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Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank
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Yes. My CSA II was let go this week and I hear more are going to be let go soon from lending. I heard 17% will be reduced in overall headcount
Some one else said the 17% here in these chats. As I said it is what I heard not sure if a fact but I hear it’s mainly the lending lob
Seems like all big banks are doing it BNYM wells Citi
Keeps coming up on here but no one is providing any real details
There is a lot of chatter, no nothing happening… my location would have to report it to the state- nothing is showing on that list, yet
Sometimes they do the layoff, but keep people on as inactive employees to keep the element of surprise. They do the layoff and then on the same day report the official layoff date as 90days after they announce it to the employees. It’s sneaky.
I have not
Yeah, MLO’s across the country will be getting laid off or asked to move into a different position. The lower producing ones
Bofa do layoffs each year not completely surprising.
Most are in the Asian market