Betcha they slash jobs shortly. When it comes to money, shareholders, CEO's and management come first (in that order). Employees always come in dead last (even though without them many companies couldn't operate, let alone make a profit).
Do you really think so Shuhak? I know that our local B of A has had fewer windows open and fewer tellers for a few years now. Which means lines are longer. I asked why and the employee with whom I spoke said they were moving more into the investment field which I took to mean catering to the wealthy not the "little" ordinary average people. I limit my in-bank appearance to ONCE A MONTH. That I can tolerate. I deposit or pay anything I need to pay. I don't get cash there. When I go to the market at Winco I can write my check for $40 over and at Walmart for $20 over the cost of the groceries. I can stand being annoyed once a month at the bank but that's my limit. Thank you for your reply and Happy Wednesday! :)
This post was edited by RosieG at April 10, 2019 9:02 AM MDT
That's just how it works. They are NOT going to cut into investors profits (or tech investors will go elsewhere). They're sure not going to slash their CEO's salary (or their bonuses). If they do rid themselves of some management positions, they'll just bring those positions back in a month or 2 (with different titles). In ANY business, the ones who always get the short end of the stick are the everyday employees.
Bank branches are becoming a thing of the past. ATMs and online banking have nearly made them obsolete. The Chase branch downtown here has gone from having 10 employees to having 2 - and the place is always devoid of customers (remember the days when you had to stand in lines at the bank?)
Have you ever been a freaking BANK TELLER? THEY SHOULD PAY THEM 40 an hour and I'd still hate the job. I'm sure it is a nice enough job but I would be SO BORED. AND SO BAD AT IT. I can't even balance a cash register drawer. I get sidetracked.
Shuhak 