Photo: Flickr user: essygie
Investment bankers in London know how to avoid layoffs: the fun way.
Bankers in the City (that’s London’s Wall Street) have begun attending so many after work drinks that some of their wives think they’re having affairs.
Actually, the men are using socializing as a strategy to avoid being a part of the many layoffs expected on Wall Street.
One banker says he has a bunch of strategies that will help him (he hopes) avoid being a part of layoffs:
- Looking busy when he’s not
- Cosying up to the boss
- Attending endless drinks dos [after work drinks] to make sure his face still fits
- Making sure he is still seen as one of the boys.
Older men, according to the London Evening Standard, “have” to do drink and party double time:
“Some say the effect of all this has been to reinforce old working practices: “presenteeism” in particular is again regarded as an essential survival tactic, especially for the well-paid over-40s who are under pressure from a younger, cheaper crowd.”
And their employers are encouraging it so that the firm keeps their clients.
According to the London Evening Standard:
“Firms are so desperate to keep clients that they are entertaining with a vengeance. Not showing up is not an option.”
Here’s the wives take on the matter:
“‘My wife doesn’t understand. She can’t see why I am still under pressure after all these years. She thinks the drinks with people I don’t like is me on a jolly – I’m sure she thinks I’m having an affair. Three nights last week I was home at 10-ish, a bit pissed. She keeps saying, ‘If you haven’t got that much to do, how come you are working so much?'”