Thread regarding Wells Fargo & Co. layoffs

Tech Location Strategy Q & A session II

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Post ID: @OP+1rKjveNf

57 replies (most recent on top)

@2kup+1rKjveNf

And that is the only strategy. Everything else is just a part of it. It's is an absolute lie that people are being downsized due to location. Like I said before, if every single employee voluntarily started working in a core location tomorrow, it would not change the number of people downsized in any way. Therefore location is complete irrelevant and the executives are lying through their teeth. There's also no "efficiency strategy", that too is just downsizing. You can't fire people in FL, SD, etc. and hire in NY and SF and claim you're doing so because it's more efficient. It's a lie. Literally the most expensive markets in the country. It's not efficiency, and it's not even necessarily about reducing domestic headcount, it's more about getting rid of anyone that started before Shart. He wants nothing but newbies and foreigners, who have no idea what he took from us because they never experienced it. He's a POS and a liar, and this company will not recover until he leaves. It might not even then.

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Post ID: @2ynr+1rKjveNf

@1fbf+1rKjveNf LOL You GTFO with your drivel. The goal has been publicized pre-COVID as right sizing. There was never any subversion. Maybe YOU didn’t pay attention but many of us hear it directly as well as read between any needed lines.

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Post ID: @2kup+1rKjveNf

The “women in technology” or whatever bs DE&I teamworks article has 2 of the 6 listed as remote for their location.

Leadership hypocrites.

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Post ID: @2zlo+1rKjveNf

The remote lepers will soon be banished per the 3 harpies on Wednesday, they could not give AF less.

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Post ID: @1xaj+1rKjveNf

@1hkh Never seen one of my India counterparts put in OT. They're out the door faster than a US President on January 20. But when I need to hand off something after 9 straight hours they claim they're too busy to take it. The latest excuse was "I'm working on 'out of scope' work."

But according to management, it's the US employees who are too lazy and entitled.

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Post ID: @1dzc+1rKjveNf

What is India going to do when there is no one left to “throw it over the wall” to when their shift is over and they have to run to their waiting cabs… this will definitely hurt THEIR work/life balance they b* tch about all the time when OT is required.

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Post ID: @1hkh+1rKjveNf

What they provided was clearly a pack of lies. If they told the truth, for once in their wretched lives, more people would appreciated it.

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Post ID: @1kup+1rKjveNf

people complained they were being forthcoming enough with info, so they start providing info and the same people keep complaining. dammed if you do dammed if you don't. the reason you don't have an exact date is because they have to be very surgical with it all as to limit disruption. if you aren't happy then leave, but you won't because then what would you complain about.

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Post ID: @1dtr+1rKjveNf

@1hxx+1rKjveNf

lol, GTFO with that BS. There IS no location strategy. There is only a strategy to eliminate the domestic workforce. As such, the justifications being provided are complete lies. If literally everyone in the company started swiping badges 5 days a week in core locations, the exact same # of people would still be laid off. It clearly has absolutely nothing to do with locations, core or otherwise. That word is pure PR spin BS for the benefit of employees, shareholders, politicians and the public. The truth that they will not share is that Shart has an irrational hatred of 'legacy employees' and he wants to save a few $, so every US employee is in his cross hairs. The only question is how long the purge will last and how many will be left when Shart finally gets his golden parachute. He will outsource, automate, AI, and contract every single one of us if he has enough time to do it and he couldn't care less about the long term ramifications for the company, let alone the impact on customers or employees. He gets his millions and sails off into the sunset either way, so F all of us.

FHY.

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Post ID: @1fbf+1rKjveNf

@1hxx+1rKjveNf

  • is right unfortunately.

Company can change it up whenever they want. That's what happens during regime changes.
It would have been better to have been laid off when they started this thing. Better hiring.
So yeah, it ain't going away. It will eventually, but for now, it is here so I prefer to S**T until I get laid off.

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Post ID: @1ruh+1rKjveNf

@1hxx+1rKjveNf Glad to see we have one of the mo--ns from the loc strat q&a meeting in here. Welcome pi-s bag.

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Post ID: @1hmd+1rKjveNf

whether made remote at the request of WF or hired as remote, the terms of your employment changed. Company has every legal right to do it. Can and does happen at other companies as well. For those asked to be remote for whatever reason, be thankful they didn't lay you off back then. If you aren't happy with having to now go into an office (assuming that will be an option for you) then find something else or just stick around and keep complaining. Time to $ hit or get off the pot.

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Post ID: @1hxx+1rKjveNf

Nice to see the mods got rid of the first posts once they felt the thread was large enough.

Some things never change.

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Post ID: @1pft+1rKjveNf

@evq+1rKjveNf there is no “questionably close” as far as HR is concerned. Go into workday to see where you are assigned out of, if not any sort of Hub or Specialty then you are a solid standard Remote. ALL remotes are being reevaluated regardless of why the status is what it is. From there your manager will provide your options if even given any vs just being laid off.

And to others, I know of several in Tech who are no where near a hub or specialty site, full remote and have been granted an exception. BUT it has been made clear that the exception is only valid for the May/Q2 Location Strategy enforcement. They are still subject to the later rounds of location strategy enforcements as well as regular right sizing efforts.

