I am set to return to work tomorrow after a week’s vacation and I was informed by a co-worker that our department was downsizing by 20% starting with volunteers apparently.
I work in mortgage for a pretty large bank in the US. A bank that saw record breaking profits over the pandemic, and in response overhired staff to keep up with the temporary boom in demand. And now, the market is adjusting and biting them right in the ass, but it is us who are going to suffer for their poor decisions.
Anybody else in this boat? I know Wells Fargo had an article published a few weeks ago in regards to this, so I was just curious to see if other companies were making the same mistakes.
Thanks in advance 😀