How many people are even left? I worked a little with some wepay folks when I was at JP shortly after merger and people were leaving like crazy. My primary contact changed 3 times in 2 months as people left
Lot of people were hired after the mass resignation scenario
Core wepay I think was pushing 700+. Not sure today after the 15th meeting Iβve had in the last 24 hours.
Does the layoff already started?
Do you have any updates from the meeting what gonna to happen?
Any idea what severance is going to look like?
16 weeks if pay is > 150k.
Second round happening now. As the other poster said, first cut was main and now they're bleeding the rest.
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Surprised big banks are having issues now. Didn't they have the fed support net to guarantee their future success and stability?
all about profitability and "staying lean"
If they could, they'd prefer not having a single employee. They'd want all the profits for the execs, board and shareholders. But they can't lay off every single employee because the company will seize to function. So they lay some off and squeeze blood out of the remaining. Stock goes up and they buy their 12th mansion.