Thread regarding Wells Fargo & Co. layoffs

Which is it?

I hear two different camps on this site. One camp says they hear that the C-suite wants us back in the office 5 days a week by the end of the year (OMG, I hope this camp is wrong). The other says HR can’t backfill positions (can’t imagine why…HA) and the C-suite will have to back off RTO. Who is right and what proof do you have?

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| 2419 views | | 15 replies (last April 14, 2022) | Reply
Post ID: @OP+1gd343GA

15 replies (most recent on top)

IDK but if, and when, I have to RTO there will no longer be any more Wells Fargo work from me performed after I leave the office around 5:30 - 6:00 PM to take the at least an hour, or more driving commute back to my home. OK to keep on working late in the evening when already working remotely from home. Not so after the long commute home, get some food for dinner usually "to go" on the way home from the office. RTO means a trade of the possibility of many extra work hours working remote to be replaced by sitting in the "parking lot" type of traffic while commuting to and from the office. This is just a fact of life.

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Post ID: @2aba+1gd343GA

Everything is being heavily automated. There will still be human workers, and some of those people will get exceptions because the market dictates that they do. You can dictate that employees stand on their head for 8 hours a day if you want, but that doesn't mean anyone will come work for you. That's why there will always be exceptions. Always.

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Post ID: @1lva+1gd343GA

@1raq+1gd343GA
Underwriting is being heavily automated in less than 5 years.

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Post ID: @1ysd+1gd343GA

We're hearing both rumors because it depends entirely on the line of business. My guess is, what the execs are doing right now is dividing the company into two groups: "those we can force back into the office 5 days a week" and those that they can't (because the employee market literally won't allow them to). They know that if they want the company to underwrite they have to hire WFH employees. Same with many tech jobs. They can be hardliners all they want, they won't fill the positions. With many other roles they can demand full time office work and find people. Maybe not good ones, but they can fit butts for seats, if that's all they care about. The truth is, they just want more voluntary attrition, and RTO is the best blunt instrument they've found to get it.

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Post ID: @1raq+1gd343GA

It is so crazy on week two of going into my office to be with myself since everyone is in another state. There are no more than 10 folks including me on the floor. I think everyone said whatever and did not go in, either way it is just me, myself and I. It makes no sense to take a hard stance and have zero flexibility as that will really make many quit including myself, it is a 2.5 hour round trip to be alone. Flexibility is essential. What will happen once the Frankenstein variant is the new narrative?

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Post ID: @1rqs+1gd343GA

I am a manager in HR and I can confirm that the initial hybrid work model will be reversed and a mandatory 5 days in office policy will be in effect starting this summer, by end of Q3 at the latest. RTO adoption rates are poor and both CS and the board are full believers in the benefits of an in-person workforce and plans are in the works for enforce it. So make preparations now.

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Post ID: @1tfa+1gd343GA

@1xro+1gd343GA

Yes, I’ve already told my team that I don’t care where they are and I’m never going to enforce this unless they put my job on the line. So disconnect is accurate, but I’m trying to avoid more attrition, and sending people to sit in an office alone is a waste of everyone’s time.

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Post ID: @1mqv+1gd343GA

The truth is in the middle. CS/SP sees that that most managers don't have the will or the b*lls to enforce RTO. Huge disconnect between execs and middle managers. There will be consequences for not going in the time you're supposed to - that's inevitable.

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Post ID: @1xro+1gd343GA

Don't know, but we're still looking for back fills in our office. They drop faster than they rise.

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Post ID: @xow+1gd343GA

It's both. Charlie wants everyone back full time, but the data is making them slow their roll a bit. There's a lot of concern about attrition. They know they are in a bind now

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Post ID: @heg+1gd343GA

I think it is a good question for Saul’ AMA on 4/20 and Charlie’ 4/28 town hall.

I bet this question will be skipped to benefit an other answer about quantum computing/cloud certification/ other non-sense that no one cares.

My personal bet is on Saul, he might spill some light on it or tell some weird truth.

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Post ID: @hee+1gd343GA

Hearing both rumors as well. One thing is for sure, this place is a disaster with terrible leaders. Especially in COO.

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Post ID: @sjn+1gd343GA

I think there are certain business units where they need people, and have been more lenient with RTO, or haven’t started RTO yet. There are other groups where they still want people in the office. People are leaving in droves, but as those people leave, they aren’t replaced, or more people are hired in India.
I think they will expect most people who have to RTO will adjust to it. They may not like it, but they want a job. A recurring theme seems to be that it’s easy to find a WFH job, but that is actually not the case depending on job field. There is also some additional re-org happening. They may not have made final decisions themselves at this point.

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Post ID: @vkd+1gd343GA

It may be both. RTO is partially to drive attrition, but it’s not thoughtful, planned attrition. Good people leave and others won’t join when work conditions are sh!t.

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Post ID: @avj+1gd343GA

Band camp is clearly the winner.

Or as Busey, Lead Software Engineer states…

Braindeads
Adding
Nothing
Desireable

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Post ID: @bxg+1gd343GA

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