BNP Paribas reviews about "layoff"

The management uses ungracious tactics to remove employees during economy downturn to avoid giving compensations for former layoffs or retrenchment. They would first appraised the employee unfairly with the lowest rating even though the employee didn't deserve the low rating. And that they would mention during the appraisal review session that your rendering of work in this company is insignificant and they have no better position to offer you to work in and if you choose to remain working in your current position, you'll be subjected to monthly performance scrutiny.

High turnover, layoff, lots of work

Not very competitive salary; long promotion period

Chaos and lack of alignment between the Group vs. CIB pillar vs. regional leadership, lack of clear target operating model and constant re-orgs, various rounds of layoffs over the years despite strong company performance, low pay compared to piers, tease internal mobility but few roles available and no career progression possible for most once reaching VP level, roles are being offshored to India while French leadership is fully taking over locally in the US

Few opportunities for progression in the country I worked. Not much change or interesting projects going on. For employees in some departments boring work and low pay.

layoffs when company is profitable and your are doing your job

Management was particularly clueless. Working in an environment with a constant cloud of layoffs was particularly challenging