I work in a non-core location that has over 500 Wells Fargo employees. The teams I work with are located all over the United States in core and non-core locations. Over my 10+ years, I received outstanding reviews, bonuses, and promotions.
With this latest announcement I feel completely powerless over my future with Wells Fargo.
I imagine most of you feel the same way. It doesn't matter what the rules are when you are hired, it doesn't matter how good a job you do, it doesn't matter if the location is relevant to your work.
Executive management will take whatever action they want that they think will improve the share price.
And that is what they're being paid to do.
How can we as individual contributors try to restore some semblance of the balance of power?
A union seems like the only way.
When workers were distributed, leadership could always close down any location that started to form a union.
However, now that they have locked themselves into a relatively small number of locations, they can't really close one down!
I know there are efforts out there to form a union at Wells Fargo, and I think it's time we seriously look at getting behind them.