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bustedbuddha t1_iyl02lz wrote

Reply to comment by ilikedthismovie in Morgan Stanley finally lures bankers back to the office 5 days a week by smallint

No that only means that a smaller percentage of the top of your company can walk. But your best can walk. Even in a down market a profitable professional is profitable. So you lost the top 1% of your workforce instead of top 3% of your workforce... you've still lost your best.

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edit: This is also why I'm against corporate actions that push people to "self select" to layoff, your best go fastest, and you get stuck with the workers who don't have other options.

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ilikedthismovie t1_iynn6oh wrote

My point is more that investment bankers/people in PE will almost assuredly be able to find new jobs. I agree tho that putting on crappy return to the office policies basically just pushes out the highest performing people who can get another job fastest.

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