Thread regarding Wells Fargo & Co. layoffs

What we did and didn't learn from this

What we learned in this meeting:

Telecommuters that work in Saul's world in sites that have less than 10 Team Members will be required to come to the hub location closest to their current remote location.

Telecommuters that work in locations with more than 10 Team Members, will be allowed to stay telecommute for the "foreseeable future" or be required to come in to the office if the space accommodates the required "collaboration" tools.

No new Telecommute positions will be approved without a special exception. No more new hire Telecommuters.

Team Members effected will be offered a variety of options and be given 3 months to choose which options they prefer (package, relocation assistance, salary continuation, etc.)

Q1 2020 is when individuals will be notified by their managers with Team Members making their decisions in Q3 2020.

Layoffs are NOT the plan, but an expected natural attrition is likely.

What we did NOT learn in this meeting:

What is a site? Some branches have more than 10 Team Members.

Is a Telecommuters home considered a site?

If offered a position transfer to another LOB or area of expertise, will relocation ALSO be offered for those Team Members.

Will Wells Fargo prioritize hiring effected Team Members for open positions in locations or continue to hire in new people?

Does tenure play a factor in to the decision?

These are just some of my observations that I feel were not addressed in the meeting. I did however learn than Saul prefers the Rolling Stones which is vital to the decision making process for all Team Members.

Really good summary from @10Kp0do7-tqu, it needed to be on top so more folks can see it.

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| 1295 views | | 3 replies (last August 28, 2019) | Reply
Post ID: @OP+10LetrMB

3 replies (most recent on top)

When they are referring to site, it is any location where there are technology workers. Could be a city, could be a metropolitan area. If there are 15 technology workers in that location and they all work from home, then that is a location/site with more than 10 workers, so you can keep telecommuting. Non-technology workers don't apply in their consideration of 10 or less workers.

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Post ID: @qaq+10LetrMB

We learn nothing ...they can’t even tell us what site has less than 10 people and they are not closing branches because of technology

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Post ID: @tks+10LetrMB

Amen, good summary

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Post ID: @ohk+10LetrMB

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