Any updates for employees in this situation? If you haven't been let go by now are you home free? Or, is HR waiting for all HUBs to be up and running first before these employees get the ax?
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lol to USB is WF without the pay & tech. Spot on both accounts. McKinsey is also spot on. Gunjan was a top McK follower.
I agree with the butcher characterization. The EFCC layoff targeted the entire West coast, which includes remote and hub workers. We lost our highest performing analyst in CDDO, so it's definitely not a performance based decision. Whether WFH is targeted or not appears to vary by area compared to a uniform enterprise policy.
My area laid off everyone that wasn’t near a hub and was remote.
U.S. Bank is like Wells Fargo only without the pay and technology, but with embellished PR efforts. They copy Wells but with worse execution on all strategy. Cleaver Cecere has laid off more as a % of total staff than Charlie has.
I work from home (WFH) and far away from a Hub or Client Center.
Last week my entire team was let go, so I don't think my WFH status had much to do with my layoff.
Right now I think they're making big, broad "butcher-style" cuts. Perhaps in future iterations they'll be more "surgical" in the separations.
Are they targeting anyone who has refused to RTO?
I seriously doubt you’re home-free, sorry to say. I think you know this intuitively already. I know those hired as WFH post-hub rollout only to be made to RTO anyway a few months later.
If it’s what happened at competitor WF (and you’re not axed in the meantime), my prediction is you’ll eventually be asked to move or accept severance. This has McKinsey playbook written all over it - we’re just about 6 months behind WF. I encourage all to read the WF board and see for yourself.
They implemented hubs 6 months before USB did. Same playbook.