Thread regarding Wells Fargo & Co. layoffs

People weren't all working in an office 5 days a week before Covid. I was working 50% remote while in Internal Audit for years before Covid. Maybe shut your mouth when you don't know WTF you're talking about.

People were working in an office 5 days a week before COVID. Well COVID is over and it’s back to work. Stop whining about RTO and decide between working or collecting unemployment.

Yawn this has been happening this whole year, they don’t care! But I know folks that kiss a&$ so much they are still hanging on. Just waiting for the 5 days a week mandate. If you have been with WF over 15 years mourn and grieve the old way now because no one cares!

@1dxo Only 3 of the world's countries don't use the standard SI units for measure, but you don't see anyone in the US rushing to join them, do you?

@1dxo+1vnR7KH7

It's a severe lack of vision to not even fathom that the 1% might be on to something. For 90% of WFs admin roles, buildings and going to them provides negative value and at hideous cost. Whether the rest of the world does it or not isn't especially relevant. It's stupid. I can get better talent than you, for less money, more loyalty / job satisfaction, more security, less HR issues, and higher up time / reliability. What does your massive spend on buildings get us? Yeah, less.

This horse is just a pile of dust but you dolts continue to beat it. Bless your heart @OP. "successful with WFH", lol. More pannies in a twist around here from being required to function how 99% of the world works. Talk about entitlement, privilege and misplaced anger.

Return to office is the excuse they use. This is about reducing head count, nothing else.

It’s a shadow layoff.

Except data shows wfh is NOT more productive than pre pandemic.

So, you’re new here

So is WF making us go back to the office 5 days a week in 2025, or what?

As we have discussed previously, there are a few exceptions, but you can't say a company is "just in it for the tax breaks" when said company is abandoning hundreds of buildings. Dumping them at a steep loss, breaking leases left and right, and hardly building anything new. If they just wanted the prop tax breaks, they'd keep buildings, not ditch them in huge numbers. Think property tax breaks are gonna keep WF people in OR? ID? FL? CO? No, they are shutting it all down outside of literally a handful of exceptions (Dallas and...well, maybe Columbus).

Same deal with the idea that Wells pushed RTO to boost CRE. Again, they are laying people off by the thousands and shutting down buildings left and right. WF is actively hurting the commercial real estate market and has been for several years now.

Thanks, Captain Obvious