Thread regarding Wells Fargo & Co. layoffs

@2cle+1fRsbHOL
I haven’t seen many executives in the office at all. Anything above 5th level seems to be extremely rare, 4 out of 5 days a week. If they do show up it’s for one day, or maybe a couple of hours for a couple of days. But I know many 5th levels [and their admins] that are desperately searching for new jobs because they don’t want to be forced to enforce RTO.

@1zkv+1fRsbHOL - so true.
WF has agreements in the hub cities that so many resources will be in the offices and WF received tax breaks from the cities to be located there. The cities benefited because of sales tax from a guaranteed number of people using services in the area - services like parking, restaurants, shopping, etc. Additionally, the subsidized mass transit the cities provided would have a percentage of the company using of their cr---y mass transit solutions because WF and other companies would offer discount passes.
Badge reports will return if there is not enough people in the office. I guarantee it.
It has nothing to do with your "role", even Executive level managers are required to be in the office as they were in the past.
The final rationalization for requiring the office utilization is office space comes with an expense to the company that can offset WF business revenue thereby reducing WF taxes and returning greater value to there shareholders.
That shareholder may be YOU if you have a 401K, stock purchase, or invest on your own.

@1zkv+1fRsbHOL

That’s not true at all there was a 3 day requirement for everyone. Maybe that’s how your manager/LOB was, but that wasn’t the rule for everyone. Many of us had remote agreements or were flex seating and came in maybe once a week.

@1zkv+1fRsbHOL
I hear this often from field techs or tech support but other areas think they are monuments to the workforce as well. They think that working office makes them indispensable when in reality our digital tools and BYO will make them nearly useless. If your job requires you to work in an office, you’re obsolete!

If you can’t fix an issue without leaving your desk - that is an issue on a short list for replacement or retooling. BYO will replace the need to support physical devices. In many buildings CPG does the screens and docks already. BYO will be the end of re-imaging. Outside of tech, any job requiring specialized equipment is more likely to be offshored or vendored out to someone else. You use a scanner or niche equipment for your job? Short list for automation or offshore. You handle mail but don’t work for the mailroom? Short list. You work in a branch? Very short list before layoffs. You are an admin? Admin pools are coming soon and admins will overlap much like tech support does now - which caused layoffs when it was first initiated. Moving servers to the cloud? You’re most likely on a short list too - at least some are. FA? Short list due to Robo-advisor and the push of digital services. Customer service? Short list as AI is already learning how to replace you and do your job more efficiently. Working in an office does not guarantee your job security in the slightest.

"Working for someone does NOT allow YOU to write the rules."

It sure worked out great for the bank when they wanted us all remote during COVID. The rules seem to only benefit them. We do not have to agree to or like any of them. But I agree -- if we can't accept what these as-----s are doing, we need to move on.

@1zkv+1fRsbHOL
It’s silly that you think working in an office is a solution to anything. It’s not a solution to productivity. It’s not a solution to avoiding layoffs or offshoring - if you’re in the office you’re most likely in a job that will lay you off easier than remote jobs. It’s also silly that you think everyone was monitored on how often they worked in office. Maybe your overmanaged department - but not most and not all. As long as our work got done, no one cared.

Before Covid the majority of us were required to be in the office a minimum of 3 days per week. Badge reports were generated on a monthly basis. If you were not in the office for your minimum 3 days AND you did not have an out of office approved request it was considered an unexcused absence. There are rules with corrective actions associated to these absences.
Can we please stop pretending that we did not have these costs and rules pre-covid?
It is simply not factual that you were paid for your commute time, your parking, or your tolls. WF has discount programs for mass transit through work day. They always were available.
Face reality, you work for a company - you agreed to work for them. Working for someone does NOT allow YOU to write the rules.
I do agree that productivity will decrease, however, this CEO will then increase the number of resources offshore to replace you. FACT.
If you want to write the rules, start your own business.

Ballpark on my numbers is $30k. Wow. I too was a telecommuter with lower salary because of the "cost savings benefit of working remote".

Gas isn't as expensive where I'm at, but parking is 4x more.

There's value in the amount of time spent just sitting in traffic, 1.5 hours inbound and 2.5 hours back home during rush hour for me. That's 4 hours a day right there totally wasted.

"Nobody got paid to commute before the pandemic..."

Things change. Another example: we all had to wear a suit in the 80s, should we go back to that also since it was normal before? Or should we give back the $$ saved on dry cleaning ?

BS post

https://www.inc.com/justin-bariso/emotional-intelligence-gravity-ceo-dan-price-10-word-remote-work-policy.html

Just ran my numbers and they are at least $30,000. If you add in all the bills for counseling due to emotional distress over a bu-----t, nonsense requirement, it's probably closer to $50,000. Fu-k this!

