What happens next year or in two years? Will the bank eventually care a little less or still fire people for not complying?
15 replies (most recent on top)
Settle? Not a chance from remote employees. GK and El-Zero said RTO was for collaboration and then opened a GCC in India. Once US based remote employees saw their job is on the line anyway, what incentive do they now have to RTO? It was the d-mbest RTO implementation in the history of RTOs. Gunjan and her m-o-r-o-n committee are a laughing stock among their peer banks.
@jh Not very likely. Irrational leadership decisions can only last so long. The current implementation of "RTO" is not based on real business reasons, or research into effective working conditions, but rather headcount cutting. All the lies about collaboration or many of the other excuses they threw out don't fly with professionals in the know.
It will not settle under these demons.
No because the future isn't Americans working from home; it's as many functions as possible being handled from India. That's the long term goal. Even the H1Bs here in the US are a stopgap solution. Their time is limited just like Americans thinking an in-office job provides more security than remote. Here's the business cycle of the future: Corps move functions to India>fail due to incompetence and consumer rejection of the resulting slop>Other companies take their market share. The future for American workers is in small businesses that can provide competent localized service, and of course working towards financial security/independence.
Will RTO "settle"? No. Not until Gunjan and her HR cuck leave the bank to "spend more time with their families".
@b1 People were asked to move to a hub or RESIGN? Resign means quit with no severance. FU-K THAT SH-T! The bank, per its own severance policy, is required to pay severance if an employee's job moves to a location more than 50 miles away from the previous assigned location.
We were wondering this in 2024 and look how much worse it's gotten.
I get the feeling the next push (besides eventually nannying hours logged in on-site), will be, "if you live in Hub X, we expect you to seek a role in your local Hub or move to one where your area of the business is based." This is already a thing in JR's group; remotes were largely asked to move to a specific list of cities or resign. The remainder in hubs are seemingly locked into their current roles with no path forward within that group short of making the same move.
This is creeping into even Development Network opportunities. The SE PA DN is sponsoring a "career-fair information sharing event focused on increasing awareness of OUR SEGMENT [emphasis there mine] of...the potential career paths within the business lines of SE PA." Those would be Payment services and Wealth. Call it a hunch, but I'm speculating the next push will be to force those of us outside those boxes, or in roles not directly supporting them locally to fall in line or face getting hacked. But maybe that's just me...
@ah those are not incompatible statements. The MC does want people to quit, and since it's a tough market they'll have to keep turning the sc--ws.
They're not getting the attrition they want, but they are getting a decent amount. It's why they changed the directory to make attrition and layoffs harder to track.
@a1 Everybody keeps saying the MC wants people to quit. No one is quitting and the MC knows this. Quitting because of RTO? Good luck finding anything other than entry-level work in finance that’s fully remote. It can happen so keep on looking. Just don’t hold your breath.
Banks will likely be some of the last corporations in the country to ever embrace WFH. Way too much money tied up in corporate real estate that they’ll likely never be able to sell. We’d be more likely to be hit with another pandemic that forces WFH before USB or any other bank puts their employees first.
@a2 The point of OP's post is that they want to speculate
I don't see much of a path forward into RTO relaxation. This is what it's going to be, for the foreseeable future.
Literally nobody can tell you that and there's no point in speculating beyond what we already know, which is that (as the previous commenter stated) they want to drive attrition. That's why they keep moving the goalposts, and all we can safely assume is that they will keep moving them.
The bank wants another 10% to 15% of the workforce cut, so they’ll continue to enforce and hope people continue to quit. The only way out of this mess is financial independence. Now more than ever is it essential to have skills outside of corporate America.