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I'm looking for a job... Please help...
Additional Posts in Jobs in Finance
After submitting my resume for the Global Finance and Business Management full time position at JP Morgan (my dream job!), I got a HireVue invite the next day! However, I completed it 9 days ago and still have no response....
When do we get a response in average, and after how much time does it mean I probably am not getting an offer to continue?
Thanks!
JPMorgan Chase JPMorgan Investment Management
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Yeah, don't take it personally... Our government sold its own people down the river in the name of lining their own pockets decades ago. We're just pawns in a system to make the rich, richer, and shareholders happy.
Unless you're in the upper upper crust, we're all just screwed.
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Budget cuts are not a reflection of your performance, it’s a reflection of the company being able to keep the lights on. You could have been at 200% on your monthly stats, it wouldn’t have changed anything.
As far as some folks from your group staying and some going. Typically, it really comes down to your compensation versus your peers. If you have 5 people with the same job, 3 who make $55k, 1 makes $67k and the other makes $83k, you can cut the two at the high end and hire another person for $50k, and still save $100k a year.
truth is company just views us as numbers (no matter how great the culture is), and resources. when they need to cut budget, nothing cant really stop it. if you have a good boss who's willing to protect the team, maybe things could be different, but your boss or event boss's boss could be on the same boat as you as well. No one's job is safe these days.
That’s the nature of capitalism. Profit first.
This happened to me on two jobs, one I was there 18 years and this last one 8 years. I was very surprised I was let go, considering my experience. It may have been my age, as I am close to retirement. I had a very hard time coming to terms with this, but I know for sure home is where I have to be for now. Maybe you are needed more where you are. Family, Friend, or Neighbors may need your help or support. Look around and see if this is exactly where you are to be. I pray you find the good in this situation and realize you are needed somewhere else. Maybe better things are coming your way. I wish you the best.
You’re a cog in the machine, you’re not family, you’re a line item.
It's a terrible feeling, but you have to do your best to not take it personally. I've been laid off twice and know many brilliant people who have been as well. At the end of the day, companies are out there to protect their bottom line, and if they're in the red or close to it, cutting down on labor is almost inevitable. Keep your head up and make job hunting your full time job, you'll be back on your feet soon enough.
Lets not pretend that only companies in the red or close are cutting jobs, corporate greed is is cutting people adrift. Morgan Stanley made 12.8 Billion dollars net profit in 2024 and we're cutting 2000 people, what is that.. Less then one percent of one perfect of 12 billion? This is nothing more then rich asshkles getting richer.
Accept that you're expendable and it may not even make sense. Most of my team was laid off and our positions outsourced. Manager even stated the ones that were left wouldn't have even been his choice to stay. Unfortunately, in these times it may be completely random or using metrics that shouldn't matter to the team. I do agree with other comments on boss that's willing to try to protect the team. IMO without putting effort, they just make the whole team seem more expendable.
Hi there! I fully understand where you are coming from. I experienced my incredible high performing team being suddenly laid off after years of dedicated service. It was a tough pill to swallow. To overcome and move forward I took some time to reflect on everything meaningful that my team accomplished and counted everything that I was grateful for. A grateful attitude goes a long way into shifting the mindset from “this happened to me” to “this is happening for me.” To which I’ll say, I’m sorry that you are going through a difficult time and sincerely hope that you find yourself in a better situation and working environment.
Congratulations on learning the important lesson that companies will never love you, loyalty does not exist. Now go forth and live well.
The same thing happened to me; I was the top performer on my team and was laid off.
Live and learn! Companies don't deserve loyalty. Do your job well but remember you're there for a paycheck.
In cases like that it's a formula. They can't take into account qualitative factors like you do good work. if you have one less day of seniority you go on the list before the person who started the day before, all other quantitative factors being equal. It's to minimize risk.
Happener to me last week - everything took 30 min from the moment I got notified to my accesses being revoked. While my boss was praising me 14 hrs earlier for project we finalized...
While shocked, I quickly realized that this happened the best way possible (my boss was kind of a d + got severence to keep me aflot for couple of months) and this is a sign from the universe 😅
This is how life and capitalism works like and it has NOTHING to do with you, we are just numbers for them. It does not reflect on your value as a human being or a employee. Process your absolutely valid feelings, whether its anger, sadness or resenentment - hell, I got super pissed for a while! You will emerge victorious and stranger from this experience, you just dont know it yet 😉
I like to believe that change, while uncomfortable and hard, is good and for "something". Cosmos has something better waiting for you, just keep going and keep your head up ❤️
Do. No. Take. It, Personally. It rarely is. Like it or not, you are just a number on a spreadsheet to the HR cost cutters. Look forward, not backward. Decide what/where you want to be and then move in that direction. If needed, take a temp-job to get some cash flowing to give yourself time.
Inflation is cumulative.
At some point the cost burden catches up with us and the companies alike when there's no relief. We all have to keep cutting back for the present and the future while carefully juggling both.
Taxes upon more taxes on everything, everybody, every entity and at every government level, local, state, fed and judicial is a heavy burden with no reward.
Maybe Elon is right? If we don't stop the government's insatiable spending none of us will survive.
One thing is for sure, we've been heading in the wrong direction for far too long.
According to my Op mgmt class in 1970 we made everything for ourselves. We had ZERO IMPORTS. To me that sounds like a healthy job market. What happened? There are dated videos of Presidents/CONGRESSPERSONS saying, "We're going to China". So who's really the problem? Why did they chase American companies away?
Then to burn down American companies especially when they're PUBLICALLY OWNED is all kind of crazy.
The financial impact hits multiple industries, like the bank that gave the business loan, the insurance company that insures the property, different suppliers and ALL of their EMPLOYEES.
All kind of crazy INDEED.
Maybe getting back to sound business practices and the original constitution is very likely the answer to some of these woes. NO TAXES aka Inflation(per govt).