Thread regarding Wells Fargo & Co. layoffs

Double srandards

So mortgage processors are displaced because they do not live within 40 miles of one of the four hub locations due to RTO coming. Yet the processing managers all are still here living out of state. Please explain how this works when we all go back in the office and they are sitting at home. There are also processors that do not live by these hubs that still have their remote jobs because they are on specialty teams. Sales assistants don’t even live in the same state as their HMC so how do they meet with borrowers. Seems like the same rules do not apply to people. Time for a media story and a class action lawsuit.

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| 1348 views | | 5 replies (last April 20, 2023) | Reply
Post ID: @OP+1md3HdwC

5 replies (most recent on top)

Positional scarcity is the most likely answer. Replacing people at the lower end of the experience/pay scale is a lot easier than replacing those that have years and years more experience and bring additional attributes to the table (like management experience).

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Post ID: @1kyk+1md3HdwC

Just read a survey. WF is #1 is demoralizing employees.

This company is a Pinto trying to act like it's a Rolls-Royce.

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Post ID: @gle+1md3HdwC

Not everything in life is fair.

And not everything is a class action when you simply don’t agree with a decision.

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Post ID: @ngc+1md3HdwC

I think they will be cut, too, in time.

WF is hoping they run and quit so they can save severance. And reducing their team headcount (first) to below manager threshold makes it an easy displacement decision.

I definitely think WF is banking hard on employees leaving on their own versus waiting out for severance.

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Post ID: @ldo+1md3HdwC

Double standards in this case are intentional. Insulting people's intelligence, a complete lack of consistency and transparency, along with a host of other indignities is all part of the plan to motivate people to quit.

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Post ID: @mxd+1md3HdwC

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