#displacement

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Almost a year

Its been almost a year since Cargill displaced so many colleagues. I see all the linkedin posts of the highly political leaders taking credit for foundational efforts of others they dismissed without even a second thought. It is still sad and heartbreaking reminder of how cruel the culture was. Wonder if current employees even bother to check in on those that still do not have jobs or that left without any acknowledgment of their years of service to this cold company.


Is Pre-notice Common?

A colleague told me they got some sort of pre-notice (working) of ~30 days before they were going to get an official notice of 60 days (non-working) in the near future. I've only heard of something like this in broad locations getting displaced and NOT individuals. Is this new or just very unique situation? EVERY individual I've known displaced prior was immediately non-working.


4,000 will not be just from layoffs

Salesforce is at the front of this shift, with CEO Marc Benioff peddling his “Agentforce” AI tool and recently touting an AI-driven cut of 4,000 “heads” from his customer support ranks. But this didn’t entail a layoff of 4,000 workers, the company said. Inside the San Francisco tech giant, there’s now a growing effort to soften AI’s job replacement blow.

https://www.sfgate.com/tech/article/salesforce-soften-blow-ai-jobs-21053239.php


If there was ever a time to offer voluntary displacements...

The bank wants its on-shore employees to be gone.

Many (most?) of these same employees hate their jobs but are unlikely to leave due to the current job market. It's hard to spend all day in a job you hate and then find the mental/emotional energy after getting home, dinner, etc to job hunt. It's not impossible, but difficult.

Enter severance.

If the bank is worried about high performers leaving, they can stop worrying. Disengaged employees are not high performers. People perform highly when they like their job.

Nearly all employees that would take the voluntary buyout are exactly the employees the bank wants gone anyway.

The bank keeps hoping that people will leave on their own. It's not going to happen. Wells needs to take lead on this.

Until then, the armies of unhappy employees will continue to do the bare minimum. I don't understand how the bank sees this as the better option.