Thread regarding Charles Schwab Corp. layoffs

RTO is a farce

Anyone notice how companies across America all implemented the same RTO at the same time time with the same messaging even though it didn’t really make any sense ?

It’s like all CEOs get the same HR magazine called, “Slavery Now” and all took a page from that playbook.

Schwab is nothing more than a giant slave ship su-king the joy and life force from its workforce.

It’s just one trauma after the next at this place.. all for a wage that isn’t even a living one.

by
| 991 views | | 3 replies (last February 14, 2024) | Reply
Post ID: @OP+1r4cosIj

3 replies (most recent on top)

@kzh+1r4cosIj

Thank you! This is the best take I've read so far. Where can I learn more?

by
| | Reply
Post ID: @kad+1r4cosIj

Big companies are driven by BlackRock, State Street, Vanguard and a few other controllers. They have 88% of the SP500. And executives maintain many gatherings and other coordination efforts, including Davos, to stay in lock-step. I laugh whenever Conald talks about a Deep State. Of course there is. But government is a tiny portion and not very deep.

There were three goals scheduled among the large companies. Bail out commercial real estate. Leverage interest rates for layoffs and other reactions (yes, interest rate increases are supposed to move labor out, but this was focused) and save business districts with RTO. Some cities, like SF, were to be sla-ghtered as a political ploy. Others, like Dallas, were to gain for new real estate plays.

It's a big boat.

None of this is a conspiracy theory. It's openly discussed.

We have RTO for alignment with others, labor control, real estate values and getting people out cheaply. The goal isn't profits or business growth. It's dumping labor for political gains and macro market moves. That is has a pi-s off staff benefit is bonus.

by
| | Reply
Post ID: @kzh+1r4cosIj

As soon as the power shifted back into their hands they used it. If the EC hadn’t said ‘WFH is here to stay permanently’ back in early 2022 when the amount of available jobs was MUCH higher just to lock us in to this company to finish their precious merger.. if I had known that RTO was in the cards after they promised it was never going to happen, I would kept up with my job hunt for a proven remote friendly company and spent the last 2 years climbing the ladder there, rather than stay on this rollercoaster of sh**. It’s extremely obvious that our leadership are fickle and think they can control WFH and RTO like a water faucet. If the market turns into the favor of the workers again then WFH will magically be back because we suddenly have a strong ‘culture’ and value health and the work/life balance again. The taste of freedom that a truly flexible workplace brings.. you can’t unring that bell, it’s so obvious that MOST EVERYONE wants WFH and more flexibility but it falls onto ignorant ears.
Plus the cost of commuting and stagnant wages? Taking a huge pay cut and cortisol levels rising. I could argue for hours and hours and hours about this but it clearly doesn’t matter what we say or want AT ALL.

by
| | Reply
Post ID: @qye+1r4cosIj

It's true. Vivek Ramaswamy explains this in his book "Woke, Inc.". If it ever seems like all of the big companies are lock-sync in step with everything they do, it's because they ARE! Whether it's Pride Month, which all of the sudden ALL big companies celebrate to the high hills, to taking certain controversial political positions publicly, Vivek explains that they are all strong-armed (bullied) by the government in exchange for funding/loans. Makes perfect sense. That's why all of the EC members jump on board so quickly and it seems like total group think. Follow the timeline. Remember, they announced RTO right after Schwab had to borrow billions from the Feds last year.

by
| | Reply
Post ID: @sdx+1r4cosIj

Post a reply

: