When I left Kidder (an investment bank long gone) I got six months pay and benefits, a end-of year projected bonus based on my earnings for the firm from the prior year and a nice bottle of bubbly.
I even got a job. They were closing my department not down-sizing. My VP told me the firm didn't want to leave "blood on the street" (Wall Street). In other words, rep.
Now in 2008 this changed seriously. Cause banks were dropping over like flies. When Bear (Sterns) and Lehman failed it got worse. But I hear now it's back to worrying about "blood on the street".
None of this applied to the back-office staff. You got fired there, you got a few weeks and that was that.
I even got a job. They were closing my department not down-sizing. My VP told me the firm didn't want to leave "blood on the street" (Wall Street). In other words, rep.
Now in 2008 this changed seriously. Cause banks were dropping over like flies. When Bear (Sterns) and Lehman failed it got worse. But I hear now it's back to worrying about "blood on the street".
None of this applied to the back-office staff. You got fired there, you got a few weeks and that was that.