Gas prices are going insane. We're wasting valuable oil going back and forth to the office. We did it during covid, same thing should be done now.
24 replies (most recent on top)
The increase of gas price is not just one factor. When a price per barrel increases the impact takes a week to hit every things. A small change from 4 to 3 days rto could make a difference to many.
You d-mb azzes voted for this remember? You kept reminding us all last year.
@e6 you are making too many assumptions. Also know your place. Thank you for attention to this matter.
@e4 why would "little guys" be taxed into oblivion?
Without those rentiers we don't have to hand out billions in subsidies and tax breaks that the "little guys" have to cover. You'll all get to pay for them when they seek tax breaks and handouts in your states. Then you'll beg the federal government to tax us more to pay for your unwillingness to pay for yourselves. You should learn how this stuff actually works before you try to have an opinion on it.
You're just as bad as they are, thus you deserve them.
@cq they will miss that $$$ and now that they don’t have billionaires to tax little guys will be taxed to oblivion.
Still makes sense because Wells had way more employees than they could fit into buildings. So many people were remote in Charlotte pre-Covid. Please know what you’re talking about before responding.
@d1 Claiming RTO is all about protecting CRE values seems like a bit of a conspiracy theory, when the CEO of the firm is going on the financial networks openly je-king himself off about how much headcount he's reduced and how much more attrition he's hoping for in 2026. There's a much simpler explanation here.
The only problem with your theory is that WF had been DUMPING buildings for the last 5 years, often at great loss. Their actions say that HY couldn't care less about the commercial real estate market. You don't get to fire 100,000 people and then claim you want people in buildings. I mean, you can say it, but you're obviously full of it.
@cj us blue states will not miss them at all. They su-ked value out of the state and added nothing, which is why they're willing to run away when asked to be better residents.
@ch I agree with you. The one of the things that we should track is exodus of billionaires and their $$$ and companies from crazy- blue states. We all know those crazy-f@ck hero’s CA, NY, IL, MA and others. They already pushed people with $$$ out of their states. Last week governors of NY started pleading for those people with $$$ to return and support NY crazy-a-s social programs.
The main reason everyone was forced to go back into the office was because of commercial real estate and the huge impacts of shutting down offices in this country’s biggest cities. If Wells could save money by having all of their employee’s remote, they would have done so in a heartbeat. They own billions on billions of commercial real estate. Who is buying these portfolios if there is no one there to work and all surrounding businesses have had to shut down as a result? These huge skyscrapers can’t easily be converted to apartments/condos and even then how many people could afford to live there. In Charlotte alone, Wells owned like five buildings uptown and has since sold off two to align with their layoffs.
This industry will NEVER be fully remote. I read somewhere that the top five banks have like half a trillion dollars in commercial real estate. You think big banks , say in NY, will ever have empty buildings just sitting there, especially when the surrounding economy depends on people coming into work and spending money? Never going to happen. Look at working at smaller companies for fully remote work.
@bc Use beloved AI to get a synopsis of what has driven gas prices the past 8 years rather than just stating it’s a Biden vs Trump thing
There was a pandemic going on back then, and a war and stimulus which had whiplash effects in both directions over several years
@bw I to make a decision to leave the company. Someone like myself would be having to fill a tank up every other day. I can't afford to move and uproot a family and have a higher mortgage either or downgrading to another vehicle (already drive a 4 cylinder) It would be one thing if the company offered to pay mileage/fuel for travel or maintenance of some sort. Some companies do...
A full tank for me costs around 50 bucks a pop. A twenty minute drive turned into 2 hours.
I think people would settled for 2 days per week in office vs full remote during this time. I would. I’m not saying that full remote would offend me.
@c1 no branches outside of the US, only backend work
RTO has one purpose. You can't cleanup the individuals that were hired to work remote full time without return to office. On site will be staffed with H-1B staff and offshore will handle everything else. Does anyone know if Wells Fargo has banking branches in India
Think about RTO in general, what’s the point? It’s justifying building costs and pushing people who want to work from home to quit. Increased gas prices adds another push to want someone to quit. Go to the office to jump on teams calls. None of these are good for morale. They don’t care about your feelings, your life balance or stress. They care about $$$. If they cared about the employees, we would be getting decent annual raises, work from home and they would communicate about war uncertainty.
Did AI identify that cost saving opportunity?
GTFO. How big is your tank? How many miles do you drive? Is $15 really going to crush you weekly? Skip coffees and lunch and bring it in yourself. Btw if gas was $2 a gallon would you offer to come in more?
But you absolutely lost me at getting up and getting dressed!
This assumes that leaders are making the decision to go remote or in-office for logical reasons. If they were they never would have pushed RTO in the first place. For leaders, RTO is far more about stealth layoffs than it is about the pragmatic benefits of working in office.
These people have also doubled and tripled down on defending RTO with vague bullsh-t since they started pushing it. It would take another cataclysm on the level of a global pandemic to get them to admit they were wrong and back off their bullsh-t at this point. Maybe not even then.
Remote worked. I don't know why the bank didn't capitalize on that. It's 2026 almost everything can be done on a computer these days. Once they figured that out, really any company that seen that remote worked should have been the go forward.
Step back and look at it. Look how much of a disservice we are doing to ourselves for what? Have to get up, dressed, commute, spend all this money, use up time, deal with traffic and office politics just to come in to an office that nobody wants to go to and doesnt speak to each other completely opposite of what the rto talk is about.
People won't talk to one another because of either one of three reasons. Disgruntlment, social anxiety or some kind of harassment just by passing someone in the hall to say hello.
So high gas prices for years under Biden (and for decades in blue states) are irrelevant but less than a month of gas increases now is an emergency? Might wanna find some other reason to whine about coming to work.
Not even 60% of what they were back during Biden's term, but you were OK with that?
That is far too pragmatic of a solution for America's "leadership" and business "leaders".