Thread regarding JPMorgan Chase & Co. layoffs

Some of us are not blaming others. We have been there for a while and have seen the labor injustice and understand what is happening. Bank executives have consistently looked for cheap labor, from the beginning of banking. They, the financial gurus, understand how to make a buck without being loyal to staff. Look at JPM the CEO makes 31 million Dollars this while the average salary for an analyst is between $74,000 to $80,000. That's 387 to 418 times what is an analyst's average salary. And as more jobs are moved out to countries where the average salary is 1/2 this he still will be reaping more . I am not saying not to reward him but be more in sync with the overall staff's salary. Isn't making 100 times or even 200 times enough? He is part of today's version of land barons. And he is rewarded by POTUS with takes cuts that benefit him but increase taxes on his average workers.

He can afford to go to the best specialist, while his staff have to pray the insurance they pay for will provide for their needs now and hopefully their out of pocket won't bankrupt them. I can go on but I am getting angry at the person who said stop gripping.

The problem is employees forget they are also stock holders. They impact the business and their 401K.
As stock holders hold the key to change.

Managers get RIF managers who care, know the business and voice their opinion when they selectively pick who stays or goes. Those EDs and MDs with their own agenda's get rid of anyone with who disagrees with their policies and decisions. The disagreement was never a problem at JPM. In the past these senior managers wanted to hear other opinions, whether in line or not with them understanding this was a way to weigh the risk/reward and prepare alternative plans if things didn't go as planed. (As long as it was respectfully done, with facts, examples and yes sometimes passion, but respectful to the those who opposed the contra opinion.

But that is to much work and effort.

As a stock holder, I question the honesty and frankness of lower managers opinion's and respect managers, program managers, executives have for them. I am concerned that the fear of retribution, in this organization and in others like it, will face bottom line issues in the future with these toddler mentality managers who feel respectful negative feedback and disagreement spoken in confidence is traitorous and a reason for being transferred or RIF'd. Eventually there will be a costly mistake caused by "only positive feedback".

Why care about the company when the company doesn't care about you? Do you think they care how valuable you are or all the weekend and late night hours you put in for the company? When they decide to cut you, they cut you. So just shut-up, do your work, and stop complaining. It's not your company. Remember, you just work there.

So many people here are wasting their life blaming others for their circumstances.

How someone can be promoting people and bear not responsibility with that decision? when things go wrong after that....?

there are Air head everywhere at JP Morgan.

you realized this now? lol the managers they are spineless

agreed. fearful managers. they don't give a sht about how the company is doing - if the company goes down they can always blame everyone and everything else.