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this post was submitted on 24 Aug 2023
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I can't believe I'm going to defend the big banks, but are you suggesting they should keep unneeded staff on payroll if the company is profitable?
Hey youre salaried right?
Yup
Great, we laid off 3 people and you need to work 100 hour weeks to keep things going
Do I get paid more?
You can get paid in unemployment if you keep sassing like that
Note, I have been given the line that I am expected to work 100 hour weeks. No I am not joking.
I don't think that's the case here:
https://financialpost.com/pmn/business-pmn/rbc-plans-to-trim-jobs-as-ceo-mckay-vows-more-cost-cuts-to-come
Im going to upvote just because you provided a link to backup your argument. Need more of that.
Edit: Just thumbed through the report, and based on my experience my above scenerio is still likely what is happening as well. Amount of work wil remain the same, but fewer people to do it.
Maybe. It's probably tone-deaf of me to say this, but in my experience "wealth management" advisors are glorified salespeople who funnel people into their bank's overpriced mutual funds. Those people deserve the chance to a good livelihood, but that particular job is not great (and I would never suggest that people see a bank for investments to begin with).
This has to be the most bad-faith reply I've gotten in a long time. Where did I say any of the things you're ranting about?
I started typing a reply to this but I don't even know where to begin. Good luck in your future endeavours.
In short, yes. At the very least this would allow for better work-life balance for their employees. If that was any priority of theirs.