Thread regarding Wells Fargo & Co. layoffs

To the poster who claims, "There is no telecommuting ban coming", what rock did you crawl out from under? There has been talk about the telecommuting ban from some time now. Keep up.

Its funny that many areas have no space to move people back.Also what is the difference if a person is 500 miles away or 5 floors away. They cannot even put all groups together in one location. There are just mo–ns running the business.

Totally agree with prior poster!

It was actually "eight is great, eleven is heaven".... pure GREED, absolute FRAUD.

When shareholders became king, everything tirned upside down.

Corporate America has lost its way. I'm not sure if we'll ever achieve equilibrium again.

I don't understand why my comment about voting got such a negative response.

American corporations are governed by US laws and US tax law. We need to end shareholder supremacy.

Corporations are required by law to put shareholders first. This is not good for America.

The order of importance for a corporation should be this:

Customers #1

Employees #2

Shareholders #3

Businesses need customers, America needs people to have jobs (and pay taxes), and shareholders do no work and are taxed at a lower rate than employees.

Shareholders are not guaranteed a return, not in actual Capitalism, but if the banks get into trouble, the employees, and the rest of America, will be asked to guarantee the shareholders do not lose their money.

See Stumpf's pay raise after the Bush recession. He could no longer count on big options money, so the bank gave him a guaranteed salary of 10 million a year.

No one makes ten million a year, they take ten million a year.

All Stumpf did was lie, cheat, and steal from our customers and make up stupid rhymes like "if eight is great, then how about ten".

That rhyme was about creating an extra 2 fake accounts for every customer.

If you hate the way Wells has behaved, and you hate the way you're being treated now, then vote better.

Do people read articles and newletters about Wells Fargo? Are you kidding me? Who has time! We're all busting our behinds for a company that doesn't give two c-aps about us; we don't have the time to take a piss let alone read newletters!

If you don't like how Wells Fargo is treating people, both employees and customers, consider voting a little differently next time.

I'm looking at you, red states.

When you have a lawyer as your CEO, what do you expect? Someone crafty enough to find all the loopholes to avoid payouts to employees.

So, WF is now trying to avoid severance payouts AND hits from unemployment claims.

Gotta' hand it to this POS company -- they are betraying employees right up until the end.

What a horror show.

Is the ban for ALL offices across the nation?

Has anyone had a meeting today telling them they can no longer work remote?

How much time would we have to make "arrangements" for children and elder parents?

We'll know more after the 17th meeting with Saul, I hope, meantime everyone be careful and learn the unemployment laws for your state. They're not all the same, and Wells has to approve paying UE, which I doubt they will do.

It is a good time for job seekers overall, but where you live and what you do make a difference, some people on this site throw out blanket statements that may not be true for everyone.

There are also a lot of disgruntled folk here, beefing with their manager or some perceived slight by some coworker, try to avoid them, in times like these avoid the negative folks, they'll add to your stress level and are usually wrong.

All the talent has been gone for 6-10 years. If you still have a job it's for political reasons, not because you are good at anything.

No one cares if you leave, in fact they want your loser azz to go.

By banning telecommuting for employees who don't work close to an office it forces them to quit without severance or unemployment. But you can always demand severance if you can't move and when filing for unemployment you state you were forced out because of a hostile environment that targeted you because you were older.

I to have lost all respect, over ten years of being employed at wells Fargo. I received no congrats, or cheers, i get ignored when i ask to attend classes, i get told to mind my own business, get to work, questions ignored, told im not good for wellsfargo. I have high blood pressure, heart problems and many others do too. I wonder why im still there, but im older and am not sure if i would find another job.

Previous poster overlooked a MAJOR difference. Not all companies commit fraud ... and not on the scale Wells has.

Soul crushing.

I could put up with the rest, but not that on top of it.

It's shameful at best and dangerous at worst (branch teams not wearing shirts with logo outside branch due to retaliation) to say you work at Wells.

I have many friends who love their jobs, have great benefits, admire their company...and actually have a CEO and mission worth rallying around!

Not all companies are the same. You are flat out wrong.

I don't work for Wells Fargo, but as I was reading this it reminded me of my company (Engineering). It's the same everywhere. Everyone says, their new job is a lot better then working at the old place. It's only better because they are the new comer and haven't been doing the same job for the past 5, 10, 15, 20+ years. Once they get use to the job, the environment, the people, the managers, the company executives, they will realise it is the same b.s. everywhere. Everyone has complains about their job. Believe me, at my company they make us work on weekends and long hours and don't pay us for the extra time because we are salary employees. But my manger plays the guilt card, telling us, we will be replaced by China team if we don't deliver on-time. They try to scare us, guilt us and don't want to pay us. Majority of us are waiting to quality for full pension and severance. It seems no matter which corner you turn, most jobs are the same. The executives and shareholders want their money while we all sweat. It isn't fair, but looks like this is the new America cause China is beating the heck out of us and our kids aren't going to do any better. We gave the Chinese the technology and knowledge for free and now they are full speed ahead. So better just get use to the new way of working where benefits will be cut, telecommuting will be cut, pension will be cut, long hours with no pay is the new norm. China may be 996 but USA seems to be 997.

