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‘Morale is bad’ across FDIC workforce after reports of toxic workplace culture
Manage episode 424571712 series 2701908
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Federal Deposit Insurance Corporation leaders say employees are suffering from low morale, and that the agency is facing long-term recruitment challenges, as it deals with reports of a toxic workplace environment.
Officials overseeing reforms at FDIC told members of the House Financial Services Committee on Wednesday that the agency needs a “fresh start,” after an independent investigation substantiated claims of a toxic workplace.
Jonathan McKernan, co-chair of a special committee FDIC created to oversee an independent review of the agency’s workplace culture, said FDIC employees are “exhausted and distracted,” and face a “significant headwind” to do their jobs.
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