Anyone being laid off or furloughed?

Works at JP Morgan Securities

I find it pretty interesting that during this downturn nobody in finance has been talking about being laid off or furloughed. I take it as quite a positive sign compared to 08/09. Obviously, that as a finance induced recession vs. health crisis. Not sure how much WSO is a gauge of the overall employment market, but seems to be a positive sign.

Comments (10)

May 21, 2020

Furlough checking in.

Also surprised by not seeing too much about it. I guess it's still pretty early and a little different than 08/09. Also feel like people wouldn't bee too enthusiastic to post about it, unless they were asking for help on what to do next.

  • Works at JP Morgan Securities
May 23, 2020

Agreed. Im furloughed too. Im sure theres people out there but seems so thin. I dont exprct layoffs really but mainly furloughs to keep costs down until market picls back up.

  • VP in ER
May 21, 2020

Someone who has been laid off checking in. Have already found a new/better gig, but it sucked at the time.

  • Works at JP Morgan Securities
May 21, 2020

Were you laid off during Covid? If so, thats pretty impressive you got another job quickly. Congrats.

May 23, 2020

Forreal - damn impressive. I guess he/she knew who to call.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • Analyst 1 in IB-M&A
May 21, 2020

heard a rumor of William Blair laying off people this week

May 21, 2020

I gave notice at my HF for May bc I'm going to b school and I wanted to travel...
we got wiped out by the crash and told me I could not stay on past april

  • Analyst 1 in CB
May 21, 2020

Where I am it was announced that no one would be laid off or furloughed. I would think that's BS from any other bank but the numbers look solid. However, there have been some pretty interesting cost-cutting tactics. Among them, a lot of the older people simultaneously retired. Pretty clever if you ask me. Dealing with the current market has pretty much everyone worked, so if you are somebody's grandpa I hope you are not here sending emails at 2 am. And also it would be shitty to have the people vulnerable to Corona going to the office every day. So I'm sure this wasn't too hard of a sell.

    • 1
May 24, 2020

Humans, they should actually be saying no firings in 2020 but at the same time, internally, they should be hyping up the fact that bonues will be zero, prompting people to leave like fireflies so then they won't even have to fire that many people and look so bad on January 1, 2021...

This is kind of what my firm is doing. People are leaving like fireflies in the sky...

I think you know what I am doing.

May 24, 2020
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