasty and uninformed decision, consulting only people who know nothing about anything (J and Yogi) and not anyone who actually knows.
2. Waste a few million dollars.
3. Reverse course.
4. Pretend that was the plan all along.

It’s IDP time. Can any Supervisor or Manager comment on how truly important the IDP is in the new S&D system?

It’s been a waste of time in the past from personal experience, but it appears it’s taking on new importance with the newly “improved system “

Why do they still have that useless guy that was kicked out of CIB in charge. SP if you are listening pls do it before you go.

There is no need for management in this day and time. They are all ignorant and slow down or throw a wrench in any progress in store. Positions in management are only filled by the most ridiculous and ignorant people. Please, Walmart Corp. Come up with a way for AI or something else to replace management and terminate all store level management. They serve zero purpose. Productivity and profits will greatly improve without them. We are wasting money, time, and productivity on ignorant people who do NOTHING!

I heard managers submit that detail this month? Have they already submitted?

My area was just reorged again for the 8th time. There were two D1s, myself and another reporting to avp. That other was moved up the org chart and I was moved down. In the shift, I heard “he moved to support the 7x7 framework”. If he was moved up to support 7x7 framework and now I’m another layer (7x8) would it logically make sense that I may be on the chopping block? Anyone else seeing something similar occurring in their area?
I’m also seeing other warning signs something is coming.

Because that's one place where there's more than enough fat to cut.

Months into the job, our new manager still doesn't seem to know the team or what anyone is responsible for. He hasn't shown much interest in finding out, either. This is the type of people Cigna is bringing in from the outside instead of promoting competent people already working here.

They'd certainly push harder against them if their jobs were always in danger. As it is, they couldn't care less.

After a long hiatus, this sh1t is coming back to the factories again. The senior leadersh1t is running our of ideas and restarting old programs.

I was under the impression that in certain states an employer must disclose what is being tracked.

For my team there has been zero transparency on what counts toward productive time and our leader flat out said that he didn’t want people to game the system. People simply wanted to know if they were logged into the network at work but attending an event or talking to a coworker but not actively on the computer would that count….since there would not be a lot of typing or mouse clicks.

Even tech companies like meta decided not to track their employees. Kinda ridiculous we are being treated like cr-p and talked to like children…I don’t know how much lower this company can go

Again what do these people do all day? They never answer questions. Keep you in hold in chat so long that chat asks are you still there. On top of that I reached out to the Assoc Manager the guy never even replied. Guess how many levels up in the chain there are? 6! Sr Mgr IT, LD, AVP, VP, SVP, EVP. WTF?????? Whyyyy so much management and the bottom feeders can’t even do their job correctly.

More lip service with no real plan while the entire environments are on fire. Clueless about AI, clueless about any real architecture, clueless about security. The only truth in the whole presentation is "consolidation". That's the whole plan, consolidate and cut while the entire digital organization has been left unfunded, neutered from the get go. Leaders have continued to fail over and over while sweeping under the rug the biggest issues and executive leadership leaving or running off to Enterprise without any accountability. Main technology leaders have left the organization while do boy yes men sit in positions and get dumped on without any real roadmap, plan, talent, or resources. It's amateur hour at its finest. If you're in Digital, get out.

Suddenly you will see All happened when all the mysterious people showed up in the team ,

One mystery Person joined as director, replace your manger . One Mystery SVP joined . After few days you will see all new and mysterious people joined in your team . The. Real game starts , everyone from your surroundings vanish one by one showing absurd reasons from the management.

Everyone got replaced with all these mysterious people. All the bootlickers remained . After few days by the talking you will get to know that they all knew each other well before. It was all strategy and well planned

Good luck to those who are still there and cleaning all the dirt from the boots . So don’t be outcast and start doing what the management want you to do.

SpaceX employees are plainly better than us. They’re also incentivized for the company to not su-k, but making stock a significant component of income. Our most is that we exist, and as Dan said, for years we’ve been the stomping ground for competitors taking our customers. We su-k. Verizon shine su-ks, they had the second mover advantage and still blew it. The credit card awful. And don’t get anyone started on calling customer service. We need to completely overhaul the product, CS, and base management orgs

Now what? Do we show up tomorrow with a smile? Do we quiet quit? Do we hope our managers speak up after never speaking up? What’s the point now

Anonymous?
Lol.

Is it like a "Buy One, Get One Free" thing?
Another waste of time and money that surely could be put to better use?

Same with People Managing stuff...it's not the field teams who need this, it's the people at OTC who just don't get it.

Bad leaders can generally fool those above them. They may even fool their equals. They don't deceive the employees that work under them.

Total 325,246

AT&T
Management- 69,960
Non- Mngmt - 57,735

NPW- 197,551

The number of people managing the work compared with the number actually doing it makes no sense. Early on, someone told me that a small fraction of the staff would end up carrying almost everything. I thought they were exaggerating, but I've watched it happen. The same people get relied on again and again while the organization keeps adding layers above them.

There are capable people here who could solve problems if management would let them. Instead, decisions keep getting pulled away from the people who understand the work.

The biggest obstacle in my team isn't the workload, it's the way our manager handles it. Priorities change without much explanation and decisions often create more problems than they solve. Then the employees are expected to figure everything out. It shouldn't be this difficult to get through a normal workday.

Designed to be the enabler and bring more deals to the much more capable sales staff. The sales staff that got overlooked for the CE roles are the hunters. Now we have Client executives getting involved in all deals. I’ve personally witnessed CEs making deals smaller to show they add value. It’s a terrible sales play… CEs are managed by a sales leader and SSE is managed by another sales manager. Managers of managers! No one is able to hit the road sales plans are a priority!
. It’s a joke isn’t it nearly Q3 already ? Agree ?

Guess how many Indians contractors on H1B are working here in IT? I feel sorry for those getting laid off and these incompetent managers/directors hiring and retaining contractors on H1B and in some cases getting paid from back door channel and securing their title job. What the f**k is Pulte doing about it? Investigate them all and force them to stick with contractor tenure agreements.

There was a rumor last week about several hundreds of managements are on the list of next round of layoff, across the levels of AD to AVP. Maybe the non-human intelligence figured out what the company needs to do.

There are so many layers of management that nobody actually knows how to lead or connect with their teams. And that creates this environment where certain people start believing that being close to a manager gives them the right to talk down to others and treat them poorly. The culture here has become genuinely awful.

Dst overhired to meet inefficient peak business loads, they carelessly layed off employees who spent the best years of their lives there. I would add that spending years in the service of godless management is not a feather in my cap, but rather something I regret. Had I not been a timid man I would have let after the 1st year and sought a better employer. But lack of confidence and wanting to be recognized just once left me there to seek approval. I look back with regret for every second I spent there. I regret serving the callous managers and all my effort is now forgotten. I cared, but Dst cared not for me.

The writing is on the wall. Yet, my leadership is carrying on like we’re in a parallel universe. I’m still being pulled into planning meetings, surrounded by that forced corporate positivity, as if the enterprise isn't about to shift.

They aren't acknowledging the elephant in the room. Are your managers and their managers acting this oblivious right now? Or do you have actual working relationships with them? If only I did.

I have heard from a VP that some time in 2027 they are planning to announce RTO for tech workers and also going to consolidate management levels.

RTO targeted for mid 2027 official for everyone in Austin and Atlanta. Everyone else remains remote.

Hearing about a 2027 cut in commercial loans. Can anyone verify? Middle management and management the focus to consolidate orgs.

https://postimg.cc/jDfp7YQr

Image link.