Wells Fargo fires group of employees after a startling discovery

Friday, June 21, 2024 | News

The bank giant had to recently give over a dozen employees the boot after concluding an internal investigation that looked into "unethical behavior."

When the Covid pandemic forced almost all of corporate America to pivot to remote work in 2020, many employers began to make the flexible work arrangement a permanent part of their workplace culture after it proved that employees could be just as productive working from home compared to when they are working in the office.

Wells Fargo (WFC) , which has allowed most of its employees to work remotely two days a week, has just revealed that it discovered “unethical behavior” from a group of its employees amid its recent shift to a more flexible work environment.

The bank giant recently had to make the harsh decision to fire over a dozen employees in its wealth- and investment-management unit after it looked into allegations “involving simulation of keyboard activity creating the impression of active work,” according to disclosures filed with the Financial Industry Regulatory Authority, which were reviewed by Bloomberg.

Bloomberg also notes in its report that the disclosures fail to confirm the location from which the employees were allegedly faking active work.

In an emailed statement to TheStreet, a Wells Fargo spokesperson said that the company “holds employees to the highest standards and does not tolerate unethical behavior” and declined to comment on the matter further.

Remote workers sometimes fake productivity

It is common for remote and hybrid employees at companies to fake their productivity while working from home. Some remote employees use tools such as “mouse jigglers” to automatically fake mouse movements on their work computers, while others even book fake meetings on their calendar to appear busy. Some even attempt to hide their browsing history on their computer by surfing the web in private/incognito mode.

Girl in a jacket

Image source: TheStreet.

A recent survey by Preply also revealed that 44% of remote workers have even faked being active on their company’s work chat app such as Slack, Microsoft Teams, etc.

Many remote employees have also admitted to being distracted while working from home. A study from ExpressVPN last year found that remote employees in the U.S. and U.K. only spent an average of 13 hours of their 40-hour workweek on professional tasks. Most of their time was spent checking personal emails, shopping online, streaming TV shows and movies, etc.

Source : https://www.thestreet.com/employment/wells-fargo-fires-group-of-employees-after-a-startling-discovery

Share on:
Tags: news
Tags
Blog Archive
caret 2024
caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun
blog-img

Employee-Friendly Tracking of Team Computer Activity in 2024

Friday, June 28, 2024
blog-img

The rise of the worker productivity score

Wednesday, June 26, 2024
blog-img

Moonlighting is no longer just for vigilantes : Moonlight employees are on the rise

Wednesday, June 26, 2024
blog-img

Employee monitoring tools get a facelift

Wednesday, June 26, 2024
blog-img

Hybrid work hack: as mouse jigglers fool employee monitoring software, bosses fight back

Wednesday, June 26, 2024
blog-img

Mouse jigglers, power nappers force productivity-obsessed corporate America to fight ‘Keyboard Fraud’

Wednesday, June 26, 2024
blog-img

How some federal employees are pretending to work using 'mouse jigglers'

Wednesday, June 26, 2024
blog-img

How corporate America is battling the rise of ‘keyboard frauds’

Wednesday, June 26, 2024
blog-img

Companies are cracking down on mouse jigglers

Wednesday, June 26, 2024
blog-img

Prevent Quiet-Quitting with silent app

Monday, June 24, 2024
blog-img

Debunking 8 User Activity Monitoring Myths & Misconceptions

Friday, June 21, 2024
blog-img

7 Features to Look for in Your Next User Activity Monitoring Software

Friday, June 21, 2024
blog-img

Wells Fargo fired a dozen people accused of faking keyboard strokes

Friday, June 21, 2024
blog-img

Wells Fargo remote workers fired for feigning to be at work

Friday, June 21, 2024
blog-img

Wells Fargo fires more than a dozen employees for faking work: report

Friday, June 21, 2024
blog-img

Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at Work

Friday, June 21, 2024
blog-img

Wells Fargo fires workers after allegedly catching them simulating keyboard activity

Friday, June 21, 2024
blog-img

Remote Employee Fired for 'Low Keystroke Activity' During Working Hours After 18 Years of Employment

Friday, June 21, 2024
blog-img

Wells Fargo Fires Employees for Fake Working

Friday, June 21, 2024
blog-img

Wells Fargo employees fired for 'simulation of keyboard activity'

Friday, June 21, 2024
blog-img

Wells Fargo fires group of employees after a startling discovery

Friday, June 21, 2024
blog-img

Stealth Computer Monitoring of Employees Working Remotely

Thursday, June 20, 2024
blog-img

10 Tips for Choosing the Best Silent Activity Monitoring Software

Wednesday, June 19, 2024
blog-img

Stealth Mode Monitoring: What You Need to Know

Thursday, June 13, 2024
blog-img

The Complete Guide to Effective Ways to Monitor Employee Computer Activity

Monday, June 10, 2024
blog-img

Business Growth Hack – How To Make Employees More Productive?

Friday, June 07, 2024
caret May caret Apr caret Mar caret Feb caret Jan
caret 2023
caret Dec caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun caret May caret Apr caret Mar caret Feb caret Jan
caret 2022
caret Dec caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun caret May caret Apr caret Mar caret Feb caret Jan
caret 2021
caret Dec caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun caret May caret Apr caret Mar caret Feb caret Jan
caret 2020
caret Dec caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun caret May caret Apr caret Mar
caret 2019
caret Oct caret Sep caret Aug caret Jun caret May caret Apr caret Mar caret Feb caret Jan
caret 2018
caret Dec caret Nov caret Oct caret Sep caret Aug caret Jul caret Jun caret May caret Apr caret Mar caret Feb
caret 2017 caret 2016 caret 2015 caret 2014