Thread regarding Wells Fargo & Co. layoffs

550 California St

https://www.bizjournals.com/sanfrancisco/news/2023/06/05/buyer-under-contract-for-steeply-discoutned.html

So they we bought the building back in 2005 for 108 Million. Great location right across from the BofA building, next to Omni, around the corner from HQ at 420. Now 18 years later at the bottom we're trying to sell it for like 43 million. Is this bad timing, like buy high, have it go way higher, and then sell at the very bottom? Why exactly are they even having any offices if no one truly wants to be in them. Its been like 3 years now and they're still playing games like we're in grade school, please go to office 3 days a week... Even though the majority of our co workers typically are not in the same location, they are spread out thin across 10 odd cities. Its not logical to go into a office if co workers aren't there to meet. Is the intelligence of the management here so low that they don't grasp that? Please tell your teams to be in the office 3X a week, don't question anything, don't think.

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Post ID: @OP+1mZCGK9y

7 replies (most recent on top)

Guys it's very hard to live off of 43M.

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Post ID: @fgl+1mZCGK9y

Who cares FRTO

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Post ID: @qeg+1mZCGK9y

@lor+1mZCGK9y

All we have to do is treat RTO the same way. I don't work in the office, work happens at home.

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Post ID: @vec+1mZCGK9y

That is Charlie's stock buyback strategy also, buy @$60, it is now $40. Lol

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Post ID: @dws+1mZCGK9y

So what's the purpose of the post? You complain about selling real estate at a loss but then say we shouldn't have office space?

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Post ID: @srz+1mZCGK9y

Post ID: @lor+1mZCGK9y

The cheater tends to thinks everyone else cheats.

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Post ID: @efs+1mZCGK9y

Blame the ones who treated WFH like a three year paid vacation.

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Post ID: @lor+1mZCGK9y

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