Link below, we are at 1% cut - will be much higer in some groups, especially IT...
https://www.twincities.com/2018/10/23/u-s-bank-laying-off-1-percent-of-workforce-company-wide/
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Can someone provide a bit more details about what’s going on – this is all fuzzy and they are not disclosing a lot of info who is getting affected. There is a ton of contractors that will be let go, and that will not roll up into that 1% number – so the overall cut may be much bigger.
Also, what geographic locations are they hitting the most and how much of that number is US based layoffs? Finally, how are they splitting this cut between the operating groups and what groups will be hit the most?
I know it’s a lot of questions, but given the amount of uncertainty a bit more clarification would not hurt at all.