Thread regarding Wells Fargo & Co. layoffs

RTO Apocalypse

The next few months are going to be interesting. Compliance is getting worse, not better, and Chucky is almost certainly going to throw a tantrum over this irrelevant metric. My guess is, in 2023 job abandonment policy will be edited so it can be leveraged against the heroic noncompliant.

by
| 3207 views | | 19 replies (last ) | Reply
Post ID: @OP+1jWCfDU6

19 replies (most recent on top)

Do people who work with you observe the policy?

Are they coming to the office as expected?

by
| | Reply
Post ID: @2fif+1jWCfDU6

Leadership in Tech is already touting RTO as a success. They seem to think it's a done deal, and that it went well.

How much more out-of-touch could they possibly be.....?

by
| | Reply
Post ID: @2vxa+1jWCfDU6

@rne. I am in the same boat as you and have noticed the same.

by
| | Reply
Post ID: @1kns+1jWCfDU6

@waj+1jWCfDU6

If someone isn't doing their job because they are working for someone else instead, CA / term them. If someone IS doing their job and doing it at a high level from home, what the he-l is the problem, exactly?

by
| | Reply
Post ID: @1yja+1jWCfDU6

@ixb+1jWCfDU6

There’s is probably a lot of truth to this, Charlie jot seeing the real results. His spineless cronies have a vested interest in presenting their policies as a success, they have likely astroturfed the reality

by
| | Reply
Post ID: @1lbw+1jWCfDU6

I can almost see the future corporate communication email from Charlie about complying to a new "hardcore" work environment.

by
| | Reply
Post ID: @jet+1jWCfDU6

@hpp+1jWCfDU6

I think Charlie saw different survey results. He mentioned how they saw improvements in some areas, and didn't seem to have seen anything negative. It seems like managers however have seen the actual results, which contained negative comments as you mentioned.

There is now talk in multiple areas of either going back to the 5 days, or enforcing the 3 more. Managers were allowed to use RTO compliance for performance ratings, and some chose not to.

If attrition is exceeding thresholds in some groups, and RTO is the primary reason, are they really prepared for what might happen if they start enforcing it more? They've seen the RTO numbers, so ultimately what do they think will actually happen? Also, if they start enforcing it arbitrarily, that opens them to some potentially bad press if it isn't consistent. It's one thing if one person out of 100 isn't going in, but what happens when it's 60 out of 100 not going in?

by
| | Reply
Post ID: @ixb+1jWCfDU6

CIB Dir. here … 5 days a week is on the table, some are pushing for it while others have resisted. I can’t figure it out, as the employee survey results are terrible with 10+ percent of CIB seriously considering leaving the firm. RTO is one of the reasons, although there are a slew of them.

by
| | Reply
Post ID: @hpp+1jWCfDU6

I'm on an exeception to work from home 100% of the time having been that way for over a decade pre-COVID.

But the people I have talked to who were in office pre-COVID started going back 3 days a week, noticed others weren't coming in, paired it back to 1 day a week and now do not come in at all.

They have all said they aren't going to bother to go back in unless they are told to by their managers, and so far they have not heard a peep from management.

If the C-suite is upset about this, then they aren't doing well communicating it down the management chain. From the ground level in many areas it appears that RTO has been abandoned.

by
| | Reply
Post ID: @rne+1jWCfDU6

Maybe RTO is driven by number of people here claiming to just be getting a check by not working or double dipping when WFH

by
| | Reply
Post ID: @waj+1jWCfDU6

@pts+1jWCfDU6 this holds up, BNY is still recovering from Charlie’s reign of te---r and have moved back to hybrid after a mandated 5 day in office policy. Chainsaw has NOT learned from his mistakes

by
| | Reply
Post ID: @btm+1jWCfDU6

@ yiu+1jWCfDU6 oh I agree completely. This is what we were told in a meeting yesterday that they are discussing this as an option. I don’t agree it’s a smart move or makes any sense at all.

by
| | Reply
Post ID: @vrq+1jWCfDU6

I tend to agree with them opting for 5 days. It’s best to not assume logical decision making from this current group of leaders. They know they will be gone long before the real fallout of their actions is realized.

by
| | Reply
Post ID: @pts+1jWCfDU6

I agree with the OP

by
| | Reply
Post ID: @pwm+1jWCfDU6

@vkd+1jWCfDU6

That's a bold move, especially if a large % of the company continues to refuse after such an ultimatum. What then? Shut down the company over it? Once you release that genie from the bottle there's no going back.

by
| | Reply
Post ID: @yiu+1jWCfDU6

They will do away with RTO and everyone will be expected in 5 days a week if overall compliance isn’t up.

by
| | Reply
Post ID: @vkd+1jWCfDU6

@nyh+1jWCfDU6 There is zero chance of this happening, change management is not within their skill set.

by
| | Reply
Post ID: @dsv+1jWCfDU6

I wonder if the C suite will develop the courage to just say the real reasons why they're pushing for RTO, instead of the demonstrably false reasons we've been given (better together, collaboration, etc.)

by
| | Reply
Post ID: @nyh+1jWCfDU6

Well put, the beatings will continue until morale improves. The customers and financial advisors are already affected by the exodus of process supporting employees. Leadership has shown they do not care.

by
| | Reply
Post ID: @urn+1jWCfDU6

Post a reply

: