Long story short, they are attempting to make our lives miserable so we leave on our own vs waiting it out for a severance/lay off. I heard a senior manager yesterday call this “quiet firing”. The act of secretly letting people go, not valuing the talent, and making it uncomfortable by setting unattainable goals and expectations to have us leave on our own accord. I’ve heard of “quiet quitting”, and I think we’ve all encountered some form of that over the last few years in the WFH environment, but this new “quiet fire” idea is such a new low. If burnout was not already a thing, this will definitely cause burnout. Might as well battle back by quiet quitting myself, do the bare minimum and wait for that severance package.
6 replies (most recent on top)
This is happening across the industry. Loads of companies using teams based in India. Initially they were used for the straight through processes but now they are taking over more processes and writing letters and emails to clients and advisers. The standards are slipping but it’s all about the stats and they work like robots and come cheap. The fools of the world worrying about people coming in boats to steal their jobs when they don’t even need to board a boat, just stay home and earn, what is considered good money for them. Meanwhile UK staff are losing their jobs and ending up surviving on less when unemployed. A very concerning situation seemingly flying under the radar.
If something is going wrong and it is not getting the attention needed see this link and do the right thing
https://www.fca.org.uk/firms/whistleblowing/how-make-report
The amount of teams that are being stretched thin in cross training efforts is a complete joke. The offshore teams are not capable of doing the work that’s being asked of them. Watch the ship sink as they fail miserably on writing correspondence, write and process adjustments, work NSCC trading, quality check work, working audits and reporting… it’s a fat no! And the lack of care from management in how rocky all this training is going is setting an undeniable tone of failure.
Agree!
They grossly underestimate the number of people willing to hang on while being utterly miserable. My record was decades.
Ouch. This is too real.