Thread regarding Wells Fargo & Co. layoffs

Has COVID permanently stopped the "relocation strategy" for WFH employees?

Last year with the onset of COVID, WF pulled the "relocate or else" effort off the table, with a rather vague "no near term plans to redo this effort",

However I've heard from a few folks at high level this is being discussed again.

Could you imagine being told already once, "move your family across the US or leave the company", then "just joking", then again, "ok we were being serious we need you to move" all in the course of a year or two? 0.o

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| 3995 views | | 30 replies (last March 1, 2021) | Reply
Post ID: @OP+19AyLMt0

30 replies (most recent on top)

the hubs will save on real estate expenses...because they'll be closing / selling a TON of buildings across that country in non-hubs.

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Post ID: @4mpk+19AyLMt0

This is a great opportunity to drop the silly hub plan and save millions on Real Estate. They took our phones for f-ks sake and cut expenses in most places. With so many team members in India how does this even make sense?

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Post ID: @3dop+19AyLMt0

Short answer, no. Our senior leaders are too blind to see what other companies are moving towards.

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Post ID: @2wgu+19AyLMt0

Post ID: @2wql+19AyLMt0

That's interesting. I wouldn't have thought that. I was think more along the lines of Miami having a population of ~443K versus LA having a population of just under 4 million but by state, per square mile, Florida is way more dense.

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Post ID: @2fdh+19AyLMt0

@1pbn+19AyLMt0

Breaking news, people die all the time. It's not a new thing that came along in 2020. Yes, it s—s, but the selective outrage makes no sense. If you're under 50, driving to work is MUCH more dangerous than COVID, and that's with COVID numbers that are likely inflated. Are there exceptions? Sure, but mass hysteria has its own devastating health affects. Psychologists are already talking about the negative impact on millions of children. The economic damage has been massive, and apparently had zero net benefit. In the grand scheme we may find that the cure is worse than the disease.

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Post ID: @2kug+19AyLMt0

@1sek+19AyLMt0

Uhhh, Florida has a higher population density than Cali. Google / wiki it. CAs total population is higher, sure, but it's a much larger state also. In any case, FL is significantly more dense in population.

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Post ID: @2wql+19AyLMt0

@ocj+19AyLMt0

Doctor Fauci, an administrator, not a scientist, made his mark during the AIDS epidemic as a complete ineffective bureaucrat. He changes his mind and contradicts his own guidance daily.

Any limited scientific skill set which Fauci may have possessed is 40 years out of date.

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Post ID: @2izh+19AyLMt0

@lka+19AyLMt0 COVID variations just aren’t important in any respects. Viruses naturally mutate in an attempt to survive as they are burning out. They become far weaker in the process. It’s only been that way, oh... since before recorded time, so you may have missed it.

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Post ID: @2rrp+19AyLMt0

Post ID: @1htp+19AyLMt0

Population density. I live in FL and unless you go to Miami or Tampa, you're probably okay. Go to LA, San Fran or San Diego and you're in a whole different environment. It's not really an apples to apples comparison as you imply.

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Post ID: @1sek+19AyLMt0

Get it through your heads and quit get your so called facts from right wing media. It’s about PUBLIC HEALTH and SAVING LIVES. I know you don’t care we lost 500k Americans until it hits close to home, but our front line people fighting this actually care about you anyway. I am quite frankly disgusted you would risk the lives of those people, including my spouse because you are selfish.

The fact the previous government mishandled the pandemic in every way and put us in this situation should be obvious to all.

You don’t see COVID hit as hard in most other countries now. Most got it under control I a few months. It hardly hit in South Korea and Japan. I wonder why.

Wear a mask, pull up your big boy pants and deal with it. Sorry your government chose not to help you.

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Post ID: @1zee+19AyLMt0

it's very inconsistent and depends on your group.
in corp risk, they are still only hiring in the 7 core locations unless the job was posted with an exception for other markets. Was recently told remote is not even an option, outside of current covid circumstances, even for current risk employees under this agreement. Even with exceptions it's supposedly a must move within 2 years strategy. so writing is on the wall in my book.

FL tech has showed more flexibility as of late, but sounds like that's due to industry peers vs a change of heart.

this is all clear that our senior leaders haven't been listening to what's going on in the market, many companies are now giving the choice to their employees on their location and how often they are in the office, if they choose to, once covid related restrictions are lifted. guess we're still the stodgy stagecoach and stuck in the 1800's.

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Post ID: @1xzp+19AyLMt0

the execs can work in the offices, exp in NY as city dirty and worst strain of covid start there

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Post ID: @1stw+19AyLMt0

enp+19AyLMt0, you're still out there for hours. You're still doing the normal things you've been doing before Covid. What difference does it make? Some of you are now just making excuses because you got lazy and don't want to be in the office. You're slacking off at home.
See how long this gets you, lazy asses. The longer there's a shutdown, it will cost the economy jobs and not just here at Wells Fargo, you dumb–ses.

