Any idea what areas experience the highest number of layoffs over the last 12 months? Surely DEI is a non revenue generating area.
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The primary driver is what Shart "likes". He doesn't like the mortgage business, so he's ki-ling it. After those emotion-driven decisions, then the cost considerations come in. If it can be outsourced or contracted, it will be. The goal is the absolute minimum number of domestic employees.
Everything which can be done at Wells Fargo India is going to see mass layoffs for sure.
Technology for sure. If you aren’t an “engineer we’re” you’re toast
remote and FRTOers
Ops, call centers and mortgage
citi bank, they just announced today they plan on laying off 20K. Sounds like they are following our lead.
mortgage
technology and call centers.