By all indications Tuesday 3/19 will be a huge layoff day. This gives Charlie a big talking point for the quarter, and the ability to say he is not done yet. This will drive future effeciency gains by prompting more resignations without having to... — read more
Use this time to look for a new job
Too many people wait until they're laid off to start searching. It'll never be easier to find a job than when you have one.
Internal investigations India.
Can you imagine being interviewed on a matter by a person in India or the Philippines? Conduct Management Enterprise Investigation is displacing Investigators. This is going to be the biggest joke. “Best” of luck to you WF. Talk about consent... — read more
What has become of what used to be the most iconic American bank?
I truly and deeply grieve for the loss of the company I used to love and spent over two decades of my career supporting. Now I watch in horror as the b̶a̶n̶k̶ "firm" is being rebranded, moved from the pioneering American West to the establishment... — read more
Wells Fargo Advisors is getting ran right into the ground
Removing most operations and dismal estate processing is pi----g off the next generation of investors. The whole Finet unit is a shadow that does no work whatsoever. The leaders are losers and are only out to save their jobs. It’s just a train... — read more
Sol G money-wasting karaoke machine
For Wells Fargo Advisors peeps- how much more of Sol G's obnoxious, weird weekly newsletters where is he traveling the country forcing people to karaoke. This week was Nashville-forcing employees to get on stage and sing karaoke yet again. Next week... — read more
Termination during ongoing allegation process
I opened up an age discrimination allegation against my skip. Do I have any rights if I get terminated or laid off before the case concludes?
Bank of India
You know it, i know, everyone knows it. I walk around the state side offices and it looks like India. Indians packing the place with other Indians. You look at all the posts, India. You look at the 50K+ in India and the thousands of postings... — read more
WARN Database - Wells Fargo
Is this data accurate? Is it not? Work together please. https://docs.google.com/spreadsheets/d/1UDjtd3Rt-0OU-35Ykms6m45VQCLYv6wczwt79PoTZmk/htmlview
Is this a forced recession?
Something tells me these layoffs across the country are meant to force a recession. We thought the economy would cool after COVID and interest rate hikes but that hasn’t worked so let’s just can everyone. It’s no secret that companies want interest... — read more
I'm in Technology
I'm in Technology and my manager pinged me today to discuss my future here at Wells. I was told either next month or the latest in May I will be displaced due to me remote and not near any of the hubs. I'm kinda surprised that I got a heads up... — read more
Casino is coming to HY
Could this be the reason why they’ve invested into HY? https://nypost.com/2024/03/13/us-news/wynn-resorts-unveil-renderings-of-massive-12b-nyc-casino-complex/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons — read more
Today's Top 5 Cities on WF Jobs Board
Top 5 cities with open positions on today's Wells Fargo jobs board: Bengaluru, India (300) Hyderabad, India (266) Charlotte, NC (193) Minneapolis, MN (72) Chennai, India (58) Wonder how many employees in non-core locations were displaced this week. — read more
Super Tuesday
Everyone ready for Super Tuesday? Looks like it's going to be significant. Charlie has got to make an impact for 1st quarter.
Formal Notification
How is everyone getting their formal notifications? I received a pre-notice on March 5th and was told I would receive a formal notification “mid-March.” When should I expect my formal notification and how will it come? Mail, email, phone call, etc?... — read more
Roseville, Ca closing?
Is the Roseville, Ca building being closed? Roseville Park way
California Collections
I heard all California collections gone first week of April.
Heard another consent order is being lifted
Just heard another consent order is going to be lifted shortly. Fantastic work Charlie.
Does anyone else in US report to an indian manager in india?
Had a strange suggestion that management was going to reshuffle the team and parts of our group would now report to India management. Anyone else heard of this? And how did that all work out?
Horse Jockey says, time for the stagecoach & horses to be set free.
When will the layoffs end? Are there more layoffs coming? It would be nice to know. Thoughts???
What to do with old stuff
Once we are gone, what are you going to do with your wells stuff. The lucite cubes for years of service, pins , coins. maybe box it up and send it all back once the severance is up maybe. burn it. who knows.
RCSA....
