When do the layoffs begin?
Why are there disproportionately high number of sr managers, directors, and senior execs?
What’s the location strategy?
Why can’t we be at least as effective in managing operational risk as our peers?
Why is there such high turnover?
3 replies (most recent on top)
Layoffs have been ongoing pretty much through 2023 (typically the Tuesday after payday) and doesn’t seem that they will let up anytime soon. As to co-location displacements, from a tech perspective, wave 1, aimed at remote resources, is 2nd quarter, so impacts potentially beginning in early April. Managers already have the names of resources impacted in wave 1. Wave 2 will be 3rd quarter and will target locations with less than 15 tech resources. Each wave from there will hit non-hub locations in order of their # of tech resources (lowest to greatest).
And was any of the layers upon layers of people, processes, policies, procedures done with any semblance of efficiency? That is rhetorical. The regime of hopelessly-entangled myopia we have now was cobbled together over a few years of urgency lacking leadership or foresight. Humpty Dumpty is in trouble.
Layoffs have been going for some time in Risk, but more will ramp up after RCSA. Location strategy is same as has been listed already with the major hubs.