Anyone know why there is a big leadership session for Bank this week in San Antonio?
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I was part of the leadership sessions last week in Bank and it had nothing to do with layoffs.
Leadership normally have quarterly meetings and given budgets for next year haven't been finalized for some areas, I would imagine reduction in force would be part of the conversation. Alongside that conversation would be how to realign teams for the projects the executives decided they would fund so they would look good.
While happy to be employed, next year is not looking very good in my opinion unless I apply for a different role. No promotions in our area for several years, you have to post out.
We have leadership sessions every quarter. In 5 years we’ve talked about layoffs once, and it was the layoffs happening around us. There’s no smoke. There’s no fire.
If you’re working in D+A in Fraud, beware. They overhired like crazy
They are just going to keep laying people off until it’s near zero and an external company (3P) with lower AI costs will run the products aligned with our site and contact center. Almost exactly what Sofi and many other banks are already doing.
Is it possible to rejoin as a contractor through a technology partner without a cooling-off period? If not, how long is the required cooling-off period? Just checking in case
@ws what area in fraud?
@ws another big round of cuts in January are being planned. Don’t spend that Xmas bonus!
Fraud Dept is the next target. Hearing rumors about outsourcing to Fiserv as well
Layoffs my friend, layoffs! This is finalizing the numbers for early next year. If you’ve been hearing managers/leaders talk about “the ways we work” or “streamlining the work” or “leaning out” … that means a cut in the workforce is coming. Same thing happened last year, bank leaders gathered in San Antonio the week before Thanksgiving to discuss and finalize the cuts for January 2026. Mass layoffs are done for the year, there might be a few one offs, but the next big cut will be late January 2027.
Layoffs dude… listen to people on this site.
Supposedly, bank aml is barely staffed properly, so hopefully no layoffs there, but then again…..
No, "Bank is Back"wards T-shirt. 400 people laid off this friday? Is it all Bank?
We have leaders? Wow I did not know that.....
Are those all the people wearing “Life is good” t-shirts?
Fraud department and the next layoffs in overall bank. Think more skeleton crew