Thread regarding JPMorgan Chase & Co. layoffs

Recent news article regarding Chase hiring practices

I have to laugh when I see articles about the hiring efforts of Chase to hire veterans, people with criminal records etc. Jaime Dimon stating that employees would count more than shareholders. At the same time alot of work is being transferred to Manila and the higher paid employees (including some military veterans like myself) are being let go. Saying one thing in public, but doing something else behind closed doors. People say they don't like unions, and unions can't do anything, but if we had a union in my office, at least we would've had a say in who got laid off. Last hired, first fired type of deal. Instead management makes the decision, and Lord only knows how they do that!

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Post ID: @OP+11D6r7yk

15 replies (most recent on top)

Corporate America is a mess. It is just not JP Morgan. All companies are doing this nonsense H1-B
c-ap, This is a high crime and no politicians are taking any action. The pathetic state of the country.

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Post ID: @1tlvc+11D6r7yk

They talk a good talk. You can post, but you won’t be rehired until you severance expires. If they rehire at all.

Starting salaries in some departments are a lot less than they were 2 years ago and managers are not willing to chance head count by hiring at a hirer rate. So If you posted while getting severance or during that time until termination you most likely will get a not qualified notice even if you did the exact same functions under the new job name. (A practice much used). After the severance you might be offered a position for less money.

Also, many jobs are already pegged for personnel interviewed before the jobs are posted. The interviews are a joke.

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Post ID: @14mxd+11D6r7yk

I agree with the earlier post about hiring practices in Chase. Upper management ( Dimon etc.) talk a good game about inclusion & equality in hiring. But that isn't the internal practice, sups hire their friends regardless of whether they're qualified for the position or not.

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Post ID: @Szdj+11D6r7yk

Clearly the negative comments are coming from upper management. It's good to know how they really feel about call center level jobs and our men and women that serve our country. I don't believe those individuals are so stupid that they don't understand the concept of progression. It's the way the employees were treated as they were shoved out the door like pigs. . Absolutely no respect. D–g smuggling b–tards.

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Post ID: @Eqwd+11D6r7yk

OP, I don't know what being a veteran has anything to do with your argument. There are great employees that didn't go into the military that are getting the same exact treatment. Don't use your time in (which benefited you btw) as a crutch, its a bad look.

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Post ID: @ahuu+11D6r7yk

I guess JPMorgan should not invest in technological innovation. Customers are dictating the experience they want, and it’s clear they want automation and the ability to self serve via online and app functions. An unfortunate consequence is less people are needed to serve traditional call center roles. Hopefully all or most can find other jobs at Chase, but the company must adapt to what the market/customer dictates or the entire company will ultimately fail. I have to laugh when I read comments blaming everything from Dimon being an id–t and terrible hiring practices as the cause call center positions are being reduced. I get it. It feels good to complain and pretend we are all smarter than the executives and CEO’s.

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Post ID: @3zsa+11D6r7yk

What happened to the post about the fraud/market manipulation it the precious metals market?

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Post ID: @2jgh+11D6r7yk

Mr Dimon,
I was very disappointed to see the recent news of sending Hundreds of jobs overseas. The idea sounds great, not in the economy when you know as well as I do we are facing another MAJOR Recession in 2020, I'm not stupid.

Then today I see where you want to hire criminals/ex criminals, AGAIN, I Truly Believe everyone deserves a Second chance again do you not realize your timing is HORRIBLE. I work with people, very Tenured people who don't know how they are going to go tell their families what you have decided to do?

This same thing happened to me after 32 years with a very Respected 115 year old company in 2008 at the last recession. I was released with 4,000 other people the morning of December 8,2008, so Please Believe me I know how ir feels and AGAIN I am facing the same situation with Chase, I would have NEVER thought this would happen.

I am very Thankful and Blessed as I can and will take early retirement and never work for the man again as long as I live again I will make it, I have my Faith.
My heart goes out to all of the Colleagues who will lose their homes, automobiles Families etc while all of the CEO's in the country enjoy their money and this Beautiful Holiday season coming up.

I was relieved of my duties after 32 years with 4,000 other colleagues on December 8, 2008.

Have you Mr.Dimon ever had to look your Family in the face 2 weeks before the Most Hold day of the year and say I'm so sorry, there will not be a Christmas this year. I don't wish this on my worst enemy.

Thank you for listening.

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Post ID: @1hvh+11D6r7yk

Same boat im also in ohio and that was my very first question is there really enough of jobs to place all of card service's.

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Post ID: @ixi+11D6r7yk

Thanks for serving your country. Sorry to hear you got laid off.

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Post ID: @qof+11D6r7yk

Which Department in Tampa got layed off today? Thanks for the info.

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Post ID: @vvz+11D6r7yk

Just layoff many folks in Tampa today.

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Post ID: @dbn+11D6r7yk

I was in Milwaukee. I was with the company for 10 years. Never any issues with performance until the last year. Then all of a sudden i was made to feel like I was useless. I interviewed for another position in Milwaukee, but was never offered the position. I could have done it too. Oh well. their loss. Milwaukee Tower is terrible. Managers promote friends that are 20 over people that have been working longer than those friends have been alive. they are all going to be replaced by Manilla eventually anyway.

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Post ID: @ani+11D6r7yk

Our dept in Columbus is being closed and they swear they can get everyone into new positions. They said there are 15,000 jobs but when you look internally it’s only 500+ in Ohio open. Then think in that most of the jobs being displaced are entry level, the open positions quickly change because most require way different experience.

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Post ID: @eov+11D6r7yk

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