Word around Buffalo is we’re about to have massive layoffs. My neighbor even asked me about it. Anyone know when they will hit?
6 replies (most recent on top)
@OP They always layoff around Q1 usually around Jan - Feb which would include for cause terminations. Officers bonuses are the same months. Treasury Bonds are over 5% which will drive up the % on mortgages, credit cards, and loans. Branches are no longer profitable and AI/Tech will reduce jobs. Not looking good for anyone working in Banking. I can see a 10-15% reduction in workforce for 2027.
@qp6 what does the bank even use for "AI" other than co-pilot?
@OP Where would your neighbor have heard that? Regarding layoffs, the bank was definitely putting things into place at the end of last year to justify firing people for cause, but there are other areas just blatantly firing people. This was being set up when using Co-Pilot was still new so the greed you're seeing in companies demonstrate, including M&T, from the "productivity gains" AI is supposed to deliver, is just another convenient excuse to fire people. The CFO must be compensated on eliminating spend (and what's more expensive than having to pay people!)
Im thinking by September there will be huge layoff due to AI cutting 50% manual process.
Better give a good severance package.
@OP 6-7, 6-9 and 4-20
12/25/25