Why are they laying people off when almost every area is severely short staffed and cannot fill reqs ?
2 replies (most recent on top)
@hil, any employee who isn't making BK money shouldn't be here to begin with.
The true reason is short sightedness from execs where employees are viewed as an expense and the value of their work is ignored. It looks good on paper because you see payroll go down but it takes a while for the work they were doing to seep into lower profits and it's not obvious what happened.
Oh, and short sighted from execs think you can just hire people from 3rd world countries for less money and get the same results.
C'mon, really, you haven't figured out the answer to your question by now? It's a corporation, more specifically a BANK--the only thing that matters is increasing or maintaining PROFITS. And one easy way to do that is by eliminating labor costs.
As my group was told by a mid-level manager during an all teams meeting about four years ago, "Everyone is going to have do more...with less." In the time period afterwards, my team was reduced from a staff of ten members to six. Those of us remaining had to pick up the slack of increased workload and extra responsibility...but we all still only received 1 to 2% yearly salary raises over that time.
I got sick of the disrepect and cheapskatedness and quit at the beginning of last year. Gave four days notice. I thought about just giving a single day's notice (like companies due when they "part ways" with employees and escort them immediately out of the building), but there were some people I wanted to say goodbye to first. And besides, I'm not an unfeeling despicable corporate dirtbag who can act that insensitively anyway.