/biz/ - Business & Finance

>>53925512
you signed the contract

>>53925512
Never question your capitalist overlords. They know best.

>>53925512
Lmao post the article.
They signed on to that shit in the offer letter.

https://nypost.com/2023/03/03/jpmorgan-chase-requires-workers-give-6-months-notice/

Kinda gay though. I would just do something that would require that they fire me.

>>53925512

Or what? They going to break my shins and haul me into the server room?

Those companies give massive bonuses and sabbaticals. I've met several people (all women ironically) that were on sabbatical from JPM, Barclays, one of other City of London banks who were waiting for their March bonuses to quit anyway.

So it makes sense. It's.more about revoking any employee benefits or even requiring compensation from shitty employees like the assholes I've met gaming banks.

>>53925512
The tech industry will only continue to balloon in importance over the next decade. Those who think its going away or diminishing have no clue at all.

>>53925550
No one is forcing anyone to sign shitty contracts you commie nigger

>>53925591
Good morning sir!
You forfeit your profit interest shares.

>>53925512
Just tell them you are quitting to go through with your gender transition.

>>53925633
...except the people hiring you?
>no contract, no jobbie
>ok, guess I'll starve
Stupid nignog

>>53926963
Work for the govt like me poorfag. Work life balance plus all the power at your fingertips. Chuds tremble at you

>>53927006

>Thanks for taking the vax, Goyim!

They cant legitimately enforce that contract anyway. It falls under the definition of modern slavery. Besides even then you can just become a complacent employee and they’ll want to fire you regardless.

>>53925512
Cool, 6 months of paid gaming and screwing around in the office

>>53925512
In this life you can do whatever you want or die trying.

>>53925512
No

>>53925512
Or what? Exactly.

>>53925633
>nobody is FORCING you
ahhaah classic

>>53925512
What are they going to do if I don't obey or continue working for six months? Fire me?

>>53925591
would be a shame if your goy score dropped 500 points and no bank will do business with you.

>>53925512
>give 6 month notice (kek)
>get fired 2 weeks later

>>53928461
probably weasel themselves into withholding your pay because you're stealing their time and you end paying them for 6 months instead

>day 1 at new job
>give 6 months notice

>>53925512
It used to be three months' notice as standard for VP and above in JPM London when I was there. Last year, they made everyone in the algo trading dev teams switch to six months' notice. Doesn't surpise me they've done this. Retention in banks is very poor in software engineering because the work is invariably shit and people get bored quickly, as you spend 80% of your time debugging other people's shit in in a 50m line monolithic proprietary code repo.

>>53925595
It depends on what you consider a massive bonus. You get a fraction of what someone with the same title gets on the trading side.

You guys realize dumbass millennials caused this, right? They have a habit of quitting, and fucking over everyone around them because of some stupid selfish me avocado toast shit. "waaah I'm not fulfilled and not the CEO yet so I'll do me shit and let all of the people I worked with for 5 years pick up the pieces." Fuck them and their parents for instilling such shitty, selfish values. I don't leave a job without making sure the people around me are in good shape.

Why Millennials Quit: Understanding a New Workforce [Report]
https://fowmedia.com/why-millennials-quit-understanding-a-new-workforce-report/

>>53928479
This. Look, I'm 1 month into my 6 month notice so you'll just have to wait until I circle back on that.

>>53929974
Millenials quit because boomers and gen x made it more profitable to find a new job than to stay at your current one, boomer.

>>53925512
Fucking bastards. What happens if you don’t oblige?

>oh but we'll fire you overnight if we feel like it

>>53929974
Awwww did the poor boomer / gen x perma middle manager forget to keep his wages competitive? Sorry stinky, but I'm gonna have to skip our 1on1 to do an interview, let's circle back next week

Don’t work for someone, unless you’re an npc

>>53929974
>we're not evil, you FORCED us to do this goy!!

We will eat you from the inside out just like you did to us.

>>53925573
>I would just do something that would require that they fire me.
Finally an excuse to reveal one's power level and start spouting off Jewish overrepresentation in the financial institutions connected to the tech industry... or call everyone a nigger. Either works

>>53930410
>Every email starts with calling someone nigger or kike.
>Too valuable to fire so they have to take it for months.

>>53930298
That's cool, I understand. But just admit you have no loyalty, ideals, duty, conviction, or regard for others. Its all about YOU. Fuck big companies, but If you take the job... leave respectfully. Fuck greedy hypocritical university faculty, but if you take the student loan... pay it back.

There's always an excuse for the self-absorption and lack of accountability... then you wonder why you're depressed.

