Emphasis mine
For those of you who are fans of management science, this shift can be characterized as moving away from an orientation on hierarchy and familial cultural norms and towards a more externally focused and competitive market-based culture. I understand that some of you may have started your tour with this company expecting an “employment deal” rooted in loyalty, tenure, and conformance with the associated compensation, work structure, and benefits. We have consciously shifted away from some of these elements and towards a more market-based culture — focused on rewarding capability, contribution, and commitment.
broke: loyalty & compensation
woke: commitment & contribution
t CEOs never beating the charges they could be automated by a poorly tested LLM
Your employment will be market-based in that the you need to supply your labor cheaply and we will demand a blood sacrifice
“We’ll be focusing on rewarding commitment.”
“So that means you’ll be rewarding committed employees by not laying them off just to juice quarterly profits, right?”
“Right?”Curious to see what percentage of AT&T’s workforce quits lmao
This is sometimes a way to do a layoff without having to actually do a layoff, pay severance, etc. It’s generally not recommended though, because you have no control over who actually leaves. If that is what they are doing, they are likely doing it now because they feel the job master is to the point where people won’t have as many options to leave.
From what I understand you tend to lose the people who have enough experience or talent to more easily seek out other options.
Those are often the more expensive employees though so from a purely bean counter standpoint it’s usually considered a win. No business person wants specialized employees even if those employees are the reason you’re successful to begin with
These fucks will fire the people who built the company and give themselves bonuses worth more than the cost of the employee and then wonder why the fuck the company starts falling apart
They don’t wonder. It’s by design. The people who make money on quarterly earnings will get their bag, and the people who actually depend upon the structure for employment or services will have less and less. It’s just capital cannibalizing itself to try and fight the rate of profit. If you’re only invested as far as the next business year at most, then who gives a fuck what happens to the organization in another 2-5? Another reason why worker owned production is better. The services are run by the people who both benefit and provide them, so they have an incentive structure that promotes long term thought rather than a mercenary job to extract as much value as possible, even if that gets stripped from the walls.
Your employment options will only be what flavor of cop you want
That’s a lot of words when he could have just sent them this:
Ed Zitron’s Business Idiots essay continues to ring true
That’s the one
I’m really dreading my partner’s job doing this to her because we can’t move closer to their fucking office, she can’t commute 6 hours a day, and I really don’t know if she’s going to be able to find a decently paying job if they force her to quit
There’s also literally no fuckin reason for them to do this since her job can easily be done entirely online but woops when has that ever stopped these shitheads
You must swear fealty to your lord
Your lord will not however return the gesture
Of course not, the lords only fealty is to God (the market)
Mammon
Frank as in “frankly, we don’t give a damn”
I LOVE MY MARKET-BASED CULTURE
I want his Stankey ass to spend three weeks living in a tent in Gaza and then get interviewed again
How compelling
