Will Corp Risk eventually adjust back to 3 days in office once they get the numbers they need?
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This bank is not going to provide anything to employees that might actually boost morale up. For the past several years, WF leadership’s intent behind almost every decision has been to cause discomfort and frustration, so people will leave voluntarily without taking severance.
OPs question is silly, actually. When it comes to employee treatment, nothing is ever going to get better at WF.
Ask yourself: Has it ever gotten better in the past decade? Charlie WANTS us to hate working here. And he’s not done thinking up ways to make everybody even more miserable. Buckle up guys.
Not until target headcount reductions are met AND DF is gone. It’s working both here and offshore. Offshore has it worse. Four days plus NINE hours. They are having massive trouble retaining talent.
The bank didn't have "the best and brightest" during the WFH years either. It had a bunch of people disappearing for hours at a time to do God knows what, instead of what they were being paid to do. Its unfortunate the ones who actually gave the company an honest days work got sent back when RTO resumed but literally everyone had team members who were nowhere to be found for years on end and to pretend otherwise is to have your head firmly in the sand.
@h2 Agreed. But the elephant in the room re: RTO is everyone knows technology has solved the problem wrt many job roles. Forcing a bunch of people into a building is all about control. It's an emperor's clothes scenario. Many can easily do their jobs from home and eventually the workforce WILL change and adapt to it. But, for now, the old C-suite boomers just can't admit things are changing. A smart leader would recognize this and be ahead of the curve. Just think of the talent pool that could be tapped if a bank thought differently and allowed a more flexible work environment. It could easily hire many of the best and brightest. We don't have smart leaders. Nowhere close.
This would require leadership to admit they were wrong.
Wells is not going the other direction on their RTO policy until something major shakes things up.
Amazing how far downhill the employee experience has fallen.
Corp Risk’s four‑day in‑office requirement is essentially a pilot program designed to pave the way for rolling out the same policy across the entire company.
when:
the regulators are all over us (probably because all our AI agents ki-led our deposit base with poor customer service or approved lending they shouldnt have), and
DF is gone, and
they cant hire people.
It will never go back to 3-2 hybrid with DF. He brags about being in the office 70+ hours a week for 6 days plus the occasional Sunday and is super cranky that no one else is willing to work that much.
To be fair though, I am sure Mrs. F isnt nagging too much about the laundry, yard work, meal prep and clean up plus the grocery shopping that magically disappears when you earn $10+ million per year.
No. More than likely corp risk was a test for the rest of the firm. It’s likely we all go 4 days in or more at some point. We are one of the only firms in industry that is still 3/2 hybrid.
Highly doubt it if DF continues to be in charge. The only thing that could impact current strategy is if WF sells a bunch of real estate and they’re low on space, but that’s highly unlikely.
The objective with RTO has always been to torment domestic employees until they quit. So long as there are domestic employees, the policy will either remain or get more restrictive. The only thing that will change that is a new CEO that's not a complete evil p of s.
Wishful thinking at best
No. Likely going to full 5 in mid ‘27