Lately, things at the bank have taken an odd turn. As I highlighted just yesterday, we've seen a peculiar shift: 30 employees aligning under a single manager after several demotions took place. Rumors suggest a potential phase-out of our non-hub and remote workers.
It's becoming clear that the bank's objective is deliberate attrition. They're pushing towards a model that consultants claim maximizes profits: a 70 percent onshore and 30 percent offshore workforce. This move coincides with a broader consolidation of our US-based hubs and properties.
Interestingly, the forced return to office seems twofold in intent. On one hand, it's about driving attrition; on the other, it might be related to the commercial real estate the bank underwrites. Considering the unpredictability of markets, who's to say we're not on the brink of another housing market scenario? What's especially disconcerting is the noticeable silence from our CEO and COO. Something's definitely amiss.