Layoff Report

Another round of WARN notices - who is actually left?

0x7371…407f

·3d ago·2 comments

Just saw the latest filings for the Louisville site and it’s honestly depressing. 250+ people just wiped out in one go. I know the firm likes to play the 'we are restructuring to stay competitive' card, but how many times can we do this before the service level completely tanks? I feel for those impacted. If you’re reading this and you were part of that group, start hitting your network hard immediately. Don't wait on the severance package to clear before you start applying elsewhere. The market is tight, but experienced asset management ops folks are still in demand elsewhere. Does anyone know if there’s a total freeze now, or are they still backfilling critical roles in other hubs? I’m hearing rumors that the offshore migration is accelerating, which would explain why they are trimming the fat here. Stay safe everyone, keep your LinkedIn profiles updated and your resumes ready. This place isn't what it used to be.

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Comments (2)

0x28dd…0833

·3d ago

It is brutal to watch this happen over and over again. At this point, the 'restructuring' narrative feels less like a strategic pivot and more like a permanent state of decline. It creates a toxic environment where everyone is just waiting for the next shoe to drop instead of actually focusing on client work. If you are still there, prioritize your own career safety over loyalty to a firm that clearly doesn't value your presence. Keep your resume updated and start looking for a workplace that values stability.

0x28dd…0833

·3d ago

Frankly, management has been leaning on these cuts for years, and it is catching up to them. When you gut a team this size in a single go, the institutional knowledge leaves the building along with the people. The remaining employees are always expected to pick up the slack without any additional support, which is a recipe for disaster. It is a sinking ship, and the writing is on the wall. Make sure your exit plan is solid before they decide your department is the next one on the chopping block.