Thank you mayor Adams

Except that most of the major employers in midtown are within walking distance of grand central…

That’s completely irrelevant to the discussion at hand.

Just because one bad thing happened (and its arguable if subsidies are even bad), doesn’t mean we should allow a seperate unrelated bad thing to happen.

I know this won’t be popular here- but retired city workers have absurd benefits in many cases. Newer workers have more reasonable contracts, but it’s kind of ridiculous how much of our city’s taxes that older and retired workers drain.

After all the layoffs, most tech companies still have more people than they had in the beginning of 2021. Tech companies over hired during covid, and it doesn’t really say much about the economy that they are right sizing now.

These rules should reduced permanently, the amount of red tape to build in nyc is absurd.

Not everyone is a 22 year old analyst.

I’m a director at a top bank…the recent graduates will likely grind it out for the exit ops regardless of schedule.

The 30-something mid-career person with kids, who has built childcare around a hybrid schedule…they will hop.

My bank is at 3 days in the office, I will leave if it’s 5 days. I’ll join a second tier bank if it means I don’t have to commute and not see my family five days a week.

This article isn’t even accurate anyways. VPs and directors absolutely are not showing up 5 days a week at Goldman, JPM, and MS anyways. It’s really just the analysts and associates, and even then, it’s really only four days a week.

I’d aim for 20% to leave. Especially with high inflation, and shaky job market.

That said, it sounds like this job has a 10%+ year end bonus, so this does come out to around 20%.

This is always the consequence of unions…

Can’t we just cure the diseases rats have and the genetically engineer them to be cuter?

This is how normal businesses have functioned for fifty years.

Blows my mind tech never gets rid of bad performers and just lets them do nothing, and just hires an extra person instead.

We pay $200k+ at junior levels, so I don’t really think it’s bottom feeders.

There’s only so much information you can glean from 30-60 minute interviews, and some people are good BS’ers and just turn out to be lazy when they start. It’s unavoidable.

Plenty of people with top grades, from top schools, and relevant previous experience at a great company, who join and then how low quality of work and productivity, regardless of training / feedback.

I work at a top investment bank and previously worked at a top strategy consulting firms (McKinsey, Bain,bcg), even at highly selective companies, people slip through the cracks.

As a executive director who has done quite a few performance reviews of juniors…despite the statistical impossibility, 100% of employees think they are above average, regardless of what the facts, feedback, and common sense may show.

Anybody who doesn’t live close to a subway station is fucked now.

As with everything, there’s a learning curve.

Nah, if you set the bottom of the pay range too low, you stop getting applicants. We actually ended up with very narrow ranges after HR researched the best strategy. I’m a director at a bank and am hiring a senior associate, and HR gave it the range of $160-175k base. Which was much narrower than I was expecting.

Of course, a decent percentage of your salary is variable compensations / bonus, and that doesn’t go on the job rec.

We need to stop subsidizing rural areas so much. If you want a rural life style, great, but government shouldn’t be subsidizing your choices.

“Have you ever taken an economics class, and if not, would you be willing to attend one?”