Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

401k: WF stock - keep or dump?

For those of you who have considerable amounts of their 401k in WF stock; what are your thoughts right now? Keep? Dump? Murphy’s law says if I reallocate, it will double, if I keep, here comes a major outage or scandal. I’m leaning towards... — read more 

Manager told next 3 months is critical

I had a one/one meeting with my manager. In the meeting, he expressed his concerns about our current project. He said we don’t have time. He requested me to work harder otherwise the team will be in trouble. I am senior engineer in HCOL. I find this... — read more 

Approved outside business activity examples

Would love to hear if anyone has actually been able to get an outside business activity pre-approved with Wells compliance. If yes, what is your business? Looking to start a side business myself but want to try to figure out what will actually get... — read more 

Layoffs today 4/24 in CTO

Entire teams told they were being laid off and their jobs will now be handed exclusively by India staff.

Location Strategy for Risk

Does anyone know where I can find more information about location strategy for Risk? Does it still have to do with the 40 mile rule? I’m in Charlotte but have a Weddington address (suburb of Charlotte but still within 40 miles of Charlotte hub). — read more 

I hate having Wells Fargo on my resume

I hate that it represents more than half of my entire career. I might be imagining things, but it feels like it's ruining my chances of finding another job. I could just be paranoid, but I do believe that our reputation has suffered so much that not... — read more 

RTO is ableist

I am disabled. I have a medical accommodation to work 100% remote. I’ve been with the bank for many years and have always been a top performer. I have recently been informed that if I don’t begin working in office minimum of 3 days a week, I will be... — read more 

QA Roles are Coming Back

Now they realized the importance of testing and QA roles. Chain Shaw's decision is overruled....QA is Coming Back :)

CTO/CS hard freeze

What happened again? Freeze until May 9th… this sh** show never ends!

FCRM town hall

Did they address why the director is remote and why he isn’t subject to the relocation strategy?

Relocation

Did anyone get offered relocation what did that package look like?

Job postings

Why does Wells Fargo post jobs only to ghost people? I applied for a job that I got laid off from. Never heard a word. Applied for another job and was told they were moving forward with other candidates a month later. Do these jobs even... — read more 

A Thank You Note

Wells, Thanks for opening a door. I loved the environment in terms of the buildings, things like coffee machines, the very high tech office we had, the coworkers and for the most part everyone in the building. The campus was like its own city with a... — read more 

Hudson Yards

Looks like Hudson Yards is the place to be https://archive.is/hABaH

Data breach, WF terminated responsible employee

https://ciso.economictimes.indiatimes.com/amp/news/data-breaches/wells-fargo-fires-employee-after-data-breach-exposes-customer-information/109485146 Just realized the link says "India times" 🤔

2/20 layoff

Another 450 let go. Once the data is in for March and April we'll see the numbers ramp up. Good luck to everyone that has been impacted.

WARN notices Google doc

Not saying this is 100% accurate, but is a good place to start. You can then check for your specific state on their employment commission site. This site has a link to a Google doc of WF WARN notices. https://layoffdata.com/company/wells-fargo/ — read more 

TAKE A LOOK AT THE MEDIA FOLKS

All kinds of sc-mmy things WF is on the radar for. Again remember to let all of your families and friends know that for your and others financial safety under no circumstance is it a good idea to do business with Smells Fargo.

Just came here to remind you

That not a single one of you knows what is going on. This is a gossip and rumor mill site. Layoffs are to eliminate low performing and overpaid staff. If you perform you will get a location exception. Don't believe the of this crazy hype.

Layoffs and India/Philippines

Does anyone truly know truly know the salary ratio from a laid off worker to a India/Philippines hire? $100k job laid off here is paid how much there?

Bullying people out of their jobs

Layoffs are expensive, especially if the company is getting rid of employees who've been here for a while. I think they have another strategy that has been playing out simultaneously with layoffs to avoid paying packages. They have been trying to... — read more 

Audit Leadership Update?!?

Anyone know why audit leadership sent out a department wide meeting invite at the end of the day on Friday for a quick call at lunchtime on Monday?!?!?

60+ Smackaroos

Congratulations to all of those who didn't listen to the 1d10ts telling you to sell. We win. The tunnel vision non chart reading and non fundamental understanding losers lose. https://www.thelayoff.com/t/1qnp4th9

Stock Price and LinkedIn Survey

I know the positive news does not fit this Board's narrative. Forgive me for trying to sound a little upbeat. Somehow the fact the stock price again hit the 52-week high yesterday went completely unnoticed. What also went unnoticed is the fact the... — read more 

Iowa WARN Notification 04/16/2024

Iowa posted their WARN notification late Thursday night, but this one looks different than the rest. For example, two weeks ago, the layoff date AND notice date was for 04/02/2024 for five people. This week it shows a layoff date of 6/16/2024 and... — read more 

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| 1643 views | | 1 reply (April 19, 2024)
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