Thread regarding Wells Fargo & Co. layoffs

Lack of RTO firings?

Is the lack of RTO firings due to the high potential for lawsuits for the firings being inconsistent?

If you're going to fire one employee for no other reason than RTO non-compliance, wouldn't you have to fire every employee that violates RTO in a similar fashion?

Wells obviously can't shed that many people in a short period of time, no matter how overstaffed some formula says we are.

The more times that passes, the less reason I see to continue RTOing.

As far as bonus being affected...meh. Bonuses at Wells are diminishing anyway. Not to mention not worrying about making a bonus combined with not worrying about RTO, and suddenly the once-yearly post-tax bonus amount doesn't sound like a big deal anymore.

Compare that post-tax bonus amount with daily stress and expenditure of pointless RTO + the stress you feel trying to keep up with making your next bonus everyday, all year long.

I really don't think RTO was well thought out, and it's not just because I don't like RTO.

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| 2821 views | | 16 replies (last October 26, 2022) | Reply
Post ID: @OP+1jmRaYSS

16 replies (most recent on top)

When you no longer trust the company or have the ability to see yourself here much longer, no stupid Hr acronym will stop you from checking out. Many already have one foot out.

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Post ID: @2agd+1jmRaYSS

You won’t get a PIP because it’s too much work for your manager have seen that one play out way too much

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Post ID: @1dxh+1jmRaYSS

You won't be fired, you will just recieve lower performance ratings impacting your raise and bonus. You probably won't even get a PIP, because they know that doesnt work.

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Post ID: @1ewq+1jmRaYSS

fasten your seatbelt folks. I just got a preview of what is going on the teamworks performance management page - and yes, it will say that in-office conformance "may be" considered in performance evaluations. I.e. it is permitted, and not uniformly mandated

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Post ID: @1olv+1jmRaYSS

"Disparate treatment 101. Husband is lawyer and said everyone would have to suffer same punishment across the board. Not gonna' happen."

hilarious. I hope your husband is in a different area of the law - he's wrong.

if it was happening on the same team to people with exactly the same job - yes-ish... maybe.

Across a company of 200K+, different jobs, etc. no way.

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Post ID: @1tlz+1jmRaYSS

Disparate treatment 101. Husband is lawyer and said everyone would have to suffer same punishment across the board. Not gonna' happen.

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Post ID: @1frj+1jmRaYSS

There are whole areas of the bank with exceptions. RTO is only mandated for the leaders that signed on.

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Post ID: @1uks+1jmRaYSS

"..I really don't think RTO was well thought out, and it's not just because I don't like RTO...."

Of course it was not well thought out. Actually, it is still a new and fluid situation that companies have never experienced in the past. You just have to make your own call on what you want to do.

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Post ID: @kmx+1jmRaYSS

No possible way they can fire every single person who doesn’t comply with RTO.
When they start picking and choosing who they fire, it opens them up to lawsuits.
I don’t think there will be mass firings for RTO.

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Post ID: @glj+1jmRaYSS

@huy+1jmRaYSS

On the one hand, I agree with you. On the other hand, I think there is something to be said for consistency, or lack thereof. In some areas, RTO pushed too many people out the door, so they started saying if it's an issue that is going to cause you to quit, let us know. In other areas, they are far more strict with the policy, and people are told they need to comply. If they start firing people over it, they have their rationale, but it might be a tricky slope to climb. I think it's far more likely that if they already would like to persuade someone out the door, it would be used as a contributing factor, rather than a standalone factor.

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Post ID: @rgj+1jmRaYSS

The reality would be this: 1- they notified everyone in Feb/March on teamworks of the RTO policy. Whether you believed it is on you. 2- When/IF they decide to enforce it you would be notified by your manager to RTO to be in compliance. 3- if then still non compliant then you are “subject to disciplinary action up to firing”. (See point 1 noted on teamworks) . You would be terminated with cause & lawyers would have nothing to say. No severance. Bye bye. Sad to say but could be that simple. Ps - love wfh but I’m smart enough not jeopardize my job over it. Sorry to the delusional employees that think they have more say than they do.

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Post ID: @huy+1jmRaYSS

CRE?

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Post ID: @jjg+1jmRaYSS

Of course it was poorly thought out, it's a knee-jerk reaction to the coming CRE collapse.

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Post ID: @hbu+1jmRaYSS

So far, two bootlickers don't like the original post.

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Post ID: @ifv+1jmRaYSS

Then we need to find ways to send it right back to the company tenfold. If they devise ways to stick it to us, let’s discuss ways of sticking it right back to them. In the meantime, I’ll WFH and quiet quit.

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Post ID: @eyt+1jmRaYSS

I believe after this next bonus there’s going to be a wave of resignations after what they put us thru unnecessarily this year.

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Post ID: @igh+1jmRaYSS

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