Brace yourselves... https://www.reuters.com/article/us-jp-morgan-layoffs/jpmorgan-plans-to-cut-hundreds-of-jobs-in-consumer-unit-bloomberg-idUSKBN1ZS041
Ugh was hoping it would happen to me in CIB 😭
Don't worry, it's coming to CIB too
Jpm needs some cuts... Big time
Anyone been through this before at JPMC and have a sense of what lay-off packages tend to look like?
It's all tenure based. There is a document that goes over it on the HR page
Yikes...
Does this bother anyone else? Record breaking year, but we gotta cut costs! Will it reach a point where trying to squeeze alpha ends up causing downturn?
waiting will just make it easier for amazon or startups or the competitor to cut cost first and leave u behind
It’s all about CEO/board compensation.
Consumer unit? As in ccb?
Yes