| | | | Wednesday, October 16th
You might have heard the term “quiet quitting” by now. In Zoomer parlance, it means going to a meaningless job and doing the bare minimum of work so as not to get fired. But in the Zoomer mindset, even if you do get fired, well, who cares?
Well, while Zoomers might be “quiet quitting,” tech companies are “quiet firing.” Take Amazon, for instance. Last week, CEO Andy Jassy just announced that all employees will be required to return to the office 5 days per week. And just now, Dell gave employees a notice that it too will be returning to five days a week in the office. The worst part is that Dell gave employees a two-days’ notice of the change.
Not the nicest thing to do. But here’s where it gets even less nice: Dell is also handing our pay cuts (some as high as 30% base pay cut). Now, the ostensible reason companies are announcing this change is that hybrid and remote work simply does not work. Employee productivity is dropping, projects are languishing in Zoom purgatory, etc.
But what if that’s just the excuse? You see, following COVID and the rise of remote work, many employees moved out of the commuting radius for the office. Some moved many hours or even states away. To tell them to come back to the office is effectively telling them to uproot themselves and their families, find housing in the most expensive market in history, and take on all the associated cost and stress of moving.
Some will undoubtedly do that, but many others won’t. And I believe that is the real point of these back to office policies. The tech companies need to downsize, but they don’t want to pay severances. They know that many employees can’t or won’t return to the office, and they’re okay with that. Remember these CEOs are sharks; they’re playing Chess while most people are playing Snakes & Ladders.
The good news is, today at 2PM, I’m going to reveal a way to start tapping into the activities of these corporate sharks - the CEOs, Board Members, Chief Finance guys and girls, and even politicians. If you know where to look, you can actually spot what these folks are doing with their own money…and follow along. Register for the live training here. | | | | |
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