Barclays Announces 4 Days Mandatory In-Office + No At-Home Meal Expenses
Referencing the NYC office, don't know if this is the same across ' other locations. Policy kicks in October 3rd. The kicker is that the removal of at-home meal expensing includes weekends.
Naively thought that some of the post-COVID improvements in lifestyle/perks would be permanent. Seems now that the labor market is less favorable towards IB juniors, seniors across the street are saying "lol sike" and flashing us all a fat middle finger.
Really fucking tough pill to swallow following garbage bonuses, sky-high rent, increasing mortgage rates, unprecedented , and yet another looming recession all joining forces to bend us over. If you really think about it, seems the only longstanding improvement to banking post-COVID is slightly higher base salaries, given bonuses were dialed back to keep all-in comp flat.
Thoughts? Any other banks announce similar belt-tightening moves recently? Any thoughts re. how this'll affect talent recruitment/retention going forward?