4.0
27 Dec 2011
Anonymous employee
Current employee
New York, NY
Recommend
CEO approval
Business outlook
Pros
Did well through the crisis, lots of money being poured into tech and electronic trading. Street recognition / reputation way up in last few years because of this effort.
Cons
We are taking globalization of support to ridiculous levels. Outsourcing critical tech jobs is materially hurting us. Seems to come and go as senior mgt changes. Current mgt outsources as an easy way to save money. Next mgt will see that it doesn't work and localized key teams. And the vicious cycle continues.