Britain's Monzo cutting up to 120 jobs due to coronavirus impact

no it’s really not. what roles do you think are less optional?

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Regulatory, fraud, security et al

I mean I love diversity, but :mondo: is already in a pretty decent state in that regard

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that’s where we 100% disagree then.

MMT … yes , yes sorry Im probably old school :slight_smile: my apologies for outmoded economical thinking :slight_smile: lol

wow. just wow.

the state of someone who can make that claim is flabbergasting :frowning:

please. especially at times like this please educate yourself :slight_smile:

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https://uk.mobile.reuters.com/article/idUKKBN21D259

https://uk.mobile.reuters.com/article/idUKKBN21B2FD

https://uk.reuters.com/article/us-barclays-employment/barclays-halts-new-job-cuts-during-coronavirus-crisis-memo-idUKKCN21W1F0

Of course, these are only temporary delays until the immediate crisis is over but interesting to compare and contrast their approach to Monzo’s.

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I think we are done here then

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Could you tell us why you think the statement is incorrect?

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The function isn’t optional. That doesn’t mean a particular job can’t be made redundant. There are various ways of integrating a function into an organisation.

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In what way?. Have you seen how many women and non white males are in the senior executive team?. How about other senior roles?. There is clearly work that is needed to be done at Monzo for diversity and inclusion.

What she is saying is, diversity and inclusion is not just for when things are going well. Making the head of diversity and inclusion redundant during tough times is like saying it isn’t something we’re prioritising or see as valuable right now. It’s not something your prioritise. It should be a core part of any business and not something you cut as a cost saving measure.

I am appalled that Monzo would do this. They were happy to get a load of positive press for hiring a head of diversity and inclusion, but it feels like they never really saw it as a core part of the business they were building.

Look at section four over here and tell me that’s a diverse team. Any non white man is gone.

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Agreed. You can merge roles

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because if you’re not actively working to dismantle systemic structures you’re part of the problem. it’s not good enough to be “not racist”. anything less is complicity which, i’m pretty sure, is a big deal. big like security and fraud big. like i said, educate yourself.

this is easily as important as regulation and fraud and it beggars belief than anyone could think otherwise. are you seriously saying it’s not?

precisely.

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That is quite a lot of speculation though. For all we know, Sheree might have put a small team in place who now perform the role - making it her time to move on. We just don’t know the facts around the situation.

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Yes there is more work to do at :monzo:, but in generally terms, culture wise, they are in a reasonable place

They already recognise and communicate the need, own the problem, and work towards it

At a time when they are up against it they need to prioritise legal functions, not someone expensive and recently introduced to keep telling them that

So you actually have no interest in what Monzo does, or what it plans in doing going forward. You just want to use an agenda to be rude.

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I think you’re getting a little bit angry over nothing. The tweet is massively “holier than thou”

I’m not saying it’s not important, but isn’t essential in a regulatory, “this is how to run a bank” type thing.

There’s more to do for inclusion and diversity at most companies, this takes time.

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This is the overall problem with this whole thread. There’s so much speculation. We simply don’t know the details of what Monzo are proposing, how they’re going about the redundancy, how operations are being restructured, etc. They could be doing this in a responsible way, they could be doing this in a shitty way. But we don’t know. And then trying to make comparisons with other banks which we know even less about. This thread is very :roll_eyes:

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nobody who makes special smarmy exceptions for “at last they are trying” doesn’t have an ingrained prejudice, and like all prejudices, they flex and twist it to suit their personal comfort.

sorry, to claim “it’s okay, they’ve done a bit, better focus on other things” is quite disgusting.

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Maybe they should launch monzo plus and thatll pay for the staff they are loosing.

I think we all need to be respectful here. 120 hard working people have just lost their jobs in the middle of a global pandemic which is awful.

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