Thread regarding Wells Fargo & Co. layoffs

Would you take a pay cut to WFH?

I’m seriously considering a remote offer from another bank but the total comp is a little over 10k lower

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| 1562 views | | 20 replies (last February 1, 2023) | Reply
Post ID: @OP+1kXSkXkc

20 replies (most recent on top)

If you spent just $25/day on meals and transportation alone that you normally wouldn't incur if you WFH, and you worked from the office just 3X/week, that alone would be just shy of $4K over the course of a year.

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Post ID: @1dba+1kXSkXkc

When I went full time remote year ago, I had already discussed with management at the time that I would be ok with a lower than normal raise/s in order to be full time remote. At the time the stress, expense, and time was better to get rid of. Fast forward to chainsaws new stupid policy, and I've now taken a pay cut by being forced into the office.

Back to being stressed/tense upon arriving at work, and having to get up earlier in order to accommodate that. Less nutritious lunches, less healthy habits, costs when I manage to leave lunch on the counter at home. Stressed/tense upon arriving back home after work. Less productive during the day as a direct result, not to mention the cost in gas, time, wear & tear. Manager wondered why I'm falling behind after being so productive in the past several years.

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Post ID: @1nut+1kXSkXkc

Absolutely!

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Post ID: @1qtx+1kXSkXkc

Yes, you can easily make 10k a year in a side hustle if you need. But the wear and tear on yourself and your car.. worth it. Also you can move somewhere cheaper

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Post ID: @1bwr+1kXSkXkc

I think I used to work with @1lgf

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Post ID: @1bra+1kXSkXkc

No brainer OP, just make sure to tell WF that you left due to RTO on the way out. Do the rest of us in this hellscape of pointless nonsense a solid.

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Post ID: @1lgf+1kXSkXkc

I costed out returning to the office fulltime at 10k after taxes.

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Post ID: @1kof+1kXSkXkc

Take it and run!! Ten grand less not rto work at this dumpster fire,go!!

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Post ID: @1wwp+1kXSkXkc

So if you take the job and then they institute an all RTO, you're screwed.

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Post ID: @1hlc+1kXSkXkc

Counter with your current salary to see if they can at least match. But yeah I'd consider it.

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Post ID: @1cvp+1kXSkXkc

YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!

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Post ID: @ttq+1kXSkXkc

I've done this and I'm glad I did.

My pay cut was about 30%, but I also moved to someplace where the housing is much cheaper than Cali, and it's WFH, so I'm saving on mortgage, car, etc.

If you can do it and it will make you happy go be happy.

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Post ID: @oaf+1kXSkXkc

Actually I'm taking a raise lol, just not here

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Post ID: @etq+1kXSkXkc

That’s a question only YOU can answer. If it was me I would do it and move to a lower cost area in the country. Where cost of living is good compared to where I’m at. Also the thought of saving gas is great but I did notice my electric bill is higher when I work from home… not a trade off but something to think about.

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Post ID: @mvn+1kXSkXkc

I sure would if I were looking, but I like my team now so no.
Whatever you do, give your full two weeks and tell them you are going to a competitor.
Chances are you might get those two weeks off and paid for.

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Post ID: @ekc+1kXSkXkc

What is the name of the bank?

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Post ID: @hfn+1kXSkXkc

yes - factor in time lost, money spent on gas and miles added to your vehicle, and money spent on office food and clothing, and the difference is far less.

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Post ID: @stq+1kXSkXkc

200% worth it considering your new asset called work/life balance. Consider the costs you are cutting everywhere else. Restaurants/fast food/tips/parking/healthcare/vet expenses. You’d be a fool not to go.

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Post ID: @hkc+1kXSkXkc

Yes I would. Comp is obviously important, but you have to take the situation in totality: money, time, stress, etc.

You might not spend 10k a year on gas, but driving eats up time, causes rewardless stress, causes wear and tear, mileage, and puts you at a rewardless risk for car accidents.

(Stress and risk are often unavoidable but also usually come with some chance of reward. Commuting, however, offers zero reward - only stress and expense.)

For me, 10k gross wouldn't be a difficult decision. If it was 100% WFH and everything else about the job was good, I'd do it.

If you decide to leave, just leave on decent terms (no need to go overboard, just leave professionally). You can always come back to a different job here. This place is a mess and is always hiring.

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Post ID: @hgc+1kXSkXkc

I would if there was a guarantee, but nothing is guaranteed. I have worked from home for 20 years, had multiple documented remote approvals, all to be taken away.

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Post ID: @xtk+1kXSkXkc

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