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As per a report of Bloomberg, Wells Fargo & Co recently terminated more than a dozen employees in its wealth and investment management division. These terminations occurred last month after it was discovered that the employees had faked their work activities using keyboard simulation, according to the report in Bloomberg.
“Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” stated a bank spokesperson.
It remains unclear if these employees were found guilty of keyboard simulation while working from home.
The use of software to imitate employee activity gained popularity during the pandemic when many companies shifted to remote work.
A few years ago, Wells Fargo also dismissed some employees for violating its expense policy, specifically for seeking reimbursement for ineligible evening meals.Recently, several US financial companies, including banks, have started to request their employees to return to the office.Wells Fargo, however, took longer than some of its competitors to implement this change.
In early 2022, Wells Fargo began asking employees to return under a “hybrid flexible model.”
The bank is now gradually requiring staff to be in the office at least three days a week.
Management committee members are expected to be present in the office for four days, while many other employees, like branch workers, are required to be at the office for five days.
