JPMorgan Chase employees believe their work-life balance and health and well-being declined following the bank’s decision to return to office full-time in March, Barron’s reports. Based on an internal survey released this week of 90% of the workforce, the aforementioned areas scored lowest, alongside opportunities for internal mobility.
That was the point. It’s an unstructured layoff, where they create conditions that will force people to quit which reduces costs. But it does not carry the same scrutiny and regulation of a formal layoff.
Edit: The other factor I think is causing these return to office requirements, is that the venn diagram of commercial real estate investors and sitting corporate board members is a circle.
Investors should be demanding the paper trail for how these RTO decisions are made. It’s going to hurt a company’s ability to hire the best candidates in the long run and that’s going to affect profits.
The only problem with this tactic as an unstructured layoff is that the first people to walk out the door are the people who can easily get jobs else where. You lose your best talent and retain the people who are less likely to find a new job
Execs dont really care tho. Each person is a number and skill sets dont matter
Most stocks are held by institutions who also hold most real estate.
thats called constructive dismissal, basically pressuring people to resign, by creating a toxic work environment. it was all people could talk about in the “work” subs '23-'24