The "loud quitting" trend has increasingly captured the attention of employees worldwide, fueled by social media over the past few years. This phenomenon serves as a wake-up call for bosses and organizations, according to Daymond John, the renowned "Shark Tank" investor. With low engagement costing the global economy a staggering $8.9 trillion, or 9% of the world's GDP, loud quitting has emerged as a notable trend. Gallup's 2024 State of the Global Workplace report underscores these concerns, highlighting that almost one in five employees exhibit work habits akin to loud quitting.
Loud quitting is a method for employees to publicly express dissatisfaction, particularly under toxic leadership or in unhealthy work environments. It allows individuals to make their voices heard, often by calling out toxic bosses or HR teams on social media platforms, ensuring their discontent is known as they exit a job. Daymond John supports this approach in specific contexts.
"I think it's great when there's a toxic boss [or] toxic environment," – Daymond John
However, loud quitting is not without risks. Engaging in this approach can lead to unwanted backlash, including "loud replies" from strangers and ex-colleagues. Employees must tread carefully when opting for loud quitting as it can potentially damage professional reputations if misapplied.
"If you do it too much, and you get too much attention over it, and it's not a bad place to work, I think you hurt yourself in the process," – Daymond John
The global economic implications of low engagement are significant, with losses amounting to $8.9 trillion. This figure represents a substantial portion of the world's GDP and highlights the urgent need for organizations to address employee dissatisfaction. As per Gallup's 2023 report, nearly one in five employees globally possess work habits that could be classified under loud quitting, indicating a widespread need for better workplace environments.