Originally posted by PermMCCon
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hsbc - cull starts
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Originally posted by shamoon View PostThe possibility that the next cut could be huge and you are left against hundreds others looking for a new role in your field all at similar pay/skills.
Though, to be fair, permie at IB is hardly safe....Comment
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Originally posted by uk contractor View PostRBS at it as well now!
Unite union claims RBS plans 900 IT job cuts - BBC Newsmerely at clientco for the entertainmentComment
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Originally posted by eek View PostThat's not news. The movement of RBS IT's department from the UK to India has been on going for years. Even this set of redundancies have been known about for ages..Comment
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Originally posted by BrilloPad View PostIf it worries you, become a permie.
Though, to be fair, permie at IB is hardly safe....
Agreed. Permiedom means a better safety net, while contracting (in general) means first out of the door. Yes there are exceptions, but that is how it works in general.
Higher rates in IB, no denying that, but it comes with much higher risk and work rates. C'est la vie.Comment
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Originally posted by PermMCCon View PostAgreed. Permiedom means a better safety net, while contracting (in general) means first out of the door. Yes there are exceptions, but that is how it works in general.
Higher rates in IB, no denying that, but it comes with much higher risk and work rates. C'est la vie.Comment
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Originally posted by BrilloPad View PostAgreed. Plus IB involves commuting. You see the worst side of people. Well 2nd worst. The worst side is people you divorce....
Well, I would have £2.43 which will be enough money for me to buy half a cup of coffee in the cantine of an IB officeComment
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Originally posted by PermMCCon View PostIf I got a penny for everytime someone in this forum moaned about IB contractor culls, I would be a very rich man."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by Cirrus View PostIB is only a small part of HSBC in terms of contractors. It has large amounts of commercial, retail and private banking, in myriad countries.
Lets update it to
"If I got a penny for everytime someone in this forum moaned about big bank contractor culls, I would be a very rich man"
and so on. You know what I meant.
Culls happened before 2008 and (if we are all honest) that much more often since then.
Shame though, I think I know where the forum is coming from:
Instead of knee jerk culls, what people in the forum are asking for is "controlled" culls. ie large programme has completed successfully, natural next step is contractor being let go and permies moving on to their next role. and so on again.Comment
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