https://www.axios.com/2023/03/17/svb-employees-blame-remote-work-for-bank-failure
15 replies (most recent on top)
Such hogwash. Now on the flip side, here’s a rare instance when I’d actually like to hear one of those Charlie-loving pro-RTO trolls chime in. Does anyone think WF is in better shape by any measure since thousands of employees were forced to RTO? If you do, please explain in detail.
I'm sure all the remote staff is what caused Becker to sink 90B into LT low interest govt bonds and postion his ship straight toward an Ice berg of risk
Too bad this bank is gone. They had a great culture. I was planning to apply there. Those employees are right. Problem with remote work, you can't interact face to face with others and that leaves out seeing and collaborating closely with a diverse workforce that has LGBTQ employees. What a shame.
@jdo thanks for sharing that site! This one is interesting too https://www.myvisajobs.com/Reports/2023-H1B-Visa-Sponsor.aspx
Of course, it couldn't be lack of ethics or negligence (heavy sarcasm).
GTFO of here w/RTO excuse.
wait, I didn't even know those guys hired American workers - labor shortage they say?
https://www.myvisajobs.com/Visa-Sponsor/Svb-Financial-Group/651503.htm
And yet no actual data to back up the allegation. How, exactly, did remote work cause this?
Click bait title, F that author, selling the corporate bs
I'll take things that aren't true for $1000, Alex.
If true, then all remote work companies must have failed, too.
And that must mean we're all unemployed.
I better get on Teams and tell my boss in Chicago and my peers in Arizona and Kansas.
This article is hot garbage and provides zero reasons as to how remote work was even remotely responsible for the collapse
Seems it the executive team at SVB was spread out around the country, with CEO Greg Becker at times working from Hawaii that caused friction.... not rank and file.
whatever....we all know that's not true
I blame the imaginary protestant deity for 90% of America's problems.
People always look for someone/something to blame for bad things that happen in their lives. They NEVER have anything to do with it. Don't blame senior management decisions and lack of true leadership.