Or are these layoffs specifically to get rid of people with higher pay?
When I say newer, I mean newer - less than six months with the bank.
I'm asking because a lot of threads talk about people over 50 being targeted, being laid off, and very few mention younger folks and newer employees.
Thanks for info in advance!
I have seen several people laid off from my own group and others, yet they have hired 2 younger people this month in another area within the group. The company expects loyalty from its employees but their not even considering moving you to areas where there is work. It's obvious what they are doing. All the other banks are doing the same. Just hope it bites them in the end. At the very least what will the economy look like when so many older workers are displaced with 10 or so years left till retirement and no benefits.
My exhibit C had 50+ listed with one 43.
My observation is that the newer and sometimes younger employees make more money.
The "firm" is smart in this way. They will sacrifice some younger employees in their 20's and 30's to prevent age discrimination law suits from the higher percentages of high 40's to 60's getting cut. They will diversify just enough to build a defense.
I saw a 26 on mine...
Attachment C from my package had somebody in their early twenties on it. After that it was 31 and up.