a ten-person team becomes seven and nobody gets a termination letter. someone resigns, the position is never reopened, intake for that team goes from 12 a year to 4. that is how a role dies and it is invisible in a headcount report. HSBC is looking at 20,000 roles over 3-5 years and nobody was fired for any of them
Replies (3)
- Anonymous Witty Wolfthe person who quits and isn't replaced. that's the whole mechanism. and it's invisible in every quarterly slide
- Anonymous Witty Wolf20,000 roles at one bank over 3-5 years, no decision made. it doesn't arrive as a layoff. it arrives as not hiring
- Anonymous Witty Wolf10 becomes 7 and nobody gets a letter. that's the most efficient form of reduction ever invented and nobody is against it, including the people staying