M, IM and NI this year will be laid off.
If you get Exceed and above you are safe.
Technology funding is slashed significantly by 45%.
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Want some whine with that cheese? Buck up champs and get to work.
Oh wait. So i guess if you are meets you should just perform like an NI because you will get canned anyway. Oh thanks for the triple secret news
And the poster knows this because?????? So great that you have the metrics that HR probably struggles to collect. I think your manager or who ever told you is trying to make you feel better for getting an exceeds with no real bonus but you feel better because you think that ALLLLLL the meets are getting axed.
F Fargo
Shart can't wait for the robo tellers and the robo ATMs. The personal banker will become the digital personal banker.
@a8+1jgm668c
Are you assuming that Shart wants to keep more than 11% of domestic workers? Wouldn't bet on it. He wants us all gone.
Trolls are back from the holidays it seems
Everyone India.
Not easy to be in layoff. Warn and unemployment barely help in this economy.
70% American side will be laid off. India will increase headcount.
Not true. Got exceeds last 10 years and got the boot in October. No one is safe.
I am guessing only American employees with M, IM or NI are getting laid off but not the offshore Indian employees?
Are they (managers+higher ups) done with calibration of reviews and those are locked? Or changes are still being made/ could be made? When is the deadline for reviews lock this year?
@ad+1jgm668cv, Isn't TK a cheerleader?. That is why I wrote "He probably has figured out the US side cheerleaders are just that." Something to distract tech as they try to step out of its tarpit of technological debt. I believe McKinsey has laid the bank's AI path down. TK is there to distract all as CS takes their job away. IOW, McKinsey is at the helm (or wants to be) of this bank's AI.
I might be wrong but I saw a whole lot of this dysfunctional bank in McKinsey's article: Extracting value from AI in banking: Rewiring the enterprise
In parts of tech it is pretty much impossible to get more than meets, so I find this hard to believe. I can see with those below it (regardless of whether it was warranted or not).
good I’m meets and want my package
Not with TK at the AI helm. We can't even get cloud right.
So is new development done in India? Will they be Rewiring the enterprise for the new AI control towers? This makes sense. Charlie doesn't know sh...t about technology. He probably has figured out the US side cheerleaders are just that. So he must follow his McKinsey consultants who basically have written the roadmap. And you might as well do that offshore. Just witness the flak anybody does anything using AI on this board. Layoffs in the US will fund the next generation of systems at Wells.
In the end Chainsaw will win. He will dismiss the old fogey US staff and put AI first. To drive this sustainable value he will revamp the entire technology stack. Creating agents and not just LLM models.
@a8+1jgm668cv why not? Lay off and move jobs to India.
I volunteer. Lay me off please
M = Meets;
IM = Inconsistently Meets;
NI = Needs Improvement
lol you’all do understand that only11% of the entire company were exceeds of consistently exceeds last year for year end?
So shut up.
They can't possibly lay off all the meets.
What is N, IM, and NI?
Pick me please
Good luck laying off 90% of the bank this year.
How about if you get Meets, were already offered and accepted relocation, but haven't moved yet?
My manager told me the same news.