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Posts mentioning hashtag #banking

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@OP+1k65v2bkx: Your frustration with the 8-hour RTO mandate is spot-on—expecting 4am office arrivals for India calls is absurd and screams mismanagement. The badge-tracking data, as you said, is a legal landmine; law firms could feast on it for discrimination suits (e.g., targeting women or over-40s, per @av
). Morale’s in the gutter—Glassdoor’s 3.7/5 culture score and 2025 Worker Stress Survey confirm it. @bm ’s right: this isn’t about coffee badging but execs chasing stock prices while alienating talent. Wells Fargo’s solid on paper (A+ Fitch rating, 5-star BauerFinancial, >10% CET1 ratio), but its toxic culture—echoing Tolstedt/Stumpf days—drives churn.
To show regulators and outsiders how bad it is: Log RTO impacts anonymously (e.g., Google Forms) and tip CFPB (consumerfinance.gov/complaint).
Flood Wells’ engagement surveys with blunt feedback—leak results to media.
Post on X (#WellsFargoRTO) or Glassdoor to amplify.

Collective action is key—solo moves risk retaliation. @aa+1k66fwnj9, keep planning that exit; this bank’s stable but broken. #RTO #Morale #Banking

@OP
+1k66fwnj9: Your point about employees “checking out” and doing the bare minimum under Wells Fargo’s RTO policy rings true, and it’s a symptom of deeper issues. I wouldn’t call severance a “golden parachute” either—those are reserved for executives, not the rank-and-file waiting out retirement. The churn you mention, especially among younger talent, aligns with what I’ve seen: Wells Fargo attracts good people with competitive pay and benefits but loses them fast due to a toxic, command-and-control culture. @aa+1k66fwnj9, you’re wrong. The bank’s reputation is not universally “evil” --especially outside these walls—millions spent on PR post-account scandal helped. But let’s look at the numbers to see where Wells stands. Using the following prompt to evaluate Wells Fargo’s performance:
"Provide a detailed evaluation of Wells Fargo’s performance as a bank, focusing on its financial health, regulatory ratings, credit ratings, and customer satisfaction. Include regulatory assessments (e.g., CAMELS, stress tests, asset caps), credit ratings (Moody’s, S&P, Fitch), insights from research/surveys (e.g., ABA, BauerFinancial), ‘too big to fail’ status, and key financial metrics (e.g., ROA, capital ratios, revenue growth). Use recent data and cite sources like FDIC or Federal Reserve where applicable. "Here’s the reality: Wells Fargo is financially solid but struggling with trust and morale. It’s a G-SIB (“too big to fail”), with ~$1.9T in assets and a 2.5% capital surcharge, passing 2025 Fed stress tests (CET1 ratio >10%). Credit ratings are strong: Fitch (A+, stable), Moody’s (A1, stable), S&P (A-, stable), reflecting resilience despite litigation risks. BauerFinancial gives it 5 stars for safety, and ABA surveys show 94% customer satisfaction with service. But dig deeper—consumer reviews (e.g., WalletHub) average 2-3/5, citing fees and poor service. Accenture ranks Wells mid-tier for digital experience, and employees on boards like this echo psychological strain from rigid management. This bank’s size and stability draw talent, but its culture—evident in RTO pushback and your “checked out” colleagues—drives them away. @aa+1k66fwnj9, you could retire and thrive elsewhere, like I did, building a business with less stress. Management’s policies, from RTO to past scandals, keep morale low and risk another PR hit. Charlie’s leadership may not land him in jail, but 200,000 frustrated employees venting online isn’t helping. My advice: set boundaries, plan your exit, and don’t bank on a “parachute” from a bank that’s stable but stuck. #RTO #Morale #Banking

RTO policy isn’t going to make people quit

Most of the people in my building are 50+, many 55+ and 5-10 years from retirement who have long checked out and are just waiting it out for either retirement or to get their golden parachute. RTO is only making people more checked out and they are just doing the bare minimum and playing the game while cashing their paycheck which I see no problem with. The only people I see who might leave are a few younger ones who might be able to find remote work but those are definitely the minority. Another failed policy from WF and management is always wondering why this company doesn’t attract talent and morale is low….

#RTO #Morale #Banking

8hr a Day? Bridget and Charlie...the new Tolstedt and Stumpf

My group wasn't told this, who said this? I have most my calls from 6am to 10am with people in India. Do they expect me to get up at 4am to get to the office by 6am to take these calls? It's not going to happen, and i don't like threats. A word of warning to management. You track this stuff, you now have discoverable data that any outside law firm can get a court request for.. They will love to slice and dice that data to see different classes of workers doing different hours. Law firms love suing big banks for stuff like this, and with data like this, its a gold mine.

#WorkingHours #RTO #Policy #LegalIssue #Banking

ISO 20022 layoffs

Is someone/anyone getting laid off for the sh-t show that was ISO 20022 wire debacle? Touting that they worked on it for 3 years and the roll out in July was horrible, and still having impacts to our customers because the vendor we're using can't handle the volume. Calling the wire room is useless as you can call 3 times and get 3 different answers as to what is going on

#ISO #Layoffs #Banking #CustomerExperience

OceanFirst Bank announces 114 job cuts in mortgage shift

  • OceanFirst Bank to lay off 114 employees
  • Cuts tied to exit from residential loan origination business
  • Bank to partner with Embrace Home Loans for mortgage services
  • Move follows recent hiring in commercial banking expansion

https://njbiz.com/oceanfirst-bank-layoffs-nj-mortgage-shift/

#Layoffs #WorkforceReduction #Banking

Leave Traditional Banking Job For Fintech?

