Last month, Wells Fargo fired more than ten employees for simulating work. According to a statement sent to the regulator (Financial Industry Regulatory Authority), employees in the capital and investment management division were "dismissed after allegations related to simulating keyboard activity, creating the impression of active work."
Devices and software for simulating work, sometimes known as mouse jigglers, gained popularity in the era of remote work caused by the COVID pandemic. People exchanged tips on their use on social networks like Reddit and TikTok. Such gadgets are available on Amazon for less than $20. It is not reported whether employees were engaging in simulation at home or in the office.
The financial industry has been one of the most aggressive in bringing employees back to offices as the pandemic recedes. However, Wells Fargo has given employees more time than competitors JPMorgan or Goldman Sachs.
In early 2022, Wells Fargo began requiring employees to return to offices according to a "hybrid flexible model." The bank expects most of them to be in the office for at least three days a week. Management will be in the office for four days, while many others will return for the full five days.
The firings are reminiscent of another episode at Wells Fargo a few years ago when the company investigated employees violating expense policy by attempting to charge an inappropriate dinner to the firm.
Source: Bloomberg
Comments (0)
There are no comments for now