Thread regarding Bank of America layoffs

Forcing staff into the office is old-fashioned dogma, says bank boss

Employers forcing staff to work more days in the office are making a mistake and are guilty of old-fashioned “command-and-control thinking”, one of the pioneers of more flexible working practices has said.

Mark Mullen, chief executive of Atom Bank, said the increasing number of managers enforcing presenteeism were being dogmatic and failing to see how digital technology and artificial intelligence were changing everything.

Mullen, who employs 550 people in Durham, said only about 70 to 75 of them typically came to the office on any given day, suggesting an attendance rate of 15 per cent. Some barely ever came in.

Mullen, a former HSBC banking chief, dismissed claims that workers slacked when working from home, saying: “I don’t buy it, show me the evidence.” He said “back-to-the-office diktats” would not work in improving productivity or staff morale.

https://www.thetimes.com/business-money/companies/article/forcing-staff-into-the-office-is-old-fashioned-dogma-says-bank-boss-fh80wzt2q

by
| 1700 views | | 5 replies (last ) | Reply
Post ID: @OP+1jp7x1nne

5 replies (most recent on top)

"Are you forced to work here? No. If you don’t agree with the policy gtfo and cry somewhere else"

Sure, just as soon as you start breaking up all the inefficient, corrupt, and incompetent monopolies.

by
| | Reply
Post ID: @ca+1jp7x1nne

Where are they selling assets?

by
| | Reply
Post ID: @c7+1jp7x1nne

Growth opportunities are non existent here either way. It's time to face the music - BOFA is in hospice. They're selling assets, laying off, hiring freeze..
Meanwhile, the dividend gets bigger which is nonsense - that money needs to go back into the company.

It all boils down to brian and the c-suite prepping for retirement. A quick "bump" to the EPS by any means necessary. The work from home thing is more or less an annoyance. The bigger picture is this - this bank is on its way down.

by
| | Reply
Post ID: @by+1jp7x1nne

@b9+1jp7x1nne

oh dear, you must be one of the useless middle managers here.
You think being mean and nasty will make someone fear?
Heck no, d-mb fcuk, you gtfo of here!

by
| | Reply
Post ID: @ba+1jp7x1nne

Quit crying little baby . Are you forced to work here? No. If you don’t agree with the policy gtfo and cry somewhere else

by
| | Reply
Post ID: @b9+1jp7x1nne

Post a reply

: