It’s a simple concept: treating employees well is crucial for success. When you show respect, people are more likely to stick around and contribute to the company's growth. But if you mistreat even one team member, it can create a ripple effect that brings everyone down. Why is the leadership having so much trouble understanding this basic idea?
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Hilarity! The "war" started with the resistance to RTO? Nah. That's a counter-measure to the RTO mandate. Everything was smooth until that attack.
I know it's difficult to understand cause and effect, but please try a little harder in the future.
At the risk of being pedantic, management didn’t start this war.
Employees started this war with their massive hissy fit against returning to office.
Grow up.
They understand. They just don’t GAF. The mistreatment is by design.
In the UK, in our office, there’s no more recruitment, just a few onshore people left to continue oversight. Each person is doing the work of two or three, under phenomenal pressure, with no recognition from managers, miserable salary increases, and criticism whenever you make a mistake, despite constant pressure. The message is very clear—they’re clearly trying to make people crack so they leave without a severance package. But I’ve been here for 15 years, and I’d rather be signed off for a year than leave empty-handed. It’s truly a pitiful company
Par for the course for TSG and prod services “leadership”, useless arrogant lot that they are
No company out there “gets it” never have and never will
When you show respect, people are more likely to stick around and contribute to the company's growth. But if you mistreat even one team member, it can create a ripple effect that brings everyone down
To know the difference here would require ladies and gentlemen of good upbringing, truth, standards, compassion and professionalism.
Are RV and his mob any of that?
They need to put a 40% Tariff/ Tax on offshored white collar work and treat the data coming back as an import.
Stock price is up significantly over the last year. They are following the current corporate blueprint. Offshore as much as possible, pretty up the balance sheet, get the C suite their pretty bonuses and compensation and bounce. We are maggots here in America. And even when Robin bounces it won’t get better because the next guy or woman will be the exact same
I am trying to think like them.
The operations is streamlined and has been functional for years. No major incidents for many years. Why do I need these highly paid folks in US where their instructions can be followed by Indian employees who are also smart and cheap
We will make the highly paid employees and techies to document everything in terms of cleaning up and regulatory requirement. Run multiple DR operations to ensure that the bank can be run smoothly with the existing software / technology.
We are so big, we can force the clients to adopt to our directives and not service them rather they need to stand-in-line to get our service. We are 20T company and heavy weight. Lets throw it around
Lets bring the stock price up but trimming our work forces. Run the bank with no new products or services. We will claim the new P-M and process will magically deliver new services. The industry does not need any new services. The status-quo is more than enough and lets do it with less resources.
It is all about marketing. Claim that P-M is the panacea and process is magically solve our problems. The investing public believes in numbers and classy graphics. Jira can provide all these fancy reports . With Jira we can declare we are on right track , with increased velocity of deliverables which have no value
I am just wondering how this will be disliked by the street
Because they no longer care about employees or even customers at this point. Look at what theyre doing with offboarding everything they can to india so they dont have to pay much and can pocket the rest. Those folks barely make anything but they also can barely do anything. Bny no longer cares about that and instead are getting rid of knowledgeable employees. Wish it would blow up in their faces sooner rather than later
Because their mission is to raise the stock price, get their bonus, and jump to the next company before this one goes up in smoke.