Was on the RCSA facilitation support team for the last 18 months to be told all along how important this work is in lifting the asset cap only to be laid off as the higher up’s receive their bonuses for making the September 30th deadline.
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Once we were carved out of our regular jobs, it was pretty obvious most were "dead man walking", especially those not in a hub location. Some never made it to the end of RCSA, being cut in 2023 in the middle of workshops!! No regrets on my end, it was a good extension of time to either look elsewhere or decide what I wanted to be when I grew up :)
It was not a holding cell for those to be layed off. It is that once they were less involved it was a matter of why bring them back if the team they left could survive their absence. Like the old work adage where if things went just as well when you were on leave, were you really needed? A surprise cost cutting measure that feeds into the current lay off mode of Wells. Just sayin, not supporting it.
Every bank does RCSA…take the experience to another bank, get a raise, move on.
@pyd I think you have it backwards. It’s rare for people to go back to their teams. Most were let go or moved to a different team just to get displaced later.
This is a rare circumstance - most everyone went back to their home team or elsewhere. Sorry to disappoint some.
What has RCSA achieved than more meaningless controls that require pushing more paper?
RCSA project was out of control and a colossally waste of money. Expect more program people to be shown the door soon.
So many people got reallocated to RCSA that were slated to be cut and simply got repurposed. Be thankful you got 18 more months….
Except that the asset cap isn't getting lifted anytime soon....execs should be the ones to get laid off. Wouldn't be surprised if RCSA implodes again.
I'm so sorry :( It's probably a blessing in disguise.
RCSA is a code word for old school “special project”. “When the project is done so are you!”