Employees are said to be 1) not happy and 2) on to management's games.
"Paris headquarters mandated US fixed income managers had to give zeros to 40% of the group. As a result, "juniors" (all first, all second, some 3rd year analysts AND associates) all got zeros. Since BNP Fixed Income is still very top heavy, the analysts and associates accounted for well below 40%. In other words, many senior people in the bank got zeros as well.
Bonus day was moved to March 2nd and while BNP historically is late (mid-February last year), most employees think HQ had anticipated zeros since end of 2011 and thus pushed back the date so much so that any available jobs will be gone by the time BNPers start looking."