Thread regarding JPMorgan Chase & Co. layoffs

Should I take the package or try to stay in

Got 10 years in, then a lay off notice last week. Not sure if I should take the money and run of course this does kind of leave a sour taste in my mouth. Anyone else wanna share what they did?

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Post ID: @OP+11NvW7KZ

10 replies (most recent on top)

RUN! They keep doing this several times a year, it seems. No one is safe, not even in the Corporate Office in SA. Last year, senior mgmnt looked us straight in the eye and admitted "it's all about the money".

Yes, every company is in business to make money. That's the whole point. But when they send out company-wide quarterly emails detailing the billions of dollars of profit that quarter (of which YOU see none in your non-existent raises, BTW) it's awfully hard to take the kick out the door with a lot of pity.

RUN! Lots of the "other guys" are ready to scoop you up if you are a good, experienced worker. At a much higher salary as well!

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Post ID: @4vmh+11NvW7KZ

I took the package. Had 10 years too. Wasn't offered another internal position. Took a similar position with a local bank. Money is less but working conditions are alot better.

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Post ID: @2fpq+11NvW7KZ

No sure what is going on my they are sending people to training from Shoc Phoenix to. Jacksonville. Hmm. Any inside

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Post ID: @gwm+11NvW7KZ

No sure what is going on my they are sending people from Shoc Phoenix to. Jacksonville. Hmm. Any inside

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Post ID: @jgj+11NvW7KZ

Keep in mind you get doubly screwed on taxes. You are forced to take a lump sum after a full year of salary thus taxes at higher bracket.

Don't get me wrong though. Run don't walk to the exit. It will take you months at a new employer to get over how poorly Chase treated you. Getting praise and appreciation is a shock to the system.

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Post ID: @jwn+11NvW7KZ

BTW this was Jacksonville compliance area where the layoff occured.

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Post ID: @uie+11NvW7KZ

Good points and thanks for the responses. I never had come in my mouth but I could imagine this is what rape feels like

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Post ID: @vsx+11NvW7KZ

I applied for some internal jobs but I was honestly so ready to leave. Had my job move or be eliminated three times in my 13 years there. Took my seven months of severance and went to a new company.

Keep your options open. If there's an internal opportunity that appeals go for it. Don't worry about giving up the severance; odds are your new job will be eliminated in the next few years anyway.

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Post ID: @byw+11NvW7KZ

My group got laid off in 2016. A coworker of mine with 12 years took the severance money, had a long vacation, then ended up being hired back by Chase. He now has the same position he was laid off from. Point is - Don't burn any bridges on the way out and keep your options open.

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Post ID: @fst+11NvW7KZ

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