Hmmm, the math checks out...
7 replies (most recent on top)
Bad 3 quarter recession with hyperinflation. it so far no significant job loss. We are lucky to be working here.
We’re now entering a third quarter of negative GDP so this is a major recession. The hot housing market has crashed due to affordability, the administration and the Fed are about to tank the stock markets with rate hikes even as they sl------r us with more fiscal irresponsibility to cause more inflation. Jobs are bound to be lost across the economy. Eerily similar to the 1970’s. I never thought that this could happen again.
I had thought for sure from reading predictions there that we would have a large September layoff. Doesn’t seem to be happening
An executive director and a managing director are something different at other firms.
I’ve never seen trimming at the top but it sure does make a lot of sense. We are so top heavy and really could stand to lose a layer or two of the high priced senior debating society. It almost doesn’t matter who is cut as the savings is greater than cutting a few thousand of the minions.
I have never seen so many "Directors" in this firm. In other banks, one needs to walk on water to become a ED, and to levitate to become a MD.
Yes! Too many overpriced and do-nothing executive managers, senior group managers, managing directors, and senior specialists should be fired and their big $$$$ salaries should be partially saved and partially used to properly compensate and retain real hardworking talent. This would be more financially effective than saving peanuts $ by laying off hardworking US employees and outsourcing their jobs to Chenai and Pune. look up on mysource how many do-nothing “executive managers” and “senior group managers” are Based at Home doing close to nothing, perhaps except for posting and reacting on LinkedIn during work hours, while low paid and hourly employees are forced to RTO.