I had to edit this to protect the sender. Edit areas are marked as redacted. Here is the report: “I saw a few postings here referring to the recent rash of AE, ASM, SA and other retail branch job eliminations or reductions. They’ve been happening piecemeal up through yesterday. Most of those happened using the corrective action process as the sword. I am an insider and in a position to confirm those layoffs stopped for the most part late last week. Management thinks it’s best to let everyone relax through to the Thanksgiving Holiday. The big cut, which will number in the 300-400 person range, will happen Friday in the morning to mid-day hours. (Redacted) on no less than 2 conference calls firming up the plans to support the DSMS. (Entire sentence redacted). The Friday cuts are to get the last of the ‘fat’ trimmed from branches to ensure we have no more than 2 sales people in any given branch. Because of recent branch closings, instead of laying everyone off, some AEs were simply moved to another branch where it may have even doubled the sales headcount in the surviving branch. This was just rely a delay tactic.
Now this must be ‘fixed’ to get the sales FTE (full time employees) in line with the max 2 per branch requirements. 300+ jobs is not huge when there are approximately 700 branches but it all adds up and I hate this part of my job. I’m a (redacted) person, which means my job is supposed to be (redacted). Not much focus there right now for sure! It’s now about ‘CYA’. DSM/HR goes in and fires or lays off. Then they go through their pipeline, recent loans, etc to validate we have no (wierd or strange) business or loose ends going on. You can be certain that we are all really popular nowadays.”
Editor’s Note: I know this is tough, and I appreciate the honesty of the submitter. I apologize for the redacted sections but it was the right thing to do. I also dumped my mail servers and changed the hard drive on our local mail server. I will modify this post by noon today, at which time I will put up new links to a new mail server. I am also making a widget to monitor this situation by cell phone or a local browser. Links will point to the Spring Widgets website instead of HouseholdWatch.com
Noon Update: Here is a widget: http://www.springwidgets.com/widgets/view/69451 is the actual web address
Here is a Private Contact Form. The actual web address is http://www.emailmeform.com/fid.php?formid=184008
This is what the widget looks like. The orange icon on page 2 is a news feed:
I will put all of this in a post by itself.
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