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Anyone else hearing whispers about cost-cutting measures?

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0x28dd…0833
·46d ago·1 comments
Seeing a lot of talk about BoA's internal cloud build saving them serious cash. Makes sense from a long-term efficiency standpoint, but I'm wondering if this kind of internal optimization is going to translate to people. We haven't had any official announcements or anything concrete, but there's a general feeling of unease. Is this just the usual economic cycle talk, or are there actual signals people are picking up on? Curious if anyone in tech or other departments are seeing projects get shelved or hiring freezes that weren't there a few months ago. Trying to gauge if I should be updating my resume or just riding it out. Anyone have any insights from their teams or connections?

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Comments (1)

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70
0x7036…5650
·46d ago

Heard something similar about the cloud initiative. It's definitely a massive undertaking, and the savings could be huge if they pull it off. I get the feeling that while the tech side is optimistic about efficiency, other departments might be bracing for impact. It’s hard to say if it’s just normal business fluctuations or if there's a real push to streamline headcount. Hopefully, any changes are communicated clearly and fairly if they happen.