Company: J-P-Morgan
Date: 2013-09-24
Overall rating: 1/5
Employment status: former
Experience level: Junior

Draconian!
Pros: Stock options.  Nothing else that I can think of.
Cons: Very oppressive & severe working conditions!   Cares only about making money at the expense of the employee! Management closed down the building I was working in at Hicksville, NY as he decided to outsource our jobs to India.  Some 1500 employees were laid off.  Most of these families had families. If the employee decided to remain with the bank then he/she had to transfer to either Tampa (which the bank later closed after a lot of employees had moved to), San Antonio, Tempe &/or Garden City where they still had to endure the same harsh conditions.  While the bank was willing to pay the move of the employee & his/her family together with giving them $5000 cash to restart life, they stated that if the employee were either fired or quit in their first year the employee was required to reimburse the bank all the moving expenses & the $5000!