What client facing positions would they eliminate?
Would certain branches be safer than others due to branch asset size?
3 replies (most recent on top)
They own the STL buildings
I wouldn’t take anything the hill says any more as truth..
Said offices were closing, then opted to keep Missouri open? Sure rent might be cheap there but out of all the closures that’s the one to keep?
Wherever there is redundancy or a way to save cash that’s where it’s gonna happen. Regardless of where your role sits, it’s time to start looking. Layoffs and a reorg only means pain, and it’s going to hurt for awhile
Branches aren't safer based on asset size alone. Foot traffic, rent costs, and location matter significantly more.
Say goodbye to high cost downtown branches in NYC, SF, etc. The expanded rme realignment will be consolidated back down along with abm and bm reductions. Nothing is ever truly non-client-facing only.