Howdy,

Got an interview request to do cyber controls/risk work with a "crypto leader." Recruiter is being coy about which firm but I figured I'd post here for thoughts.

Anyone here have info on how the gov/risk/compliance departments are here? Would you recommend leaving a similar job at an established top 10 bank for a riskier job in this space for an 80k pay bump plus equity?

I did see there was a 20% layoff in "crypto winter" 2023 but my current company had a bigger layoff in recent years so not sure how worried I should.

#Banking #Interviews #Finance #JobHopping

If there was ever a time to offer voluntary displacements...

The bank wants its on-shore employees to be gone.

Many (most?) of these same employees hate their jobs but are unlikely to leave due to the current job market. It's hard to spend all day in a job you hate and then find the mental/emotional energy after getting home, dinner, etc to job hunt. It's not impossible, but difficult.

Enter severance.

If the bank is worried about high performers leaving, they can stop worrying. Disengaged employees are not high performers. People perform highly when they like their job.

Nearly all employees that would take the voluntary buyout are exactly the employees the bank wants gone anyway.

The bank keeps hoping that people will leave on their own. It's not going to happen. Wells needs to take lead on this.

Until then, the armies of unhappy employees will continue to do the bare minimum. I don't understand how the bank sees this as the better option.

#Severance #Displacement #Layoffs #Banking

Marketing Data is taking WAY too long with layoffs

Due to both offshoring and reorgs, this org finds itself overstaffed.

It's incredible how long this is taking to correct.

Most will retain their jobs, but getting rid of the relatively few unproductive folks shouldn't be this difficult.

Wells would rather continue paying salaries, benefits, and bonuses to these people 🤷 🤡

#Layoffs #Reorg #Offshoring #Banking

Goldman Sachs laying off 343 employees in NYC

.Goldman Sachs has implemented a fresh round of layoffs that will affect 343 employees at its global headquarters in New York City.

According to an amended WARN notice filed with the New York State Department of Labor on Monday, the layoffs began on June 22 and will continue through October 14.

Per the notice, the layoffs will affect about 3.4% of the 9,965 employees who work at Goldman’s New York City headquarters.

https://citywire.com/selector/news/goldman-sachs-to-lay-off-343-nyc-employees/a2473793

#Layoffs #WarnNotice #NYC #Banking

Bremer Bank Layoffs 2025

Bremer Bank to lay off 244 people in Minnesota
https://www.fox21online.com/2025/09/08/bremmer-bank-to-layoff-244-people-in-minnesota/

Bremer Bank has notified the state of Minnesota that it intends to cut 244 positions in Duluth and Lake Elmo.

Company: Bremer Bank
Laid off: 244

Duluth, MN, Lake Elmo, MN
09/08/2025 4:28 pm UTC

Area: Finance

#Layoffs #Banking

BNY is just a job

I’ve learned the hard way not to get emotionally attached to a company. Treat it like a job, not a family or a mission. Give your best at work, but don’t let it control your life or define your self-worth. Trust me, nothing good comes from being a company cultist. You'll be laid off just like the rest of us when the time comes.

#Banking #Layoffs #Culture #JobSecurity

CEO shaking things up!

Good for the CEO — he made some bold choices about his directs.

Hopefully he will hire at least a few military veterans with banking and/or insurance industry experience as he reshapes the EVP cadre.

It’s surprising that in recent years, USAA didn’t have a single person who served in uniform on its top leadership team.

With so many EVP roles now open, this is an opportunity to find talent that truly knows what it means to serve.

#Leadership #Banking #Insurance

Weird Job Market

I’m recently impacted by the layoffs, and as I’m looking for a new job, I see that the market is very tough. There are a lot of jobs in the banking sector, and they are only for USC or GC. They’re not offering the jobs for visa holder, but the same job is offered to contractor on visa through c-2-c consultancy.

#Job #Market #Banking #Tech

JPMorgan Chase to lay off 99 San Francisco workers

JPMorgan Chase, which reported $15 billion in profit last quarter, is cutting 99 jobs in San Francisco even as it expands its presence downtown.

The bank disclosed the layoffs in an Aug. 27 filing with the state of California.

https://www.sfchronicle.com/bayarea/article/jpmorgan-chase-san-francisco-layoffs-21020377.php

#Layoffs #SanFrancisco #Banking #California #Cuts

When you have a proper CEO

Standard Chartered CEO Bill Winters is standing out in the global banking sector by maintaining a flexible, hybrid work policy and resisting the rigid office mandates now sweeping through much of Wall Street. As peers from companies like JPMorgan Chase and Goldman Sachs urge staff back to traditional office rhythms, Winters has doubled down on a philosophy of employee autonomy and trust, placing his bank in sharp contrast to its U.S. and U.K. peers.

https://www.aol.com/finance/banking-ceo-breaks-pack-return-173930500.html

#CEO #Banking #WallStreet