Thread regarding Wells Fargo & Co. layoffs

This full day and 4-day RTO will significantly reduce productivity because:

  1. Folks will spend more time finding available seats
  2. Will spend more time commuting during peak hours
  3. Will log in less at home if 8 hours requirement is met for day.
  4. People may work on different shifts like 6am-2pm vs 9-5 vs 10-6. It’s hard to schedule meeting across different time zones.
    What else?

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| 51 views | | 23 replies (last March 19) | Reply
Post ID: @OP+1kkvyn472

23 replies (most recent on top)

We have laid off, outsourced, and contacted half the domestic work force at this point, and yet we have more executives than ever. Weird.

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Post ID: @m5+1kkvyn472

@fj Learn to aim

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Post ID: @jg+1kkvyn472

@dc if you have passive income, it doesn't matter 😀 seriously people, multiple income streams, your corp job won't last forever, promise. Be prepared.

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Post ID: @fn+1kkvyn472

If I submit a loudspeaker idea to have better filtration and more cleanings in the restrooms, will I get shown the door? Those cans are rank and more ur--e on floor than in the urinals.

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Post ID: @fj+1kkvyn472

@an

Which seems counterintuitive to me. I admittedly don’t know a ton about CIB, but it strikes me as being an area that might actually benefit from people being in-office extra days. Well before risk.

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Post ID: @ek+1kkvyn472

Is it better to have a job and work 4 days on the office or be let go in this job market? Asking because that's literally the option right now for Risk employees.

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Post ID: @dc+1kkvyn472

What about CSBB?

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Post ID: @br+1kkvyn472

DF announced in an earlier town hall that his org is 4 days in office (8 hours) eff March 30.

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Post ID: @bq+1kkvyn472

@b5 fixed income trading floor is 4th floor 550 S Tryon, equities is located in Hudson Yards NY

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Post ID: @bj+1kkvyn472

Folks under cro got email that starting March 30th we have to be in office for 4 days.

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Post ID: @bd+1kkvyn472

@av
And? Very very few people work on the trading floor. I dont even think Wells has had a real trading floor since Wachovia

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Post ID: @b5+1kkvyn472

Well, all trading desks, investment banking, and client-facing teams have been 5 days for many months/years.....

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Post ID: @av+1kkvyn472

charlie wanted you to hear in the town hall what DF plans to do in this year with 10,000+ employees. Now he will act based on it. Did you hear anything great for the Risk team from DF? Same old stuff in a new basket. Wellsfargo is stupid to pay so much for their risk members to use copilot to increase productivity. Charlie has to handle 10,000+ layoff for this group. DF might run away from this deal in next few months if his 4 day strategy did not reduce the count.

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Post ID: @aq+1kkvyn472

AI weirdos can now only write in these bizarre bullet points and lists

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Post ID: @ap+1kkvyn472

@a9

4 days in risk , but there is no mandate of 4 days in CIB, maybe some groups in CIB.

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Post ID: @an+1kkvyn472

What's your point? This is like yelling at the wind. Just su-k it up and deal with it or don't.

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Post ID: @aa+1kkvyn472

@a 4 day RTO has not been annouced for everyone and probably will not be part of any Town Hall. Teams in Risk and CIB that have been given the mandate of 4 days week, 8hrs a day in the office.

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Post ID: @a9+1kkvyn472

Some days my commute is 2 hrs one way in the evening. lf i were allowed to manage it, i could leave when the traffic window was a tolerable 1 hr.

When Income in its all India or West Coast zoom meetings. aint doing 12 hours a week commute for zoom meetings. I can be more productive implementing AI tools for another company.

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Post ID: @a8+1kkvyn472

Until the job market improves: the beatings will continue to improve morale.

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Post ID: @a7+1kkvyn472

@a4 Risk

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Post ID: @a6+1kkvyn472

Flowers organization is bloated. Wells is no longer under the asset cap, therefore, no need for all these risk/compliance folk that were hired for RCSA and to appease the regulators. This is an attrition play pure and simple. Problem is the job market su-ks right now so people won’t leave on their own. Sorry Charlie—-you’ll have to pay the severance these people are owed.

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Post ID: @a5+1kkvyn472

Where exactly is it where staff is being required to come in 4 days? Is this site or business unit specific? There’s been no announcement whatsoever where I am. Just curious.

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Post ID: @a4+1kkvyn472

Will not reduce productivity as AI tools are doing most of the work these days. The RTO is the first excuse to remove people.

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Post ID: @a1+1kkvyn472

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