As banks in Australia continue to cut jobs, are top-performers now entering the ranks of the unemployed?
When firms first made large-scale layoffs in Q3 2008 they could at least concentrate on ditching their deadwood.
But as some banks enter their third or fourth round of redundancies, are they now being forced to axe quality staff? Have they run out of under-performers to let go?
And ironically, the good bankers being laid off at the moment face a worse job market than those culled back in the first round, making it harder for them to find work. Getting chopped earlier on could be beneficial to your career. Where's the justice in that?
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