All these posts the last few months really confused me. I left Jones in 2023 after being there about 5 years. Easy job but no real money, went to FinTech and TC is three times my Jones pay. Jones is a glorified pyramid, everyone in the finance industry knows that. That's why they only get people from Citi, the worst bank in the country, they just come to get a piece of the pie off the back of the FA's before it's too late. Calling it a "partnership" when nearly all of the profits goes to the GP's, OK partner. You do the grunt work, they make all the money. If you've been there years you already know that so why be so surprised now? You thought being at the bottom of a pyramid made you matter? You thought eventually you will be at the top too? If you don't get hired from the outside you will never be promoted unless you are a white woman, they get a little DEI without getting too dark around there. Don't be mad at people at the top, they were not hired to be good, that's what YOU are for. You work, they take trips..
THE BOTTOM EXISTS TO FEED THE TOP. If you aren't smart enough to leave just make your pennies before the place implodes when someone really investigates it
Someone posted about this before. SCAM
https://www.thelayoff.com/post/@OP+1k358h85a
7 replies (most recent on top)
@ae 100%. Everything that made the firm a wonderful place to work is gone. The people, the job itself, and good leaders worthy of respect.
@k2 I do not know about that. I have been laid off twice. I know other quality people who have been laid off. If you are a quality person who has skills that are valued finding work is always fairly easy. Take the severance, look for work, and view your time off as a paid vacation on Penny's dime.
@ee It's a lot easier to get a job when you already have one.
@ed I agree. But, do not leave just to leave. Make them pay you to leave. If you leave just to leave you let Penny and her team of tools off the hook and you are doing them a favor.
Yep, I’m out. Enjoy the low pay and HR bs! If you think things will get better after PP, just google what happened to Starbucks when they put an ex-McKinsey partner in as CEO.
@OP, by your comments and your "easy" 5 years, you weren't a good fit for the firm. Glad to see you've moved on.
Because there were always tradeoffs of some kind. High bonuses kept salaries somewhat competitive--demotion stole that
Wfh/ hybrid made it worth it-thats getting further and further eroded
Because even if advancement was hard, there was a good chance you worked with good people who made it tolerable
Etc. Etc. Now all that is gone