Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at Work
Friday, June 21, 2024 | News
Wells Fargo has reportedly fired more than a dozen workers accused of faking work.
These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday (June 13), citing a filing with the Financial Industry Regulatory Authority.
PYMNTS has contacted Wells Fargo for comment but has not yet gotten a reply. A company spokesperson told Bloomberg the bank “holds employees to the highest standards and does not tolerate unethical behavior.”
As Bloomberg noted, devices and technology designed to let workers feign actual work — known as “mouse movers” or “mouse jigglers” — surged in popularity during the remote work heyday of the COVID-19 pandemic.
The report said that it’s unclear whether these workers accused of faking work were remote workers or not. While the finance industry was quick to order employees back to the office as the pandemic lessened, Wells Fargo waited longer than its rivals, the report added.
As PYMNTS wrote last month, the cost and cultural balance around returning to the office versus continuing to allow remote or hybrid work is top of mind for CFOs, facing a distressed commercial real estate market and seeing competitors relocating or centralizing their headquarters.
“Increasingly, the calculus is changing as business leaders look to realize efficiencies and answer pressing questions around internal spend,” that report said. “After all, where a business spends its money is one of — if not the greatest — determiners of its growth strategy and road map.”
Remote work, the report continued, significantly transformed the way CFOs managed their budgets, and a return to office could wind up having the same effect, as companies rethink budget allocations for office space leases, maintenance, utilities and other expenses.
Meanwhile, research by PYMNTS Intelligence has shown that the remote work environment has led to a rise in fraud and cybersecurity concerns for most small- to medium-size businesses.
“The return of business travel to pre-pandemic levels has given rise to more travel and expense reimbursement fraud, which can be especially costly, as it typically goes undetected for up to 18 months,” PYMNTS wrote. “Managing these fraud threats is a challenge for most SMBs due to small security teams and budgets threatened by inflation.”
Source : https://www.pymnts.com/personnel/2024/wells-fargo-fires-workers-accused-of-pretending-to-work/
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Monday, April 29, 2019
Benefits of Effective Project Management Software
Sunday, April 14, 2019 Mar
Feb
Improve Business Productivity with Talygen’s recruitment Software
Thursday, February 28, 2019
New Features and Key Updates of Talygen’s Customer Relationship System
Monday, February 18, 2019 Jan
Client Portal System: Time And Expense Approval By Clients For Smooth Evaluation
Tuesday, January 22, 2019
Talygen’s Message Board Module: The Best Real Time Client Communication Platform For Businesses
Wednesday, January 16, 2019
Talygen’s Resource Scheduling Solution: The Best Tool to Manage Your Resources
Friday, January 04, 2019 2018
Dec
5 Reasons Why You Need An Expense Tracking Application for Your Business Organization
Wednesday, December 26, 2018
How To Improve Your Sales By Applying CRM Automation
Monday, December 17, 2018 Nov
Talygen’s Project Management Tool: A Tested and Proven Web based Project Management System
Thursday, November 29, 2018
5 Reasons Why Organizations Need Talygen’s Knowledge Base System
Thursday, November 15, 2018
How Can Good Leadership Enhance Employee Time Management
Thursday, November 15, 2018 Oct
Talygen’s Unbeatable Project Request Feature for Long Term Relationship With Clients
Tuesday, October 30, 2018
Increase Your Transparency and Accountability with Clients Using Talygen’s Client Portal System
Wednesday, October 10, 2018 Sep
Aug
Jul
Jun
How to Manage Your Employees with Talygen’s Employee Management Software
Friday, June 29, 2018
5 Advantages of Using Talygen’s Job Portal Software
Monday, June 11, 2018 May
Apr
Talygen’s Time Tracker with Screenshots: An Indispensable Asset for Your Organization
Sunday, April 22, 2018
4 Essential Things You Should Consider Before Choosing A Time Tracking Software
Friday, April 13, 2018 Mar
Empower Your Business with Customer Relationship Management Software
Monday, March 26, 2018
Why Your Business Needs To Invest in a Project Management Software?
Sunday, March 18, 2018 Feb
2017
2016
2015
Oct
Sep
Aug
Why Do You Need the Talygen Time Tracker?
Tuesday, August 25, 2015
Five Features that Will Make Managers Love Talygen
Wednesday, August 12, 2015 Jul
Jun
May
Apr
Mar
2014
Dec
CES Series: Talygen to showcase the Future of Business at CES 2015
Tuesday, December 30, 2014
CES Series: 2014 was a blast, so will 2015 Be!
Thursday, December 25, 2014 Oct
Sep
Introduction to Talygen’s offline Time Tracking Application
Tuesday, September 30, 2014
Tips and ideas for successful project management
Wednesday, September 24, 2014
Smarten up your Project Management with Talygen
Tuesday, September 16, 2014
Why should businesses use an invoicing software?
Wednesday, September 10, 2014
Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 Aug
