i Referred a very competent friend of mine for an open position Dev/Ops at JP. Instead of focusing on his skills , he was deemed not qualified by the Recruiter. I argue that it’s time to focus on closing the opportunity gap, not only for the benefit... — read more
Not Me!.. Jamie blames his employees.
https://www.cnbc.com/2020/09/08/jpmorgan-says-some-employees-have-fallen-short-as-bank-probes-abuses-of-government-relief-funds-.html
From the book of REVELATIONS
https://www.revealnews.org/episodes/homewreckers/
Massive cuts coming in 2021
I have knowledge that they are working with outside consultants for some massive cuts underway. Lots of jobs will be moving to India. The goal is a 50% headcount reduction with automation and customers moving to online platforms. Its over boys... — read more
I Get it! now
For years now I've noticed lots of incompetent people at JP. specially Many technogy VPs and above do not cut the mustard. I recall dealing with one that no one would question, even when incompetence was his best asset. It was clear, but somehow... — read more
Dimon is a criminal
Anyone else hate coming to work? I want to get a laid off and get a package.
Does Chase require employees to provide their own laptop?
Asking for a friend
Trading and Investment Jobs are Dying!
Let me tell you this sad fact: this industry is systematically shrinking. All jobs gone won’t come back. There will be more funds closing than opening in future. Less new jobs will be created. More smart people will fight for an investment or trading... — read more
Judge knocks down JPMorgan’s ‘almost laughable’ argument in win for Ameriprise advisor
“I don't see how you could come to the conclusion that a single financial advisor in a small branch bank in Okemos, Michigan, which is a suburb of Lansing, Michigan, could inflict irreparable harm on a financial giant like J.P. Morgan,” the judge... — read more
60% of stocks have not recovered
yey the stock market flying high, why is that? Wallstreet is not the Economy. and Yes, the stock market is a ponzi scheme but until the masses come to the same conclusion the scheme will be alive and well. I won't worry too much about the... — read more
End of year layoff for 2020
Any detailed information regarding this annual activity??
The swamp Dimon
Lawsuit: JPMorgan Chase Gave Preferential Treatment to Large Clients Seeking PPP Loans https://www.prnewswire.com/news-releases/lawsuit-jpmorgan-chase-gave-preferential-treatment-to-large-clients-seeking-ppp-loans-301102642.html
Upcoming Riffs
Anybody have any information on any upcoming riffs? I had heard there would be another round in September, but no details. Seems like there may be reductions in compliance and ops risk.
CCB layoffs
Any layoffs in CCB in NY metro? Does anyone have inside info?
Any layoff happening in 2020 in CIB/WholeSale Payments (Chase Merchant Services/Paymentech)
Not heard anything but I am too low on the food chain and since work from home, sitting in bat cave cut off from humanity.
Beat down?
Shocking to see this board is so quiet. Is it fear or apathy?
Risk org
Can anyone in the risk organization confirm if there’s layoffs looming? Considering open positions and am external. How large are the first and second line risk functions?
Affirmative Action
https://www.cnbc.com/2020/08/10/banks-and-tech-companies-including-jpmorgan-google-and-amazon-form-new-york-jobs-council.html
Whats the deal with Mandy Norton
Hi. Im a wells employee and Mandy Morton is getting ready to cut a ton of jobs. She has shown zero compliance knowledge and is only concerned with pushing the diversity card. Under her, wells has missed several key regulatory deadlines. Can someone... — read more
COVID Related leave due to distance learning
Does anyone have any experience as to what options are available? WFH is not feasible with 4 elementary kids doing online learning.
What Would You Do?
I know a manager who had an affair with a co-worker for months. When the person found out the manager was married, they threaten to tell the spouse. To keep quiet, the manager hired the co-worker's mother who was not qualified. Should I go to HR? — read more
Onboarding for new joiners
I joined at the NJ office in Feb end and barely went to office for a week before started wfh(high risk, have kids and my parents at home). Feel my onborading went somewhat slow, given the face-face interaction was no more and everything was virtual... — read more
CIB Layoffs
I heard there will be another round of layoffs this year in CIB Change Management. I have no further info. They already cut half of MMBSI so I do not know where they will find more people to cut. Perhaps they are hiring in Bangalore.
Last survey COVID-19
I’m a high risk and did the second survey but now getting a new one is due July 31. To confirm if still higher risk and living with elderly. Stating if I don’t reply I will considered as available to return. No sure if fill out the survey but at... — read more
Any layoff in Private Banking in AWM?
Any news or rumor?
Are they laying off h1b ?
Any idea they are laying off h1b in IT.
Any layoff in AWM?
My manager and director have started close door meetings and their is lot of anxiety in my team including me. Is there any news layoff in AWM?
id--t Dimon continues offshoring jobs to India
Jamie Dimon’s warning for the U.S. economy" nobody knows what comes next" REALLY? ...I KNOW...heavy offshoring and outsourcing. KEY POINTS The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer... — read more
CCB Impacted
570 closure of branches 709+ people out the job, The TFAR PROCESS already removed all access but basic. report will be offboarded immediately
Layoffs
Is anyone that has been laid off or has info be willing to say what departments are getting laid off? I know I am seeing CCB and CB, but what specific areas? credit card, mortgage, purchase, auto etc? And other than NY, NJ and FL are there other... — read more
How many were cut yesterday?
I heard it was brutal, do we have the full number by now? I tried to find info online, but shockingly, there is no mention of JP Morgan layoffs anywhere. I guess we as a country are so numb to layoffs by now that it doesn't even make the news... — read more
What's happening with layoffs?
Do we know if they'll continue today or are we are done?
And then we wonder why the company is sinking
I was RIFFED this morning, last day is August 29. 22 1/2 years, get 1 year pay. Cannot look internally because of hiring freeze through year end. Why would they do this during a Global Pandemic. Best part, 2 of 3 from my team let go, now they have no... — read more
LAYOFFS STARTING IN 45 DAYS!!!
A friend just heard he’s getting riffed in early September. CCB’s numbers are down.
JPM ran up big numbers today...
How can it be in a low interest rate environment??? People push this question the time. But JPM makes LESS than half its revenue from interest earning activities. Yes, the firm makes even more money when rates are climbing but this is not... — read more