Thread regarding Wells Fargo & Co. layoffs

@1qbf+1qtboSTF

I suspect your husband has a different law specialty than labor law

ANY job expectation can be used for a performance based termination - it does not need to be that everyone has the same expectation,

The only thing that would matter in labor law is if two people are doing the same thing (i.e. told to come in and they don't) and one is in a protected class and is displaced, then that inconsistency would be subject to lawsuit.

It is not the fact that the RTO mandate is inconsistency applied. that doesn't matter at all in the eyes of the law.

If you don't like working at WF then get another job!!! You guys act like WF owes you something! They pay you to work and you work to get paid. End of story... Sad group on this forum.

Post ID: @1nji+1qtboSTF

Same. We have 2 SS employees in CA who have no medical accommodation and live 1- 5 miles from several offices (not branches) and have not been told to work in an office. Both have said that if they are told they HAVE to so as not to be displaced, they will. And guess what - they could “collaborate with each other” but apmehow aren’t required to.

IDC if these 2 do or don’t RTO, but I do care that it’s blatantly inconsistent at WF.

Well, they just "firmed up" they future of WF employees in Oregon.

@1ozi+1qtboSTF

It's all excuses. Once those waves are done they'll start canning people in hubs and shutting them all down. They only pretend that "it's just THOSE people getting downsized!" so that survivors will keep working until the axe comes.

Read comment below to lawyer hubby and he said WF is ripe for lawsuits based on inconsistent application of RTO mandate, especially if lack of RTO compliance is used to determine layoffs. Based on everything I've shared, he said winnable case and employment litigator s/b engaged if laid off while disparity exists.

I'm aware that based upon the location strategy, there will be layoffs occurring in 'waves' (as they're called) from April 2024 - Oct 2025. Some will be displaced/no backfill, some will be displaced/backfill in core location (no, you don't get to move with your job; you are canned and then it gets re-posted in the core market), and some will be deemed critical job functions where they can stay where they are. If you are remote and near a core market, I don't necessarily believe they are that focused on these folks with respect to location strategy. Technically, you're still in the core market even if you're working remote. It's the remote folks that are nowhere near a core market that should be planning on being impacted --- it's just a matter of when. Could be 3 months from now, could be a year from now. There are lists and there are already determinations made.

"Two colleagues ..... Not critical or sr. roles......they've been w/WF a long time (20+ yrs)"
And this is why this place will forever be lame.

Two colleagues of mine are within 15 mins. of our office (quasi-hub), and got special permussion from SVB to WFH permanently. Nit critical or sr. roles. Not medical accommodations. Just bc they wanted to and asked. And they brag about it to the rest of us. They told SVB they've been w/WF a long time (20+ yrs) and earned it.

It's ridiculous. Be consistent or relax the "policy".

@1sec+1qtboSTF

Agreed. Little Scotty Powell is Satan incarnate. Such a POS loser lapdog. When Shart leaves, he better take his little troll with him. F that guy.

"The plan, as I have been told, will focus on remote people who are in market/near hubs."
This... There are a lot of people that are "remote" who live 10-15 minutes away from a hub office. They'll be asked to come in the office soon.

SVB isn’t the bad guy here. When the OC tore up telecommuter agreements a couple years ago, Saul was handing out exceptions to whoever would request one. Then he got on a Town Hall and pretty much announced no RTO for those who already had worked from home. Scott Powell stuck his nose into it and messed that up.

SVB doesn’t care if you work from home. It is the other id--ts on the OC.

For those people not in CSBB who would like to read SVB's letter, you can get to it in Teamworks at CSBB News.

So laying folks off on pretense for a policy/strategy that hasn't been firmed up yet.

Give it another quarter and then sell your WF stock, this won't end well...

"We expect location strategy decisions to firm up by April 2024".

What does the above sentence mean?

In typical corporation double-talk, it means many things to many people still employed by Wells Fargo. This is exactly what the corporation wants. Keep you all guessing at what your fate will be after April 2024. It is cruel, but very effective as you can see by all the disparate attempts at interpreting it's meaning. Trust me, this single sentence allows the corporation to totally cover themselves by simply referring all questions about employee layoffs (there will be many after 4-2024), branch closings (there will be many after 4-2024), buildings/properties closure (there will be many after 4-2024), WFH/RTO (will still be open after 4-2024) to "We expect location strategy decisions to firm up by April 2024". In other words it is business as usual, nothing has changed.

Check back on May 1, 2024 for status.

The only thing that has "firmed up" is the general opinion that HY is full of insufferable cuñ+$.

The layoffs will not stop so long as Shart is CEO.

Believe nothing....the execs could not give a micro $hit about you.

So this is just CSBB?

Any ideas as to which job families will be cut altogether due to automation

@nit+1qtboSTF

This isn’t really fair to people who were assigned field reps by a location. If one was hired in South Dakota they would be able to keep remote status, but if one was hired in Dallas as a field rep they now have to go in.

Many were also hired as “field reps” and not near any WF location, sometimes states away.

The plan, as I have been told, will focus on remote people who are in market/near hubs.

@arj+1qtboSTF

Some people accepted offers as “field reps” or “remote” employees years ago despite living close to hubs and guessing they are looking to take that away (and in some cases already have). It’s pretty cr-ppy because people plan their family situation around what’s on their offer letter (ex. Maybe one spouse has a long commute/travels frequently and the remote person depends on flexibility to get them to daycare). If one was not hired remote they factored these situations in, but for those hired remote they didn’t expect this benefit to ever be taken away.

Post ID: @siw+1qtboSTF

What do you mean “grandfathered into being remote”? I haven’t seen this communication yet so perhaps I missed something.

I like the way Saul used the word “progression”.

Reminding me of the storyline in the Richard Bachman novella
“The Running Man”.

Not the movie.

@msi+1qtboSTF
I find it hard to believe too. There are still some niche groups that have half their employees not in a hub area. They are not going to let go half of teams. For the ones that are by hubs and remote, they may be out of luck (which su-ks because it means depending on what state you were hired in you will be grandfathered in to being remote or not).

We have over 25,000 people who are remote... There is no way they are firing that many people in 2024...

What communication are you referring to?

True b/c in mid December I was told that a handful of my displacements (people not in a hub or anywhere close) had to be done in March vs. end of year or early 2025

more #wellsfaroshitshow

I'm interpreting his email as "You must make it to May 1st to be safe". Just my 2 cents anyway.

Lol! At least you've seen a plan. Last week 3 bullets were shared for Technology. And a pat on the back for TK celebrating 4 yrs of service. SMH

We know this because ask any BEC what an ontology is. Most likely they won't know what you are talking about. The "firm" will have to acquire a predefined "banking model", something like Accenture's .
Banking is going digital. The method of getting requirements from business users and creating apps will end. A new method of having AI feed robotics/service solutions that rely on tested banking process models will reign. The lead of this will come from India since they have the greatest number of digital banking users