MG is coming for your pension. Total comp is also going to be based more on “performance.” Aka, your mgr will have even more impact on your comp.
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@ej you are likely still in the top 10% of American earners. While I agree that things aren’t what they used to be, stop with the “woe is me” BS. You still have a life than many in the US and overseas could only dream of. The generous 401k match with a pension is top notch. Max that out and you can retire early and comfortably. Whiny little bi--h.
All the while everything is getting far more expensive. Home insurance, car insurance, home maintenance, repairs, property taxes, healthcare, child care, it's brutal. This industry used to provide for a really nice life if you worked hard ajd played your cards right. COVID changed everything and it's been in free fall ever since.
I heard MN said, “Let them eat cake….”
Most people who work here are grossly overpaid for what they do.
@ab they’re not going to keep real talent, and a lot of the real talent preempted what was coming and made a tactical exit.
time to move to ST for the trading bonuses
Imagine if these leaders thought of ways to grow the top line instead of penny pinching ...
@a8 compensated at market rate? lol. Maybe the market rate of an engineer in Bengaluru. Then we will truly be One Team!
If this is true, has a company gone to shot this fast before?
Constant reorgs, back to office, hot desking, centralized to Houston, flattened org with PSG limits, sht salary increases, and now a potential to remove the pension. Honestly, how are they going to get or keep real talent?
I heard that they were doing leveling of the PSGs to ensure everyone is compensated at near market rate. Are you saying that they're taking away benefits and reducing bonuses?