How are things going with the centralized hubs for each LOB? I left in July 2024 and remember getting emails about the hubs and cities they want to operate in and offer people relocation packages to keep their jobs. Just curious… thanks!
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I mean I know folks working for Wells for the last 5 years from home and they spend more time in the gym, shopping, taking kids to and from school, taking naps, but they make sure there alarm goes off for the zoom call they take wearing no pants, all while making well over 6 figures, eventually Wells needs to call them into the office and make them earn their paycheck like most working folks. Crazy they let all these folks work remote for this long and continue to give them raises, again just to move a mouse and join a zoom for an hour a day, wish I could do that and earn 120K, Wells needs to bring all back to the office.
hub cleansing is done for many LOBs. Now they are doing 'efficiency' layoffs.
2026 spells the end of most remotes and most of the former hubs. Next they will start laying off people in hubs under the guise of "colocating teams". Some of this has already happened but it's going to get a lot more common as they drive attrition via the 'all the eggs in one basket defense". And they'll do it with a straight face, looking you right in the eye as they lie. Gotta be colocated huh? Like the random guy on the team that's sitting in I&P? 'oh, well that's different...' no, it's really not. 😐
@en The Hub is all smoke and mirror political B.S. I was in the main Hub, Uptown Charlotte for the past 4 years, cam in the office 5 days a week, working the full 8 hours and longer….I was laid off July 22, 2025 along with 100 of my peers in Charlotte. No one’s job is safe anymore
@cg we were told that everyone will need to be close to a hub in order to meet their 3 day in office requirement. If you aren’t near a hub you will be let go eventually. Seems they’re moving faster on this recently as I know several people who have been let go. One team I know has not worked in an office in over 15 yrs so many team members were not near a hub. About half of the team got let go and the rest are now working in office 3 days/wk, including the management.
Yes, that's all it's ever been. Everything HY does is about increasing vol and invol domestic attrition. Everything, especially 'location strategy'.
Letting domestic employees go because not in a hub but senior managers are still sitting in states we don’t even have offices and or employees in. Are we coming back into office to collaborate but the managers aren’t even there?? Just wrong in CSBBO. I agree, is this whole hubs project to move onshore employees, offshore
They are still allowing people that aren't close to a hub to work remote while making the rest of us go back. Lay them off or let us all stay remote, it's BS!
More like Project Ho-k Red Nose..
The hub strategy is to get you gone so you can be replaced in India or the Philippines. It's really that simple. Plan you exit on your terms and say fu-k you Charlie.
The current administration can say whatever they want (and they usually do) about “helping American workers.” They brag about kicking out illegal immigrants. Great. They raise visa costs. Fine. But here’s the part they conveniently “forget”: every single month, a cruise ship full of white-collar American jobs sets sail for overseas — all for pennies on the yen.
So if you actually care about American workers, tell the a$$holes you vote for to stop rubber-stamping corporate giants like Sh--e Fargo as they ship our livelihoods across the ocean.
I’m wondering at what point does it end? Like why layoff people but at the same time invest more in US offices, Hudson Yards, The duke office in Charlotte, etc. Those offices are not cheap so why layoff people in hubs but invest in it.
@OP The Hub is all smoke and mirrors, more political games for shareholders and Wall Street. I was in the Uptown Charlotte Hub, the main Hub, came in the office 5 days a week worked the full 8 hours and longer busted my fanny for the bank, had excellent reviews and was still laid off on July 22, 2025! The hub strategy is nothing more than a spinning fake story. Charlie is laying odd hundreds of staff everywhere each Tuesday.