If you are in one of the new centralized PMOs, management is trying to reduce staff by year end so timing will either be b4 Xmas or early 2019. Loan operation areas will be sending jobs to EGS and then US workers will be eliminated in early 2019. International offices are being evaluated and several will be closed down and positions eliminated with uncertain timing.
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Word on the street where? Where does it start next week and which departments? Where is the intel coming from?
I heard late October
Layoffs are immediate and ongoing for at least the next 3 to 5 years. This includes the selling off of businesses that are not performing so layoffs will definitely be at least 10% or higher.
They have already begun. Most recently with Orlando and the entire site has been put on a 60-day working notice. This took place mid-August.
I’ve heard in October. Probably around one of the pay days
Word on the street - starts from next week - 1st round. After that, close to the end of the year.