I've heard rumors going back a few years that employees will eventually be required to work in the same location as their manager. Is this still the plan?
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With laptops, that should have been the end to ever being in office ever again, in theory. 2026 soon to be 2027 and we still are trudging into locations to work. We learned absolutely nothing.
@b0 Corp Risk will now that SP is the new CRO.
Co-location is simply moving all tech to India. Accept it.
@ez You're asking that question about an executive team that thought the best way to rehab a tainted bank was to abandon it's core money-making product and introduce a new credit card to a boomer audience.
Do these bozos not realize it's 2026 and technology easily allows collaboration around the world!?!? Cramming a bunch of people in a building is something from about 1991.
The reality of the situation is that it's a complete unnecessary excuse. WF is going to close so many buildings that we won't be able to avoid being colocated. This tells me that it really is nothing more than a flimsy lawyer-approved excuse.
@bv lol WF terming employees en masse now, by groups of 1000 FTEs or more
@ce
DM is a large financial services area.
Colocation is used as a decision layer when executing other actions- location strategy moves, replacing managers, etc. Global Operations is putting a big emphasis on this as they consolidate sites.
Why is DSM a hub is beyond me. I get that labor is cheap there but does it attract top talent? Is it a financial services hub? Any other major banks have a footprint there?
Yes. You and your boss need to be co-located it makes co-displacements quicker when they do not have to talk to you individually and can just herd everyone into a conference room and displace teams as a group.
Saint Where? Yeah its gone
No, I think there is a plan for all employees to alternately work out of 2 different locations within 150 miles of each other. This is supposed to bolster collaboration, creativity, inclusivity, best practices, core competencies, leverage synergies, boil the ocean, think outside of the box, throw under the bus, touch bases, move the goalposts, keep it on the radar, win-win, drill down, and at the end of the day reinvent the wheel to keep it all on your plate.
@ag when was it announced that STL is not a main hub anymore?
Once you recognize that the ONLY objective is to motivate people to quit, every single one of HYs moves suddenly makes perfect sense.
I've only heard of one group do this in COO. I don't expect many others to follow.
@ar EXACTLY - they promoted the most crass, uneducated, unpolished director for reasons that nobody really knows, in a NON HUB lmao. She must be one of the favorites I guess…… since she never faces the same consequences or negative actions that the rest of us deal with daily. I need to get out of here please
@ag TPRM is so toxic.
Mostly it is just to get people to leave.
This is absolutely a strategy and will be enforced more and more going forward.
This is crazy considering that my boss is located in Saint Louis, and was promoted AFTER the announcement that STL is not hub going forward (hey cool trick, TPRM!)
They’ll probably make me move to STL so they can cut me there instead.
Nothing that this POS bank does makes any sense . F you CS!
Very LOB dependant situation, and obviously people who manage groups spanning a geographic region won't be impacted. Sometimes colo is physically impossible.
LOB dependent
Some require
Others do not care
That’s the only thing that makes any sense around the RTO conversation.