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Laid Off Chat Live Talk Discussion
Harlan's "Laid off" get together"talk about it" share, - One Stop Help, 24/7 join in anytime, No Registering, No waiting, Immediate, No cost
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| JPMorgan IB Unethical Organization |
| After Bear Stearns Buy-out completed, JPMorgan replaced the exisitng IB tech head and now IB tech head is from ex Bear Stearns big boss. He hated "Project Mangement" concept and he started to replace the project managers/business analyst --- yes he only loves developers - although JPMorgan's style was a traditional SDLC model. Also, he started to replace Operation executive --- now IB Tech in JPMorgan is so perfonaly driven organization. They laid off 20% of employee in IB technology in March 2009 and all employee who got laid off were busines analysts. Also what JPMorgan did to reduce economoic impact to themselves due to NY State WARN Act notification amendment effective Feb 2009 (60 days notice to 90 days notice) is -- They let go employee in New york with 90 days notice and forced not to come back to work. And JPMorgan tells employee because you are not working in 90 days notice period, we will "adjust" additional 30 days - which means.. they reduce the employee's entitled severance pay although WARN act forces employers to pay 90 days pay regardless of working or not working.... JPMorgan should be shamed organization to fool employee to belive they are ethical... It's sooooo embarassing organization. |
| By : Ab : Male |
| Date/time : 14/07/09 02:46:10 |
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