Thursday, February 19, 2009

work

hmm its been like a month since my last post. Got really lazy to blog, despite living a rather lonesome life over here. Oh well, i do upload some nice pics on facebook once a while, but okay there isnt much happening other than work related issues.

the bank just announced that there will be pay freeze and no cash bonus, and all sorts of weird clawback shit. I personally dont think ill get anything. So prospects of no pay rise, no bonus, and an ever decreasing value of the pound, certainly isnt good. And if that isnt bad enough, the bank will announce its strategic review in 2 weeks time. After this review ( ahem... job cuts ) is done, then jobs will be lost in 2 ways.

The first being layoffs due to redundancies, so maybe one or 2 within a team will leave. Bear in mind there was already round 1 in last december, so its getting leaner each time, and its like survival at this stage.

The second way is systematic risk: not an individual but by desks. If it is deemed that a certain country/ team is not performing, example the equities exotic team in tokyo, then the whole desk gets shut. Might be that tokyo is making money, but simply because the bank is nationalised and everything is scaled back and cut down, that they might close the tokyo office irregardless. Might be that my exotic trading desk will be shut, leaving only vanilla traders? who knows.

Surprisingly the redundancy package is quite lucarative with golden handshakes, and notice periods that it becomes like a large digital bonus. So the idea of relaxing for a year in singapore isnt such a bad thing. maybe its too early to say, cos i might end up jobless for years? maybe i shud just consider a career switch and host poker games, hehe

i also miss fiona, so going back would solve our long distance problem. otherwise, its tough.

but then again, i like my job, so in the long run its best i keep it for as long as i can. Ive been really stressed lately which is a good thing, but its affecting me quite alot. Im losing sleep just by worrying too much. Really feel like hall days... yes i worry alot back then... those days was all about finding solutions to organise this and that, like where to have dnd, how to run rhoc with so few ppl, how to get more participation in hall, activity allocation, points allocation, my dropping cap, and lets not forget miss tang!. come to think of it...those days were fun.

Now i worry about work, work, work. Never in my 3 yrs have i ever worried so much about work. im not worried of being fired, just that work is affecting me. haiz.. someone cheer me up please

8 Comments:

At 10:28 AM, Blogger Aik Yong said...

Wow, get fired and one year holiday? sounds like a good golden handshake to me. You can travel UK since it's 'cheap' now.

 
At 5:36 PM, Blogger Devil said...

Sounds good both ways, so why worry?

 
At 8:04 AM, Blogger fu onn said...

no la, enough to live on a student budget for a year. Travel uk? probably not. will want to come back asap..haha home sick

 
At 12:02 AM, Anonymous Anonymous said...

=) let things take its natural course. since both ways are not too bad afterall!

and we are coming to visit you!!!

hopefully. depends on your bf....

 
At 1:01 AM, Blogger Justin Ho said...

screw it. leave him there to rot and die! mwaahahahahaha

 
At 1:48 PM, Blogger jolly said...

yo dude, cheer up. work is just work, life is life. don't ever get them mixed up... :) think of the positive side of things!!

 
At 4:04 PM, Anonymous alls said...

hello..:)

i know..visit NZ :)
bring ya gf along :P

take a break..haha!

 
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