NBS
This is someone's job as a Diversity, Equity, and Inclusion Specialist:
1) Visits NYC office
2) Check emails, write notes, meeting with supervisor
3) Lunch
4) Orientation for new-hires about diversity (she is "exhausted" at this point)
5) Wine tasting work event for all women attorneys
Into economic slowdowns banks/financials are usually first to trim, and I've already seen that happen. I've heard other industries cutting back, but we are no where close to max pain in terms of the labor market
NEETzsche
These positions are just corporate largesse.
NEETzsche
Law is very resilient. However, there’s another issue at play here as well: a lot of these particularly large companies have been captured by DEI types, much in the way that regulatory bodies can be captured. The ideology goes deep, all the way through middle management, which is to say even if the top dogs of that company decide they want to do more merit-based hiring/promotions, it won’t actually pan out that way. This ideology is also openly subversive, so even if they pretend to engage in merit-based hiring/promotions, they’re likely going to be papering whitey and issuing fake praise for their DEI pets. It isn’t middle management’s money they’re fucking with, and KPIs can often be fabricated or finagled. I know a couple people in HR, and they’re invested in the DEI shit in a way their bosses likely don’t even partly comprehend, so they’re going to put their thumb on the scale for a long time. The affirmative action cases for university admissions have sent these people into a scramble. They went from putting their thumb on the scale, like I just said, to hard refusing to hire white men. It’s like a last hurrah for DEI, in their mind, so they have to get in all the rigging they can as fast as they can.
It’s going to be a long struggle to fix this. Like decades, literally.
NBS
Unsurprisingly the first to get the ax when layoffs start. Pretty wild she's lasted this long, but I guess legal is fairly resilient.
NBS
It's fairly wild to see within my own company as well.
Used to be a smaller trading firm, global firm but still office was small, 200 - 250 people. 70% traders. Now, office has grown to 500 people or so, maybe 30 - 40% traders. Rest are HR nonsense or similar positions which can barely be associated with generating revenue.
Those nonsense positions hire more nonsense positions until, as you said, they are deeply interwoven within the company and therefore have control.
NEETzsche
And the thing is, they’re extremely ideological about it. You’ll notice these people gain a functioning understanding of The Rules (laws, corporate policies, that sort of thing) but then only use that knowledge in furtherance of their ideology. They make “arguments,” but the arguments are pretextual, and will change moment to moment to further the ideology. These are thoroughly brainwashed people, and there’s an entire generation of them.
I can’t speak for professional traders, but professional software engineer types like myself, they treat us like kulaks in a lot of these firms. We’re the ones who “made it” in spite of being white men, who are supposed to autofail at life, and it’s an outrage that we can afford to buy anything worth having and our revenue exceeds beer change. The worst part is, none of these companies are expected to stay in the black: if they fail, they expect government bailouts. And they’ll get those bailouts, too. I wouldn’t be surprised if ESG scores factor into Fed bailout eligibility.
We’re basically going to live through civilizational decline over this. It’s no good.
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