Lonely, burned out, and depressed: The state of millennials' mental health in 2020
https://www.businessinsider.com/millennials-mental-health-burnout-lonely-depressed-money-stress#millennials-are-experiencing-a-health-shock-largely-fueled-by-a-decline-in-mental-health-1

>>53928673
Was formerly a tech worker in finance and had a similar experience. They resent tech, underpay and overwork you. It's basically a necessary evil to them so I left after 5 years. Only gave two weeks.

>>53925595
> Diversity hires get "massive sabbaticals"
Color me surprised

>>53930819
idk how to tell you boss but the slaves is on strike theys just whistlin in the fields i tried to tell um boss man gonna be real mad when he find out and they said nigger get gone

>>53930819
>But just admit you have no loyalty, ideals, duty, conviction, or regard for others. Its all about YOU.
Yes we act like are capitalistic overlords, so?

The world is ran by libertarians and neoliberals who'll tell you to pull yourself up by your bootstraps and stop eating takeaway every week so no, UBI will not be happening and the people who happened to garner all the wealth in the world by sheer luck will live in their 50 million dollar homes while you'll be paying 3000 dollars a month for rent working 2 jobs and never have the spare time to ensure every last bit of productivity is squeezed out of your existence so the people at top can afford one more ferrari and you won't ever have the time or energy to revolt at them. You'll literally be just like the chinese sweatshop workers you've heard of. Why don't they do anything about their situation? It's because they can't. The wealthy are completely disconnected from the rest of society and the police and military that work for them are paid more than the average person they're scolding to ensure the wealthy are kept safe. You had you last chance to flip things over during the 20th century when socialism took root but the world chose to rip out those roots and here's the aftermath. But hey, at least capitalism breeds innovation or something (you'll still be defending the system after they've turned you into a hamster in a wheel)

>>53929974
Millennials quit because we're tired of babysitting idiot boomers who don't deserve their salaries. Fucking retards can't do anything right, want to pay people pennies, and can't wrap their balding heads around why no one wants to work for them.

Fuck boomers. They all deserve to rot, alone, in shitty nursing homes.

>>53932123
I was with you until you mentioned communism. That works out well every time doesn't it? It's just a different breed of assholes at the top in that system and nobody apart from the military has a chance to revolt.

>>53930819
>be honorable and fair with a satanic system designed to crush you for every cent you're worth and leave you wrung out like a desiccated rag because... you just have to, ok!
the boomernigger generation has set up an economy wide spike pit for their own children and demand that everyone jumps in because thats just how things work so you have to. you are such soulless amoral bags of cancer that even jews flinch when they see how badly you are fucking everyone over just to cling to a comfortable life to your last day. when my parents get old enough i will send them to the most niggerified abusive retirement home cause the fucking cunts sold and squandered a farm estate and two family homes to travel around doing fucking nothing

>>53929974
your chances of getting a promotion from bossman for sitting still and being a good goy is basically zero, might as well try and bullshit your way up the ladder

>>53927006
Wait are you a 4chan glowie shill? How can I break into this field?

JPM can maybe start to pay front-office comp. for their tech wagies then maybe people might consider sticking around. Agree with >>53928673, tradfi routinely underpays their tech staff despite it being a growingly important part of their business.

Front-office brings in sales, that's true, but start paying tech wagies enormous bonuses and cut them in on deals otherwise you're gonna see senior people evaporate into startups and defi with vastly better compensation packages (including substantial equity which isn't meme public stock options).

>>53932154
This is exactly my experience at ((very Blue-colored legacy tech firm)). Full of uppity, high pay-band boomers who think they know best, talk a big game, and NEVER deliver. Most barely even know how to use a computer, but they know how to sound real big in meetings.

>>53929974
hey boomer
1. ill crack your fucking skull.
2. oh no, ill just work in your company for 10 years and never get any promotions while i watch you get 200k doing nothing all day not knowing how to open excel.

i totally wont get another job where i actually can get promoted to manager and get promotions faggot@!

>>53931237
Just woke up, is this from a book? If not, maybe I'm still asleep but this reads like some classic literature kek

>>53925512
WAGIE
BACK IN CAGIE

>>53929974
Uh oh... Boomie-woomie's having trouble staffing his team!

>>53925512
lol
In this job market they’re gonna have a hard time recruiting any new ones

>>53932172
You can’t blame an individual or in this case your parents for an entire society

>>53932172
incredibly based. even the mediocre intensive-care homes are pretty bad, but the worst ones are downright hellholes. think about who is working there. high school flunkies, stoners, airheads. those places are a catch-all for unskilled labor.

