Funny how CEO says people are pushing through doors trying to return to office work, but when they offer 3 dates as return options, everyone seems to pick the latest date possible. Is he surrounded by sycophants who won't admit the truth that people want to WFH and instead tell him stories about throngs wanting to return? Or is he on such a power trip that he enjoys watching people squirm as he forces them back for no reason other than to say they're back? Or is this just another "sc--w with enough people to make them quit and we can reduce headcount without layoffs and not pay any packages" exercise?
My money is on all three.
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Back to the salt mines, managers are bored and afraid of losing the grip, or their jobs. Got to keep those spans and layers intact.
The CEO of Bank of America doesn't give a damn about you sheeple going back to the office or not. He knows he is going to win one way or another. This is a damn shame that this dude can do this to productive people who were WFH. He only cares about himself . He can give a rats azz on how you people feel on this board.
Its a combination of two things. These people do not care about "power tripping". They don't "power trip". They are already in power, and simply desire more. How do they get more power? Two ways. Increase their earnings, and increase their exposure.
To increase their personal earnings, they need to make their corporation look better. So you're spot on with your last point -- they want to axe as many people as possible without crippling the company too much. This is a balancing act. Get rid of too many, and departments start to fail. Each department is just one piece of the puzzle, you cannot lose so many departments that your puzzle is unrecognizable. Notice how I did not say 'unsolvable', just unrecognizable.
Lastly, to increase their social exposure is to frolic with politicians as much as possible. Not necessarily become a politician, but get in their heads often, and get their "respect" so that when the CEO suggests something to a politician, it is taken as gospel. Just look at how much respect Dimon gets from Capitol Hill. Its comical. The guy is rude and evil to all his staff. Don't ask me how I know, and don't believe me if you don't want to. He's sociopathic. The politicians right now are really wanting national consumer spending to increase. They are applying pressure to the workhorses of the country to get their people spending money. Thats why your CEO wants you back in your NYC office -- so you can spend $8 for that stupid coffee, so sbux can hire more baristas and pay their shareholders a bit more, so shareholders are happy with the economy and they vote these same politicians in, who fall more in love with workhorse company CEOs.
Two reasons. Money and power.