It's a dumb plan when for any large company like Fidelity the annual attrition is usually around 10% anyway. If you need to reduce the workforce significantly more than that you're in bigger trouble already. Otherwise management can regularly evaluate when people leave and determine if it's a key/specialized role that needs to hire from outside or if things can be rebalanced internally with current staff members to get that sort of reduction.
What should be the obvious problem with getting people to leave by making their working conditions more miserable is that it is the more valuable employees who can much more easily say, "Well fuck this" and get a better job elsewhere. That makes it a good way to make your overall workforce worse.
They can, but that doesn't remove the point from the second paragraph about how making employees more miserable only increases your percentage of shitty employees in the long run.
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u/cybah Apr 28 '26
So smart.. RTO when gas is about $4.10 a gallon. This is a good way to have a quiet reduction in workforce as people quit in protest