I'm sick of hearing about efficiency savings because I don’t think it’s about efficient savings at all. They cut people who brought new values and who were really great, and they intend to continue to do so. Isn't that too much savings? When will they have had enough?
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I read a thread long ago from another poster that resonated with me. It went something like this...
Cuts are reaching the point where they are no longer just trimming fat but whacking off muscle and bone. Soon, they will cut into the brain and heart...the body (employee morale) will not survive.
This is most companies. Shareholders want profits NOW and cuts NOW and you need a really strong presence at CEO to keep shareholders and the board placated, thinking long term and comfortable with a commitment to communities and employees. As you may suspect, bnym doesn't have a strong presence at CEO so we get cuts and surveys and empty talk about culture.
It's not really savings. It will actually cost us very soon when we start missing regulator mandates or start failing our DR tests or can't provide reasonable customer service or get hit with AML issues or have a pandemic/flood/cyclone/earthquake in India.
if they were really all about saving they'd close out a 3/4 of the office space and let whoever wanted to WFH WFH (as long as performance output allows)
its about power and control
Its not really about efficiency, its really about power and control. Its always been about power and control
It will be enough when the elites/ exec’s have 100% of the money.
Idk if good idea.