https://thehill.com/opinion/technology/4800828-office-mandates-cause-attrition
9 replies (most recent on top)
Typical academic drivel....not the part about RTO forcing attrition, but the implication that it's S-XiSt or RaCiSt....god forbid people, regardless of s-x or race, have to manage their lives around going to work, something that has been done for eons.
I think the big difference with us is:
- Seems like the job opportunities in financial services industry right now are even worse than the corporate world at-large, so there are less jobs for people to leave for.
- Anecdotally it seems like big banks have all hopped on the RTO train about equally, so even among the jobs that are available there are even less to draw away the people who specifically want to leave due to RTO.
- Our CEO has wanted to get the bank leaner for years, even while other companies were hiring like crazy, and for whatever reason he missed his opportunity to do so during “the great resignation”, so our target attrition rate is probably much higher than these companies who are finding RTO is giving them more attrition than they bargained for.
Yes, implementation is so bad that it's difficult to imagine that the damage it's doing isn't intentional. He's either an evil genius sent here to destroy the company or he is comically inept.
Very quietly, my group has people who were forced into an office last summer for 3 days a week, now they are no longer required to be in the office. But it's all hush hush of course. Our group is projecting to lose people very soon due to retirements and now thinking of adding staff due to the lack of foresight before laying off 40% of the dept. last year. I'm not expecting severance any more but I will be resigning at the time of my choosing prior to the end of Q2 2025. Shart had this restructure in place for years and has implemented it in the most buffoonish way possible.
That’s not gonna be enough for the higher age people because they will follow the rules and you will just have to give them severance so good on you them!
They follow the rules so just give them severance now and we’ll be done!
Any time I see a useless RTO I assume that it is to avoid layoffs.
Yeah, shart reads this article and laughs. Higher than expected attrition? Disparate impact on women and brown people? Exactly what he hoped for. He'll replace us all with I&P.
When the employment market corrects, this place is gonna be a ghost town.
Clearly not a consequence for us. For whatever reason, attrition still isn't high enough.