I know certain roles in RMC cannot be outsourced but curious what the rumblings are on where and when they will be doing layoffs?
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@OP Who cares. The main thing is JR is hot. Go JR go. Whack the peasants.
@p5 yes there are already financial crimes teams in India and Poland. What could go wrong?
What roles in risk are being outsourced? Are we seriously outsourcing financial crimes work to a foreign country? Is that what banks are doing these days?
@df True! I think it even happened further back than a month as some peoples last day(s) were in September/October.
One shoe dropped yesterday with the announcement of her new CAO. Heads will roll in that guy’s area when he starts in January, guaranteed. In the meantime, happy holidays!
She’s going to end up laying off several people who were very close to her and who helped her get organized. My two cents is this is coming from GK, basically telling JR to cut people close to her as a show of loyalty. It’s not going to end well for anyone.
They already started almost a month ago. JR just finally decided to tell all of RMC about it.
@cr one of these weeks someone will be correct… lol
I have it from a very good source that my house will occur on 11/27 at 3pm. We have a solid track record in this website of accurately predicting all layoffs. Get ready, be prepared. Trust me bro.
(sarcasm)
I’m assuming there will be some level of right sizing across the Organization. With reduced regulatory scrutiny and Gunjans push for improved revenue, speed to market. Plus the overall profitability and efficiency ratio goals there will be saves from attrition and offshoring of more operational roles i am guessing.