Beware - Anonymous employee Group One Trading Employee Review

Company is losing money and can not seem to fix the problem. Senior management rules by keeping support staff scared for their jobs at all times. New employees are treated like pledges in a fraternity. Turnover rate is insane for this type of company, even when it was profitable. Trader count is half what it once was with 5 traders leaving in May 2010. There was a major lay-off of support staff in April 2010. Trader compensation formula recently changed so traders receive much smaller percentage then before. Employee morale is so low it is hard to believe anyone shows up in the mornings.