I can't be the only person that gets paranoid when management meets with RCSA, right? Two different areas I have worked in start working with RCSA and then layoffs and reorgs hit as soon as they are done.
It was never about the company
I have spent the majority of my career at Wells Fargo, believing that it was about helping the company. Believing that I could make a differance for Wells Fargo. I now realize that it was never about Wells Fargo. The only thing of any real... — read more
Failing up
This doesn't happen always, but so far I've noticed twice in several years that managers who made significant missteps, one of them a rather expensive one, were rewarded with promotions. How and why does this happen? I don't know that they're related... — read more
4th major outage in a year under TK.
What they are doing in tech isn’t working. It blows my mind that TK isn’t being held accountable for this and that there is no pause and analysis of the impact of layoffs and pushing everything to the cloud is having on the stability of tech... — read more
Layoffs in Financial Crimes
Too low down the chain to know anything, so please post if the upcoming reorganization will include more layoffs than what is occurring throughout the company
Fake it until you make it?
Anyone else noticing promotions and reassignments that make you scratch your head? Some of these chaps have limited experience, aptitude, mediocre communications, and frankly lack executive presence. What gives?
Manager dual reports between different LOBs
Our manager has a dual reporting relationship across two completely separate LOBs. Do us peasants have the privilege of claiming dual reporting as well or is it just reserved for the direct manager? Asking because each LOB has a different location... — read more
Where is everyone applying?
I was looking at US bank but salaries were too low. Citi just seems like a sh-t show right now. Where is everyone applying?
Relocation does not guarantee job security
Unless you live in a completely dead job market it’s really not worth it. I have a coworker who was asked to relocate to a hub in 2022 when he took the job, but now ‘efficiency’ cuts are hitting everyone. It’s not worth it uprooting your life only to... — read more
🆆🅴🅻🅻🆂 🅵🅰🆁🅶🅾 🅵🅰🅲🅸🅽🅶 🅽🅴🆆 🅱🅰🅲🅺🅻🅰🆂🅷 🅾🆅🅴🆁 🅰🅻🅻🅴🅶🅴🅳 🅵🆁🅰🆄🅳🆄🅻🅴🅽🆃. 🅰🅲🅲🅾🆄🅽🆃🆂
Wells Fargo facing new backlash over alleged fraudulent accounts https://m.youtube.com/watch?v=7rwyNucSuWg&pp=ygUWd2VsbHMgZmFyZ28gMjAyNCBmcmF1ZA%3D%3D
Conflating Location strategy with Efficiency Strategy is Asinine
All communications about Location strategy from upper management have been geared towards preparing employees for how they'd be impacted. Communications have been quite tasteful and considerate. Unfortunately, many people on this site are too... — read more
Heightened Awareness
Oh Boy. Here we go again….
So thinking of double dipping
Was offered a contract position at another big bank, but I am trying to figure out how Wells would find out. I am not planning to update my LinkedIn or talk to anyone else on my former team about what my plan is. I have about 45 days left for my... — read more
Location Strategy Q&A
Yay another meeting where we will learn nothing...
Remote Role in EFT Impacted by Location Strategy
Had a call with my manager who was reading from some document or email telling me that my remote role is impacted by the location strategy. Manager could not answer any questions about timeframe and I was told that "something" could happen in a... — read more
So this is the plan huh?
Aggressive location strategies followed by backfilling with Indian and Philippine team members? That’s Sharts big brain plan? We finally start getting out of regulatory scrutiny and the guy plans on upending the families who did the leg work? And... — read more
Location Strategy Hits COO
Got our initial contact from management last week for impact of Location Strategy. Three Options: Relocate to new location (MN, IA, or NC) Commute to 1 of the above locations at your own cost 3 days/week Accept Severance Package. Happy... — read more
Tech Control Layoffs?
Anyone know if they happening? No new hiring in a long time. Central teams are being shrunk. What will happen in Tech Controls????
Where did the post go about WF terminating bank accounts?
Seems the admins of this site are obv biased against conservatives. Who else would remove a post that was in any way pro-conservative? It is an interesting article that shows how WF is also biased against conservatives and is actively discriminating... — read more