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No future for IT

Application Developer
Current Employee
Has worked at JPMorgan Chase for less than 1 year
April 22, 2010
Columbus, Ohio
1.0
Doesn't RecommendDoesn't Approve of CEO
Pros

Good vacation plan and decent healthcare.

Cons

More and more IT jobs are being outsourced to both offshore and onshore Indian contractors. TCS has taken over.

There have been layoffs which will likely continue as the jobs are given to Indian contractors. There is no opportunity for advancement and no new employees coming in, only more contractors.

Employee morale is very bad in some groups. Raises and bonuses were insulting and determined by a Director 2 levels up the org chart who I have never even met. Everybody gets "meets expectations" on their annual reviews which are a joke.

Advice to Management

Quit giving jobs to foreign contractors and quit taking such huge bonuses for yourselves.

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