Since NYC workers are paid the highest to perform the same roles as people paid much less in other locations, does it not make sense that they are probably at greater risk? If it's about saving money, wouldn't you cut out the biggest bills? #Budgeting101
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Layoff will happen for other places like UK, other countries.
For US, they might use Return to Office as an option. With this they can put you in performance plan and reduce Severance pay.
Lol. OK, Gordon Gecko. More like Jordan Belfort. There are many BAU folks in NYC as well
New York are the heavy hitters. We bring in the revenue.
The not coming in to the office termination is a different thing. For that you can get put on PIP and then potentially fired. But not connected to the restructuring.
Might be if nyc employees are not coming to office. The office mandates 3 days compared to other locations where it is 2 days
Complete bs. It’s not location specific. If you’re in a role or team that doesn’t fit the new structure, irrelevant where you are based. People are just making cr-p up based on zero facts
Safest are FTEs in Irving, Texas and Tampa, Florida.
True. Most will occur in HCOL areas
Yes, Jane will lay herself off
Wrong
It really depends, hard to find people that can do Quant and Derivatives outside of NYC. In my experience, the floridians are generally lazy.