Thread regarding Wells Fargo & Co. layoffs

I know people working up to 2 extra contracts on the side.

Moonlighting is not an excuse when you have to disclose outside employment….

@1knm+1k7VDHvd

Because in management’s mind, if employee A stops moonlighting they can get them to work 60 hours and produce 2X for the same pay. Then they can afford to layoff employee B entirely.

What will really happen though is employee A will eventually bail for somewhere that will continue to let them wfh and produce X at 30 hours per week, or will pay them more for working 60 hours per week and producing 2X. So they end up losing employees A and B, and having to higher externally to replace them. Hiring externally comes with a premium, so they’ll end up paying the external hires more than they were paying A and B, only for them to produce less for the first 6 months or so while they acquire the institutional knowledge necessary to be as productive as A and B were combined.

Because the c-Suite execs haven’t fully divested their personal portfolios from commercial real estate yet.

All that matters is the work product. If it's good and on time who cares if the employee is moonlighting? If Employee A takes 30 hours to produce X (and then does a side gig), and Employee B takes 60 hours to produce X, why would you want to get rid of A in favor of B? They are the superior employee.

One of the problems with WFH is moonlighting

Stop using the word "leader" when you are talking about management (they're no good at this either), all the "leaders" have long since left and all you have left are grifters.

Because wokeness in the workplace is a veneer. They run pipelines thorough Indian burial grounds and then trotted some native branch manager out to hide behind for heaven’s sake

don't nobody want to be in these stank a55 offices

Smart post!

We have some excellent hard-working managers and leaders. But I would estimate at least half of them have their jobs because of all the Pomp and Circumstance surrounding their glad-handing, visibility in meetings, presence on committees, graduation from top schools, corner offices and the pretense around maintaining control and oversight over their minions.

These are the leaders who oppose WFH. They know they will be exposed as relatively useless and excessively overpaid if the Pomp and Circumstance goes away.

Because Wells Fargo wants us eating ze fu----g bugs too bro

I started during the pandemic and thought I loved my job. Turns out I love my WFH job. When I go in to the office I realize it would be unbearable in office 40 hours a week.

Because the ones who take advantage ruin it for everyone. My group tried putting a toe in the WFH water long before the pandemic. The abuses mounted so quickly the experiment was quickly abandoned.

TLDR: you dont understand about econromics

Control.

Because WFH doesn't motivate people to leave.