I think it will be the tellers and bankers sadly that will be most of the layoffs which is awful because they are front line workers. What do you guys think?
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From past experience seeing what has happened at previous employers, it will be the longest-tenured (ie, oldest) people first. However which way HR makes it happen to appear legit, it'll he the older people.
Accounting for current social trends which demand "diversity", I'd suggest that the hardest hit will be white males over the age of 50.
May be an unpopular opinion, but at the end of the day that's who will be impacted the most.
Marketing is weeding out from the top. Started with Jamie M. A few more of her leaders will likewise be shown the door soon. The remaining large org structures currently reporting into Jamie M. will be dismantled and roll over to the CEO teams. Decentralized is key here with lots of staff elimination.
Right about the spans and layers of marketing. Lots of managers without 7 direct reports. Some might go, some might be moved to other roles. I don’t think it’s as simple as “Oh you don’t have 7? There’s the door.”
There are many managers in marketing with fewer than seven directs. If it’s true that all managers will have at least that many the math says some managers will have to go.
ICs might be safer.
Marketing is either moving under the LOB or staying where it is. It was already winnowed down last year.
Anything they can outsource. Support functions like marketing and HR could get hit hard if they decide to move those functions to outside companies.
Divisions they can sell off. They’ve cut back on auto lending already so it would make sense to sell that business.
They were already in the process of closing branches so it would make sense to speed that up.
Home buying is slow so they might need fewer people to process loans.
Full disclosure: I know nothing, just speculating based on what I’ve seen in the past.
Close a bunch of retail locations, so whoever works there.