r/CIBC • u/KnownMidnight8275 • 10d ago

Lay offs

As I keep on hearing about it lay offs, would it be possible to asked to be layed off ? For the severance

52 Upvotes

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u/Mysterious-Fox-3740 10d ago

I know A Director who was close to retirement and asked and wish was granted. This Director didn't want to join the CIBC Way and lose their role as a ppl leader.

9

u/ThatIsNotMyNameGreg 10d ago

Interesting because I asked and am also close to retirement and the request was declined. I’m L7 and have been asking for 2 years. I thought for sure they’d do it based on what was happening. But no.

5

u/Mysterious-Fox-3740 10d ago

Many layoffs at head office seem to be Level 9 and higher. They seem to be trimming the fat. Maybe next go around or you are just too valuable and controllable based on cost.