So they told us in June that they didn't think there wouldnt be anymore layoffs for the rest of the year but now they're saying there will probably be some more. GTI s---s and their head is so far up their own asses that they don't care. The upper management just want their bonus and screw the customer. This support model s---s.
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JPMChase just had a meeting yesterday announcing that 50% of the GTI staff @ Jersey City location was going to be terminated to make room for the Sr management move from 270 park renovation. It's very sad to have learned this especially when they told people that automation was not going to replace them, but instead sharpen our toolset.
at JP The first step from the engineering org's standpoint is that all of the directors will get a request from HR and their bosses to force rank their employees, of course they would rate everyone but themselves, and that is how the GTI Engineers are now gone, the ones that actually worked, while the fat cats secure a new initiative and forget the old ones with out accomplishments, sound familiar? Get ready for October the clock is ticking
Old school computer education was far superior to the low level expertise coming out of other countries
Top universities (MIT etc) still supply it with elite students but the vast majority being trained educated schooled in software are not the skill set needed for what has been created that needs to be maintained
In fact the more complex the system the more skilled of a team working on you need.
All companies want to cut costs eventually you reach a point where either you pay top dollar for the expertise you need or you fail
It's all fine to say GTI automation is going to steal lots of jobs but to anyone who works in software testing, the big question is, who's going to make sure that the automation works well? Anyone who's ever worked on a software project knows that even the simplest project takes a lot of work to get right and even then it's never 100%
The wave of automation has barely begun to wash over the our banking world, but it is inexorably coming. This will begin with the automation of the more data driven positions (think markets and trading) and will quickly spread into those more specialized areas (corporate finance) that require more specific knowledge, Players are going to save lots money on personnel,for their own benefit.
As a professional in the AI field, I have to say that most professions that rely on applying specialized knowledge in dynamic arenas are vulnerable to AI threats. While it is true that many of the AIs cannot match top level human performance yet. It becomes a cost/benefit decision, something JP knows very well how to do, getting rid of old workers to hire more useless management .
Very interesting that the latest ReOrgsafter failed projects, the solution? RIF people that acrually did work, and for us not Knowing which type of change our organization is undergoing is critical our your success, my manager is NUMB....A very common reason for failure in change is leaders inadvertently using approaches that do not fit the type of change they are leading. Is this happening in your organization?