To my old team still hanging on: stop waiting for a miracle! You know it’s not coming. Update your resumes and go. Life’s way better when you stop hoping that place will change.
16 replies (most recent on top)
@ys 1-2x over many years is liveable, especially if you add another 1x in shares and are highly paid in the first place. Share price su-ks in recent years, but it all still adds to the pile. A lot of folks have done ok out of this place by sticking around and compounding their gains.
@yp woah, 2-4x bonus is liveable, not 1-2x, need a second Jag for weekends and dry docking my boat near the river is expensive
@y1 ya that the issue buddy. A lot of leaders have been getting paid well and can afford to just pack up and go. Whereas a lot of rank and file workers can not just do that because their pay isn’t as good. I would love to get 1-2x bonuses plus shares….. let alone a good salary.
@y0 the company was supposed to diversify internationally a long time ago. That hasn’t happened as much as possible. AUM is still heavily US concentrated. OUS leaders have done arguably a poor job, but have got paid handsomely. However, I don’t think the comments were restricted to just EMEA, likely an example of leaders being poor but paid well.
@wv Not so 'crazy' if people have been working for 25/30 years and made enough money to survive without pay. If you have been getting a good salary and a bonus of 1x or 2x that salary each year for a good few years, plus shares, you might have quite a bit in the tank.
@wv I guess they are the benefits of being in leadership? You can trace that line of thought all the way from the top given the comp headlines several months ago? Not sure any of the guys that left in EMEA "got us into this predicament"...but I am not close enough to that region to know the details. Anyone else know the story?
It’s crazy to think that the people who can just ‘resign because they had enough’ as one person put it in another post re London are the leaders that likely got everyone in this predicament. Whereas the workers who need the job have to grind through all the muck and deal with their mistakes.
@hr good for you! Sometimes you gotta have faith and back yourself. Easier in some roles than others though.
i left a couple of months ago after getting two offers in a 30 day period— have some hope and execute
Mediocre managers at T. Rowe that bully and belittle make this place probably worse than unemployment for some
The market is bad. I have sent out resumes for jobs seemingly written for my skillset, with not so much as a phone screen interview request, Sadly, a lot of job announcements for fields like tech and accounting are BS. They post them so they can "prove" they could not find a willing American to take the job so they can farm more work out to H1B workers or Indian Offshoring firms. Ever since our Prez has been taking big donations from Big Tech, it seems companies can't lay off Americans and offshore jobs fast enough. I would not advise young folks not to pursue fields in either. As long as Dbag companies are allowed to discriminate against Americans for cheap labor this will snowball until there is no US based tech knowledge at all.
Depending on tenure, severance can be a good number for some. Mine’s still open. And the job market is horrible right now. Trust me.
@av yeah dawg job market is tough. Clip the cheque and look for a better job. Probably 80% of the company
@av Yep there in lies the issue. The hard working diligent associates are having to pitch in and cover for the lazy ones. Leadership are clueless AF as well and get dazzled by show ponies that don’t do any real work.
Maryland job market is not so great right now so there's no choice but to try to hold out no matter how horrible it is.
Some people need the money so no choice padre. A lot of quiet quitters I think as well. Super eassssy to cruise at TRP. Some lazy as ppl here too.