{ "media_type": "text", "post_content": "Forget your company - how is your specific division/team doing in the age of Coronavirus? Any concerns about profitability or job security?", "post_id": "5e95f55a50e49400214f5e85", "reply_count": 4, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance", "feed_type": "crowd" }

Forget your company - how is your specific division/team doing in the age of Coronavirus? Any concerns about profitability or job security?

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Division’s up ~8% vs. plan and over 14% vs. prior year. Company as a whole isn’t doing too great but I’ll know just how bad next week. They still deferred merit increases and cut pay 5% - 10% in my division, now the company wants to preach a “team” environment when they never did anything to promote it before.

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Team is doing ok, relatively speaking no complaints. No concerns about layoffs now but that may change in the fall depending on the overall situation. Whenever I get frustrated about anything stupid I remind myself I’m lucky to have a stable income and my health rn.

How about you OP?

We got a jump on the WFH game (started enacting business continuity in early March) so we got a lot of the growing pains out of the way early. We’ve also spun up some new vol strategies to take advantage of the market conditions. Very fortunate that we had a good 2019 so the short term losses we experienced were just eating into that year’s profits. We’re not in the clear yet but I’m not worried about mid to long term prospects

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Thank you Gerry!

Post Photo
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