It is easy to make a mistake, but it is often very difficult to correct it.
Maybe the leadership thinks it will be easy without hard workers who added value here, but I'm afraid that cutting such people is a mistake that will no longer be possible to correct.
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The sad thing is the most impacted will be the people who stay and have to deal with the horrible morale and larger workloads. The EC is unfortunately doing what is needed regardless of how much it impacts us and pi---s us off. I am probably going to ask to be considered for the next round. I would love the severance and I know it is easy to make more money elsewhere. Most companies are doing RTO so I am looking locally.
Yeah, the machine will continue to make money and eventually break the spirit of all employees. It isn't personal. That's just big bank business operations. USAA is no different from any other corporation no matter how much they say they are.
They will not regret it. It won't impact them in the slightest. It won't even tarnish their reputation in the industry because anyone can spin these sorts of thing as a positive.
Did they decimate morale, cause employees to work 50-60+ hours per week, leave teams high and dry with little to no experience talent on the team? Yup. But on their resume they can put that they "Reduced expenses by 24% and increased organizational profit by 13%."
Don't delude yourself: They won't have to deal with the repercussions of their actions — it will be the lower level leaders and individual contributors who have to live with the fallout of their myopic decision making. They can sit back and collect their 6- or 7-figure bonuses while the rest of us pick up the slack.
They do deploy their golden parachutes. However, they typically want to continue to be involved in business. I've noticed that through the years, even when they mess us royally, they continue to offer their "services". And, surprisingly, they still get employment. Go figure.
However, when the taint is "bad enough", it will be remembered. The company will suffer by name recognition. And perhaps members will finally "have enough", figuring if they could mess with their own employees, they could do the same to them.
This will not be easily forgotten. It is termed betrayal.
The senior executive criminals will have no regrets. All they will say is "Let them eat tiny cake".
They don't give a cr-p, the CEO and executives make their money then they leave with a golden parachite then its the next guys problem! Why would they regret anything?