We are far removed from the days of the Great Resignation. Anyone trying to change jobs these days can tell you endless horror stories about the current job market. If attrition is slowing and Shart thinks he can juice the stats with this 8 hours a day thing, I think he's in for a rude awakening. There are diminishing returns on making your employees' lives miserable, eventually you're just beating on a long dead mule for no reason. Sooner or later the C-suite is going to have to man up and get with the voluntary buyouts or mass layoffs
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@am OHIO is different bro… it’s a harmful virus that has a huge grip on US technology by a hoard of third world invaders, which has stripped US citizens of jobs and depressed salaries.
OP, ever hear of 5 days per week? Get serious!
@aj My point is they're underestimating the degree to which employees still working for Wells are stuck by the current job market. They're not going to get meaningful attrition or meaningful volumes of scofflaws they can fire for cause by doing this. Most likely outcome is the majority of the workforce knuckles under, and Shart and co have to pursue some other strategy to hit their numbers.
They know that. This is a method to document and fire without severance.
@a7 nobody has ever loved OHIO
And the irony that exists with respect to all big banks
---> outsourcing by the OHIO Rule (Only Hire Indians Offshore) and AI (All Indian H1B hires) is making transition to new jobs much more difficult as a consequence.
100%