More of a cover, really, giving higher-ups maneuvering room when deciding on layoffs or firings. They rarely reflect an employee's actual performance, skills, or value to the team. When your number's up, it doesn't matter that your role is critical or that you've excelled for years and know your corner inside out. Nobody's safe. The main guide is profits, and pretty much nothing else matters.
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I would say that if you came from JPM, you're safe. Otherwise, get your resume ready...
True