Thread regarding Wells Fargo & Co. layoffs

Sales back and possible raises

Just received noticed the sales are back. Bankers will have loan volume and tellers and leads will need to have 5 people a week sit with a banker for products a customer won't need a banker for. Also looks like our bonuses will be a joke.

The only plus thru internal notice was they are evaluating current employees pay to make up for the tellers making 15. Those who have been there for 6 years or more make 89 cents more than a brand new teller but since it's 15 to start for tellers and bankers...Bankers will be reviewed and from past things that have happened they will see a raise before leads and service managers. It's gonna get ugly soon too with so many changes to business payroll and dealer services the branches are next. Don't forget they want to close around 800 in the next 2 years.

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| 1481 views | | 4 replies (last May 15, 2018) | Reply
Post ID: @OP+SBW2OGl

4 replies (most recent on top)

Now they call them outreach calls! Lol

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Post ID: @Auzo+SBW2OGl

To the commenter above you do realize those who blew the whistle years ago all got fired right? We have families to feed. You obviously have no clue how a bank works and what loan volume means. It isn't about opening accounts or forcing a product onto someone it's about loans and the amount of the loan and you can't sell someone a loan who isn't looking for one.

They changed the entire system and put in a TON of checks and balances along with requirements for signatures and disclosures so what happened before will never happen again to people. However it's one way to have excuses to push people out.

Not sure if you are aware of this or not but all major banks are strictly about sales. Wells is just in the spotlight but many lawsuits are going after Bank of America right now.

I'm disappointed in WF simply because they said a goal wouldn't be in place any more and they brought back the one that no one can break laws to obtain. However they're set to make billions off the new tax bill and are looking for anyway they can let people go.

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Post ID: @dgbs+SBW2OGl

Where are the Regulators? Here we go again. Fraud is on the horizon. Fraud will never end until you take control of the Bank and make them get new Board members and upper management. You have the power and a responsibility to the US citizens to stop this madness. DO YOUR JOB.

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Post ID: @1cvq+SBW2OGl

I knew that sales quota will be back or that it never went away. The only way to grow is to sell they wanted to lie low after they got caught for fraud but have to make employees steal again to survive.

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Post ID: @elz+SBW2OGl

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