CA? TX? NC? MD? IA? Anywhere else?
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Lots of PB1s in MD
Cuts across CIB in NY and CLT were done yesterday
We've heard in a meeting that the workforce reduction will be in the neighborhood of 6 to 8 percent.
Yes
CTS cuts today in MD.
Are they holding a lot of car or mortgage debt?
Auto was hit with positions located across the country. Most in Credit
I can confirm some layoffs happened in Des Moines. I believe this is company wide.
Yes, what is with people wanting to know if we’re talking about Charlotte or Des Moines? Do you understand how this bank is organized?
Any idea of numbers? Guessing total over 3 years is going to be around ~60k. If they want to bring themselves in line with Bank of America.
Yes, I don't understand why people here are focused on geography. When people say there have been layoffs 'in Charlotte", what does that even mean? They could be impacting virtually ANY LOB if you just look at geography.
Seems to be enterprise wide across various LOB's and coast to coast layoff, with no particular geographical area being excluded so far.