Thread regarding Wells Fargo & Co. layoffs

I'm not a business tax expert but may be someone in this forum is. I'm curious to hear if the claims being made that RTO is necessary because of a tax strategy. I'm sure there's more to this.

@kej+1jIY1oMO

My experience as well. It's human nature really. When you force people together they are MUCH less likely to interact positively vs just letting it happen organically. I'm not discussing my work or what my group does with anyone that doesn't have a business need to know. So yeah, I'll talk about the weather for 30s and then get back to work. It's a complete waste of company resources with no valid business case the justify it.

There is no Plan B. Management is not worried. Two reasons:

1. Lawsuits are a "cost of doing business" which is already factored in. That's ingrained in the management culture here.

2. When the recession comes - and it IS coming - management knows that they will be empowered. Prior to the recession it was the TEAM MEMBERS who were empowered. That is going to change 180 degrees, and management knows that all they need to do is wait.

Location strategy is also one of those things that is varying depending on business group. In certain groups with high turn over, they are easing off from it, and open to non-hub hires. It would be nice to know which execs fully support RTO and location strategy, and which ones are more wise in their approach.

My team is also physically located in other states. Leadership says one reason to RTO is for collaboration. Our floor is empty also, I choose the desk the farthest from the entrance, and haven't said a word to anyone since RTO.

@ivc+1jIY1oMO

Unless they can relocate customers, that ain't gonna work. My team is distributed geographically for a reason, they have to be where customers are.

@fio+1jIY1oMO

So if RTO enforcement doesn’t begin until January, why the heck have I been driving to my empty office 3 days a week since April? Might as well just go back to WFH until January, I guess…

Manager in a meeting passed along that RTO enforcement will begin in January. Said it will affect not just bonuses but overall performance assessment next year.

So I guess Wells really is going to weather the lawsuits. There's no way everyone will be enforced equally even though it's an enterprise-wide policy.

This will be the main scandal next year - multiple individual and class action lawsuits for unequal treatment.

These aren’t the type of leaders with plans. Expect knee jerk reactions followed by anger at the fallout of their actions

Consideration is being given to allowing smoking in offices again along with beer Fridays.

Plan B is reportedly to double down and start pilot testing the replacement of tissues/hand sanitizers on the cubicles with plates full of coke & blo to encourage greater office attendance.

It will come down to location strategy, i.e. the “hubs,” ultimately those who aren’t in a hub will lose their jobs. Some will get the invitation to move, but not all. I’ve heard this mentioned before going back a year or two, and from execs, not peons.

Nah, they know a recession is coming and ppl will “need” them and they will hold all the power. For now, they do little until the job market is more to their advantage.

I shouldn't have to relocate across country since I am west coast and my team is east coast.

for those who complain about rto with the argument that no one on their team is in their office that is where location strategy will come into play and eventually we will widdle down our real estate holdings to a few large campuses/hubs and you'll have the option to relocate to where you group is.

The RTO circus will continue cuz it's led by clown Charlie. Just that simple. They will lie about in office numbers, but the truth is out there, everywhere.

Chuckles can't even meet efficiency numbers after 4 years. What a fail.

Punt…jobs to India.