It's official, those not at HUBS will be asked to relocate or be displaced in the next 1-2 years.
50 replies (most recent on top)
Couldn't agree more. As a final insult, I think they will also reduce the severance pay, lol. Gotta to think like Chuckie...
Is no one paying attention to these AMAs? Van Useless can't make it any clearer. He & HR stated this is the direction the bank is going many times. Telecommute agreements are dead. Handbook says you can't live more than x amount miles away from an office. If you move more than those miles you are considered a voluntary resignation. HR said this. Not some id--t on a blog. Tuccio stated this is the direction the bank is going because Useless wants it this way and Chainsaw agrees. Move on people. It's scary, it sucks but they are digging in. Teamwork flat out says talent is found in the metro areas. They don't want you anymore. F em. Do what is best for you and your family or hang in for severance. You are only remote now until they hire the bodies in hubs to replace you.
@ntg sounds like he deals with the customers so the engineers dont have to. He has people skills!!!!
@2ntg+1dD2qwgF
That doesn't matter. What is being said is that once the employees in the hub cities are able to do your job, they will. You might have a chance to move if you aren't making too much for them to consider you a liability. You might have a chance to move if you are moving upward in the company. You might have a chance to move if they determine your skills might be needed. But if you decline or drag your heels the outcome is yours to own.
"The only thing that is stringing you along is trying to make sure we have space and everything works for those already in hubs."
Have you not been paying attention? I AM NOWHERE NEAR A DRIVABLE FU----G HUB.
You don’t understand what “for now” means? It means you have a job now and in the future you will have to make a choice between moving or finding new employment. The only thing that is stringing you along is trying to make sure we have space and everything works for those already in hubs. If not for COVID, the phase of upending non-hubbers would be in progress right now. Just don’t claim in another six months or so that you had no idea this was coming, because the writing has been on the wall for some time now.
@2mhi+1dD2qwgF
Some of them will have the ability to change that situation. They will be offered jobs in hub cities and will move to adapt to that change. Others do not want to move and will have to adapt to the changes their stubbornness or unwillingness to change brings them. Even more will not be needed once these changes are done and will find employment elsewhere.
@2mhi+1dD2qwgF
Because they are still useful - for now.
I'm talking about decisions regarding the non-hub folks. Their situation isn't changing, and yet the bank is stringing them along... "For now..." "For the foreseeable future..." Surely there's a tiny part of you that understands how we might feel, being left in limbo.
@2pct+1dD2qwgF
No. Do you not know how things work? Do you think they are going to just go through and demolish the building or sell it off? There are ripples. Buyers are not buying at the rates they were before the pandemic. Renters aren't renting at the same levels either. Some other businesses are remote only now. Others migrated to more digital platforms and laid off employees and don't need the buildings they have. Closing these buildings or declining to renew leases has a ripple effect. We do not want to be holding a lot of unused buildings. Employees have items in these buildings that have to be recovered. We also have to make sure that information security is paramount when these things happen. We have to make sure that jobs are moved to hub locations or replaced overseas or through contract work. There are many pieces to the puzzle, and COVID affected nearly every part of that.
"Consolidations and other projects were supposed to be all completed by 2022. The pandemic slowed things down considerably."
Sounds like it was those folks whose remote work wasn't up to snuff. :-P
@2qtt+1dD2qwgF
Consolidations and other projects were supposed to be all completed by 2022. The pandemic slowed things down considerably.
So they said more than 2 years ago in November 2019, still mostly not happeneing.
Areas outside of major metro locations and their suburbs are largely homogenized. The churn rate in most customer service or phone jobs is high naturally.
They also have plenty of space for the people they want to keep in those hubs. Maybe not at first, but as things thin out they will have more than enough.
@1gbz+1dD2qwgF - Deeper talent pools in hubs? Maybe there are more people, but the churn among financial institutions is ridiculous.
They also don’t have space for everyone that’s currently employed in the hubs. How will further centralization and more hiring in those locations make it better.
Diversity can also be found in location. It helps us have a better perspective on customer needs, communities, etc. vs. having blinders on to anything outside the overcrowded hubs.
Pathetic “strategy” all around. It has been for years and will continue to be!
@1lox+1dD2qwgF
Maybe a belief on your side. But its a fact over here. Lots of people are trying to avoid it or trying to act like it's not happening, but it is. Centralizing into a handful of large locations in bigger cities makes sense from an operations and financial standpoint. Cheaper to support employees, cheaper negotiations for health insurance or medical benefits, cheaper to find new employees to fight churn, easier to find bi or tri-lingual employees, more diversity in employees, deeper talent pools and more amenities for talent we bring in. It has been trickling this direction for a time now, but it's going to pick up a lot of steam in the next 12-18 months.
It's not a belief, it's a fact. There are always exceptions. Sometimes people are aware of them, and sometimes not.
