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Laid off so MD can hire his buddy

Software Engineer
Former Employee
Worked at JPMorgan Chase for 6 years
August 31, 2023
Seattle, Washington
1.0
Doesn't RecommendPositive OutlookNo CEO Opinion
Pros

Direct coworkers are cool to work with, and one-level-up managers are, for the most part, good.

Cons

A new managing director came in and laid off tens of people, only to admit in an all-hands meeting right after that he did it so he could get his full bonus and that he wanted more budget to hire over his friend.

Advice to Management

At least admit fault for layoffs and try to sound empathetic.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
2.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
4.0
Compensation and Benefits
3.0
Senior Management
1.0

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JPMorgan Chase Interview Experiences