Given the current economic climate, which service companies and technology teams do you anticipate being most vulnerable to potential reductions in force?
7 replies (most recent on top)
I honestly don't see how it could be worse.
At this point literally any decision made or change whatsoever would be an improvement over the status quo. Seeing a decision made and acted upon in this place would be nothing short of a miracle.
Challenge accepted
Robot is going to reduce headcount by 10-15% and lower costs by 20%. I guarantee it. The reductions will be based on encouraged attrition, outsourcing, RTO, removal of benefits and other tactics. This will be over a two year window to get the stock over $95 by the end of 2026.
Decisions are nice. But we can only offer d-mb decisions.
I honestly don't see how it could be worse.
At this point literally any decision made or change whatsoever would be an improvement over the status quo. Seeing a decision made and acted upon in this place would be nothing short of a miracle.
Rick is going to run this company way differently than Walt and Chuck. If you thought it was bad before, just wait.
My crystal ball, meaning this is a guess,Between today and Oct 30 layoffs in stages. Wishing those who want to be laid off get their wish, and those that don’t ,get to stay!
Oct 30th, it will be a little under the radar but will impact
Final TDA synergies
Targeted MDs consolidating or moving teams around.
Opportunity to weed out low performers.
Most in those buckets know who they are and need to hold on a few weeks. Hoping for all they are bonus eligible.
Not sure if any one can comment, but I do remember we hired quite a bit to deal with integration volumes. One would expect once the call volumes or integration work subsides so will the jobs.
https://www.fa-mag.com/news/schwab-is-aggressively-hiring-as-integration-of-td-ameritrade-acquisition-continues-61219.html
One thing I know for sure…..The beatings will continue until morale improves