Are there pay cut involved when JPMC is asking it's employees to move to Plano or other tier 2 cities from NYC? Anybody has any first hand info. No body is telling anything here. So far our group in CIB seems unaffected.. but you never know.
I would say no. That would have to be part of the agreement
I wouldn't agree to a pay cut within the same country. Ask for a raise even
There is and isn’t. I know a person who was given 15% cut and another one who was given no cut. The one with a cut didn’t move and now is in a diff LoB.
They are incentivizing employees to move to those locations by letting them keep their NY salaries
I know someone who moved, kept salary, but they locked salary for 5 years. Still could get bonus though.
What kind of shit is this?! Why not just walk away ... I wouldn’t move for a corporate job where I had no skin in the game.
Of course there's a pay cut it's a different col area
For people who are asked to move, pretty sure there isn’t a pay cut for them.