Thread regarding JPMorgan Chase & Co. layoffs

I think we all know if we are doing a good job or not and you honestly know that.

We do miss you sir and so ty for your service. Hope you come back soon

Chase loves to repurpose people to meet whatever the immediate need is. I’ve been thru it many times in my time. Then when the work slows, they will cull the lower ranking staff that can’t compete or produce or those who are over compensated. Most of this has been outsourced to Manila hasn’t it????. What do they need default staff for? Do you know yet? Mortgage originations is completely different than default - be prepared to be stressed to the max- the training stunk as did the system. I’ve done both there - do your best, bide your time until they move you back or reduce staff. Glad I left for a greener pasture.

People actually believe in mr diamond ? He showed us how “smart” he is when he said bitcoin was a fraud, I mean look at butcoin now. Thank god I didn’t believe him, “mr. ceo-of-the-biggest-bank-in-the-world” lol.....

That's a typical type of psychological treatment that upper and senior management will attempt to do in an effort to shuffle out employees. Instead of directly firing the employee, they will attempt to make your life miserable and rotate your job function to something that isn't what you had originally signed up for so you will fire yourself.

Embrace the change and do the minimum - you're on the target list to be "managed out".

Interesting, this does make more sense from a budget perspective. But mass firings aren/t sound. Probably cheaper to shake people out than pay. So far experiencing that on my own. I would rather take a payout too.