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Return to the office? These workers quit instead.
(news.yahoo.com)
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this post was submitted on 24 Sep 2023
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Layoffs are unpopular so companies are tightening the belt by making the working conditions less hospitable.
Return to office is designed to have employees leave willingly so they can reduce headcount without making employees feel unsafe about budget cuts.
What they don’t seem to care is top performers are the ones most able to move to another job with better working conditions.
With a trim at the bottom by letting go of low performers and encouraging top performers to leave they are just trending toward mediocrity.
All of that pales in comparison to this:
We created X growth in profit for our shareholders.
If a company is publicly traded, the shareholders are now by law their highest obligation. It doesn't matter if that growth comes in the form of new clients or salaries unpaid through RTO policies. No other appeal matters other than generating more profit than the previous quarter at any cost.
Not maintaining. Not healthy business. Growth at any cost.
Wait, you have a law making the shareholders the most important for the companies, seriously ?
Yep, see the Ford v Dodge case
The shareholders are the owners of the company. If they feel (doesn't matter what really happened) that there is any impropriety or fraud they can sue.