Is there a push to fire people? Our inventory is down, but leadership just raised production requirements a lot for employees. Are they just raising production expectations to fire a lot of people?
11 replies (most recent on top)
May 1st more layoffs coming. Just got word
Yep!
Basically!
This is not related to the home lending layoffs.
I got laid off in the last cuts, does anyone mind sharing what the new production goals are? Thank you in advance if you share
This is JPMC BAU. People get laid off they don't get fired. Firing is way too complicated now. HR is not there to help employees, they're there to not let the company get litigated against. Layoffs are much more "clean". Remember JPMC wants you to do 2-4 jobs so they can layoff the others to save money...
Overall there is a push since less people are around. Also, JP Morgan is getting sued and JD took some trips to the island. That’s not good. Need to protect their capital and sell more loans to cover the losses
Do as your told and increase production lol otherwise you're fired 🤣
Well I guess that's why there's a "push to fire" on your team. Let's all stay complacent and questions to as why management wants to increase the productivity requirement. Then let us NOT question the culture as if COVID didn't just happen, and things are changing. GENIUS.
No. It is normal for people to not get promoted or fired at the bank. This is not an up or out culture.
First time at a big bank? If your dept. had promotions and no layoffs, then yes, people will be fired. Is there a job posting online but no physical opening to be seen? Then yes, people will be fired. Common sense really. People were promoted for a reason.