Thread regarding Wells Fargo & Co. layoffs

Why is everything broken?

We’ve been made to RTO, yet the facilities in this city are in shambles. At my primary location, roughly half of the turnstiles/gates don’t work. They’ve now positioned a security guard to tell us where to enter/exit. In this same building several of the amenities that made working here more manageable are undergoing a year+ long renovation. Showers are inaccessible, break rooms closed, green spaces blocked off.

Across the street the escalators are 50/50 to actually work on any given day, and earlier this week both the escalators and elevators were broken, rerouting people through a parking deck that smelled of ur--e in order to access the bottom floor.

A secondary location that I visit from time to time will have entire sections of floors closed with little to no notice, leaving individuals guessing how to access the floor they work on. I kid you not, I literally walked around lost for 20 minutes one morning, trying to follow a maze of temporary doors and construction walls.

I get that this work is being done to make work locations more appealing, but why not do the work first, then call us back in to the office? As usual, everything we do here is backwards and reactive.

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Post ID: @OP+1qwHxhdx

15 replies (most recent on top)

Are you new here? Did they not teach you our company motto? "Fix it until it's broke".

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Post ID: @2xys+1qwHxhdx

@hwu+1qwHxhdx

Why not? It’s the same basic concept behind making improvements to a home before selling. A lot of office spaces are sitting empty right now because there are more available than are needed post-covid, and most companies that are requiring RTO seem to want to be in the newest, nicest buildings with the best amenities. Any company willing to buy an outdated building is going to want it for a great deal, so they themselves can then make the upgrades and profit. Maybe WFC has determined the net benefit in sales price is more than the cost of renovating themselves. Plus, since a part of any sale will probably include a commitment to leasing that building for several years, it allows WFC to get to still decide what that work space will look like, rather than the next owner.

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Post ID: @1zta+1qwHxhdx

OP be honest, when is the last time more than half of the turnstiles worked consistently? If your answer is “never”, we work in the same building. They must have spent hundreds of thousands of dollars fixing them over the years.

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Post ID: @1mbf+1qwHxhdx

"You are complaining about escalators being out and no showers? So many first world problems".

Yes, although we are starting to look like a third world country, I expect things to be in working order.

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Post ID: @1qbt+1qwHxhdx

Whomever brought Jira into the bank should have their ba--s handed to them and shown the door........

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Post ID: @1thm+1qwHxhdx

@sqa+1qwHxhdx

They will not update a building to just sell it. They also don't show potential buyers how many people are badging in. All a buyer would see are lease terms.

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Post ID: @hwu+1qwHxhdx

If these are buildings WFC owns, it’s possible they’re being renovated to make them easier to sell off. They will also be easier to sell off if they come attached with a new WFC lease, and reporting they can show to potential buyers that x amount of employees have been badging into the building daily for the past couple years. Not forcing employees to work around the renovations would mean they could have one or the selling point, but not both, unless they want to wait even longer to sell. And the way the CRE market is going, the last ones out of that market are going to get buried in the rubble.

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Post ID: @sqa+1qwHxhdx

Some of you are missing the point entirely. I’m not asking for a fancy office with new amenities. All of the things that I listed already exist. They just don’t function properly or are in the middle of a major renovation. My question: why not allow us to WFH while all of this work in being done instead of forcing us into an office that is a half-functional construction zone? I don’t invite all of my extended family to stay over when the upstairs doesn’t have electricity and the kitchen is being remodeled.

Lastly, if you think that having a couple of in-office amenities is pretentious, then (a) you haven’t stepped foot in some of our competitor’s offices and (b) you haven’t visited some of the campuses in India, which are absolutely cutting edge.

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Post ID: @nln+1qwHxhdx

Because they want all of their domestic employees to be a miserable as possible so they leave. SHART is a FAILURE!!! He can’t get out from under the asset cap so his only solution is to cut expensive domestic workers and hire replacements in 3rd world countries for 20 cents on the dollar. This will keep investors happy in the short term. He doesn’t care about the long term impact to the firm. He’s gone in less than 5 years and taking his golden parachute with him. GUARANTEED!!!

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Post ID: @kfk+1qwHxhdx

And easier to stay current at 1, Hudson Yards, then 50. There won't be any hubs but that one.

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Post ID: @use+1qwHxhdx

You are complaining about escalators being out and no showers? So many first world problems.

Also, this is another reason why they want the core market structure. It allows them to maintain and invest in fewer properties. Much easier to stay current at say 50 buildings than 1,000.

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Post ID: @duf+1qwHxhdx

Showers?

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Post ID: @xxt+1qwHxhdx

#wellsfargosh!tshow

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Post ID: @cbc+1qwHxhdx

“ As usual, everything we do here is backwards and reactive.“

This sums up most issues, from the broken toilets and dirty offices, to failed attempts to execute rcsa.

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Post ID: @jsm+1qwHxhdx

When a relationship is fundamentally flawed, everything is annoying.

WF could have the best offices in the industry and yet will still have shallowness and neglect for its own people (and some customers too).

No one would judge if your productivity and engagement dropped because of your bad experiences. This is the cost of doing business the WF way.

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Post ID: @jrp+1qwHxhdx

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