Thread regarding Wells Fargo & Co. layoffs

You are forgetting one major items regarding RTO

They want you back in the office because the bank profits off of corporate America being in the office. Commissions are down due to property vacancy rates. They full expect attrition and a reduction of productivity. The consultants have warned them about the pros and cons. They believe in the long-term that things will equalize. Plus, when you look at the statistics 90% of the people want to be in the office between 1-3 days per week. It is amazing how many baby boomers are reeling to get back in. Then you have those people who cannot stand being around their families, etc. leave it up to your imagination.

What I find crazy is that they had to change the rules for everyone. Before COVID it was working. However, Charlie's track record as shown at BNY is to force RTO. It failed for him there, but he believes that this makes a company more competitive in the long run. Even Google and Facebook, although delayed, will be back at some point.

The gig is up and we need to emotionally adjust to the temporary changes. We will eventually get back to having remote flexibility.

by Anonymous
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Post ID: @OP+1ejf9hkc
Comment! It's anonymous!

10 replies (most recent on top)

How do you know i’m forgetting?

by Anonymous
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Post ID: @qgu+1ejf9hkc

There are a multitude of ways they could have gone about RTO - but forcing a one-size-fits-all (but with a ton of B.S ambiguous exceptions) shows they went about this in a way that evidences their clear lack of concern for employees. I don't think COVID outbreaks will have any impact whatsoever on RTO.
The world has changed since COVID. Forcing RTO in spite of COVID is clear evidence that they do not care for the health or morale of employees. Period.

by Anonymous
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Post ID: @tgf+1ejf9hkc

it's easy for the c suit to push rto because because they are separated from reality. they get to hold up in their nice big offices where they can keep their masks off and don't have to worry about public transit because WF provides them a car service. When CS needs to travel they put on on the corporate jet. If he has to spend 3 days in the cube farm he'd change his mind very quickly.

by Anonymous
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Post ID: @bzm+1ejf9hkc

I don't need to "adjust" to anything. They can have max production or they can have RTO. Their choice. There won't be any adjusting, however.

by Anonymous
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Post ID: @uad+1ejf9hkc

I’d be happy to go back if the people I work with will be there. But in my hub location, I’m the only one on my immediate team, with only 2 others from the extended team.

by Anonymous
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Post ID: @bcu+1ejf9hkc

If someone wants to go in, let them. If someone feels better about working from home, let them. It doesn't have to be one size fits all.

My department has assigned seating and I just saw the chart. I'm around people I've never worked with, not my own team members.

by Anonymous
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Post ID: @ojz+1ejf9hkc

it's more than emotional - it's economic - I don't want to go back to pre covid expenses period. Especially when my productivity is better and I'm less stressed.

by Anonymous
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Post ID: @jpl+1ejf9hkc

For this same reason, there's a policy against team members in the same group taking flights on the same plane. If something happens, it's super risky to the bank.

by Anonymous
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Post ID: @avj+1ejf9hkc

One negative with RTO is that since management wants butts in seats, they risk a COVID outbreak sweeping through employees who are all in the same business groups. Horrible for business continuity.

by Anonymous
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Post ID: @nbe+1ejf9hkc

The sad thing is it will take an outbreak among the employees to change it. In other words, they are sacrificing employees not in the C-suite to fit their ill conceived narrative.

by Anonymous
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Post ID: @uis+1ejf9hkc

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