>>53925512
Dude, fuck working for JPM. Unironically heard that JPM interns in NYC have their bathroom breaks timed by management. If your bathroom break exceeds 5 minutes, you get in trouble.

>>53925512
>>53925521
>>53925550
>>53925573
>>53925591
>>53925595
>>53925623
>>53925633
>>53925717
>>53926936
>>53926963

LMAO this has to be some American thing

>6 months notice

How exacty?

>I call in sick next day
>Sorry i think I might have a burnout
>My back hurts i'm super tense
>Doctor says I need to take it easy for a little while

good luck paying me for another 6 months with me doing 0 (ZERO) fucking work lmao

or are Americans forced to work at gunpoint or something?

Jesus christ imagine living in such a cucked country you have to be forced to keep working for 6 months and dont even get paid when you call in sick lololol

And they dare to call europe a third world lmao

I literally got paid 6 months for work during my sick time and did nothing but stay at home playing vidya

All perfectly legal

>>53925512
lol wtf if I wanted to quit I wouldn't stick around for half a year what a joke.

>>53932626
You signed a contract. They can sue you.

>>53925512
>giving any number of days notice that isn't zero
>at any job ever

>>53932726
Well, when you stack boxes at amazon, i agree that a notice wouldn't be necessary.
But when you actually work on projects including multiple people during the entire year or more, maybe a notice isn't such a bad thing

>>53930563
i'm quite literally in a position like that right now. it's very amusing.

This is normal in the UK for anything vaguely senior. The other side of this is that the company can't fire you without 6 months notice (even if they don't want you there they have to give you the severance or give you no work).

>>53930819
>Its all about YOU
yeah. why wouldn't i only think of what's good for me? nobody else cares about me but me.

>>53932807
>>53932814
shocking revelation

>>53927552
This anon knows.

If you are really worried, tell your boss you have had a good offer from a competitor and you will see how fast your company access gets revoked so you don't take any further company IP. They wiill happy pay out the rest of your "notice period"

They can force you to stay 6 months but they cannot force you to be productive in those 6 months

What are they gonna do, fire you? Lmao.

>>53925512
Based.

Fuck white collar workers. Get back to the office, fuckfaces.

>>53925512

They can't do anything to stop you from quitting. This shit always makes me laugh. This isn't Cyberpunk 2077 (yet). Your employer can't arrest you of you don't show up for work.

>>53933482
B-b-but I need a good reference. How can I get past Shaniqua in HR at my dream gig if I don't have a good reference from my previous employer???

>>53925623
Absolute delusion. The vast majority of these "tech" companies (really scam Zombie companies) out of Silicon Valley with shit revenue, high debt and growing expenses have only came into existence within the last 10 years only and solely due to the cheap liquidity provided by the Fed's QE experiment of the past decade. A reversion to the mean is overdue from this experiment in the 2010's.
Now that liquidity is no longer cheap and is drying up, these zombie companies who would have never existed in a normal economy are going to implode and take all their venture capital firms and bank shareholders down with them. FTX was just a taste of things to come in this high interest rate environment- there are dozens if not hundreds of unprofitable, overleveraged, scam zombie companies in the tech sector just like this- hiding in the shadows, knowing their end is drawing near.

>>53932795
Companies lay you off with 0 day notice, so they obviously dont have a problem

>>53925512
i dont get this at every cagie i worked at people with real access to the goods, as these tech workers certainly have, get insta fired the moment they they voice the desire to leave
so they cant steal even more ip for their next employer or worse put a few landmines in there for the next guy

especially in this job market for competent tech talent how do they expect to enforce any of this
or are people really this cucked that they tremble in fear this might get on their permanent record

>>53933482
Wrong. They threatened railroad workers with imprissonment if they went on strike recently.

>>53932123
Same, but also this
>>53932158

Capitalism ironically works great as long as the government functions correctly. The problem begins when political office becomes a career; the people making the decisions never have to live under the rules theyve created. Soon after, companies grow large enough to afford "donations" that magically outweigh the greater good of the people. Amongst other things, once large companies are allowed shitty practices for profit, the others large and small have to follow suit to stay competitive. It wrecks the whole chain top to bottom.

When you can answer how it is that literally 90%+ of politicians have millions, and multiple homes in different states when the pay at the top of the ladder in senate and Congress is 170k, you'll be close to the answer of what went wrong.

Capitalism hasn't failed. The government that's supposed to keep it honest has failed. It thrives for the greater good of the country when 'by the people, for the people" is upheld.

>>53925521
You can't enforce illegal contracts.

>>53933507
I didn't say Silicon Valley will be sticking around ;)

>>53932832
This anon DEFINITELY knows. I work in telecom and my company is known to instantly fire anyone going to a competitor.