Lost time/productivity due to 1hr drive to and from work: 500$ week
Parking: 100$ week
Gas: 70$ week

30 grand.

@1joq+1fRsbHO Jesus! You again? Time to come home from Fantasy Island.

Wow, man. You are full of yourself. No wonder your manager DGAF. Keep tilting at those windmills, Don Quixote.

@1hpp+1fRsbHOL
I did talk to a lawyer. 3 actually, but since I (like most WF team members below the OC level) don’t have an employment contract, and am an “at will” employee there’s nothing they can do for me.
We all need to wake up and realize that without employment contracts or union representation we are essentially powerless peons in a corrupt and broken system. Corporate elites can abuse us, and treat us unethically with impunity and there are no consequences.

OP chose option 5

5. Use multiple forums including this one to draw attention to outrageous business practices in order to contribute to a movement that is reshaping a broken system.

Now is the time that we can all help be a catalyst for change.
There is a new culture war happening and I’m in the fight on the side of the good guys, not the corrupt corporate pigs. I’d gladly give up some of my own privilege if it means taking away some of the power of the entrenched wealthy elite fascists currently in control.
I’ve accepted that I’ll probably get fired and I’m okay with that. Some of us have the courage and means to stand against injustice to be and we choose to do so even if it comes at a substantial personal cost.
Others make snide remarks, troll and bully in defense of the indefensible. They’ve come along under many names throughout history, buts it’s just the same cowardice wrapped in a different package.

Has anyone eaten out lately? It's shocking how much the price of a sandwich has went up in the city, its like 50% higher. Inflation is more like 20% and these 1% raises just don't cut it. I'm not going in the office any longer, i can't afford it. If they want to lay me off great, unemployment now is super low, i'll just find another job at another bank and get that 20% pay increase i need to live.

“How does driving three days a week equal a full tank?”
Simple arithmetic @$$ho-e
Commute is 38 miles each way, gas costs $6.22/gallon car gets 19.5 miles per gallon. 3823/19.5*$6.22=$72.72
This doesn’t even figure in wear and maintenance.

“Nobody got paid to commute before the pandemic and was completely normal.”
Since I was fully remote I did in fact get paid for any commute time that was required and got reimbursed for mileage as well. But even if I didn’t, the genie is out of the bottle now. Once people realized it wasn’t necessary to commute to do their job effectively - arbitrarily demanding that they return to it for no legitimate reason other than. to satisfy their own colossal egos makes the demand egregious. They are taking time away from our lives unnecessarily and that time has value.

Basically OP has 4 options:

1. Renegotiate
2. Find another job
3. Take legal action
4. Cry about it on an anonymous message board #firstworldlroblems

Of course, OP chose option 4.

I certainly knew there were 100% remote employees pre-pandemic, but didn’t know some were doing it as a trade-off for lower pay until I saw it on this board. If these sorts of agreements can be cancelled at any time, why wouldn’t that include the pay discount too? Do you genuinely have no recourse? Why not consult a lawyer?

But TP expense can be reduced to zero if you eat your fiber and are on a regular schedule between work hours. Did you calculate that as a savings when you RTO?

I drive a Ram 3500 Laramie

and all the people who were in the office 5 days per week pre COVID and have had reduced expenses the last 2 years, did they give that back to the company, did they save it? if you were remote before COVID then i have some sympathy, but not so much for everyone else. and this was going to happen regardless of COVID, COVID just delayed it.

I guess you can now find another job and stop whining.

How does driving three days a week equal a full tank? Most cars get 350 or so miles per tank. So you need to drive 60 miles one way?

Nobody got paid to commute before the pandemic and was completely normal. Now you consider it paid time?

Sorry, I'm all out of lube. The best option is to move on. And with gas prices increasing RTO is more a punishment than having any value for anyone. Three days a week is an insult to someone who has to relocate to go into the office because they were beyond 40 miles and were denied working in a closer location. The company doesn't care.

My 2 day RTO costs:
1 hour unpaid commute each way = 4*$58=$220
bus trip = 4*$3.25=$13

$233 each week

So basically you could accept a remote position that pays $40,000 less than your current job and still come out ahead financially. SMH
I didn’t calculate mine in as much detail as you but just a rough estimate doing the math in my head and it’s definitely more than $12,000 per year. That’s insane! I wasn’t really that concerned about RTO until I thought of it this way, now I’m starting to feel the rage! I can’t believe they think this is okay!

"and had accepted a 20% salary reduction as part of my remote working agreement"

Deal with it. they don't care.