this post was submitted on 29 Dec 2023
845 points (96.9% liked)

Work Reform

9994 readers
160 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

Paywall-free link: https://archive.is/eV7A5

you are viewing a single comment's thread
view the rest of the comments
[–] SquiffSquiff@lemmy.world 21 points 10 months ago (1 children)

It's absolutely about control. Example. I did a short spell at a hedge fund earlier this year and they were hyper-focussed about staff being onsite. Didn't even have seating in the kitchen or a dining area. Just bank after bank of fixed desks with people yelling at each other on video calls to other people in the same office. Control, control, control.

[–] Zeshade@lemmy.world 3 points 10 months ago (2 children)

Maybe I'm lucky to not work in such a horrible environment. Thanks for sharing. Why do people put up with it... I mean I know it's not always easy to find work elsewhere.

[–] SquiffSquiff@lemmy.world 5 points 10 months ago (1 children)

In this particular case, a combination of factors:

  • The company must ensure that all work-related communications for the traders (the people directing billions for the organisation and its customers) are recorded, not just recording all phone calls and emails, literally everything. They like to have these people work onsite for this because of course nobody can ever be trusted and nobody ever goes to lunch...
  • Management is all boomers - literally can't get their heads around remote work. They think that if you aren't in the office suffering then you are skiving. It's literally about an identity and conformity.
  • Management is completely focussed on traders - 'if they all have to be here then so must everyone else'
  • They pay exceptionally well. Absolutely a horrible environment but if you move the needle at a hedge fund then they will pay you more than any other type of employer.
[–] Zeshade@lemmy.world 2 points 10 months ago

I see. Really weird to hear about these old school boomers' mentality. I thought they were the minority because "why would I work for you if you say shit like that?" In the tech industry where I work this wouldn't fly. Or companies push for rto just to push people out. But I can now imagine how it can be in other industries.

[–] WarmApplePieShrek@lemmy.dbzer0.com 2 points 10 months ago

Because if you don't put up with it, you die.