I have seen 2 SVPs say their positions have been eliminated. This was on LinkedIn. What is going on? The new CEO is not even official yet.
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@c6 never we were too important to have to come back in now too important to rif
Only in office staff getting the axe. Wen remote layoffs?
Lyons is sending resumes from his connections to Hagerman and he is hiring them to save his own job!
I’ve seen numerous people announce their RIFs on LinkedIn
All banks are shrinking people and real estate. It’s not hard.
Any recs on banks where tech is not such a mess?
In Enterprise Technology under Hagerman it’s pretty simple. They are eliminating positions to get rid of senior leaders that were from BB&T or SunTrust, dumping work on other leaders then ultimately creating new positions later that they can use to bring in more senior leaders from Wells Fargo or their friend group. They are systematically replacing all the leadership that was here before Hagerman started. It’s sad because they are letting some really good people go as well as a LOT of institutional knowledge.
Our team had 7 RIFs. Lending and sales technology.