Thread regarding JPMorgan Chase & Co. layoffs

Earnings report

Things are much better than expected. We beat estimates, revenue is significantly higher than predicted ($33.49 billion vs. $32.1 billion), and the stock followed suit and is up 2.6 percent. Shouldn't this mean that we're done with layoffs, at least for now? Why lay people off if we're doing so well? Or am I being too optimistic?

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Post ID: @OP+1jcTKBR3

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Yup, you definitely sound oblivious. People that work long enough then come and go realize it is not sustainable for their personal growth staying so they need new suckers to come in and keep them running

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Post ID: @2gjk+1jcTKBR3

I am a new hire. I don't know the place enough to know what to expect.

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Post ID: @1ehp+1jcTKBR3

They gotta give big bonus to the big guy while still having shareholders to feed. It is like expecting they will increase your salary that will beat inflation just because they did good…You are a new hire just got outta college ?

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Post ID: @euk+1jcTKBR3

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