SLY BUT EXPECTED:
- You will see a few people let go at a time to prevent splashy news headlines.
- You will see a focus on cost reduction like merging data centers, which is wise for any company.
OTHER COST SAVINGS - HOWEVER:
- HR is told to target VPs & AVPs to get bigger paychecks off the payroll.
- Before MUFG, Americas can buy something big with the sale of the branch system, MUFG needs to get employee numbers to a bare minimum (that means you.)
- MUFG needs to get stellar ratings on regulatory audits from the Fed and others that would approve or deny any kind of merger and stock valuation.
- Your manager will probably tell you how lucky you are because they are bringing on some outsourcing folks to help you, and you need to train to do your job because they care about you.