A contractor PM in statestreet bank europe was escorted out by security today. The female MD in sales at SSB Europe refused to even sign the full notice period of 5 days.
This was after he turned down a 30% pay cut ultimatum or be fired. Shocking.
5 replies (most recent on top)
@RXNarrF-1nyk Yes, many workers who are laid off end up earning 25% - 30% less than what they were earning.
- Lay offs. Wow don’t know how Apple can just change a word that’s already typed. Sorry there
So where are the majority of Katie’s occurring. 7000 is a big number no matter how discreetly it occurs.
Think they have dodged a bullet in the long run. I'm over 50, was laid off by State Street and found a better job with better pay. It's not all bad out there if you stay away for the finance industry.
If she was over 50yr she should have taken the pay cut and be grateful she still has a job.
The current job market is not kind to older workers, I speak from experience.
I know many workers over 50yr and under 50yr who were laid off and found new jobs paying at
least 25% + less than they were making at State Street.