Why are there Directors reporting to Directors? VPs reporting to VPs? A bloated org tree for sure.
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@hp I wouldn’t worry if you are bff with your md. That’s what matters.
@hp It is a possibility that you and your team will be moved under a SD.
@hp
One of two things will happen.
1- your SD takes over the team= you fired.
2- you survive and continue = SD fired.
Is your manager taking an interest in your reports, communicating to your team and attending your team calls?
That’s a sign of who will survive and who will be flushed.
In my area they are adding senior directors with no reports. I am a director, reporting to an MD, and I have directs. I’m wondering if I and my team are going to get shifted under the SDs, or if I and the other directors are going to get the ax. Way too many middle managers with no directs IMO
For the same reasons non mgrs are now showing staff report to them when they shouldnt to justify sr. vp titles they shouldnt have since they have no actual work or role. Most bny bullsh-t but lets keep getting rid of all the valuable staff
Because some of those Directors/SVPs lost their teams after the reorg. I recall one recommendation was to get rid of "micro-teams", that is, teams with less than 4 directs.
Some have those titles just to be in the right salary range.
Its the BNY Pokemon game silly - collect as many reports as you can.
@cy they may be on their way out, although I'm not sure, just a guess.
there are MDs that have no direct reports like what are you “managing” then?
Because they are about to trim soon. They stack 'em and then cut the fat. And the fat is subjective of course. The most productive can go.
Was your org apart of the P-M 5 wave? This is step one of messing with org charts until they can find out how to consolidate job roles and eventually cut staff
It is a visual oriented construct to the Goldman masters that there are field hands not needed.
Managers sitting on top of managers sitting on top of managers. 2027 will shift to management and the mushrooms in the dark there. Pershing mgmt will get a special trimming after the Wove debacle.
Ever since 2023, all the reports are to Pune higher ups. It is extremely noticeable.