Recently, 1 person down from Charlie told my boss that no one was being let go due to spans and layers. Lies! Have you never witnessed the lies from this or any past management team? I’ve been lied to many times. I worked 100% remote pre covid and was pulled into the office due to a hub strategy PRIOR to covid and attrition efforts. You are kidding yourself if you think this isn't going to impact you in some way.
@1bux The writing is on the wall guy. Auto is three locations and two of those are currently HUBs. Raleigh’s days are numbered. Just like SA and Houston in Texas. It will eventually ONLY be the Dallas-Irving area. If I was in Raleigh or San Antonio, I would be looking for something else. It will take a while to get rid of (maybe a year or two) but remember this comment because it’s happening. Guaranteed.
@1orj+1dD2qwgF
The guy below me gets it. I'd guess they are going with your second option. Unless it came from a person just below CS or CS himself - chances are it's just hot air.
You will stay that way “for now”.
100% of our team in operations is remote and we have been told from a few down from CS we will stay this way. So maybe not everyone will be called into a hub. Or maybe they are going to string us along long enough to replace all of us (50+) at a hub.
@1zpb+1dD2qwgF
As much as I'd love to have a little extra for Christmas, it wouldn't be right for me to take your money. Everyone will be reporting to a hub location, despite what you believe. And if you do not, there's a good chance that either a contractor will do your job, or they will have a job opening for your exact position in a hub.
I'm interested in seeing how they're going to force all of Operations into hubs. What percentage of COO isn't currently in hubs?
Want to bet a pay check? I have little knowledge about what all 250,000 employees are up to, but even from where I sit I know of two non-branch groups that can't/won't be hubbed. Sure, if you go up enough levels there may be a manager sitting in a hub somewhere, but 99% of the employees in the group will not be.
@1hyr+1dD2qwgF
Admin work would be any work that's not branch work. And you may not have a hub, but you'll be reporting to one of those locations for sure. Think of hubs as centralized work locations. It doesn't mean your entire team sits there. It doesn't mean you support anyone in that site. It only means that the hub is where you'll report to an office location to do your job when we all RTO.
@1bux+1dD2qwgF
Irving is in the Dallas hub.
Chandler is a hub.
Raleigh-watch for announcements.
"However if you say no to a job that is less than 40 miles away you are not eligible for severance. I’m pretty sure it’s 40 miles but it could be 50."
But if there were a job less than 40 miles away in that LOB, why wouldn't they just change this person's working location to the same location instead of laying him/her off?
Their is also a Raleigh Hub..... (For Auto) ... there are 3 actually, Irving, Raleigh and Chandler ... they consolidated to just those about for years ago from the 57 regional offices we had.
Wells Fargo has been in a Hub mentality for quite some time ...
Not sure you know the full scope of 'admin facilities' based on your comment, but unless they have some star trek transporters handy, they aren't hubbing my group. It's a practical impossibility. There's exceptions to every rule.
@1zdt that’s not correct information unless you are already living in a hub and they reassign you to that same hub. In general, if your job location changes and they reassign you to a new job that is more than 40 miles away from your current location you are eligible for severance even if you turn the new job down. However if you say no to a job that is less than 40 miles away you are not eligible for severance. I’m pretty sure it’s 40 miles but it could be 50.
I heard they will say your current role is no longer needed, then offer you a slightly different but similar job in a hub city. If you choose to turn it down then you are turning down the job and no longer eligible for severance.
I heard they will say your current role is no longer needed, then offer you a slightly different but similar job in a hub city. If you choose to turn it down then you are turning down the job and no longer eligible for severance.
@bir+1dD2qwgF
This is correct. But it still applies to the 9 places listed below.
@zgn+1dD2qwgF
They will take applicants there, does it mean they will hire there?
How do you explain organizations like COO that are hiring in like 20 locations and not all are “hubs”
lobs get a list of hubs to choose from so while a hub city may be allowed for one LOB, it may not be for another. Take a look at risk. California is not on the approved list. this could change given the amount of talent leaving recently, but for now it is what it is and if you are a manager with an open position you pretty much need MNs approval to post it on CA.
@ito+1dD2qwgF
Meaning your LOB may not have just one hub. You could all even work remote before COVID - but since RTO and the Location Strategy are now in effect - everyone will be reporting to a hub building. You'll be required to live within X miles of the hub as well.
"You could be hub-less but you'll still be required to work from a hub location."
I don't understand this statement.
@thx+1dD2qwgF
9 hubs for all business lines in the US. That just means those will be our main buildings -excluding branch locations- for all of the admin work in our company. You could be hub-less but you'll still be required to work from a hub location.
Depends on LOB, many are geographically tied to customer focused stuff, and no hubs do or will ever exist. Not worried about it. Like many properties related initiatives, it will change in a few years and wind up being a huge waste of money.