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Post ID: @1mmt+19AyLMt0

J & J getting FDA approval soon, be sure to buy the stock now!

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Post ID: @1otw+19AyLMt0

NY strain of covid is deadliest! They will need to move any sites in NY to a safer area, like Mississippi.

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Post ID: @1bvc+19AyLMt0

@enp+19AyLMt0

Go ahead and explain why FL, with no lock downs or mask requirements etc., has lower per capita COVID infections then CA with never ending lock downs. It's painfully obvious at this point that the things we've been told "keep us safe" do nothing of the sort. It's "safety theater" designed to make the masses feel like they're doing something helpful when it clearly has no effect.

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Post ID: @1htp+19AyLMt0

One death or severe illness due to a plan to pack people together given the lethality of COVID, the bank will suffer a media lashing and lawsuits never seen before.

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Post ID: @1dqm+19AyLMt0

Dr Fauci said now you need to get 3 shots versus 2 to protect against mutated versions. By time we get all those, will be 2022 at least

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Post ID: @ocj+19AyLMt0

@enp+19AyLMt0 rofl, yah the other post confused me a bit too... I wasn't talking about politics and COVID... Was talking about displacing families.

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Post ID: @pll+19AyLMt0

Yeah people don't spend 40 plus hours a week at the grocery store dumb–ses

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Post ID: @enp+19AyLMt0

@jjz+19AyLMt0 I guess I'm in a different boat. I've been working from home over 10 years for Wells Fargo, and have raised a family in my currently location. Kids in college down the road, parents in homes near, kid half way into highschool, etc. COVID didn't' come into the picture for me. It is uprooting my family that is the concern.

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Post ID: @mbg+19AyLMt0

xcl+19AyLMt0, you hit nail on the head. People are "scared " to go back to the office, yet, they're outside grocery shopping, visiting families and doing normal things they used to do but yet, no one wants to return to the office.
Staying home on lockdown will only further weaken the economy and then you won't have a job, period.

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Post ID: @jjz+19AyLMt0

They don't care. It is all designed to give them power and you confusion. When has this place ever made a thoughtful decision on people?! Never!

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Post ID: @bpg+19AyLMt0

At some point we'll collectively learn that shut downs/staying at home don't increase safety (FL vs CA seems to show this pretty well, with FL having slightly less cases per capita in spite of hardly any COVID-restrictions and Cali locking it down at the drop of a hat). The sad reality is that COVID is like many previous diseases that have affected humanity. It's going to be something we have to learn to live with. It will keep mutating and we'll keep coming up with vaccines, but it's not going away. In any event, hiding at home doesn't make us any more safe, so at some point we might as well work as normal, whether that be WFH or in the office like we used to. Some people don't want to go to the office, but then again a lot of those people have no problem going to virus-central (Walmart, hospitals, grocery stores etc.), so there's a pretty clear lack of consistency in their 'concern' about infection. There will be people that are high risk and they'll have to do things differently, but if you're 25 and healthy, the idea that you can run around to stores/restaurants whatever, but you can't possible go to an office to work doesn't make a whole lot of sense. Going out is either an unacceptable risk or it isn't. If it is, WFH will be the way to go. If not, there's really no barrier to going to an office if your role would benefit from it.

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Post ID: @xcl+19AyLMt0

The model was just extended to May. Even if management is looking at using relocation strategy to force cuts it's not going to be implemented any time soon. They can't control if some new variant spreads like wildfire.

WIll they do it, of course they will when they can.

Look at the glacial pace of layoffs, we're probably 2 years away from the full ultimatum on relocation.

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Post ID: @lmx+19AyLMt0

@bsl+19AyLMt0 That is a shame, for those who were already put through this once, started planning moves with their family (in some cases traveling to look for housing), then having it called off... To then be hit with it again, talk about being made to feel like a line of null code.

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Post ID: @erj+19AyLMt0

it is still being talked about and is suppose to be last stage of layoffs etc..

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Post ID: @bsl+19AyLMt0

Half of my team left or moved to other groups due to this move to a new hub strategy. They couldn't find qualified replacements in those areas, so they are now hiring people in California again. All so some dude could get a promotion and move to another area of the bank. SMH.

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Post ID: @nsq+19AyLMt0

I don't know, but just as a side note, this kind of thing is not new. I know of WF employees that faced that kind of decision decades ago. Maybe it's more widespread now, but it's not a new idea at WFC.

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Post ID: @wru+19AyLMt0

It's definitely picked up, just the execution has been delayed

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Post ID: @mjm+19AyLMt0

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