We have several open positions and were just advised we had to stop interviewing and could not fill before the end of the year. What the he-l? We are all doing 2 and 3 jobs to try and get the work done and all of a sudden our funding is pulled?
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Yeah our manager told us there was a freeze then announces people joining the team. HUH?? Oh yeah —- friends and family.
What a joke. Hire more people that only drink the kool aid and don’t know squat about their role.
Some new hires external hires joined in our group and partners over the past 1-4 weeks, so not across the board.
This is Global Banking Technology
Departments may fold then....especially if large % of workers over $100k...those stock options could be worth close to nothing by the time they can be exercied...
Even if they say there is a hiring freeze. There will always be an exception for friends and family boarding.
Bunch of internal roles are getting closed out, seems the increase to salaries is the reason (prob should have communicated something with the LObs before posting a ton of new jobs) so yeah gonna get a little more money but a whole bunch more work
That’s a sign for layoffs coming soon.
Dept?
I would say that doesn't look good for your department. We have had several people leave but all have been replaced. Good chance you are not Client facing.
Which LOB are you working in?
If you are in EPT they need to stop hiring. Most people fiddle thumbs all day. Nobody works. They keep hiring more and no clue why as the work doesn’t indicate a need for new hires.
Do you work at Tesla?