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Any word on layoffs at JPM?
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Extra tenure helps to an extent but too long and that’s probably another risk factor.
Bigger risk factors are if you’re perceived as a good worker, and your salary. More than tenure imo
I believe for protected class reasons, they often try to mix things up just to say they weren’t targeting a specific group. Ex: they want to get rid a ton of director level bloat so the random juniors or mid-level gets cut just so they can’t be accused of targeting for age.
Yeah, legally they have to mix it up or they have a lawsuit on their hands.
The best people at all levels are safer. Weaker people at levels are at risk. The more they get paid and the weaker they are, the more they are at risk. Tenure seldom comes into the decision making. But all things being equal, agencies don’t like paying much severance, so they’d prefer to not exit the person who’s been there longer.
A trend I noticed with the layoffs at my company this year was that many of those let go had been with the company for nearly 10 years or close to it. Some were long-term employees, generally known for having an okay-ish performance
I feel like they tend to get rid of the people who have been there longer.
Chief
Clean house (low performing talent), then cut the most expensive.
Most recent round of layoffs at Epsilon targeted seniors with surgical precision. Quickest way to shed costs, I guess.
In my experience it really does not matter.