It's getting pretty empty around here lately. Several of the sharpest people on my team just left for much better offers. And if they managed to get better offers in this job market, you know they're good. It's frustrating because a simple, competitive raise probably would have kept them. But I guess that kind of forward thinking is asking too much from this place.
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This sounds like the world we've been living in at TSYS under Global Payments. Just a number now... now we feel like we're training our replacements in India and Poland and they simply do NOT have the loyalty, knowledge and background the really good foundational folks at TSYS have. We have been losing them too whether leaving or RIF, and those who've gone to work for clients all tell us the clients hate dealing with us now. They've severed our RELATIONSHIPS with our clients and now clients are feeling like a number too. I'm sorry, for technical maybe, but for that warm and fuzzy hand holding clients need and want, it's not being found overseas!! Cheaper isn't better. He-l just pay me a decent wage and show a little appreciation without fearing daily I'll lose my job and I'll work my @ss of for you!!
@OP have witnessed leadership rip through a group with huge layoffs and draconian orders against any overtime to save money. Shortly thereafter, job requisitions were posted to replace the tenured employees lost with no limits on overtime. The remaining staff feels the whiplash as they experience survivor guilt with the added trauma of seeing their friends/colleagues lose their jobs knowing that they can be next. Careful planning with a solid strategy would avoid all of this, but no one wants to commit to decisions or knows how to make them.
Under the threat of layoffs, it's impossible to plan. Had a colleague share that he needs another car, not a new car, another car and feels that he can't buy one knowing which way the wind is blowing. The morale is so low, it is positively traumatic every single day to look for that sudden meeting invite of less than fifteen minutes notice. Everyone in the department knows what the means. The text chains fire up as the news spreads. It's a terrible way to treat people. Senior leaders chat away at town halls about how much they love to ski and should get together in Europe to go skiing when a substantial number of attendees were just given lay off notices.
Money alone might not have kept them. The lack of job security has been dreadful for mental health.