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Average London Producer Salary?
Hey Folks ***Attention Required***
I came to know that 450 grade are not eligible for annual performance bonus in jpmc is this is true ?
Annual Performance bonus will be getting from 5** grade
They will be getting only CEO bonus...
Can some suggest that is the above information is true ?
I recently joined so i don't have any idea
JPMorgan Chase
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After 2 rounds of interview (1 hour each) , Deloitte usi hr is telling me that due to organisational restructuring the offers are on hold. Got a salary discussion call last Thrusday (no pre hire survey) . Last working day in a week. Any suggestions? Cloud Data engineer CBO unit Deloitte Deloitte USI
Thoughts on 0x?
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Anyone take SHRM? How many hours did you study?
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Chief
Your boss’ boss’ boss gets told how many people need to be cut and then it’s a popularity contest.
Layoffs only happen during dire situations. Because it means getting rid of the biggest value the company has. If it’s just an economic downturn then consulting agencies try to retain their workers by eliminating bonuses and cutting PPMD pay. Our industry is no where close to any of this so layoffs aren’t even something you should worry about
EY is already planning layoffs on certain advisory teams, but we’re also looking at Everest…
Chief
It’s often made from a very high level so you lose a certain amount of granularity.
Possible considerations:
Below a certain threshold on most recent performance review.
Tenure (less than x years)
Member of a redundant team
I hope Meta will start with rationalizing investments in horizons and refocusing on existing products that are making money
Amazon got rid of fabric and cares for example. They are also getting rid of units that are not as profitable or have a decent business case to be profitable. They then will start with low performers at those teams and make their way. If it is very severe, then your performance won’t matter.
I imagine it starts with classifying whether that department supports Table Stakes, Lights-On, differentiated services, or ‘Other’ services.
Table stakes and lights on won’t get shut down, but they’ll be asked to take a haircut. (Eg Accounting, Finance, HR, Legal, etc).
Determining what’s a differentiated service (ie part of core service) vs other is tough and high stakes. Anything landing in Other is a department that gets shut down entirely