>>53925512
>but we'll fire you on the spot
only works if the employer follows the same notice

>>53928673
Okay but what's the stake here? What do you forfeit if you quit anyways?

>>53933482
They can take away your perks though, which is literally thousands in free money.

>>53933932

>Threatened

I don't fucking care you absolute retard. Anybody can threaten anything they want. That doesn't mean they'll actually do it. Private companies don't have the power to arrest people.

Stop LARPing in your fantasy world. It'll make you more retarded than even NPC normies.

>>53933996

And? We're talking about jail. Follow the thread.

>>53932123
Dumb commie. Even crony capitalism offers you a chance to slip through the cracks. No such thing in your corrupt utopia.

>>53933987
If you quit you're not entitled to unemployment, but if you're fired you are entitled
Basically, you wanna get fired to get extra money

>>53934029
Well I meant with respect to JPMC anon. They can't force you not to quit but they can withhold a severance or something

>>53934015
fucking nigger

>>53932558
You'd need to prove that to your employer, not just make shit up like and scatter some chicken bones like they do in your third world ESL country. We have standards here.

>>53934046

Watch your fucking mouth.

>>53934099
https://www.youtube.com/shorts/kWGXmdFjv0Q

>>53932558
I want to take 2 weeks of unpaid leave from aviation industry work, for a qualification license, got denied, so I went to my GO and got 2½ weeks of stress leave.

>>53934167

https://youtu.be/xH_S92UF4_M

>>53925512
>requires
Lmao, entitled niggers. I'd legit stop showing up to work until they fired me and I'd get 6 months of unemployment.
>>53925521
It's not an actual choice, nigger. This is the equivalent to slavery. They have leverage over you so they know they can abuse you. System is set up this way on purpose to make you their BITCH. People like you are into that shit though. I bet you like literally getting stepped on by jewish men as a fetish, huh?
>fuck yes, my overlords! Thank you!
Man the fuck up, pussy.

>>53933967
I wonder though. Government is in bed with employers. It's only a matter of time before it becomes legal for employers to ask for anything.
"Hey, in the contract it says you're my slave for life and have to suck me off or I can sue you for everything you own. Hey, you signed the contract!"
I can almost see this dystopian shit playing out

> be jpm rival
> poach their talent
> give their old employees a nice bonus if they complete their first six months with us

DEVILISH

>>53934327
>Nation states cease existing
>Its Mega corporations that take over
>You are born into a Mega Corporation and owned by them, life time allegiance
>They war each other over shit to make more money

Sounds like this game, are you ready for the mega-crop time line?
https://www.youtube.com/watch?v=rHXpifo8mdw

>>53925623
The tech world is just beginning. I make money from it and invest in BTC, ETH, Allianceblock and Polygon. It's here to stay.

>>53932795
>Well
Didn't read further. Fuck you!

Read the article
> A spokesperson for JPMorgan Chase told The Post: “In line with other e-trading organizations, some of our algo trading technology employees have an extended notice period. This affects a very small portion – less than 100 – of our 57,000 technologists.”

>>53932558
>american thing
Worker contracts in lots of european countries have pretty much the same policy, you quit and still need to work for 1-6months depending on how long your employment was, same thing for getting fired, employer has to pay you still for that time

>>53933996
They cannot unless that power is in your contract. If they take away perks unjustifiably, then sue. They'll put you on leave, probably also illegally, so you can sue for more.

>>53925512
test

>>53929974
>Inherit all the wealth
>Don't pay millennials fair wage, import migrants instead
>Millennials stop working
>Why are millennials so lazy?

Fuck you, you sold out your country for money, I hope you rot in hell

>>53930819
>Just take accountability for the shitty socio-economic environment you were born in!

>>53932172
>boomernigger generation has set up an economy wide spike pit for their own children
Totally agree. Boomers are perhaps the most selfish group of worthless parasitic fucks that ever lived. Took all the hard work prior generations did to improve their kids' lot in life and fucked it all for themselves. No doubt.

But that that excuse millennials for not having loyalty, ideals, duty, conviction, or regard for others? Can you just leave when others are counting on you?

>>53935296
Not at all- I totally get it, it is unfair. I'm just wondering if Millennials will take accountability for anything.

>>53926963
>I HAVE to work at JPMorgan doing tech stuff! It's a basic human right!
Work at a corner store that doesn't require a fucking contract, or sell your soul and get rich. stop fucking complaining that you have to sacrifice your morals to get a ridiculously high-paying job.

