State of the Market

[TheDude]

Hey Dude, is this from experience or hearsay? And are you talking main stream banks? Ta

I have only been perm at one US bank and they expected you to be available at almost any time if something went wrong. I have contracted at other US and European banks and this also seems to be the case for my colleagues.

Staff in India tend to get the worst of it and are expected to attend meetings at 8pm-10pm there time.

[avonleigh]

I have only been perm at one US bank and they expected you to be available at almost any time if something went wrong. I have contracted at other US and European banks and this also seems to be the case for my colleagues.

This in India tend to get the worst of it and are expected to attend meetings at 8pm-10pm there time.

Worked for a European clearing bank years ago, which was part owned by a well known American consultancy. So a lot of Americans on site. Never seen anything like it, people were often threatened with the sack during meetings if they disagreed with anything. So a lot of cringey awkward moments. But the worse experience was when the head of IT picked up a phone and threw it at somebody.

[dsc]

But the worse experience was when the head of IT picked up a phone and threw it at somebody.

How did that end? I've always said engineering is a breading ground for mental people, but never seen anything like that

[avonleigh]

How did that end? I've always said engineering is a breading ground for mental people, but never seen anything like that

Don't think he ever got in trouble for it. This was back in 2001. The consultancy was Perot Systems, they aren't around anymore. No wonder from my experiences with them.

[SueEllen]

Don't think he ever got in trouble for it. This was back in 2001. The consultancy was Perot Systems, they aren't around anymore. No wonder from my experiences with them.

Dell brought them.

[edison]

Worked for a European clearing bank years ago, which was part owned by a well known American consultancy. So a lot of Americans on site. Never seen anything like it, people were often threatened with the sack during meetings if they disagreed with anything. So a lot of cringey awkward moments. But the worse experience was when the head of IT picked up a phone and threw it at somebody.

I could never understand people working for companies like that. I've got plenty of friends who made a lot of money contracting in investment banking in that era but TBH it just sounded awful despite the huge money offered.

[ensignia]

Dell brought them.

Where?

[oliverson]

Out of the blue today a contract spec. appeared in my inbox. That hasn't happened for years, literally! Fingers crossed it's the first of many.

[brightondeveloper]

Out of the blue today a contract spec. appeared in my inbox. That hasn't happened for years, literally! Fingers crossed it's the first of many.

I've been noticing a slight uptick in my inbox - may just be a dead cat bounce, we'll see

[sreed]

I hope a GDP related post is on-topic enough for a 'State of the market' thread! If not, apologies and I'm happy to put it in the General section.

The only reason we're only in a 'technical recession' as opposed to a 'recession' is continued growth in population through Sunak's mass legal immigration. GDP per capita has been negative for a good few quarters now, -0.7% over 2023.

So if you don't feel it when Sunak/Hunt proclaim that the UK economy has 'turned a corner', you're probably right!