What do you think the chances are of another November layoff before comp/bonus decisions? We’ve had layoffs in November for 3 out of the last 4 years (2022, 2023, 2025), and we’ve had some of the worst outflows in the industry this year, so I think it’s pretty likely.
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@dk There is no firm-wide layoff plan before year end. Obvioulsy may be isolated incidents, as there has been for several years now. As d8 says, bonus funding is pretty good this year - better than I expected. The pools came out last week and process kicked off as of this week.
@d8 Kind of like a few years ago when they gave everyone a 4 percent raise over the summer and then followed up with mass layoffs in November of that same year. What was that 2022 or 2023? No one is safe. Don’t be fooled.
They are racking up costs with AI while underinvesting in all our other tech capabilities. They are going to need to cut more to make up for all that token use so it’s going to come from FTEs.
@d8 I hope you are right. Things have su-ked so bad everyone needs a happy holiday season. 🙏
@cz They have been doing micro-layoffs. I know someone who was singularly laid off recently
Don't see it; Comp/Bonus funding was just finalized and much better than I expected.
They’ve been reducing headcount since n small numbers all along. Don’t sr a big one coming. Unless investment gets it
Were the last layoffs the IT folks from June/July? There have been no more since? In that case it seems they are "due" for more. I can't believe they are done laying people off. Good luck folks.
@OP Definitely! Happy Holidays from TRP!