Fidelity has ended hybrid work. 75,000 employees now expected to be in the office 5 days per week
JPM, Goldman, BofA, Morgan Stanley, PNC and Trust have all moved to 5 day mandates in the past year.
Maybe this can put a 4-1 mandate into perspective.
24 replies (most recent on top)
I recently met a person that works for Vanguard and they are still 3 days a week in the office.
@3nx So they put hundreds of people out of work and then spend big bucks flying others in first class? Wa-kers. Maybe they can fly the Accenture people in 4x a week.
It turns out we do fly a person from Alaska! Even once a year,for a jr employee seems pretty crazy. But the first class airfare costs, between here and the UK is insane.
I wonder what the cost of flying/feeding and housing, all the mail in employees costs a TRP a year?
The company has mandated that physical attendance shall be on site for 4 days. It’s that simple. They are not asking for your opinion. Or your rants. Nobody asked if it made sense to you.
If you feel that’s wrong, what’s stopping you? Don’t bump into the door on your way out.
There is zero consistency in RTO across the organization. In office makes sense for new talent that needs social support and mentorship, for teams that actually need to collaborate occasionally. No actual f'ing adult wants to be treated like an untrusted child that needs constant oversight and get out of here with hiring unproven talent into remote roles while the only criteria for in office is point in time circumstance. If someone has been delivering for years, it is ridiculous. Want to grow a workforce with some loyalty, reward performance with flexibility and do it fast. Want to improve whatever it is that needs improving, hold your data driven leaders who can't speak to why their consultant powered business case failed accountable. Do literally anything logical with some conviction and discipline. There are plenty of companies that are able to function with lower overhead and a more satisfied workforce because time was spent investing in a distributed culture with distributed toolsets. Whether someone sits in front of a computer all day at home, in an office, on the moon, is irrelevant in 2026. People who su-k are going to su-k in an office too. Hire better, prioritize better, reward better, focus on something meaningful vs where someone's butt is planted.
Morgan Stanley Operations in Baltimore is still 3 days a week in office, but strictly tracked.
@vb such an interesting argument. What an associates who have to come in to office? Are they all less dedicated than you? Where is the equity?
@vb So you're saying the Helpdesk leaves something to be desired? Buckle up - it gets worse. You sound like a good employee - at least let yourself look and see what is out there. I left and got a remote role. I know it is hard to leave - but at least look. Maybe one of the big investment firms out of state would let you work remote? It is one thing I do not miss from there. Equity and inclusion, yet some were more equal than others. Nothing more infuriating than driving in the rain an hour, getting stuck on the Beltway due to some accident, and feel like cr-p when you finally do make it in (late) when you jump on a meeting with people who had a nice morning sipping coffee from the comforts of home. You are right to be mad.
@tt interesting how you conflate “wanting to work from home” with “wanting to get paid without working.” Funny, if that’s the case, I wonder what I must be doing all those extra hours I work in the evenings—AT HOME—to make up for all the understaffing and incompetent outsourcing that have occurred, and the resulting high performer reviews I get each year. Maybe some of us enjoy the work we do but also like seeing our children an extra two to three hours a day and being less exhausted for them instead of wasting that time and energy on commuting for no demonstrable benefit to anyone.
@tt they don’t want to be fired and they want to be afforded the flexibility to work remotely liked the lower skilled replacements that are being hired when they do fire people.
it’s funny how this company had no problem at all with people working from home during Covid and have no problem with accenture staff working from different countries, but for some reason, feel the need to force everybody into the office so that they can hop on Zoom/teams to work
@OP it’s hard to tell what some people really want. I guess they dont want to be fired. But then they don’t want to have a job because they have to come to work.
And then complain that company is so unfair to them
@p5 Agreed. We should use the safe space angle. I don’t feel safe driving into Baltimore so I can’t bring my full self to work or any other BS we can add…😂
I don’t think T Rowe can mandate 100% in-office because the office is in Baltimore. It’s very hard to attract talent to one of the worst cities in the entire country. JP Morgan can require 5 days in-office because at least their main office is in Manhattan…
@df They're not licking boots ⚽⚽
@cs Time to put that boot to good use.
@ct You mean their official policy leadership by ambiguity didn't resonate with you? I know for me, having unaccountable leaders take a year to come up with literally no plan fills me with confidence and drives me to work harder. It certainly doesn't make me resent the out of touch, self-congratulatory leaders who presided over record outflows for the better part of a decade now l.
@ab thank you. these c suite sycophants coming in here, telling everyone to be grateful to have a job and watch, benefits and work life balance degrade while being asked to “do more with less” and wait for our turn to train our replacements make me wonder how fun they must be in person 😂
It's that the most intelligent reply you could manage? 😅🤣😅
Time to knock that boot out of your mouth, and see if fresh air intake can restore that dessicated peanut you call a brain.
@a4 sounds a tad s-xist to me. Are you seriously so in love with cubicle life you assume everyone who is not needs child care? i’ve seen this comment over and over on this forum. something must’ve really traumatized you
@ac who’s working from Alaska and travelling to Baltimore often?
Lest sharpen the focus a touch more.
What about all the remote workers they have hired, instead of promoting internally?
How much are we paying for the out of state commuters weekly?
With Air-fare, hotel and Uber they cost more and produce much less.
What is the cost to the company to fly in from Alaska?
I will, for sure. Just as soon as you stop your incessant bootlicking.
Do let me know if you ever become capable.
We are ever-so-slightly better (for now) than the worst possible. Yay 🥳🥳🥳
@OP True! Get into work and stop making excuses to work from home to babysit your kids!!!