I don’t know why I am even anxious about layoffs. It’s not as if any of us are going to have a career here. If I am not laid off next week or next month, it will happen in the near future anyway. The workforce became just a resource to throw around... — read more
Big Bank CEO's of 8 banks testify before Congress (CS was there), Basel III endgame
Basel III Endgame. Sounds like a video game. It's a real life game where the Feds want to destroy the American dream. If this rolls out July, 2025, I read international businesses will have access to small business loans that American Small... — read more
Wells Fargo Wealth Boss Sommers Takes Home $10 Million-Plus
11 percent increase, $1m+. Does anyone else get an 11 percent raise. Just one other small detail, Isn’t it nice to know that he is laying off 100s of people while he gets millions. People have to put food on the table for their families here in... — read more
Take the time to whistle blow
Are you aware of illegal activity, like using "Legal Recovery Set-off" to increase fee collection? Or gaps in RCSA implementation that leave vulnerabilities while time is taken to rewrite controls? What are the details about forcing people into... — read more
Hire More In HR to handle the load
Other companies can get rid of 5,000+ in a single day. It would be nice to get this distraction out of the way. Why not hire some temps to help with the HR bottleneck, rip off the Band-Aid and get this over with?
Congratulations C H A R L I E
You are the C E O of the first Bank EVER to unuionize. You have created such a miserable and toxic work environment the branches have struck back and are now unionizing. 5 branches have voted to unuionize and 5 more are preparing to vote. This is... — read more
Oregon
How much longer do non-branch employees have before closures/layoffs? Any Portland metro updates?
Can we please get back Nate Herman
Psycho that he was, atleast Nate was decisive and clear in his strategy. Sweet Kiker is just a townhall cheerleader bumbling with the p-m-poms.
Any info on DSRI layoffs?
Has DSRI location strategy been announced? Will there be layoffs in DSRI lob? Thanks for the info.
Wells…the stagecoach broke down…
Are there more layoffs?
Commercial Banking Location Strategy
Kyle sent an email today finally. Three groupings 1: Strategic market and most new non-client facing positions will be posted in these markets: Charlotte, Dallas, Des Moines, Minneapolis, NYC/NJ Metro, Phoenix/Chandler, San Antonio, Salt Lake... — read more
More Deleted Posts
Looks like TL.com is more in the pocket of Big Corp than they want to admit and are removing posts for no reason. Good thread earlier today about DE&I is now gone; it had solid points about WFC abuse of the concept that needed to discussed. Way to... — read more
Location Strategy Exception
I am in a non-hub location. While the location strategy was announced, I was told my role was identified for an exception. However others in my city are being laid off. So…how long does this exception last? I cannot post for any other positions, as... — read more
3/12 Cards & MS Town Hall
How old is Ray Fischer? (Serious question) He's never heard of Imagine Dragons?
California Lay Offs
When is the next round for California COO Remote?
Unable to access company network
Am I laid off?
Anyone in SPCM with any insights?
Looking to see if anyone in conduct management has any insight. They pre-noticed 2 remote folks on March 5- after saying for months it was “years away.” after reading these threads I’m not sure if I should be holding my breath every other Tuesday or... — read more
CEO M.I.A
Have yall noticed the CEO has not been in a corporate meeting with us since 2021? The last time he was in a meeting with the entire company staff, was after he made the announcement of layoffs back in 2020. The meeting after that, he was being... — read more
I'm getting so tired of this
I don't want to work at a place that is driven by fear, gaslighting, and a toxic environment. There isn't a single redeeming quality to WFC anymore. Even the pay is no longer the draw it once was. I would accept a new position for less money... — read more
What’s with all the LinkedIn emails?
Nope! Pay my severance. More than a year. I’ll take my time to be better.
Layoffs abound
Here’s the reality, expect it no matter what your circumstance is. Location strategy is only one variable. Wave 1 remote folks not in a hub location Wave 2 folks in a office not a go forward location Wave ‘anytime’ where you are remote, non core... — read more
Opening up the India discussion
It’s bad enough that we have to work with low performers who don’t have the same consequences that stateside teams do. But now we are getting blamed for their low performance. That was the last straw for me.
CRE biggest risks
https://www.visualcapitalist.com/which-big-u-s-banks-have-the-most-commercial-real-estate-exposure/
It’s Tuesday
Are you ready?
Impact Notifications
Was told today my position is impacted by the location strategy and details of the impact will be shared prior to the end of Q2. No other details given. Thank you for the information. I guess I will 'wait and see'. Anyone else get this... — read more
P5 what’s next
If you are a senior lead role P5, what is next in the org of employment. The new titles of Executive Director for this role basically is pigeon holding you in this category bc what is the likelihood you could apply to senior manager to maintain this... — read more
Severance Package
Has anyone negotiated the terms of their severance package? Any success? Charlie wants you gone so it is a win/win
Layoffs this week
How massive do we expect it to be? Which depts? I am very nervous about it.
Wells Fargo Abruptly Terminating Customers’ Bank Accounts
Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices... — read more
Job levels P1-P5
Between two jobs if the pay range is similar, but the P1-P5 job level is different - Is that what impacts bonuses/bonus eligibility? Looking thru HR site and it must be buried - can’t find anything.
What About Middle Market Bank (MMB)???
With all the layoff hysteria going on at WF, does anyone have any insight, at all, what the story is with those in client facing and credit underwriting positions within the Middle Market Bank??? I “assume” this bank still wants to generate... — read more
3/19
Going to be bad across tech, risk and csbb.
ITV Leader
ITV leader switching roles, seems fishy.
BCP call notification
Hope you all are enjoying BCP call notifications. People who are let go doesn’t have to take that anymore. Automation served at best.
Keyboard and mouse
What’s up with all the emails about keyboard and mouse manipulations? Is this the next fear tactic?
Charlie is here to stay
Since there's no change in sight and his favorite (or more like only) tool is layoffs, I've decided there's no reason to waste any more of my life here. I know people keep saying that the job market is horrible right now, but I plan to start applying... — read more
I would like to hear for managers
Do you defend your employees from return to office , location strategy and morale ? What does upper management say??
Can’t quit you…
After months of reading posts on this site, I got laid off on Tuesday. I was planning on giving notice after the bonus was deposited into my account in February, but then decided to wait until 3/19 to allow the promised EA reorg to run its course and... — read more
RCSA One Time Award
I just got notified that I have been selected for a one-time cash award. It did not have any further detail on the actual amount. Did anyone else get this, could u share any additional detail?