We will probably have significant headcount reductions in 2025. Maybe not as dramatic as the previous poster is claiming, but there will be a lot of layoffs and offshoring. We can expect the 5-day RTO to be implemented soon if for no other reason but because it’s just another attrition strategy. We are only numbers, and short-term profit is the king. RTO, where implemented, is making people leave on their own. Getting rid of the people for free, while the overall trend is the headcount reduction, is the dream of corporate overlords.
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Sorry to hear that, I felt the same way the last two (very painful) years of my nearly 25 at BAC and volunteered for severance several times. I was lucky to be taken up on it, mostly because I lived in a non-core city state and was work-from-home. That was when they were consolidating. The severance was generous and was glorious. BAC does do a great job with displaced associates. However, I found a much better gig three months later.
Hang in there, maybe your dreams will come true.
Yup, already handing in my notice after Feb payout.
I've lurked on this site for over 2 decades now hoping for a severance package.
Raised my hand 3x to be added to list, only to be told "No, not you."
(why not??? plz plz me!)
They've worn me down with their evil-ness and cruelty. I'm out. No package. :-(
Buh-bye.
I know of a few teammates in their early 60's that will retire if 5 day RTO goes into place. They have accumulated enough assets over the years in 401k etc to financially be set but work because it's a good gig with flexibility and they enjoy it.
I don’t think we will see many people leaving voluntarily. In this economy and times, it’s very hard to find a job. No one will deliberately leave a job just because it’s back to office like it was pre COVID.
one sort of scam
5-day RTO
that forces people to live near the office
WFH people don't have to live near the office which greatly increases the pool of prospective employees
a H1b scam needs to show it cannot find any qualified employees
but if you allow work from home there are probably many americans across the country that can do that job
which means the company can't bring in the foreigner
Exactly. Why pay severance when you can make life miserable enough to drive good people away, then claim the savings as "responsible growth?"