Thread regarding T. Rowe Price Group Inc. layoffs

Is this confirmed regarding layoffs?

There will def be more layoffs in techops and tech adjacent roles. They'll be cutting mainframe support roles as soon as the mainframe transition is complete in a couple months. They'll be looking to cut more people before the end of the year so they won't have to pay bonuses.

OP: @e6+1k0m60pkf

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@OP no just my thoughts. Nothing here is confirmed until it happens.

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Post ID: @a5+1k0q6s0ak

@OP Yes as Operations jobs are typically on the menu for offshoring. Roles like operators System Admins, and DBAs are pretty much commodities these days. Notice how there has been a huge push to 1) get rid of the mainframe and 2) Get rid of on-prem databases like Oracle. Cheap Rent-a-DBAs can take over. Jury is out on whether people performing DBA duties on Cloud databases will be part of the exodus. Given all of the compliance regs I wonder what kind of assurances (real assurances) will be offered to show that workers in a foreign country who work for a contractor will be following the required regs? Google AI says the following:

Here's a general order of how IT jobs are typically offshored:

Routine tasks and back-office services: These are typically the first to be offshored, often to leverage lower labor costs. Examples include:
Data entry and processing.
IT support and help desk.
Basic software quality assurance and testing.
Software development: As companies gain experience and confidence in offshoring, they often move towards relocating software development to access specialized talent pools and potentially reduce development costs. Examples include:
Front-end and back-end development.
Mobile app development.
Software quality assurance and testing.
Higher-value and specialized roles: Finally, companies may offshore more complex and strategic roles as their offshore partnerships mature and trust is built. Examples include:
Software engineering and architecture.
Data engineering and analytics.
DevOps engineering.

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