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Run away while you can

Vice President Engineering
Current Employee
Has worked at Morgan Stanley for 20 years
January 30, 2020
New York, New York
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Some of the old guard is still there, so one could learn a lot of classic technology solutions.

Cons

There was a layoff in December when NY IT lost around 5%. Management openly stated that they wanted to reduce NY IT headcount by 25%.

Same management now says "not this year," but is probably lying.

The company had the best earnings ever but cut my bonus by a third after an "exceeded expectations" review. My guess is others are way worse.

Many mission-critical projects are losing their best engineers.

One day, soon, something serious will break that would put the company's survival on the table. Upper management either has no idea how bad the situation really is, or does not care.

Run.

Advice to Management

Advice to the Board:

Replace upper management, especially IT, ASAP. They are delusional.

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