Thread regarding Wells Fargo & Co. layoffs

Would that be the self-same senior management that encouraged, no, DEMANDED, corner-cutting, cheating, lying, and blatant fraud simply in order to make their own numbers look good? THAT senior management?

"Senior management has us on track to do great things, just trust the system and we will get there." SERIOUSLY??? You're funny!

Look where it got us so far. Fraud, upon fraud, upon stupid, unethical fraud.

How to ruin a brand in 3 easy steps.

No large company like Wells makes public their strategy to hire remote workers.... doing so would be foolish (in most cases). Imagine Microsoft saying "we are hiring 400 remote workers in the next 60 days." The Internet at large would overload their HR systems capacity.

WF is probably scaling back on hiring in general given the current climate, as we all know. Current job postings reflect critical areas like IT Security where there are always needs. As for demanding on premise vs remote, hiring remote workers with excellent skills, particularly in low cost of living areas as someone else suggested, just makes sense. There's no business logic in saying ALL remote workers must re-locate to a hub. As Freddy Mercury says.. "The show must go on.."

If you are a remote WF worker, I know personally (as a team member) how hard you work, and although some say you should count your blessings, I say we are all going to be part of the new WF that helps digs the bank out of the past and into the future. Senior management has us on track to do great things, just trust the system and we will get there.

If you regularly work from home, you are a flex user and do not have a resident (permanent) workststion. There is an equation -- last we were told by Corporate Properties Group, it was avg. 3 days per week in office to maintain resident status. Tracked badge swipes determine whether you are flex vs. resident.

Not sure why they'd start to cut back on working from home -- need to more fully utilize office space? growing distrust of those utilizing the privilege? I hope it's not the latter. A few bad apples should not spoil the hardworking WFH bunch. And many would quit, because that's WF's only real remaining perk. Everything else is NOT competitive (e.g., health benefits, raises, on-site perks).

Viva remote work flexibility!!!

Most of my team in IT works from home. No co-lo in any office. It's a way for Wells to hire from all over the country for work that does not require being in an office.

My understanding is that Wells may, and I say may, be thinking about pulling in some of the work from home folks, or at least limiting work from home new hires.

Working from home is the number one reason my peers give for wanting to stay at Wells.

The employees that I know who are allowed to work from home, and then sometimes late at nights and on the weekends and holidays also have an office cube in their home base location. For when they need to be in the office complex for meetings, software pushes, etc. It is not a policy to reduce real estate costs.

Being able to work from home and not endure a long commute is a benefit that does tend to keep a Wells Fargo employee from applying elsewhere for a new job, though that job may be at a higher salary.

I don't think that Wells Fargo actually "encourages" employees to work from home. It is more that the company acknowledges that the employees are often so overloaded with work that they have to work at night after work, and on weekends and some holidays. On top of that many employees have to endure a very long commute to be in the office, sometimes taking between an hour or two hours each way to and from work for a total of between two to four hours out of the day just commuting to and from work. The traffic in the USA just gets worse all the time and those hours spent sitting in traffic can instead be used to do work for Wells Fargo, after the required 8 hour shift has already been worked.

Yes you can already see this in the job postings. They San Francisco and New Yorm

They will encourage work from home to cuts real estate costs or can hire people in cheaper states.