I am 45+ and am looking for a new role at a better company. I realize I won't likely be able to work from home as much and might need to take pay cut, but it will be worth it to leave all this behind and have a chance at a better job/life.

This just isn't worth it anymore. I can't defend the company's ongoing actions.

What are people that are 45+ planning on doing after they leave WF?

Teamwork’s articles? All team calls? Are you serious? Those are the LAST place anybody should except to find information that isn’t fluff or flat-out lies.

For those living under a rock re: telecommuting situation, listen to the New Yorker who supposedly rode in on white horse (laughable), Saul. He is overseeing the policy change for the ENTIRE organization, not just IT.

I'm amazed at how little awareness team members have at this company. Does anyone read Teamworks artickes or attend calls?

WF needs employees to quit -- and fast.

WF does not want to pay severance and, frankly, does not want people signing up for unemployment benefits (that negatively affects co., too).

WF wants people to RESIGN. Period.

WF is purposefully make their supposed beloved team members so uncomfortable (with crushing workloads, degraded benefits, plummeting stock value, abysmal morale, cold mgt. and no HR support) that they do just that.

Welcome to the new normal. Goodbye to a company worth staying for.

As someone earlier said, don't be the last one left to turn out the lights.

I'm skeptical that a total telecommuting ban is imminent. There is a workplace strategy being more openly discussed that seems to be hitting EIT pretty hard involving consolidating to hub cities. The people who make these decisions have no idea that a lot of the key people supporting ancient yet critical systems fall into this remote category and will make their exit.

My management team has used a softer approach regarding expecting full time telecommuters to be in office a couple days per month - it sounds like it could increase over time.

There is something in the air though at WF, more punishment is coming for employees because of management decisions. I continuously observe lying and unethical managers wasting millions of dollars on travel, ridiculously expensive consulting engagements, unneeded vendor software, and catered events. They never get their own projects completed because they can't manage their way out of a paper cup or never knew how to do their job in the first place.

Until the BOD gets serious about cleaning house at the top 3 levels, more nonsense should be expected. Prepare yourself accordingly.

You’re all id--ts if you think the competition is any better

If you’re salaried you WILL be working over 40 hours a week.

Those waiting for severance package. LOL!!!! Your options are resign or get fired and collect unemployment.

Those asking why leadership doesn’t see good people leaving and bad staying. Because leadership IS the problem. Their perception is the complete opposite.

Grow up people!!!!

There is nothing about this post that is factual. There is no telecommuting ban coming.

What's the big deal with telecommuting? My team has never been allowed to.

I care more about the crushing workload, now that layoffs and resignations have occurred with no replacements. It's totally unreasonable and managers are all acting like nothing's happened as their teams drown in work.

Our manager is unavailable almost 100% of the time. So busy kissing sses of leadership and sr. partners, doesn't give a crp about the team. Why aren't managers like that fired???!!!

I'm sick of all the bad people staying and good people going. Why can't leadership see through the B.S. of those just drawing a fat paycheck and adding no value??? If company wants to save lots of $$$, fire them instead.

We're all shaking our heads at the obvious "misses" when new org charts are revealed. It's astounding how badly run this company is now.

This was me 5 months ago. But I escaped WF slave camp and am so happy working for the competition. You don’t want to be the person turning out the lights. The time is now to leave. Good luck everyone. Just know life is normal outside of WF and you will be so relieved and happy once you leave the chuck wagon.

Sounds like there are a lot of hourly team members on this site. Salaried team members are expected to work until all projects are complete -- and that work now must be performed in the office.

If you worked over 40 hrs before, you will still be doing so now.

WF already has plans to address salaried team members who don't, just because of WFH elimination.

If it sounds draconian, it will be. Brace yourselves. The caring WF from years ago is long gone (unless you're a charity that can garner the company good P.R.)

This sounds like the greatest solution to me actually having a work/life balance. If this is true then I will only be in the work office for the required 40 hours per week as I do not plan to stay after regular work hours, with no dinner, or drive all the way over to the hub city on the weekend just to work for unpaid overtime hours.

"don't think most posters understand what's happening. Remote access (RSA token -- physical fob or digital code) is being eliminated. You'll still be expected to work same amount of hours (most on my team know work 50-60 per week), it's just that all of them must be in the office."

