The “juniorization” is a phenomenon commonly seen in many businesses these days, where older/senior workers are being swiftly replaced by younger ones, all in the name of saving money.
“年輕化”是近期在很多行業都普遍出現的一種現象,即以節省開支的名義用年輕員工取代有資歷的老員工。
Recently, the focus on juniorization has increased as Wall Street banks began implementing it as a risky strategy to lower operating costs.
The chief executive at the investment-banking unit of a large firm explained this in simple terms: Headcount had stayed pretty stable at his firm, he said, but the makeup of that headcount had changed.
His bank had decided that it had too many expensive managing directors in some parts of its sales and trading business.
他所在的銀行認為,他們某些銷售和交易部門的高薪總經理人數過多。
Give junior employees better technology, he said, and they offered just as much value as a managing director would have in days gone by.
他表示,為年輕員工提供更好的技術的話,他們創造的價值就會跟一位總經理過去創造的價值一樣多。
In other words, you don't need to pay an older trader or salesperson $1 million a year for experience and market savvy when you can give a junior trader some technology and the same knowledge at the end of a keyboard and mouse.