Wells Fargo fires employees over fake keyboard activity

Wells Fargo has made a wave of layoffs in recent weeks after claims some of its employees were faking keyboard activities to fool the company into thinking they were at work.

America's third-largest bank announced the decisions in broker filings with the Financial Industry Regulatory Authority (Finra).

The company did not respond to questions about how the alleged issue was discovered and whether it was related to remote work.

This month, new rules came into effect in the US that mean offices where real estate agents work from home must be inspected every three years.

“Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” spokeswoman Laurie Kight said in a statement.

Some large companies are using increasingly sophisticated tools to monitor employees since remote working expanded during the Covid pandemic.

Such services can track keystrokes and eye movements, take screenshots and log which websites are visited.

But technology has also evolved to evade surveillance, including so-called “mouse jigglers,” designed to give the impression that computers are actively being used and are widely available.

According to Amazon, where they can be found for less than $10, thousands have been sold in the past month.

In the filings, Wells Fargo said employees resigned or were fired “after investigating allegations regarding the simulation of keyboard activity that gave the appearance of active work.”

Bloomberg, which first reported the layoffs, said more than a dozen people had been affected.

The BBC has confirmed six cases of staff being dismissed following investigations, and one case of someone voluntarily resigning after being confronted with the claims.

Many of them had worked for the company for less than five years.

It comes as many companies, especially in the financial sector, are pushing their staff to return to the office.

Remote work remains popular since the pandemic, but numbers have dropped.

In the US, just under 27% of paid days last month were work-from-home days, compared to more than 60% at the peak in 2020, according to research by professors from the Instituto Tecnológico Autónomo de México (ITAM) Business School, Stanford and University of Chicago.

As of this spring, about 13% of full-time employees in the U.S. were working fully remotely, and another 26% were on a hybrid arrangement, according to the researchers.

In 2022, Wells Fargo said it had adopted a hybrid, flexible model for most of its employees.

Related Posts

  • World
  • July 5, 2024
  • 1 views
  • 4 minutes Read
Amazon Turns 30. Here's How One Bookstore Has Swallowed Up All of E-Commerce: NPR

Amazon founder Jeff Bezos speaks at an event introducing Kindle 2.0 in 2009. Bezos founded the company 30 years ago, on July 5, 1995, in his garage in Bellevue, Washington.…

  • World
  • July 5, 2024
  • 2 views
  • 6 minutes Read
Report finds former social security watchdog Gail Ennis abused her powers

The recently departed inspector general of the Social Security Administration abused her authority and undermined the integrity of her office during an investigation into misconduct, a report by a federal…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

France vs Portugal Prediction, Odds & Kick-Off Time: UEFA Euro 2024 Quarter-Final Predictions From Proven Football Expert

  • July 5, 2024
France vs Portugal Prediction, Odds & Kick-Off Time: UEFA Euro 2024 Quarter-Final Predictions From Proven Football Expert

Amazon Turns 30. Here's How One Bookstore Has Swallowed Up All of E-Commerce: NPR

  • July 5, 2024
Amazon Turns 30. Here's How One Bookstore Has Swallowed Up All of E-Commerce: NPR

Renting a car for a road trip, or driving yourself? 5 things to consider

  • July 5, 2024
Renting a car for a road trip, or driving yourself? 5 things to consider

Report finds former social security watchdog Gail Ennis abused her powers

  • July 5, 2024
Report finds former social security watchdog Gail Ennis abused her powers

How to recognize an AI generated video?

  • July 5, 2024
How to recognize an AI generated video?

A cheap way to bet on Tesla's comeback using options

  • July 5, 2024
A cheap way to bet on Tesla's comeback using options

What is an API and How Do You Develop It?

  • July 5, 2024
What is an API and How Do You Develop It?

AI voice scam call in movie 'Thelma' is a growing threat

  • July 5, 2024
AI voice scam call in movie 'Thelma' is a growing threat

Newlyweds reveal details of their lavish Mexico wedding

  • July 5, 2024
Newlyweds reveal details of their lavish Mexico wedding

How dust pollution from the shrinking Great Salt Lake disproportionately affects communities

  • July 5, 2024
How dust pollution from the shrinking Great Salt Lake disproportionately affects communities

Jobs Report June 2024:

  • July 5, 2024
Jobs Report June 2024: