1.0
Jan 27, 2023
Former employee, more than 1 year
Recommend
CEO approval
Business Outlook
Pros
Prior to the merger, it was a great place to work.
Cons
During and after the NYCB merger, things changed. We had to be extra profitable so the leadership could get their big payout and bounce. Round after round of layoffs culminating in a massive cut on 1/26. No notice layoff with zero compassion, delivered in a robotic five minute speech on WebEx. The heart of this company left with the former CEO. I understand business decisions and profitability and shareholders but a company absorbing another company and then stepping in and cleaning house with no warning or care is beyond the pale. May everyone behind these decisions step on a Lego.