Thread regarding Wells Fargo & Co. layoffs

Location Strategy is Doomed

There is no chance the Location Strategy can proceed. The entire world has finally been forced to realize we are in the 21st Century and don't need to drive in to an office to work. The Reputational Risk to proceed with a ludicrous co-location plan post pandemic is a PR nightmare of biblical proportions. If anything, remote work will be increased post pandemic. It's over. We can all relax.

by
| 2208 views | | 18 replies (last May 6, 2020) | Reply
Post ID: @OP+14xNrTAR

18 replies (most recent on top)

Phase One for US Workers is cancelled and "off the table" for now. Brief moment to relax until Leadership can come up with next crazy idea.

So Leadership forced to accept reality and realize we are facing the worst pandemic since 1918.

by
| | Reply
Post ID: @iyrv+14xNrTAR

Location stategy will remain on course – Leadership has learned that it's better to keep quiet and not say anything. They will continue sending out phases and hope for voluntary quits (i.e., rejection of the relocation offer)."

Location Strategy has and always will be a farce, a pretense, a fake excuse, sneaky way to boost voluntary quit rate so "Leadership" can claim victory and hire cheaper talent. "Location Strategy" is a useful fiction for leadership to cling to, even if the face of pandemic reality. It's sad and hilarious, equal parts tragedy and comedy as Leadership will not allow even a pandemic and cold hard facts to change their calculations.

Morally bankrupt, unethical, sleazy, sneaky and underhanded? Lacking compassion, empathy and common sense? Yes, of course. The fact that Location Strategy has not been clarified, cancelled or re-evaluated after almost two months into the pandemic is strong evidence that Leadership is not relenting; they more likely will double-down.

by
| | Reply
Post ID: @gmzw+14xNrTAR

The new remote work, if possible, strategy is working out very well so far. Business as usual. Corona virus is NOT OVER, and will be around for a very long time to take a company down with it, like the meat processing plants. Suggest status quo for quite a while, anyone who can work remotely should be impelled to do so. Corona virus in the office will take the company down, like the meat processing plants. It's all setup now, remote work if possible. Just make that the new normal.

by
| | Reply
Post ID: @ddms+14xNrTAR

Looks like our peer Banks are doing the exact opposite:

https://www.bbc.com/news/business-52467965

by
| | Reply
Post ID: @cxxy+14xNrTAR

@9joc+14xNrTAR - It was addresses on 4/17 with Saul in his useless UCAMA. The plan is still in place with a 3 month delay for selected team members to decide what to do by July 15 and not April 15.

by
| | Reply
Post ID: @9brl+14xNrTAR

The "Location Strategy" is either dead or was a scam to speed attrition.

They're still learning about the virus, fun stuff like you don't always get a fever, young people are getting blood clots and having strokes from even mild cases, it may not slow down in the warmer months, it's probably going to come back meaner than ever in the fall, and then again meaner than this round next spring.

Saul and the team must be getting this info, that they have not announced a year or two pause in the strategy makes me think it was a scam to speed attrition.

Sleazy management, which isn't surprising given our well documented criminal record.

by
| | Reply
Post ID: @9joc+14xNrTAR

Wow. Another genius who thinks people should more just die "for the good of the economy." I want to say I am amazed people like this still exist but I have heard our so-called leaders spurt diarrhea at the mouth for too long during this pandemic instead of protecting their fellow human beings.

by
| | Reply
Post ID: @9bzd+14xNrTAR

I think state and federal governments are dictators of this. The issue is if nothing ever opens the economy will end and really no recovery option

by
| | Reply
Post ID: @7fmo+14xNrTAR

Silence on the Location Strategy is deafening – leadership must be hoping their "magical thinking" can overcome reality of pandemic.

by
| | Reply
Post ID: @6czk+14xNrTAR

Was telling our vendors that we wanted some of our money back after signing contracts in good faith one of Saul's things?

by
| | Reply
Post ID: @3nqv+14xNrTAR

But the lame, time wasting AMA's are Saul's thing.

The last was worst than the one before, and no one thought that was possible.

by
| | Reply
Post ID: @3wzg+14xNrTAR

the location strategy has been talked about and "strategized" for a long time. This is not Saul's thing

by
| | Reply
Post ID: @2exl+14xNrTAR

the location strategy has been talked about and "strategized" for a long time. This is not Saul's thing

by
| | Reply
Post ID: @2hlm+14xNrTAR

There was a good post that the Location Strategy no doubt came from CEO and the Board; Saul is the "good soldier" who has to carry out the directive. Saul probably has little discretion or leeway to alter a strategy that is doomed, obsolete and no longer relevant. But this being Wells Fargo, nobody seems agile, decisive or smart enough to re-calibrate and quickly respond to the new reality where a pandemic poses and will remain a considerable obstacle.

by
| | Reply
Post ID: @1rht+14xNrTAR

Go to the Media and make noise! Employees need to ban together against location strategies set up to destroy careers and investigate kick back payments from Corporate Real Estate to Senior Execs.

by
| | Reply
Post ID: @1ytk+14xNrTAR

180,000 wells employees are working from home. If you think the Saul strategy is about agile....

by
| | Reply
Post ID: @1wju+14xNrTAR

And neither are in the Company HQ in San Francisco... How convenient for them.

by
| | Reply
Post ID: @fib+14xNrTAR

Were you not on sayid call yesterday, the strategy is the strategy and they will remain on course. Not only does Saul believe that everyone should be in the office, but so does Charlie!

by
| | Reply
Post ID: @koq+14xNrTAR

Post a reply

: