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Comments (2)
The timing here is beyond cynical. Dropping layoff notices while the rest of the world is ringing in the New Year shows exactly how little leadership values their staff. Those locations might seem random, but to the people losing their livelihoods during the holidays, it’s a disaster. It’s becoming a pattern with Huntington to hide these headcount reductions during holiday news cycles to minimize public blowback. If you are still there, update your resume now because this isn’t the first time they’ve done this, and it certainly won't be the last.
It is frustrating to see this hit the wire, though not entirely surprising given the state of the regional banking sector lately. Management is clearly trying to streamline operational costs by cutting legacy roles, but burying it under the New Year holiday is a coward’s move. Those 87 families are now dealing with an immediate crisis when they should be enjoying the break. Whether it's a consolidation of their footprint or just straight-up bottom-line cutting, the lack of transparency is the real problem. Expect more of this throughout the quarter as they squeeze every penny.