That’s what many folks don’t understand. This has ALWAYS been a multi-year plan to realign us to locations. They are mitigating impact by not laying us off all at once. You don’t have to be overly special to get an exception to remain remote. But understand that that exception will expire eventually and you will be impacted unless this whole strategy goes away.

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Post ID: @1noh+1rKjveNf

Does anyone know if location strategy applies to contractors?

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Post ID: @1kmw+1rKjveNf

The B*tches Back to office Brigade BS

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Post ID: @1xtj+1rKjveNf

What’s next in q4? The Location Ladies Lap dance ? The deck presented nothing concrete, just talk to your manager BS.

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Post ID: @1epz+1rKjveNf

Many of us were asked to work from home and are now punished for it. Some were even hired into position as remote workers. When asking the leaders about that, we were told that's "no guarantee." So why hire remote?

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Post ID: @1obv+1rKjveNf

The level of contempt targeting remote team members could not be more obvious. Some of us were forced to remote when our offices were suddenly shuddered.

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Post ID: @1zvm+1rKjveNf

What kind of artwork did they want from you? What type of coercive persuasion do they use to get the current employees to quit (instead of having you quietly quit and get severance)?
Along the same lines... Is there any schedule for when the severance, efficiency, and/or off-shoring plan ends? Citi has a restructuring plan with a beginning and an end well communicated by the CEO. I guess WF management doesn't care about its employees anymore. Sad, sad, Thank the lord I am out of there every day.

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Post ID: @1jxw+1rKjveNf

"Why so much jabber about Tech?!?"

You must be new here. Welcome to the clown show that is Technology "— where they hire, they fire, they offshore, they re-org every 3 months, and harass us to make artwork and smile as they displace us.

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Post ID: @cvz+1rKjveNf

Why so much jabber about Tech?!?

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Post ID: @lpq+1rKjveNf

if you are just over 40 miles they will treat those case by case. some will be granted the option to commute to their office but most will be severed

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Post ID: @pzc+1rKjveNf

Yes, I am staying until they lay me off.

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Post ID: @xpv+1rKjveNf

If your severance is low, accept the option to live in the new location.

Do not take the severance. they are reading this board. Be careful.

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Post ID: @snr+1rKjveNf

Drink the Kool Aid and fly into the flame 🔥

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Post ID: @wpv+1rKjveNf

@xnq+1rKjveNf

I think that was the worst part of the discussion and gave off the "we don't care" vibe.

What was said: If there are impacts to teams, due to people being severed/resigning, talk to manager to re-prioritize your workload.

Reality: Many teams are already overworked because it has been almost impossible to backfill (especially in the US), and those teams will continue to lose resources. Most managers are not willing to escalate this concern to their manager, so many current employees not only have to worry about adding a lengthy new commute into the office, but will also be expected to work more overtime, have less time with their families, and not get paid anything additional (actually they will be making less considering the price of commuting/parking since they won't be subsidizing it).

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Post ID: @hvx+1rKjveNf

I haven't yet been able to get clear answer from anyone if you live questionably close like 39-42 miles from a specialty market, are they going to re-evaluate your remote status, and possibly that could change? Like I was at an office but they closed that one. I guess I'll find out how badly I'm getting fu---d over in Q???

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Post ID: @evq+1rKjveNf

The disconnect from "K" on the impacts of some teams losing almost half their teams...if there are impacts to team where there is less capacity, talk to manager to re-prioritize.

Does the hag not know managers have been displaced, too. We're already overworked. We're overburdened by clueless international employees giving us non-answers and run-around solutions. Meanwhile, every other request from TLT is a firedrill, pivot or daft request...and don't forget to make some EPIC artwork!

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Post ID: @xnq+1rKjveNf

The "rationale" for working in office asking us to "think broader", connect more organically and build connections. With whom? TLT doesn't even want to connect with the broader organization. They just cascade down terrible decisions while sipping lattes and fondling their personal one-touch Cisco Teams meeting monitors in their offices.

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Post ID: @ofn+1rKjveNf

"We do not plan to fill all roles in India." Yeah, just 99%.

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Post ID: @sbg+1rKjveNf

@hul+1rKjveNf

Of course. If this were about layoffs, they could have just implemented a location strategy through regular layoffs.

But announcing it drives fear. They can’t tell you anything because they are waiting to see what happens.

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Post ID: @afh+1rKjveNf

Notice the main host didn't smile until she was telling everyone goodbye.

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Post ID: @rzz+1rKjveNf

This isn't about laying people off. It's about stressing out people so much that they quit on their own and then they don't have to pay severance.

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Post ID: @hul+1rKjveNf

Odd that this could be paused since it's "live".

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Post ID: @jqa+1rKjveNf

Tip the band-aid off already.

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Post ID: @fkj+1rKjveNf

So who are the special people that are going to keep their remote status? Can’t wait to see some teams give some analysts remote exceptions and make others who have been working from home 20 plus years commute 2 hours each way.

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Post ID: @gtt+1rKjveNf

Wow, actual information was revealed.

Remote in a core market will be RTO'd in Q3.

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Post ID: @brb+1rKjveNf

I find it crazy contractors aren’t in scope for location strategy….or international…..or execs….

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Post ID: @xnv+1rKjveNf

Oh I see….they just want to pi-s people off with these calls…unless you are international or an exec those guys are good. H3ll lets even give contractors some love.

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Post ID: @rgy+1rKjveNf

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