The real deal on location

Let's say the truth:
1) Most companies wont be back to normal operations in Sept.
2) The corporate communication was vague on purpose. Vague, but SEPTEMBER!
3) Risk management is so REAL at Wells, you know whatever happens in September it wont look like it did before.
4) Not a single exec will own "I dont know" and many will refuse to answer why anyone should relocate in an as-yet-still-unresolved pandemic, yet they are still asking people to do just that.
5) Not a single Exec is relocating to an office near you but will be Zooming for another year or more.
6) The science is vaguer than Wells' vague communication.
7) Nobody is getting hired anew in CA because everyone is leaving the state and Wells refuses to acknowledge this reality.
8) It will take Wells 3 years to figure out why CA is no longer a viable location when 99% of managers without direct line to a C level chump have already figured this out.
9) The Executives who are late to the CA is dead party will blame everyone but themselves.
10) 3 more cities should be added to our key markets immediately, but nobody is talking about this.

I mean, I've got an 11 through 20, but why provide all their answers to them? WAKE UP C-SUITE! WAKE UP!

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If you haven't noticed they slowly getting out of CA. Buildings will start to be sold etc. The execs will all work out of Hudson Yards and they will lead by example. They've already knocked down the walls to create the open atmosphere so it'll be tough for us peons to say it won't work. BCP was thrown out the window during this time because they found out everyone can work remotely. If there is a BCP event people just work from home. Stop looking for the negative, it'll just drain you. Start thinking positive and worry about the things you can control

Wow. So much for geographic diversity. No one sees the benefit of diverse geography for BCP reasons?

Wall Street will give you no quarter if the cost of living for your avg employee is higher than the industry avg.

I'm guessing it was vague because there is not, and will not, be a standard approach across all lines of be biz. Some will be on site, some hybrid, some WFH, and some have been on site this entire time. So in an all-employee email it's vague because listing every group in the company and how they will operate post-September is complicated. If you actually did release the full info, thousands of employees would be jealous and complain about it, so it's really a no-win situation.

We know that many many companies will be back in the office in 2021. Amazon just announced that the covid-at-home workers are coming back, earlier than WF I believe. There will be lots, and there are thousands of businesses that are begging to go back to work before they are completely bankrupted.

Lastly, CA is a horrible place to locate most types of employees, but with the size of the CA economy and the number of people there, there will be business / $ to be made there for some time. It's not Detroit yet, even if they are trying really hard to get there.

Thread regarding Wells Fargo & Co. layoffs

The real deal on location

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