Forget about an MBA or Series whatever exam you need, just study Hindi then move to India to keep your job
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I just got an encrypted email from my Manger asking if I want to participate in training new staff. New staff is in Manila and 3rd party consultants in the US. Should I be worried? Very weird since I have never received an encrypted email in many years of working for this manager. Seems like the end is near.
To the last commentator, was thinking the same thing. Makes sense to cut before people are eligible for match/bonuses...otherwise double pay with severance factored in, which would actually be huge increase assuming you can find a job within a few months (considering unemployment).
Every year there are Fall cuts. You have to be out 45 days before the end of year so they don't have to give 401k match? So they can cut until mid November? If not now, stuck here until March.
My old group saw layoffs yesterday. So glad I'm not a part of the train wreck anymore.
@jmq+17rIXcH3 - Wasn't that last year? And this year again? Oh, wait... they switched it up and did it BEFORE EAW... Right.
In JPMC.Youth-obsessed culture, the devastating plight of older workers is glaringly overlooked. We are all having challenges dealing with the virus outbreak. Over the last six months, over 60 million Americans lost their jobs. The weekly jobless report from the U.S. Department of Labor released Thursday indicated that another 870,000 Americans filed for unemployment benefits.
As bad as these numbers are, it's even worse. There’s a dirty little secret that no one likes to talk about because it's very uncomfortable. According to research from the University of Chicago, “the pandemic has derailed the finances and careers of individuals of all ages” and wreaked havoc on older people—particularly those who are 50 years of age and older.
Many seasoned workers have found themselves between jobs. I’ve spoken and communicated with several dozen people who are 40 years of age and older and they’ve said that it's getting nearly impossible to find a new role at the level and compensation that they previously earned. Many of them, as months go by, realize that searching for a new job is futile and throw in the towel.
An uncomfortable amount of the 45-and-over crowd have been forced to take jobs at the Home Depot or take on gig-economy-type roles, just to pay the bills and get health insurance. A large percentage have just given up on the job hunt and called it a day. Sadly, the experienced people were unceremoniously pushed out of the job market and did not leave on their own volition.
Let's be brutally honest—New York and other states sent Covid-infected patients to nursing homes without conducting appropriate testing, which resulted in tens of thousands of deaths. This is a clear sign of how we devalue the worth of this group of people. The entire mantra of the medical community and politicians at the offset of the outbreak was to “protect the old, sick and infirmed.” The reality is that we didn’t pay that much attention to them and warehoused our parents and grandparents in nursing homes—two or three to a room—and allowed them to baste in coronavirus until they took sick and died. Requests from families and friends to visit their loved ones was denied. They were also prohibited from having traditional religious services or funerals.
These actions highlight our treatment of older people. It's not surprising that workers 40 years or older face tough difficulties in the job market. They fall victim to the “juniorization of jobs,” erosion of middle management, relocation of jobs to lower-cost locations and an unconscious bias in the hiring process.
If you casually check out the career sites of major corporations, you’ll be greeted with fresh, shiny and happy faces of 23 to 33 year olds. When you go to tech, startup and “cool” companies, the young staffers are wearing beanies, jeans, T-shirts and hoodies. Once in a while, there will be a token, grey-haired person. The message is clear. ”This is the type of person who works here. If you look like them, we want you to join us.
We need 30% bonus instead of usual 12%ish every year.
Instead of wasting time on meaningless events or giving out stuff with its name slapped on them, how about give us something more practical like some more cash instead? Your bonus s**k
There is no safe time. JPMORGAN is always looking for ways to cut costs. Maybe the only safe time is employee appreciation week. I remember a couple of years ago there was a big layoff right after EAW.