Seems to be happening
20 replies (most recent on top)
I am convinced the cronies broke co-location just to fix it as “the problem”. The bank wasn’t broken everywhere until CS and vultures stepped in.
@gh - Same age and way before the hub strategy/offshoring madness, our entire team was in an Admin office and cohesive/hard working. This was pre-Scharf... about 10 years and the unraveling quickly took off and teams were scattered all over the country and India. I was let go as well last summer... age and location were the death knell.
Direct manager or a peer in the location with employees.
People spread across the country is a bigger contributor to inefficiency than anything else. The final team I was on became a mess when it went from 90% of members in DM to a reorg that saw a couple people in DM, couple in FM, one in Dall, the manger and 3 more in SA.
It makes a mess of communications. Leads to more misunderstandings. Leads to greater time wasted. ("Ever notice how often Xxxxx is away?" was often said for 2 people) And sometimes causes the new manager to focus their team back to their own location. I have no doubt I was canned due to my age (56). I not only got my work done, but did extra things that benefited the entire team and our primary responsibility. I may have shot myself in the foot 7 months earlier when I went to my boss and told them I need more work and more difficult work to do...
@c6 what LOB?
That makes no sense. Some managers don’t have any team members in their location
Direct
@ck what does that mean? Your direct manager or any management up the chain in your location?
The last post is correct, they want a manager present at the location Employees reside.
I can confirm this is the go forward approach for my group. They want at least 1 manager in the same location as the employees. So if there are no managers in a certain city, those employees are being let go.
@c2 RTO is and always has been about stealth layoffs. Management may give the impression it's about work:home balance or putting in face time, some of them might even believe that narrative. But the people making the decisions know what they're doing.
It is not happening. People ll stay as it is. This year theme is productivity cut. Last year was location based cut.
This is the Charlie Scharf way. No original ideas, just doubling down on what's worked in the past. They used location strategy to drive layoffs while catching praise rather than criticism in the press (and the stock price), so they're going to double down now with colocation strategy. They used RTO to drive attrition without paying severances, so they doubled down with badge monitoring in the hopes of attrition continuing. The sad part is, none of the "strategy" like this coming from the c-suite appears to be about growth, it's just about managed decline. When you talk to mid-level managers you hear about things like technology transformations or pursuing new markets. But I haven't heard anything from the top down in half a decade that wasn't about layoffs or expense management. Emphasizing putting in face time, or monitoring people's badge activity, seem like the kind of exciting, innovative ideas you'd get if an Arby's manager somehow got put in charge of a billion dollar company.
I think RTO primarily is because Leadership believes the lines are “blurred” between work and home. Whether true or not perception is everything. They want everyone to suit up and go to work in an office like the good ole days. There could be other motives behind it but with the consideration that there are no places to actually “Meet” people because all conference rooms are booked with people just doing work (no space) it has little to do with collaboration. I don’t like it but i just move on to bigger issues like am i going to be on the hit list for layoff.
@bw That was before they decided to play Hunger Games on our performance and the word Team wasn’t “culty”
some of my best times with this company professionally where back in the day when my entire team and I were in the same location
Yes. Location🟰India
Co-located but on a Teams meeting with the same people- because productivity metrics.
No!
They want teams together at a location so we can actually see one another. I guess video is not good enough.
So we will all move to new York? And kiss the a-s of CS everyday since this is the most enjoyable thing to him..