Daymond John On Shark Tank (Image Source – Instagram_@thesharkdaymond)
Highlights
- Daymond John elaborates his point of view as to why Loud quitting is becoming the latest trend of toxic workplaces and poor management.
- It is driven by Gen Z and millennials who hate corporate disloyalty and embrace transparency over it.
- Loud quitting has been experienced by people instead of quietly suffering at their workplaces due to bad leadership and a lack of employee engagement.
Shark Tank judge and FUBU founder Daymond John believes it’s a natural response to the bad management toxic workplaces create: when employees publicize their quit – often with the help of social media, Shark Tank judge and FUBU founder Daymond John calls loud quitting the ultimate revenge of a toxic boss or environment.
Most workers, especially the Gen Z and millennials, embraced this trend of sharing their exit stories online with dramatic flair. Some even recorded themselves sending resignation letters in real time. The reason behind such behavior is witnessing how previous generations suffered during the 2008 financial crisis and the COVID-19 recession. They realized that companies care little about the employee’s well-being but only profit.
However, John also cautions that loud quitting only draws attention to the problems that exist at the workplace but eventually rebounds if overstretched. Arguing that resignation in public works more harm in the reputation of the employee and not the employer, he then says the wrong thing might find you in the court. “If you get too much attention over it and it’s not a bad place to work you can hurt yourself in the future,” he says.
Still, John feels that loud quitting wakes up the employers. If there are many who quit noisily, this means more fundamental issues are hidden in the organization. “You see a bunch of people loud quitting, you better pay attention. because you awoke so much emotion that these people are collectively saying, ‘I don’t care what happens to me—this place sucks.'” In loud quitting, Gen Z and millennials are taking the frontline for countering antiquated workplace culture. Beyond pay transparency, the trend embraces the coming together of individuals to discuss each other’s toxic work environments.
Most of the employees quit loudly because of the lack of corporate loyalty. Companies have been slashing staff for decades in order to save the bottom line, and younger workers are not going to protect the organizations that will not protect them in return. The lead of cultural insights at EY, Marcie Merriman, notes that “They’ve seen it happen to their parents, they’ve seen it happen to millennials, and in the last few years, many of them have experienced it themselves.”.
Some vocal quitters never imagine how far their step would reach. Christina Zumbo was shocked that the 2022 story about her resignation spread like it did and bothered her mental health so much. “I never thought that so many people would be reading, finding commonality and sharing their experiences or more to the point, their concerns of leaving where they work today,” she shared with the BBC.
Workforce Culture and the Quiet Quitting Phenomenon
According to Gallup, both quiet and loud quitting are results of growing disengagement at work: Just 31% of U.S. employees are engaged at work, while 17% are actively engaged; this is the lowest in a decade and ever. Many workers feel that they have not been supported or have unclear expectations for their roles, which leads to burnout and dissatisfaction.
Some have responded with quiet quitting, where employees perform only the bare minimum instead of striving for excellence. But for those, loud quitting could be in line next. After the pandemic, undertrained managers have developed into a scourge that makes matters worse, as it drives even more employees over the edge.
A LinkedIn’s Workforce Confidence survey found that 69% of employees would quit their job over a bad manager. Furthermore, this is just one of the kinds of leadership that makes the youths quit. Frustration is what, for some, eventually makes them want to make a statement and not just walk away.
The Future of Loud Quitting
The more employees who speak out about their unhappiness, the more companies will have to change. Loud quitting is no longer just an exit but a sign that something is amiss in the workplace culture. Employers ignore warning signs at their own risk; those who listen and adjust conditions may salvage the situation.
For now, loud quitting is an extremely bold way through which workers are forcing their way to reclaim control by proving that people are at times ready to burn their bridges and get out of a toxic job rather than quietly quit it.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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