Great team but plagued by layoffs and poor morale - Operations Happen Bank Employee Review

Disgustingly large layoffs that impacted key members of teams who had deep instrumental knowledge of undocumented processes - they cleaned house and kept their corporate buddies employed that did not necessarily have the historical knowledge needed. It’s a very typical fake corporate positivity environment, where they preach about growth and fulfillment at work yet treat the Boston team horribly compared to SF and Utah. No opportunities for growth, deep structural and regulatory issues that were being swept under the rug, etc. Think it’s disgusting for them to have two major layoffs and not do anything to keep up morale and give proper benefits to those who were left to drown. Don’t acquire a bank if you’re going to ostracize and expel the capable people who built the piece of the company you were so eager to buy up.