https://dealbreaker.com/2019/08/wells-fargo-location-strategy
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This article contains pretty much everything we know down in the rank and file.
We were hired as telecommuters, paid as telecommuters, and now it looks like we'll be paid as telecommuters but we'll be commuting.
And for most of us, there is no benefit to being in an office, hence there are people scattered across the US.
I believe Saul wants to have developers working together in a collaborative environment, that's fine, but other's are going to be helping clog America's freeways for nothing.
Or maybe to generate some attrition.
Who in the hell would want to uproot their family for this company with the never ending layoffs. Stay put and if you have to relocate, make sure it’s with a better company/bank.
Any idea on when this "telecommuter shuffle" would begin and how it would be handled? We do need to plan ahead with childcare and eldercare as well as possible relocation.
As the article states they're not asking people to relocate to San Francisco because the salaries are too high. Lol.
There’s our August town meeting sad you learn more in this article than from Wells fargo
THORNTON MCENERY10 HOURS AGO
An insider tells us that The Stagecoach is asking non-customer facing telecommuters to uproot their lives or find a new job.
Wells Fargo is cutting costs, that is not a secret. Nor is it confidential that some of the bank's attempts at slimming down spending have verged on self-parody.
But one place that every bank targets in these scenarios is headcount, and one Well Fargo insider tells us that the new regime atop Wells' tech division is looking to make some people quit before they're eliminated. According to our tipster, Wells Fargo is calling a "Location Strategy" and it goes like this:
This May we learned that non-customer facing telecommuters would be consolidated into centralized 'hubs' (Charlotte, St. Louis, Minneapolis, Phoenix area, Des Moines). Evidently, they think putting people in offices will fix poor management and bad employees.
Which is going over as well as you'd assume:
The only redeeming benefit to stay at Wells Fargo is being yanked out from under us. Us hardworking, high performing and experienced risk minded employees, who don't live in these hub major cities, our reward for sticking with this company through all its scandals is termination due to zip code.
Another Wells Fargo insider tells us that "I've heard about this and people in tech are p-ss-d at [Saul] van Beurden...But if you step back and look at it, it has to happen one way or another. And he's just doing what he has to."
But that's not really going over for those affected:
More info to come from the head of tech at end of August but he had said that states with little to no Wells Fargo presence would be impacted either by layoffs or relocation. Of course NO written or valued details provided...You see, Wells Fargo now says they want to be 'transparent'. Who is willing to give up their family and spousal jobs, uproot their kids for a flailing bank with no CEO?
And with morale like this, who wouldn't want to be CEO of Wells Fargo these days?