3 ms·

The idea that attrition is a problem seems to mostly be an employee annoyance/frustration/overestimation of how they themselves are valued? At most management m

The idea that attrition is a problem seems to mostly be an employee annoyance/frustration/overestimation of how they themselves are valued? At most management might complain about it, but even as job tenure has rapidly fallen in this industry, the result seems to be a collective shrug. The Great Resignation didn't trigger that many major retention initiatives either.

ath3nd 3y ago
They are doing this very much on purpose. Being harsh on rto and removing perks and showing that you are a replaceable cog in the machine? That is bound to make some people resign. And suddenly, Amazon's end of quarter spreadsheet looks better, wow they are so efficient, and UP goes the stock price. Additionally, to them and other tech giants, flooding the market with experienced engineers is another win. So many jobless qualified engineers is bound to cool the salary expectations of people. Wham-bam, there goes your bargaining power, buddy. And for those still employed, it sends a chilling message they can be next. What follows is even more beneficial for them. Faced with the reduced headcount, they can now open up positions to compensate for those who left voluntarily. Naturally, due to the cooling market with high competition, they can offer a lower salary and perks than the positions used to go for. Oh, and also they will brag very publicly that they are expanding headcount AND are more financially efficient, two major indicators for investors. And bam, magic, UP goes the stock price. But wait, there is more. After a certain amount of time, the CEO dude will use ChatGPT to generate a letter to all employees saying something to that affect: ' Dear family, due to circumstances well beyond my control and strong economic headwinds and the war in Ukraine and Gaza, and solar flares, we have to let a certain percent of our family go. There is no way I could have predicted any of this when we opened 1000s positions last year Yes, we are profitable, but to be more profitable, I' ve made this decision, and this is most difficult decision in my life (that's why I am making it out of my mega yacht in the Maldives, so I can grieve in peace). Those of you affected probably won't even be able to read this message as your access to company info channels is being revoked as I am writing this. But rest assured, you will receive a generous severance (the minimum required by law or less), and your contribution has been suuper valuable. You are and will forever be part of the family. Cheerio, Douche Mc DoucheFace ' And just like that, like magic, the stock price goes up again. Mind you, the same company which just grew its headcount last year (which translated to a bump in their stock) is now firing roughly the same amount of people to 'be more efficient' and this translates to another 'UP góes the stock price moment'. This cycle of pretending to be a family and giving kombucha and office massages to lure the best people, then firing them to be more efficient, and then rinse repeat, has huge consequences for the labor market. It results in overly valued behemoths and downtrodden weak labor force. It's a farce, played by people who see other people only as numbers on a spreadsheet.

ath3nd 3y ago

They are doing this very much on purpose. Being harsh on rto and removing perks and showing that you are a replaceable cog in the machine? That is bound to make some people resign. And suddenly, Amazon's end of quarter spreadsheet looks better, wow they are so efficient, and UP goes the stock price. Additionally, to them and other tech giants, flooding the market with experienced engineers is another win. So many jobless qualified engineers is bound to cool the salary expectations of people. Wham-bam, there goes your bargaining power, buddy. And for those still employed, it sends a chilling message they can be next. What follows is even more beneficial for them. Faced with the reduced headcount, they can now open up positions to compensate for those who left voluntarily. Naturally, due to the cooling market with high competition, they can offer a lower salary and perks than the positions used to go for. Oh, and also they will brag very publicly that they are expanding headcount AND are more financially efficient, two major indicators for investors. And bam, magic, UP goes the stock price. But wait, there is more. After a certain amount of time, the CEO dude will use ChatGPT to generate a letter to all employees saying something to that affect: ' Dear family, due to circumstances well beyond my control and strong economic headwinds and the war in Ukraine and Gaza, and solar flares, we have to let a certain percent of our family go. There is no way I could have predicted any of this when we opened 1000s positions last year Yes, we are profitable, but to be more profitable, I' ve made this decision, and this is most difficult decision in my life (that's why I am making it out of my mega yacht in the Maldives, so I can grieve in peace). Those of you affected probably won't even be able to read this message as your access to company info channels is being revoked as I am writing this. But rest assured, you will receive a generous severance (the minimum required by law or less), and your contribution has been suuper valuable. You are and will forever be part of the family. Cheerio, Douche Mc DoucheFace ' And just like that, like magic, the stock price goes up again. Mind you, the same company which just grew its headcount last year (which translated to a bump in their stock) is now firing roughly the same amount of people to 'be more efficient' and this translates to another 'UP góes the stock price moment'. This cycle of pretending to be a family and giving kombucha and office massages to lure the best people, then firing them to be more efficient, and then rinse repeat, has huge consequences for the labor market. It results in overly valued behemoths and downtrodden weak labor force. It's a farce, played by people who see other people only as numbers on a spreadsheet.