Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Saul, you done f'd up

With those tight pants With choosing Tracy over Jason, you took too many sips there buddy

Hr sending bad links

I worked in Wells Fargo infrastructure for 16 years. I was promptly rejected for an infrastructure position in the city and building I worked n for years. But here’s the kicker. The email generated from workday had the wrong link to... — read more 

Severance and 2nd Job

I am expecting to be released in April and currently work a 2nd job (necessary in this economy). When I am released will my 2nd job nullify my severance package? Worried :-(

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| 1630 views | | 8 replies (last February 29, 2024)
Post ID: @OP+1rj0xgIJ

Manager Span & Control

Anyone know if Span & Control is still a thing? I recall a few years ago that managers were being let go if they had less than 7 people under them. Does that still happen?

Are Sr. Tech Managers and Technology Directors affected?

Does anyone know if Sr. Managers and Technology Directors who are remote will be affected by IT Location Strategy? There are a bunch of them our team reports to. Or does this apply just to people who actually do the work?

CEO town hall—anyone watching

On front row we have SVB and a new guy named Doug who seems to be Cs buddy for 20 years… Interest rate not coming down soo soon like our know it all cfo thinks —he is a joke.. Efficiency agenda —very important topic where this this going — read more 

Taxes on PTO payout once severed

Once severed from WF, unused, accrued PTO is paid in lump sum. So that means it's potentially taxed at much higher rate, especially since it will be lumped in w/a biweekly pay period's wages? That stinks. I have 8 wks of unused PTO and, after... — read more 

Remote employee dilema

Now that I know what my fate is going to be in a couple of weeks/ months, I was thinking why would I complete any task at hand?

CEO Townhall

Will Chuck discuss location strategy and reductions in headcount today during his townhall?

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| 1250 views | | 6 replies (last February 28, 2024)
Post ID: @OP+1rireAfd

Cybersecurity Core Locations

Charlotte Dallas Minneapolis NYC Metro Phoenix/Chandler San Francisco Approval required for these locations based on specialized business needs: Philadelphia/Wilmington San Antonio DC Metro Not growing headcount outside of these area. — read more 

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| 1110 views | | 6 replies (last February 29, 2024)
Post ID: @OP+1riMj7xV

In core location but

What can one expect who is remote in a core location but hesitate to RTO. Termination or layoff?

Multiple LOB Core/Specialty locations

It looks like this is the lay of the land that has been published. Are there other LOBs that have public hub/specialty locations at this point? Technology Core Locations: Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des... — read more 

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| 1450 views | | 6 replies (last February 29, 2024)
Post ID: @OP+1riJlSdq

Privacy Icon

My privacy icon is popping up like crazy today.. every 15-30 minutes, way more than before. Guess I’m destined to be flushed. Pull the trigger Bei!!!!!

is it time to unionize?

I work in a non-core location that has over 500 Wells Fargo employees. The teams I work with are located all over the United States in core and non-core locations. Over my 10+ years, I received outstanding reviews, bonuses, and promotions. With... — read more 

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| 1020 views | | 13 replies (last February 29, 2024)
Post ID: @OP+1riGyVWS

MDP asking to return mobile phones

Forgot to send in the phone —need to go hunting for the work iPhone 6 that I once had.. Are others getting this return notice ???!wonder what they were doing for last 3 years as lob moved to BYOD

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| 780 views | | 6 replies (last February 29, 2024)
Post ID: @OP+1ribqaGg

Video calling

Should Employees (especially remote employees) Be Required to Turn On Cameras during Virtual Meetings? Thoughts??

SDI location strategy

I assume there is a very mechanical rollout call or email that each LOB has to do in order to satisfy any change management or legal requirements. Does anyone know if this has been done for SDI yet? Can't seem to find the formal communication with... — read more 

The Horses 🐎 are out of the barn.

Will there be anymore layoffs? Please Executive Management let us know ASASP, so we can move on with our lives. Time to leave banking.

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| 1439 views | | 14 replies (last February 29, 2024)
Post ID: @OP+1rhPjSs5

Technology Location Strategy Update

The rumored Technology Location Strategy Update hit today, 2/27, as predicted. No surprises on locations. Transition to this strategy “to continue through 2026.” First wave of impacts in Q2. Remote in core/specialty MUST RTO unless “they have an... — read more 

It is official for Technology going forward

Technology Hub Locations Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des Moines, IA Minneapolis, MN New York City Metro, NY/NJ Phoenix/Chandler, AZ San Francisco Bay Area, CA Technology Specialty Market... — read more 

Soooo

If there’s layoffs in Q2, when does that begin. 60 days prior to start of Q2? Hmmmm

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| 1347 views | | 8 replies (last February 28, 2024)
Post ID: @OP+1rhfWWe4

Location strategy just causes more chaos and grief

I wonder what will be the net loss from disruption in workflow, incompetent mgmt incapable of putting teams together and organizing work, lack of clarity and mismanagement of RTO, reorg with so many layoffs, etc. Cost-cutting may end up being a... — read more 

ECMP DOWN AGAIN !!!

ECMP down again and leadership still expects certain deadlines to be met smh

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| 910 views | | 4 replies (last February 28, 2024)
Post ID: @OP+1rhFYzcM

Doug Braunstein - Vice Chairman

So if Charlie needed to hire a new position, Vice Chairman, reporting to him, does that mean Charlie is admitting he cannot do the job? Is he asking the board to cut his pay? I must have missed that job positing on the web site. I wonder how many... — read more 

RTO conflicting messaging

First they want us back in the office in the spirit of ‘collaboration’. Now the message is ‘ limit your time in shared spaces.’ Sit at your desk with your headset on, but you can’t just do that anywhere. SMH.

Credit card underwriting

Laid off mortgage underwriter here. I noticed a posting for a credit card underwriter. Anyone have any experience working in this department? Seems more stable than mortgage.

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| 900 views | | 5 replies (last February 27, 2024)
Post ID: @OP+1rhpPrnn

Waiting for package

I find myself dreaming of getting the package so many disdain… literally hope for it daily. Anyone else?

PTO/ assigned location

How does PTO count towards assigned location? I know it counts as in office but how is it used to calculate adherence to the 50% assigned location? Or is Assigned location only calculated on the days you go in? Didn’t see this answered before — read more 

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| 1080 views | | 3 replies (last February 28, 2024)
Post ID: @OP+1rgOfYrA

I’m waiting for Wells Fargo to have their “AT&T moment” or their “Boeing moment” to expose Charlie Scharf’s dangerous cost-cutting strategies.

You can’t put all your energy in to cost-cutting, mass layoffs which wipe out years of industry experience and stretch workers thin, efforts to force attrition, offshoring, outsourcing, stock buybacks and hiring quotas which focus more on diversity... — read more 

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| 1480 views | | 7 replies (last February 27, 2024)
Post ID: @OP+1rgnWTUs

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