So basically they were told if you don’t like it leave. One the economy gets better many many people will quit. Then watch companies complain that they can’t find talent.
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The economy will not
Improve. Big banks will fail. People are already withdrawing more than they deposit, so all the signs point to failure.
Larger / superior candidate pools, slightly lower pay, more employee satisfaction, better retention / less turn over cost and risk, and $1B+/year in physical infrastructure savings. Other than that, in office work is a great idea. Our executives are complete failures.
First decision point is what should WF do with those who are below average of 3 days a week for the entire year..no official announcement on this yet.
Tactic to force attrition
Talent is irrelevant. Efficiency on the other hand...
Everyone is replaceable. If Amazon loses talent because of this policy, they will fill those seats with people who are more serious about working there.
They won’t have any problem. And neither will WF. There are plenty of people willingly to do whatever it takes. And they are just as good and talented as the ones who insist on WFH. Maybe more so.
I was one that RTO but i found that i think i was transported to India when i showed up. All my american coworkers are gone
Not nearly enough would leave to satisfy Shart's blood lust. In this job market? 1-2% at most. He wants more like 50% to go. For now, eventually more like 90%.
Let’s do it! I live 15 mins and have been averaging 2 hrs a day so whatever! Sick of corruption from corporate. Not breaking my stride, I will do whatever for my layoff! 20+ years I have seen better and nothing surprises me anymore. Going with the flow…
FCS FDT and FWF!
We will soon have another bout of inflation. We will do anything to retain our jobs. The only ones making money at this bank will be the wealth advisors. All managers will make sure you are at your appropriate hamster wheel.
5 days is another FREE tool in Charlie's layoff at low cost toolbox. Tell me exactly why he would NOT use it?
This will 1000000% happen first quarter 2025. Thousands of folks will leave and Charles will get what he wanted.
@1ksj+1v30pJ5C
"Everyone is stuck with what the rest of the majority of the entire world was already doing, which is actually GOING to work."
Maybe in your short sighted world, what you are really saying is you have a need to socialize at work, be around your work friends, go to happy hours, etc. That seems to fit as your driver.
Most of this argument for RTO is derived from Covid when everyone had to be remote. Not all jobs fall into that narrative. Some of us were remote ( in my case, DECADES) before they decided to drag us back to "Collaborate".
I am less productive, forced into meetings I don't need to be on, and spinning my wheels because of their lack of direction and ability to solve current business problems.
Dragging everyone back to the office regardless of whether or not it is beneficial is just one of the clues that those in charge don't know how to manage in the remote space.
The other clue, which is obviously not in your purview is that they want to justify the real estate returns they need. Butts in the seat does that.
@1mou+1v30pJ5C - the offices will have plenty of capacity when they reach their displacement targets.
You would have been a heck of a buggy whip salesman. In office is a relic, just because the corporate cabal doesn't get it yet doesn't mean they aren't on the wrong side of history. All it will take is a disruptive org that doesn't follow the playbook and it's over for the chained to the desk crowd. Won't be able to compete while spending a billion dollars a year in useless buildings. The only thing "broken" here is the old failed model.
fully remote and hybrid jobs are getting scarcer and scarcer. The economy is plenty good right now... tech industry is correcting its own bubble and that's about it. So don't think that all of a sudden there will be a flood of remote jobs when the market "opens up".
WF just doesn't have the physical capacity to go to 5 days uniformly across the country. the downsizing in real estate is built into the financials. Some areas may tighten up and some have already done that and gone to 4 days. but across the firm...no.
I doubt the job market for finance and tech will open up very soon. Also, WF is not going to move to 5 days unless Jamie at JP Morgan Chase does it.
- Yes it is coming. So what?
- “ One the economy gets better many many people will quit.” LOL. And go exactly where?
OP is a fool and so is anyone else who doesn’t realize a shift has occurred. Remote work is rare and coveted now. Hybrid work is right behind it. When the “economy gets better” (who says it’s bad now?) nothing will go back to 2019 style. Everyone is stuck with what the rest of the majority of the entire world was already doing, which is actually GOING to work.
I can’t believe there are people still beating this broken drum. But then there are a lot of coddled, grandfathered in employees at Wells. I am excited to view the landscape here once this cull is finally complete if I’m not purged myself.
No - the offices don’t have capacity. Don’t be silly.
Amazon employees have until January 2nd to make up their minds to stay and work 5 or to move on. Expect the same announcement from Charlie after the 1st Qtr 2025. He needs to reach his employee attrition targets.