Neither location has been selected as a hub for Corporate Risk. With RTO coming up in September/October, are they going to ask employees to relocate to a hub by October?
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It seems like the relocation communication should be coming out soon. If they plan on giving employees six months to either move to a hub or take severance, that would place us right in the beginning of 2022 where folks are then either in a hub or gone. Or are they targeting mid-2022, in which case, communication won’t come out until early next year?
Corp Risk here.... if you worked at a CA facility or WFH in CA prior to COVID you will likely keep that arrangement for now. Corp Risk is behind on its layoffs compared to other LOBs. Expect to see real movement in that space in 2022. However, I would recommend to anyone in CA who works for Corp Risk to get out now. Either get a job that has CA as a hub or leave WF. Mandy N will follow Chainsaws lead and get everyone to a hub one way or the other.
Dear Charlie,
Sorry you have to wait for me to wake up every morning. I am sure you’re tired of all this West Coast BS and are eager to replace me with real employees who can function on a real time zone (ET, CT, IST). Will you be sending that package soon? I, too, am eager to get on with some real, fun, West Coasty business.
Love,
SF
West side
I wouldn't be surprised if WF had no significant non-retail presence in SF 3 years from now. This company is now 'JP Morgan Wachovia' and anyone tainted with the stench of having worked for that "other bank" is officially an undesirable. NY and Charlotte are the HQs of this place now.
RTO is not the hub strategy. If you are required to move to a hub location, you will be given notice and a period of time to make the move (I think 6 months), or choose severance.
RTO is just about getting people back into the office period. Though any hub location strategy could be announced prior to the return in October.
it's a hub just not for risk. I would say at this point there are too many people in risk based out of SF/Concord, so while it might not be immediate, it will happen slowly over the next 1.5+ years if I had to guess. For everyone that leaves in SF, assuming they backfill, they won't be hired back in CA as been happening the last year+.
All Corporate Risk people not in hubs, Boston, CAlifornia, etc are going to be given the choice to move to a hub, or take a severance. This will go down in early 2022 now the new HR lady was hired. She was the master mind behind the JP Morgan location strategy. There are NO exceptions folks! This is real.
You are part of an East coast organization now; remember collaboration is the new catch-phrase. Look for 90% + of Risk to be in the ET & CT time zones. It has been a rub with the legacy Wachovia folks ever since they they adsorbed WF. WF may have bought Wachovia but Wachovia integrated WF.
Meetings going forward will be ET time zone centric and there will be no more patience waiting for the west coast to wake up and join in mid morning. Mandy didn't move to Charlotte for no reason and don't be surprised (if she survives) doesn't evidently move to NYC so she can properly bend the knee.
In short, plan on being laid off.
Great question….and this applies to several locations across the US where corporate risk employees are. I have yet to hear a single word out of management in our area about this!