Every new round of cuts proves this further. It seems that older employees with higher pay are specifically targeted. Yes, younger employees are included as well but that seems more like a precautionary measure to avoid age discrimination lawsuits than anything else. All I'm saying is, if you are over 50, make sure you have a backup plan.
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Is there enough here to file a class action due to age discrimination?
Bruh, some of y'all barely know how to use a computer.
I made to 55 at Chase, but I'm gone now. Managers always gave me the most complex files and always asked me to assist younger, less experienced CUWs. They even had me audit the work quality of my coworkers that had the same position as me, which was somewhat uncomfortable. I'm a team player and was happy to assist managers, but when it came time for raises, bonuses, or recognition somehow that was forgotten. I was with Chase for 12+ years and many years did not get a raise or bonus. Good thing I had already accepted a VP level position at another lender with perm WFH when let me go. My advice is to interview with other lenders continuosly and make connections to the hiring managers. Then when they left you go you have a list of names of hiring managers to call.
Amazing in a company that is constantly talking about inclusiveness it has no programs that help older workers shine. One manager once told me why do we have to highlight or encourage them. They will be out soon, by other eliminations their job or working them out. They are old have no future.
To the person who said " Its always about whether you are still learning and staying relevant."
You are set up to be irrelevant. Training and its availability is targeted to younger staff. Even the actors in the online training classes reflect the younger staff and in instructor led classes the trainers engage and defer to them in Q&A sessions. These are the same individuals who are selected to train on the job new processes changes to products, while others have to do it on their on. And even when you learn on your own, and prove your worth, you are turned down for the job do to "lack of experience" while your younger colleague, who also has less experience, is moved into the position.
As someone approaching 50, Its never about age alone. Its always about whether you are still learning and staying relevant. At some point, people stop learning and stop contributing meaningfully. And eventually they get axed.
Not saying thats 100% of the cases, but this happens a lot. I'm sure there are cases where an undeserved 50+ got axed because the manager disnt like them or didnt know how good they were.
I just want to know how do these associates got promoted to become an associate in the first place? They don’t know what they are doing and I have to teach them what to do yet they still get better pay and ranks then us analysts lol
The only people who make it past 50 are Sr. executives for the mature look. For everyone else over 50 be ready because the Sandman is looking for you.