Thread regarding JPMorgan Chase & Co. layoffs

Firing older employees for cheaper ones

In the department I'm in they fired a whole bunch of people in Phoenix/Tempe in July and hired a whole bunch of people to do the exact same work in Tampa. If JPMC thinks they can fire a whole bunch of people and pay people less to do the same job somewhere else they will. There is no reason to believe this trend won't continue.

Yup, this is going on all over the place. The wort part is that it is perfectly legal, so they truly have no incentive not to do it.

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"Until they became conscious they will never rebel, and until after they have rebelled they cannot become conscious."

"The masses never revolt of their own accord, and they never revolt merely because they are oppressed. Indeed, so long as they are not permitted to have standards of comparison, they never even become aware that they are oppressed."

"Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right."

And now the best last quote from 1984 think about it re-read it if you want

"And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. 'Who controls the past' ran the Party slogan, 'controls the future: who controls the present controls the past"

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You go to this site plug in any other big name company and you would think you were on the same thread here

No one is left unscathed

This permeates all areas of our economy

This is only the beginning

Globalists won

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I live in MA lots of high tech in the area

We are swamped and I mean swamped with H1B ppl it's like living in another country when I go out in the area shopping or something.

I'm not xenophobic that's not my point

I'm just pointing out this is happening everywhere and with many types of corporations

Why pay a kid out of college $80k as a comp scientist instead of bringing ppl in from other countries for $40k

You can't win the numbers are not in our favor

This was the paradigm shift ppl discussed in the 80's only it wasn't noticeable right away it took a generation to kick in and feel it's wrath

Brutal

When bill g a t e s and others the billionaire elites said they wanted or thought we should float everyone's boats they didn't tell ppl you need to sink a few to do it

like American workers to get us down to their level

Get used to being only 5% of the world population we're sc re we d

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You ask how you should handle I don't know your relationship with your boss and his open it is and how senior you are but from my experience let him/her know you'd appreciate acknowledgement

If they won't or if you feel you can't send a group email that cc to your boss and to his/her uppers and express your accomplishment that you ALL collaborated on bring up your points/accomplishments that you worked on personally throw in a few ppl that helped do it doesn't look disingenuous but yea let them know

I mean if Kay offs are imminent or if ppl are cannibilizing one another you have it on record if the project

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There’s nothing more infuriating than someone taking credit for your work. I see this more and More We lead a long overdue project to completion and our boss tells the higher-ups it was his doing. How should you handle these situations? Is it okay to speak up right then and there? Or should you keep quiet? And how can you make sure that you get the credit you deserve in the future?

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You're delusional if you think Jamie Dimon and the rest of the Upper Exevutuve leadership doesn't want to laynpeople off. They save money on headcount reduction. Do more with less. Their bonus will be bigger. Screw the little guy. Facts.

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H1B abuse will continue under Trump - he is powerless to stop it. I was replaced by 3 Indians in my finance tech job. I was making too much money. They brought in H1B contract workers from Cognizant and fired all the full time people. America corporate world chews the big carrot

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OP why on earth do you think their are "younger" people in Tampa as opposed to Tempe lol if anything the old farts in Tampa are older. It all has to do with consolidation which also saves money.

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I don't work at JP Morgan but your CEO was spot on with his frustrations with government

Help your CEO

government has shackled corporate America

clearly he doesn't like having to cut jobs

Help your CEO

Help your country

Call Congress

Have them actually govern and legislate

Take action

Take control of your fate

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Happened to my father in the early 1980's

It's just broader to many industries

The outsourcing continues

Training your replacements continues

It's an ugly time

If you don't like it call Congtess

Demand repeal if Dodd-Fran

Repeal ACA

Lower corporate and personal taxes

Deregulation

Repatriate money

If you don't call

You are part of the problem

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