which groups had layoffs today?
38 replies (most recent on top)
Finance group. The ones were let go are managers...
A few in vendor equipment financing in the funding dept.
@1xjx+19ABva1b Yes, this was a second, far bigger pass through for SORM.
This is actually getting scary.
5 operations leaders in Auto.
can we get a tally ?
Some friends laid off in Treasury Management.
someone 'in the know' give us some numbers. How big is SORM? How many people did they lose? Most of us know nothing about that specific group...so 'hit hard' doesn't tell us much. If you know more, please share!
Servicing Operational Risk Management. This group was mentioned here before. Is this second round?
What is SORM?
SORM hit seriously hard.
my team :(
@1ncm+19ABva1b I should have specified that I was referring to IT in general vs any other business units. Of course it’s not fixed but the 0/60 will be more of the rule rather than the exception going forward. It makes sense from a liability/insider attack vector. Despite Cyberark, break glass access and various other permissions siloing many people have deep and wide access. It wouldn’t be difficult at all to setup a basic scheduled task in scheduler to wreak some havoc.
How much of the notice period is working / not working is certainly not fixed at 0/60. I know of specific examples, from 2021, of both 0/60 and 30/30-ish.
Stagecoach drivers
Hudson yards
Marketing’s time is coming in the next 4-6 weeks. Per ML
@llw+19ABva1b As far as I know it was ONLY managers. The contacts I know in the groups are still around. My understanding is if you were going to be hit you’d have already been called. And if it wasn’t already known the 30 working 30 non-working 60 day notice period no longer exists. It’s just 60 days non-working.
Did marketing skate as usual?
layoffs in building engineering
Did layoffs actually take place today or are kids still trolling around?
Control
I heard Charlie S. was let go today.
@xvp+19ABva1b, was it only spans and layers in technology and Ops or at tech level too?
Seems there was a little bit everywhere
dang it, that's a lot of groups and I'm sure there's more that just aren't being reported here. Best of luck to everyone that is impacted!
Technology. Operations group. Spans and Layers hit them today. 40yr employee “leaving to pursue other opportunities”, ie:fired. Other managers under her gone effective immediately. Unknown if the plebes were/will be hit or not.
Corp properties
@oda+19ABva1b, I see this too, seems like sort of its the end for people working here and will have to go to new positions elsewhere;
Auto going to get clobbered today
There is definitely sh– hitting the fan today! A weird feeling permeates.
Learning and Development
Auto operations.
Independent Audit/Enterprise Testing
Development and Cloud Enablement
Which groups in Technology Infrastructure?
Public Affairs
Technology Infrastructure
Treasury Management