I don't know anyone on our large team that's abusing telecommuting. Most of us work 60+ hr weeks, are online all the time, and are immediately available via Skype. We're severely understaffed and are k--ling ourselves with the ridiculous hours. And it's only getting worse with more and more responsibilities. No one cares.

I honestly dont know what will happen if we have to add long commutes on top of it (4-5 hours total per day).

Someone is going to have a heart attack or stroke on the job. Wells Fargo is ripe for a lawsuit if that happens.

Office hubs may be out of state for many.

You want to keep your job? You'll have to move.

In my group telecommuting privileges are abused big-time. WFH = I need a day off and I don’t want to use my PTO. I can’t wait to hear the squawking if those privileges are rescinded and people have to actually work 5 days a week.

Wells Fargo "office hubs' do not equal 10 minute commute from employees physical residence.

IF

I don't think most posters understand what's happening. Remote access (RSA token -- physical fob or digital code) is being eliminated. You'll still be expected to work same amount of hours (most on my team know work 50-60 per week), it's just that all of them must be in the office.

That is going to be the very end of my incredible amount of overtime hours worked due to being able to access the computer systems remotely, on evenings and weekends. I am not planning to stay at the office location until 7, 8, 9 or 10 PM to meet some arbitrarily set project target date. But I could do it if allowed to work remotely. Especially when many of the other office employee attendees do not arrive until 9 AM, or 10 AM and then leave for the day at 4 PM or 5 PM.

And the stated reason is risk mitigation. That makes sense. In my group 50% of our MBO goals are around risk mitigation, so this way we’ll be sure to reach them and get our maximum bonuses and raises. YAY.

I don't think most posters understand what's happening. Remote access (RSA token -- physical fob or digital code) is being eliminated. You'll still be expected to work same amount of hours (most on my team know work 50-60 per week), it's just that all of them must be in the office.

Wells wants people (lots of them) to be pushed to quit. The company cannot afford mass layoffs anymore. So you'll either be forced to relocate to hub and/or lose WFH flexibility.

Those who are still waiting for severance packages are waiting in vain. Those days are over.

Execs told us they are very unhappy more people haven't quit already, so they are tightening the screws even more.

As an internal Wells Fargo employee I was told to be allowed to telecommute one, or two days a week. Then I overheard a Wells Fargo Manager telling a temporary contractor at the time that they could telecommute full time as that contractor had a really long drive into the office. I am like "hey I also have a really long drive into the office everyday too". If it is OK for the contractor to telecommute full time then I, as an internal Wells Fargo employee, must also have the same rights as a contract employee. Also, I was given a total overload of project target dates to meet at the same time. Getting totally overwhelmed by having too many projects assigned to one person with no one else to assist me. SO … I just started to telecommute for work on a daily basis in order to have the no commute time to work on the projects instead. The Manager told the contract employee it was OK. What exactly do they expect from the internal employees, when they totally overload them with projects?

If I cannot work remotely, and telecommute anymore, I estimate that will reduce my over 40 hours per week work opportunity by around 5 to 8 extra hours, over 40 hours per week. So rather than being able to work around 45 to 48 hours a week, it will be cut back to the what I think I signed up for, 40 hours per week. Having a long commute is tiring. When you do not get home until around 7:15 PM, after a long day of commuting and being in the office for 8 hours, the very last thing a person really wants to do is then logon to work remotely to put in some extra work hours. The truth be said.

Well the retraction of the "benefit" of being able to work remotely, and telecommute frequently, will thus end my extra unpaid late evening and weekend work hours at Wells Fargo. Back to just 40 hours per week in the office, and the 2 hour commute time, instead of having the extra time instead for overtime work efforts.

Is this telecommuting ban company-wide?

I have to do the same with my team in Monday. WF execs claim (with a straight face) that telecommute ban is for risk mitigation. Can't tell the truth about anything.

I have lost all respect for this organization. It's not the layoffs, reduction in benefits, falling stock price, etc. that are an affront (tough times can happen to any company). It's the blatant lies.

No accountability and company treats intelligent adults like they are ignorant children.

I am also incredulous that some of my colleagues are also spewing the party line even when we're chatting one-on-one. Is it fear? Ignorance? Who knows.

My young child is smarter, more honest, and more genuine than WF leadership.

At this point, I expect nothing from this company other than more deception and delusion.

You are getting what you wish for, Wells. Losing your greatest asset (team members) and leaving a wake on anti-evangelists. You think you had brand reputation issues already? Watch what happens when the previously loyal mouthpieces leave in droves and spread negative word.

Telecommuting bans are done to layoff employees at every company. Absolute terror. Shut the company down.