Seems like a lazy even chickenshit way to go about clearing dead wood. Or, maybe somebody really believes / deluded themself that I’ll be more productive going to a Core cube just to have calls with people a thousand+ miles away??
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Oh noes, you're leaving? You'll be missed. So much. 2 weeks from now your peers will be saying "hey, you remember they guy? What was his name?...ummm, whatever, yeah, he was an id--t."
Thanks for showing up to point out the obvious. I wasn't sure about tech or Hudson Yards until you got here to tell me about this place.
Laughing all the way to another job since I have a skill set. Good luck with 90's tech, and dead from the neck up executive management, while your job goes to I&P. But I work so hard, sorry keyboard tough guy, hit the street
Ok plebe. Ya got here 5 minutes ago and you're already flapping your gibs. No one cares what you think.
Deadwood is well known. These are legacy Wells Fargo people who know the game. Talk process improvement and then say anything that could be considered in the realm of unprofessional, joking or not, whether it was last week or 3 years ago, then you end up with an investigation. The filers think they are smart and that anything done to them will be retaliation. In the end, they are just first on the list. Not in a core market or WFH even better. Ba-bye.
@1omb+1qEnxz88 WF managers hire people that don't rock their management/talent boat (read: not skilled), so that's a bit hard to get in the big city. Unless you're in Charlotte. Talent goes to other banks.
Yes
So basically all the narcissistic people living in the "Big cities" like Charlotte (Big City, lol, riiight) get the jobs, not the talent far & wide, got it. Hmmm, what does that say about the company culture?
Why have a potential candidate pool with 250M people when you can have a pool with 25M? 😑
Of course, Hudson Yards doesn't care because they are getting rid of the domestic work force and the only candidate pools they care about are in I&P.
@vhg+1qEnxz88 The deadwood is rot within the company. It protects itself. It throws the good ones under the bus to the point they leave. Dead wood flourishes here. If you're looking for a place to come work, don't come here- tons of deadwood. It'll kick you out the door.
true, it may be preventing movement, which will drive some attition, but be thankful those of us in specialty market is still have employment, at least until we or WF decide otherwise. I don't see this as different from any other company, they tell you where you can work or you chose something different. While the opportunities aren't many thete are still opportunities for those in non core markets. you just have to look for job postings where they say other locations within footprint may be considered.
The location strategy is preventing non-hub and remote employees from applying for internal job postings. The bank should be removing barriers that prevent the right person from getting into the right role. Instead, they're building barriers and creating inefficiency.
I'd be impressed if WF leadership and the BOD had a clear vision for the future: "This is what we want to get to." Unfortunately, I don't think that's the case here. It feels more like a bunch of random decisions to give the appearance that they're doing something.
Centralize->decentralize->centralize.
Office->WFH->RTO.
Waterfall->Agile->...?
It’s Shart being a bully. Simple as that, he’s tried before and didn’t get away with it.
For those saying that location strategy was already in the works for a while.... So what?
OP never implied that it was new. The fact that the 'strategy' has been around for a while doesn't somehow make it make more sense.
The company is cutting itself off at the knees with talent pool, not to mention wasting inordinate sums of money on pointless facilities, and the money employees pointlessly waste on commuting.
'Location strategy' is indefensible, and does nothing more than contribute to employees' ever-worsening morale, productivity, etc.
location strategy was in the works prior to COVID. COVID just slowed it down. It nothing new and should the strategy is likely different now from the original plans, it's nothing new.
They're not displacing "dead wood". They are displacing people who do not fit into their "vision" of our future. To he-l with the business. They don't care they're ki-ling our ability to service the customer and meet regulatory requirements.
In IT they are leaving just one person in a group to support an insane amount of work. Everything is going to suffer. The crazy isn't limited to a few groups.
Good luck if you stay.
It's classic WF to waste time on anachronistic ideas. Location is irrelevant. Buildings waste billions. They are right that we need to get rid of 90% of our buildings. What they are wrong about is burning down those buildings with our employees still inside. I'm all for innovation and cutting dead wood. Unfortunately that's not what's happening here, it's just slash and burn and getting rid of domestic workers as if contractors and people in I&P will do just as well. Breaking news, none of those groups gives a damn about our customers or the future of this company. Good luck on the long term with that.
In your core cube, you’ll have fewer calls a 1000 miles away.
They are unable to identify the dead wood, or unwilling to take the time to, so yes it is a half assed way of reducing headcount based on an arbitrary measure (notwithstanding the locations that are actually closing) that can be scaled across the company.
The reduction in force and real estate consolidation has been happening since 2018. If you have been blindsided by it then that is your fault for not paying attention.
It is a way to get rid of people