Wells Fargo has fired more than a dozen employees after investigating claims that they were pretending to work.
Wells Fargo, America’s third-largest bank, has recently terminated several employees for using “mouse jigglers” to simulate keyboard activity and create the illusion of productivity while working remotely. This decision, disclosed in recent filings with the Financial Industry Regulatory Authority (Finra), highlights the bank’s ongoing efforts to uphold workplace integrity and accountability.
The bank did not provide specific details on how the misconduct was discovered or whether it was linked to remote work arrangements. However, a spokeswoman for Wells Fargo, Laurie Kight, emphasised the bank’s commitment to high ethical standards, stating, “Wells Fargo holds employees to the highest standards and does not tolerate unethical behaviour.”
The bank reported that several employees resigned or were terminated following an internal review that confirmed the use of mouse jigglers or other keyboard activity stimulator devices. Bloomberg reported that over a dozen employees were affected, with some having worked at the firm for less than five years.
The use of mouse jigglers is not unique to Wells Fargo. The rise of remote work has seen an increase in employees using such devices to evade surveillance. On the other hand, this has led employers to adopt more sophisticated tools to monitor employee activities. These tools can track keystrokes, monitor eye movements, take screenshots, and log visited websites.
Despite these measures, technology to circumvent such monitoring has also advanced. Mouse jigglers, which can be purchased for under $10 on platforms like Amazon, are designed to keep a computer active even when the user is away.
This trend highlights a growing tension between employee privacy and employer oversight.
This crackdown coincides with a broader push within the financial industry to bring employees back to the office. Many firms are transitioning away from the remote work models that became prevalent during the pandemic. According to research from the Instituto Tecnológico Autónomo de México (ITAM) Business School, Stanford, and the University of Chicago, remote workdays in the US have dropped from over 60% at the height of the pandemic to just under 27% in May.
Late last month, Barclays and Citigroup both told hundreds of staffers they would be required to be in the office five days a week starting this month. Both banks said they were reacting to the recent changes in Finra’s regulations that would make it harder for them to keep remote workers.
Wells Fargo’s current situation is reminiscent of its past controversies. In 2016, the bank faced a significant scandal involving the creation of millions of unauthorised accounts to meet sales targets, leading to the dismissal of 5,300 employees and a fine of $185 million.
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