Thread regarding JPMorgan Chase & Co. layoffs


Morning Coffee: The 2017 pre job cuts have begun and they’re happening here and you will be reject you unfairly, when they announce bonuses in January, surplus staff are dismissed early in the New Year. That will be the time when the pink slips fly.

I know they would love to terminate employees as part of its annual performance review process as soon as possible, but The rationale for the cuts are clear, integration and automation are at play,The fewer people who have a claim on the diminished pool, the more there’ll be to go around, therefore Directors and VPs will get a much bigger bonus check, for saving the company money by taking your job, the elite always prevails, good luck to all the affected

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Lots of layoffs in 2018!

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Yeah, Ahab's gotta keep paying Ina Drew for the whale.

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Companies are too cheap to train people they want the perfect employee

AI is coming

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JP Morgan don’t develop their workers and don’t hire internally, the constant turnover ultimately sends a message to us the employees. For the Past 2 years this process has accelerated and will intensify during the next several years thanks to the latest GTI initiatives.

For a while I've seen the new millennials continue to flow into our workforce with expectations of career growth and coaching, and little fear of a job-hopping stigma. If JP Morgan don’t provide career opportunities, they will leave, and they are.

In the end, the cycle of replacing employees only winds up costing more than skilling up, but again don't tell the elites that run this company at every level, they are oblivious to this fact.

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