this post was submitted on 12 Jan 2025
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[–] [email protected] 45 points 2 weeks ago (2 children)

So, how many employees remove JPMorgan from their workday and choose a different employer?

[–] Diplomjodler3 62 points 2 weeks ago (3 children)

Likely quite a few, which is the point of the entire exercise.

[–] [email protected] 36 points 2 weeks ago (1 children)

Yup. This is quiet firing. Companies are trimming payroll in preparation for the Trump economy.

[–] [email protected] 21 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

It's a dumb short term move though. The employees you're going to lose are your top performers.

[–] [email protected] 12 points 2 weeks ago (1 children)

I remember this being panel two in a Dilbert strip (from back in the days when Adams did a great job of presenting as sane.)

[–] Passerby6497 7 points 2 weeks ago

Back when Dilbert was the main character, before Adams turned into the PHB.

[–] frunch 3 points 2 weeks ago

Ehhh H1B is panacea--just you wait and see! 🤡

We can outsource physical labor, now we can outsource intellectual labor. Fly em in, give them the lowest wage they'll accept, threaten with deportation if they fall out of line. This is the kind of deal these companies are really looking to exploit -- they save money trimming their higher-paid talent while replacing them with someone being paid far less. It's a win-win for the corps

[–] [email protected] 3 points 2 weeks ago

Capitalists only ever care about next quarter.

[–] SlopppyEngineer 23 points 2 weeks ago (1 children)

And it's not even guaranteed to work. All corporations seem to be doing (quiet) layoffs so most employees just suck it up and commute, brimming with fresh resentment.

[–] [email protected] 19 points 2 weeks ago

Any quiet firing will tend to selectively get rid of more good workers than bad workers. The stars with good resumes and reputations in the industry can find good work elsewhere, and on the margins shittier work conditions will cause them to leave. The ones who can't get another job are the ones that stay, and aren't going to be as productive.

[–] Passerby6497 17 points 2 weeks ago

Which is fucking stupid, because you lose the good talent and get left with the ones who can't find a place that treats them better. But then again, it's just standard modern day capitalism trying to make the line go up for another quarter, no matter the long term detriment.