Wholesale banking will start consolidating RCBO and BBg offices similar to what happened in Dealer Services with consolidation into two big hub offices. Associate and analyst functions will be centralized or sent to India leaving banker functions in the field. A little over 2,000 job cuts expected over the next 9 months.
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Wholesale reorg within approx. 2 weeks, initial staff cuts by end of October. Understandably, staff (across the board) is nervous and exhausted.
This protracted limbo is no way to treat employees. Awful environment... right before the holidays, too. Typical bloodshed in October, so new year starts lean.
Any more information on this post ? I am worried what might happen 2nd half of the year. Best of luck to all team members.
Isn’t it Tempe and Dallas?
What two cities ?
Start looking and wait to get fired to get severance and unemployment. Good always triumphs over evil.
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