Quote:
Originally Posted by Unregistered
Fact is your friend found a high-paying job again.
Getting retrenched is not as scary as it sounds.
Moreover, not everyone gets retrenched. It's usually the bad performers and usually the minority. The big fat cats are always spared.
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That was my view as well be4 i saw such a retrenchment exercise for myself .
Reality is - its not usually the bad performers. I have seen folks let go for a host of reasons ie they are the rm for a sector that the bank wants to reduce exposure to, they were recently promoted (hence last in first out), they just moved to another dept/country within the same bank, they just joined the bank, they are too expensive , they are mid to late 40s, they hv made some high lvl enemies etc.
So its quite real and quite a scary time.