A thousand layoffs are occurring this week and next across all states. Rumor has it there are huge operational and bsa concerns requiring mandatory downsizing to help reduce 4th quarter losses. They are trying to get the layoffs completed by the next earnings call. The recent stock name change from NYCB to FLG is to divert attention from the largest layoff in decades. An internal source informed me that the bank is forcing employees to sign non disclosure agreements. The new investors of the company are selling the bank piece by piece and drastically losing deposits in order to sell the company. There have been many new executives hired to join the money making bandwagon. These new dummies are being misinformed by various underperforming managers from the former failing banks. Current employees should be jumping ship as the next waive of layoffs are coming December, just in time for the holidays!
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A bit exaggerated, not 1000, and not through next week. All is done and it came to ~700. A very sad week, but still important to get the facts right.
I got the call today while I'm on vacation. Someone from the bank will pack up my things and mail them to me.
They did it already. At this point who cares.
Ex employee.