Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

What’s the point?

Beyond leadership and stock owners' bottom line, what’s really the point? It doesn’t seem that individual performance matters. Nobody cares about mgmt competence. Nobody is proud to be a part or a lead of a successful team. Nobody is trying to make a... — read more 

Workday reset my time in job after re-org

Now in spite of being in my job for 5+ years a re org has set my clock to 0 months workday. New manager is terrible and he gets notified of every application and has the power to approve or reject my application. So frustrated...I hate workday

Unsolicited advice from a layoff vet

I've been in IT for 25 years and have been laid off 3 times. I anticipate being laid off a fourth time here due to "location strategy". My first layoff was in 2009 after the company I worked for was purchased by private equity and they canceled our... — read more 

Not everything is our fault

I'm all for holding the bank accountable for what it does wrong, but in this case, I really don't think that customer stupidity should be rewarded. I'd be embarrassed to sue for something like... — read more 

The Layoff Blues

I saw this on LinkedIn. I'm not a member of LinkedIn, but was looking on LinkedIn with a friend. I like this quote, but honestly I am scared because so many people will be applying for jobs. Everyone says the job market simply is not great right... — read more 

WFHM LAYOFFS?

Any numbers on the home mortgage layoffs? I Know a few that were let go yesterday

Bloomberg vs. Scharf

Michael Bloomberg recently donated 1 billion to John's Hopkins Medical School. That donation allows many students to attend that prestigious medical school for free. Think of the enormous value that donation brings. Meanwhile..Charlie Scharf... — read more 

Shared Services Operations lay off on Tuesday

Get invite to a quick call yesterday morning to let you know you are done, quick shut off and you are done. I love it when they tell you, it is nothing personal, you are great, but it is business decision. our group got sla-ghtered and let go of... — read more 

Random last minute invite?

Woke up this morning to a random 20 minute conference call meeting invite with 50 other GTM people. HR is also on the invite, so I’m assuming this is it. I suppose I won’t be doing anything else for the next 4 hours.

Ageism is real

Ah I too miss the good old days when those who were older and had experience could finally make a good living, use their years of experience to lead important work and give support and guidance to the younger folks. When I was young, I greatly... — read more 

Wells Fargo Wealth Management Downsize

Wells Fargo has downsized its Wealth Management division, affecting the National Wire Team. All of the initiators were laid off except for one associate. The layoffs occurred on the same day as a promotion. One associate had just returned from leave... — read more 

Layoffs on a monthly basis

Is this the new normal? No more one or two major rounds per year, but instead regular layoffs on a monthly basis?

We live on

As the dust settles after today’s layoffs, it’s opportuone moment to reflect on critical nature of our role in the risk fucntion. I can’t help but notice that those of us who are still here have consistently demonstrated our commitment to... — read more 

2 week notice

Lately a lot of folks in audit are leaving especially at the AIC level and not giving two weeks notice. What happens if you do not give two weeks notice? Are you automatically not eligible for rehire?

COO

The next rounds of layoffs just started. I was just displaced in COO this morning.

How much notice do managers get?

This question is for those managers who have had to let go staff. How much advance notice do you get that you will need to displace someone? A day? A week?

Retirement or layoff

A month ago a manger sent notice that one team member is going on retirememt. We were all notified on Tuesday non-paying week. The retirement was to take effect beginning on that date. Two weeks ago - another manager did the same. He notified the... — read more 

Ops Centers closing ?

Has anyone heard about operations centers closing in the future? Shoreview, Oxmoor, etc.?

MS in WF

How is merchant services lob in WF? In terms of leadership, work life balance , tech stack, promotion etc. compare to other departments

Now or later layoff?

Waiting to be laid off as you know your site is closing is annoying. However, I'm now wondering if I should have more patience(slight gasp). 60 days then severance. It would seem better to not be looking for work during the holidays. I'd rather make... — read more 

Experience going to the Regulatory Agencies

Anyone have experience going to the regulatory agencies with concerns and complaints about their treatment at the bank, or the bank in general? What is the intake process? How were you treated? Any feedback to share?

Salary Negotiation if applying as external candidate

I was laid off on 5/28/24. I am currently interviewing again for WF (do not ask me why - because I have bills to pay and unfortunately I did not get any lead yet in orgs outside of WF). My notice is ending on 7/26/28. HR informed that if I am not in... — read more 

Soft Reference question

I have an acquaintance who was a high performer and left after enduring a toxic environment & unsupportive manager who retaliated behind the scenes, setting them up for an eventual layoff. No PIP, etc, no write ups, just making it look like they were... — read more 

Fired

Manager called me in the break room this morning and gave me the boot for performance. Had me work MOST of the day could’ve just told me when i arrived at 6 am. Best thing she ever did since becoming the manager. Make sure you’re meeting ALL the... — read more 

401k during displacement

Curious, if you get laid off. Will Wells still match up to 6% during your notice/ severance period? Will benefits still be applied during this time or do they stop and if so at what point?

Global operations tumbler

I received a giant Wells Fargo Global operations red tumbler. It's so big, that seriously someone could die drinking that much water. I read that two people in 2023 died from drinking too much water. Someone sitting with me when I opened it said... — read more 

Somedays it's not worth caring

Wanted to turn over some work to my manager and downstream partners early, just in case it's "my Tuesday." But wouldn't you know MS word is throwing errors, VPN won't stay connected and the platform to upload the work it's apparently on vacation... — read more 

Winston Salem , Assigned, workspace, and parking

WEC. if there’s so many senior people that have been affected by the location strategy how come there’s no A Lot or B Lot parking or assigned workspaces anymore with so many empty cubes around🤔

Has anyone ever won an ER case?

Based on what I have read on this site, it seems futile to even try and file a complaint? Has anyone ever won a case, and if so what made it so? What happened afterwards, were they displaced later? That’s the rumor. A couple of us think we found... — read more 

Wells Fargo Analyst order 75 Burrito Bowls

https://www.foxbusiness.com/lifestyle/wells-fargo-analysts-weigh-chipotle-portion-sizing-restaurant-chain-faces-backlash-online How can i land a job like this. Ordering 75 burrito bowls from Chipotle to test the weight variation. What a standard... — read more 

Merchant Services

I was displaced in July of 23 and Thank Goodness i was. Life is so much better! Merchant Services is a sinking ship. If you get a chance to jump ship do so ASAP!

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