Given how badly the company treats employees and that it is now easier than ever to find a new job, it really surprises me that the attrition is not even bigger. Management is fortunate that it is difficult for most employees to start from scratch elsewhere, and others are clearly not ambitious enough to look for something better.
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It’s very clear that won’t happen! Management is set in their ways and that is not going to change!
With jobs opening up, it takes a month or so for interviews/offers to come in...I'm betting in the next few months we'll see even more people leaving. Especially with the unwanted RTO to cubicle land.
Only way to stop it is if upper management gets their act together and shows they value their employees.