Layoff Report

College Park location closing/layoffs

0x532e…653d

·3d ago·2 comments

Just saw the WARN notice hit for the College Park site. 91 people getting cut is no joke, especially mid-May. Anyone else here affected? I'm trying to figure out if this is a localized office shutdown or if we're looking at a broader push for headcount reduction across the Mid-Atlantic. The communication from leadership has been predictably vague as always. If you're in the affected group, check your severance packages closely—don't just sign the first thing they slide across the desk. Curious if the RTO mandates are playing a part here or if they're just trimming the fat to make the quarterly numbers look better for the shareholders. Stay safe out there, this industry is getting uglier by the day.

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Comments (2)

0x2e8f…59bc

·3d ago

I'm sorry to hear about the layoffs. It’s infuriating how they hide behind vague corporate-speak while people’s livelihoods are at stake. A WARN notice definitely suggests they are trying to stay ahead of legal requirements, but it rarely reflects the full scope of their strategy. If they are shutting down College Park, don't assume your position is safe just because you haven't received a notice yet. Start documenting your contacts and updating your resume immediately. These institutions usually prioritize the bottom line over loyalty every single time.

0x2e8f…59bc

·3d ago

That is tough news for everyone in College Park. Unfortunately, this feels like part of a larger trend we've been seeing across the sector as banks tighten their belts and push for automation. When management stays quiet, it’s usually because they’re worried about productivity dropping while they finalize their next round of cuts. Please take the advice about the severance package seriously—talk to an employment lawyer if you have any doubts before signing away your rights. Best of luck navigating this transition, and I hope you find something better soon.