I personally know of people leaving over RTO. Exit interviewing is tracking this and managers can select RTO (however it's worded) on some form filled out as reason for separation ...
Is this the plan?
Is this be design?
What will happen as a result of all this ...?
What will they do with the information ...?
We'll hack it all out on this board.
RTO is simply a workforce reduction without severance. That's 1000% what it is.
I bet they even bring telecommuting back after they reach their staffing goals, touting themselves as a 21st century company or some such.
Unless you work in HR or are a high level manager you know nothing about the exit interviews
People leave, the people left get piled on, they leave.
Guess Wells is breaking itself up.
Long overdue.
@upe+1fokEJqN privileged to live in the 21st century! Being in an office is an antiquated idea. People need to be together for only a small part of what they do. Anyone who tells you differently is a poor manager who cannot lead a team and needs to loom over them to constantly micromanage.
I’m guessing you’re one of those.
“If you refuse to RTO will you get a package when fired?”
There’s a thin margin of employees that may be eligible for severance due to location strategy guidelines spelled out in Teamworks, but that’s it. Unless you somehow win a golden ticket out of here, Wells Fargo is more than willing to play chicken with us to see who flinches first. Decide your own fate. 🤷🏻
If you refuse to RTO will you get a package when fired?
Someone mentioned to buy oxygen and a mask, so lower chances of catching the virus or any virus:
https://www.usasafety.com/4-cylinders-oxygen-medical-gases-d-e-green-cylinder-cart.html?gclid=Cj0KCQiAjc2QBhDgARIsAMc3SqS6HnJ79qJX3KVI2DAgWjgdYWglQItWdoetQeuvnR7ycDXyvVAWBFcaAl9tEALw_wcB
Did anyone else hear this? Looks like has wheels, maybe easy to bring in and out?
It isn’t safe to RTO. All of my team are so on edge and stressed over this. The cringeworthy, saccharine-sweet email we all got about this dangerous decision drove home how out of touch management is. I’m so disappointed in our company and, reluctantly but firmly, also looking for employment elsewhere.
Ten-year, mostly-happy, high-performing employee here. I reluctantly came to terms with the reality of RTO over the weekend (as in, they’re actually proceeding with this). Updated my resume and launched my job search. I feel bad for my boss and my small team, but I’m simply not comfortable with RTO—and the job market is fantastic! Wells Fargo has the right to make its policies and we have the right to stay or leave.
RTO itself isn’t the problem: lots of people prefer an office environment, and WF would be foolish not to offer it. It’s the draconian location strategy combined with what looks now like an inflexible “hybrid” model, pushing people in who can work just as well at home or who aren’t co-located with their team. That’s the part that’s a huge waste of time and will definitely lose them a lot of high performers. I have a ton of loyalty to Wells and a year ago couldn’t imagine leaving the place I’ve grown at for 15 years. Now I have 3 interviews at external firms. Who knows if they will work out, but if they do, there’s a good chance I’m leaving which puts my team and managers in a challenging spot, at least for a short time. But I’d rather go now before they push me out because I’m not located in the right place and have no opportunity.
There's no reason to hide it. Especially after you give notice :)
I get 6-10 recruiter emails a week and I tell them straight up, "Don't send me anything that isn't permanent, full-time, 100% remote work. I am simply not interested." I'm not jumping ship though. My current job gets it though. For remote workers, as long as we're in NA with good solid internet capabilities, they don't care where we work, live, or travel.
Seems like I hear of a few every week and I have been surprised at the openness they feel to share why they are leaving too.
You guys are forgetting the cost savings the company will have when replacing these knowledgeable employees…..replacing them with BOA/Chase flunkies or total newbies at a lower cost. You save severance payouts and decrease overall human capital expenses. Charlie is a grim reaper assuming the image of a real life Elf on the Shelf, to disarm us.
I know people that are leaving, but RTO isn't the main reason. More like 4th or 5th reason. The only thing holding them back was the bonus and now it's paid. The morale and the mentality of doing more with less is ki----g folks.
They are expecting some attrition and want it, but I think they are getting the wrong attrition.
They are hoping a certain percentage leave, and 2 percent of 270K employees is a lot of severance, etc. that they don't have to pay.
RTO is all about Charlie’s ego. He can’t admit he was wrong. Productivity hasn’t suffered. We all basically work virtually together across any number of hub sites. What does it matter if I interact with my peers in my sweatpants, or drive into an office, log in, and interact with those same peers in a virtual environment? It’s an attrition driver for sure and is definitely a cost cutting initiative to avoid severance expenses. Make them miserable (live fast). Make them quit (love hard). Make me my money.. and make my way to my next slash and burn (leave a pretty corpse). Those are Charlie’s only priorities.
buh bye, talk about feeling privileged and entitled, good ridance
I'm generally quieter and reserved, but I am confident in my work, and I know the value I bring to my team. Sure, I am replaceable, as we all are; however, losing me would have an immediate negative impact.
As of last week I am looking and have multiple interviews lined up with employers who offer 100% WFH. Assuming salary and benefits are in the same general ballpark, I will absolutely walk when offered. It's a shame Wells is forcing our hands like this.
Several in the department have left due to RTO. I know of some that are currently looking because of that reason.
I am looking too. I just wish they would be more flexible. 2 days in the office or working at the office of choice, would do a lot to keep me here, at least for awhile longer.
Friday was my last day and RTO was the precise reason I chose to leave. I am very experienced, well-educated, and my reviews have been exceeds the last several years. I've also been promoted twice in the last two years. I took a role with a company that will allow me to continue working remotely. I know of 4 other people that have either left in the last two weeks or announced their upcoming departure, and all cited RTO as the reason. Bottom line is, the company simply doesn't care because this exercise is seemingly designed to shed staff. But are the people that are leaving the ones that they really want to lose? Anecdotal evidence suggests that very bright and talented people are the ones quitting, and are likely taking significant experience, company knowledge, and intellectual capital with them.
I know 10 people leaving. It’s crazy. RTO fallout is real. The people have had enough!
I do know 2 people who are giving their notice March 01. Both are talented and experienced. Having said that, they are both in the financial position to leave. Both make good incomes and have been consciously building their savings. They both also have spouses who work.
It will be more difficult for others. I know Wells Fargo’s position is “everyone is replaceable”, but sometimes that is simply not true. Call one of our phone trees (whether it be HR in the US, or customer service in India) and you’ll have a stark example of how little someone who is reading from a script, but has no foundational knowledge, is able to function.
If everyone in the end is happy, that’s what matters. I hope those who are going to leave are happy with their decision. And those who are thrilled about RTO enjoy themselves when back in the office. And those who don’t want to RTO, but have to due to life circumstances: I hope it’s not as bad as you think - but if it is, please be confident and go find a place to work who will consider you an asset rather than a liability.