I think it's never been more obvious just how little this leadership values employees even though we're the ones who do the work that matters (it's certainly not some manager who spends his or her days making pointless PowerPoint presentations that everybody forgets about two minutes later). Employees not being treated with any respect is the main reason why so many of us are leaving as soon as possible.
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Try not spending so much time on the PowerPoint. Maybe that is why you haven’t been promoted.
It is very much a give your "friend" a position mentality that exists. Yet all they talk about is how many people they need to hire and leave the real workers to cover the tracks of others.