Everyone should prepare. If you’re not in the inner circle of GS and JPM you’re out.
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@Otto, you do realize the wfh positions aren’t permanent, don’t you? The majority of those won’t last a year.
Here's the final solution...
https://www.highereducationinquirer.org/2023/12/ai-robot-capitalists-will-destroy-human.html
Seriously, the economy has come roaring back
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
It’s a great time to move with a substantial raise.
Why do you need to be in the inner circle of GS and JPM? they compete with each other and BNYM and have nothing to do with one another?
They have to trim the fat from all of these new Work from Home roles due to Syracuse and Oriskany closing house
Does anyone know how large the Jan 8th layoff round going to be? All other 2023 rounds were rather non-events with just one or two people in select groups. Any idea if support groups such as Internal Audit and Risk and Compliance likely to be more affected this time around?
(b) You are eligible to receive SUB Pay not to exceed the greater of: two weeks of base pay for each full year of continuous service (subject to a maximum of 52 weeks); or a specified number of weeks of base pay based on your global grade level. Except as noted below, the SUB Pay will be paid in periodic installment payments consistent with the Company’s payroll practices then in effect. Your base pay (e.g., weekly salary, “benefits base” or pay rate, as applicable) at the time of your Separation Date will be used in determining the amount of your periodic installment payments. Years of service are generally measured from your hire or rehire date and are rounded up to the next full year. Your initial and/or final installments of SUB Pay will be pro-rated if your period of payments does not correspond to the related regular payroll periods.
I have heard of no change in sub-pay packages from previous years. I believe those ongoing rumors continue to be false. As far as the job market being "hot", that is not the experience I have been hearing from people - at least in financial services for sure. A couple of my coworkers have been out nearly a year now - both good people. I'm hearing there are lots of "open positions", but few call-backs, interviews, or actual hiring. Have heard similar stories from others in different industries. I guess it depends a lot on what kind of job you're looking for.
I wouldn’t worry so much. Remember we had the same worries for January 6, 2023 and absolutely nothing happened when HR imploded. It was 1/2 of 1% after all the dust settled.
Should I expect a meeting invite from HR? This has changed so much through the years.
We are in the hottest job market in four years. anyone with skills can name your price. Read the article and take advantage of it.
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
The job market has been on fire. Recommend that you self examine to determine what mental barrier you have set up to rationalize not looking for a new position.
I heard the same from some folks. I heard that they are drastically cut from previous years. Hopefully it is just rumors. The market is not good now. It will be hard to find a comparable job.
How are the severance packages now? I heard they had changed
I want my Christmas present on January 8th please… a layoff notice
Robin, This is the BNYMellon layoff forum.
You’ll find GS after BNYM and JPM after that.
Good luck with your layoffs dude.
Week before bonus announcement, nice