Seems like this is bubbling up quickly again and we will go from lockdown at home to lockdowns in a smaller number of centralized locations.
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Can't wait for this to start again
On onshore offshore.
The only location strategy is moving American workers to the unemployment office and replacing them with cheap offshore workers.
@1yll+1aVbVLr3 - But the most employable are among those leaving. We have a talent drain in process and will add more staff from India... Was this planned?
@1ccn, you don’t?
Because it seems obvious to me that all the misdirection and dancing around is because while they want people to leave, they want to get their ducks lined up first, so it’s a controlled exit and on their terms. Make an announcement that this is where we’re going, and your most employable people are going to leave first. Management is not prepared to deal with that.
Sure, let's on the one hand try to save money but on the other move everyone to certain metro locations where the rents are higher, the cost of living is higher, and more workforce competition means higher salaries.
This company, I tell ya...
The location strategy on the surface isn’t necessarily a bad thing. But I don’t understand their total reluctance to be up front about it and publicize what the locations are for each LOB/function so people can make informed decisions about how they want to handle their career in WF.
BOOOOORRRRRRRIIIINGGGG!
Ugh...
1) CS and his squad are well aware of the fact that most of us prefer WFH and do not want to relo.
2) We ALL know that this particular use of the relo strategy is really an attrition strategy
3) Yes. It's reasonable for corps to have a location strat... but for the sake of goodness.... please update WFC's to the modern era.
@eov+1aVbVLr3 - Agree with most of your statements, but New York City (where Charlie conveniently has his little penthouse) is one of the chosen locations, and is likely THE MOST EXPENSIVE place for trying to concentrate employees.
Charlie got called on this BS move, and the contract clause that allows him to be based in NYC, when he appeared in front of the House Financial Services Committee on March 10, 2020. He's a slimy ba----d! Check out the questioning starting around 2:10 in the video linked below. This is likely one reason why they won't put any kind of policy related to location strategy in writing.
https://www.c-span.org/video/?470180-1/wells-fargo-consumer-abuses
I know a lot of females that have more cajones than this leadership team.
Transparency is a dirty word for this leadership team, despite what they say.
Real leadership would have the cajones to tell it the way it is.
@npa+1aVbVLr3 - This is accurate and consistent with what I have heard as well. Recruiting has the task of executing on the unwritten location strategy.
If Charlie or the leaders had any strength as leaders of this company, they would get their act together and clearly state what is going on related to location strategy, expectations for employees, and move on with it already. They have all been stringing us along with uncertainty and non-answers. They are a pathetic excuse for a leadership team. I don't agree with the location strategy and know it is short-sighted and will change again with a new CEO, but I do agree that it is an operational decision for the company. As such, they should just make it public and move on. Their indecision and chicken-sh!t approach to clearly answering questions about it is ridiculous! So much for "embracing candor" in this organization... just another crock!
I'm looking forward to my year of vacation when WFC gives me the opportunity to move or take a package. I have enough saved up for the down payment on the business I want to purchase, so Wells will be paying me to become an entrepreneur.
Couldn't have planned it any better.
Nothing wrong with a location strategy. Employing thousands of people in the most expensive markets in the country makes no sense if there's other alternatives. Many many types of business have some sort of location strategy. It's not a WF invention and people may not like it, but there are advantages to some in person interaction at work in certain jobs. Not all jobs, and there's disadvantages also, but some of us are clearly in 'yeah, but I don't wanna' mode on this issue and don't really have legitimate argument. JP Morgan, allegedly the kind of place WF should be emulating, is already headed back to the office and I'm guessing they have some version of a location strategy and you can't just be anywhere ya want.
the location strategy was never stopped, just paused. I literally just spoke to HR recruiters on 3 different positions, 3 different LOB and each had a requirement to be in one of their hub locations once they send people back to the office. Some gave up to 2 years to relocate, but 6 months was shortest; and this was based off when you're actually told to go back in. I asked the recruiters on their take as well, and each confirmed the location strategy is still happening and to extend offers to those outside of the locations they have to be willing to move. It is also being put in the offer letters.
Pffffffft
Fake news