>>53932558
I work in Ísland and it is the same thing except longer. But also the employers cannot fire you without 3 months notice... This is not the case in USA LOL

>>53930819
>But just admit you have no loyalty, ideals, duty, conviction, or regard for others.
I will freely admit I have no loyalty to a fucking corporation, which exists to make money. You are out of your mind if you think I don't care about my friends and family, i. e. the things that matter, boomoid.

>>53937110
i, for one, would celebrate the great reconciliation (in minecraft).

accountability for all.

>>53937211
this seems like a fair system. A company gives me 3 months notice before firing me, I give them 3 months notice before I quit.

>>53935229
>Millennials stop working
I'm on your side of the economic argument, I certainly would not work in such an unfair, exploitative, and predatory environment.

But we're not talking about "stop working." We're talking about "quitting." There's a big difference.

>>53937218
>I will freely admit I have no loyalty to a fucking corporation, which exists to make money.
What about co-workers?

>>53932558
>dont even get paid when you call in sick lololol
Why the fuck would you pay someone for not working?

Hidden benefit of job hopping - it gives you diverse set of skills in different industries, project experience, etc and also keeps you fresh to what employers are looking for. I know several boomers who were skull fucked in 2008 recession because they lost the job they’ve had for 18 years at some random company and absolutely had no way to get a comparable job because they were only taught to do one thing.


It’s like if you had a man become single after an 18 year relationship compared to someone who dates around. Imagine how fucked that boomer would be in the age of dating apps, dealing with sloots, ghosting, etc

Boomers view losing a job as equivalent to a family member dying, it’s pathetic lmao. Millennials lose a job and it’s just a paid vacation

>>53937747
>Boomers view losing a job as equivalent to a family member dying
Your not joking.

>>53937747
>It’s like if you had a man become single after an 18 year relationship compared to someone who dates around. Imagine how fucked that boomer would be in the age of dating apps, dealing with sloots, ghosting, etc
exactly. in my cunt during the coof troubles, shitloads of people got laid off, heaps of boomers. For months there was news articles and radio segments with complaining boomers 'i can't get a job' blaming it on ageism, discrimination etc. 'i've applied for 40 jobs and not one has called back' 'sometimes they don't even let you know you haven't got the job'.

I was told I wasn't ambitious enough at the 11 dollar an hour machine shop I worked at, put me on 12 hour shifts, I stood in one place all day checking parts that robots made just to see 1 thing was done right, standing on concrete

Literally the most monotonous thing they moved me to, then when supervisor walked by I told him I'm putting in 2 weeks, never came back again

I worked there a year before that

>>53925512
>accept new job anyway
>wfh doing both jobs
>NOOOOO you have to work hard for your last 6 months!

Not my problem

based. back in cagie wagie

>>53937229
>accountability for all.
Thanks for the honest answer anon.

>>53925512
lol what are they gonna do if you leave and disappear, fire you?

>>53933507
Anon just because some companies are useless doesn't mean tech is just going to up and disappear

I mean really, think about it dude. You think we're just going to stop the tech industry? Now that our lives literally revolve around it? The tech industry will evolve to be like healthcare, a requirement to society as the framework of our modern world is built upon it. Every cycle or so the fat will be trimmed and the tech companies that actually provide a product that millions actually use (not botfarm numbers) will weather the storm while trendy brands bite the dust. I'm not even a tech worker, but this idea that the framework of our society is just going to cease to exist or suddenly have a significant decrease in demand is just nonsense. It's also not like these companies are just gonna sit around and twiddle their dicks for the next x amount of years while we deal with this. They will look for new things to break into and new departments will open, just on a more conservative scale instead of having a mass hiring event.

>>53937971
Lmao yea saw and heard this firsthand myself. Crying about how they applied for soooo many jobs aka half ass online applications, and are really trying but muh ageism. It’s because if you spent your entire career in 1 or 2 roles doing something super specific in a singular industry and you lose your job then you really will only be a good fit for a tiny handful of jobs out there.

Good luck boomers

>>53925595
Hmm. That helps me understand. I'm not reading the article because I'm not that engaged, but I work for a large bank and I'm getting paid parental leave soon.
I wonder, if you got several months off for parental leave and then quit would you owe this company backpay because you retroactively don't have that leave?
Like how if I go into annual leave debt and then quit, I owe them money.

At Will Employment includes the ability to quit at will.

>>53938877
And yes, I'm as gobsmacked at the fact that it works in favor employees in this instance where they're trying to force employees to keep working for six months as anyone else, given that it's usually used against employees.

>>53925512
>6 months notice vs fired at 4:59pm on a Friday
This scales seem to be tipped too far in one direction.

>>53925512
kek wagies can't even get out of the cagie when they finally burn out
6 MORE MONTHS WAGIE