Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

This is not the company I thought it was- Duped

This isn't the company I thought it was. Anyone else feeling duped in coming to work here? All this talk of wanting "new blood" to turn things around, etc. doesn't seem to hold much water now. No teamwork, people stealing your work & ideas, no... — read more 

Officer titles

They say people won’t lose existing officer titles but you know that’s not going to be true. Many that worked hard to earn titles will soon see downgrades.

Location Strategy

The CEO does not want to admit to having a "location strategy." Stress is mounting in US commercial real estate, with distressed assets surging. This is a large driver for forced return to office (RTO). Everyone knows this now. You should be... — read more 

WAVE - shortcut to horizon client?

Is there a way to launch the horizon client directly vs having to go to the d-mb wave workspace one website that never works or is slow af? Whoever runs wave should be let go. True disgrace, we ran better availability on old school vpn concentrators... — read more 

Iowa WARN Notification 10/03/2023

The official WARN notification was just posted this morning for the 10/03/2023 layoffs. Per usual, it was a small amount of layoffs across two sites: Des Moines - 801 Walnut St - 1 West Des Moines - 800 S Jordan Creek Pkwy - 34

New Vice Chairman

Take a look at CS' announcement about the new Vice Chairman. Look at their pictures. Doesn't CS pic just scream "I'm so much better than you minions" and the new guy's picture says "FAFO" ... I can totally envision a conversation where new VC tells... — read more 

Town Hall

Seriously I know that WF is monitoring this post. Someone needs to tell CS how totally insensitive and tone deaf he is to the entire employee population. OMG he does not know what core location strategy is and the impact it has on talented... — read more 

What day is bonus payout?

By my calculation, it’s like Feb 2 or 3. Will be giving my notice the following week, as I have had enough.

Charlie is so easy to read psychologically

He is on a desperate quest for significance and respect, triggered by his demotion from Golden Boy at JP Morgan. Charlie was in Jamie’s inner circle for years, and worked hard for Jamie helping to engineer several deals to vastly expand Chase’s... — read more 

Expansion in Chicago

Surprised to hear that expanding in the Chicago market with Brick and Mortars was a strategy of Charlie Company. A dozen or so to be constructed and some already underway.

Mortgage Processor

Just got news they’re changing our incentive. Have to hit 11 instead of 7 to meet our incentive and decreasing from $135 per loan to $90 …. And they added more to our workload, the closing disclosure communication. AND changing our work hours / next... — read more 

What is Small Banking?

Leaders keep emphasizing CSBB is Consumer, Small & Business Banking. What is Small Banking?

Charlie's Math is Wrong

He just said we are a company of 275k people. Latest numbers show his org in Workday is 237k and change. Hmmm....

CEO Town Hall

Did chuckie boy actuall just call Saul... "Saul Vanburten"?? I swear that's what I heard. ha ha ha I guess the old adage = always start with a joke...is his motto.

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| 2547 views | | 15 replies (last October 5, 2023)
Post ID: @OP+1oVh9C1m

"Inside Scoop" blast email

ARE THEY KIDDING? The first topic of the "inside scoop" is "Empathy can make a world of difference in the world of corporate." SERIOUSLY? So basically the employees that are scared every day that they'll be laid off, get a bad review from an... — read more 

THE INDISPUTABLE TRUTH - ENOUGH IS ENOUGH

This is for the haters, trolls and non believers. So, Read it and weep Trolls. Just the facts!!! The are outsourcing risk and compliance rolls! Lots if UGLY TRUTHS. Any other employee would have been fired. Keep driving this FAKE NARRATIVE of... — read more 

WFC Below 39

Charlie’s “strategy” is an obvious fail. Shareholders agree. What’s the point behind all the damage and and chaos he’s leaving in his wake?? Shareholders should pressure our Board of Directors to put him out on the curb.

So Progressive!!! 400,000 SQ FT in NYC = RTO 5 days!!

“Wells Fargo & Co. is planning to spend $550 million to acquire 400,000 feet of retail space in New York City’s Hudson Yards and convert it into office space in one of the largest commercial real estate deals this year in the Big Apple, Bloomberg... — read more 

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| 2274 views | | 8 replies (last October 3, 2023)
Post ID: @OP+1oUPPULy

Todays Layoffs postponed

The thousands of layoffs scheduled for today have been postponed due to Charlie not having gas for his chainsaw. His chauffeur took him to the gas station but he didn’t know how to put gas in it. He plans to watch a youtube video to learn tonight... — read more 

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| 1912 views | | 2 replies (last October 4, 2023)
Post ID: @OP+1oUGM6Gq

Tuesday Layoffs

If impacted by a layoff today, please list location and line of business on this thread.

Same Rumors Different Year

I’ve monitored this site for 2 years and just like death and taxes, the mass layoff in October is a given. WF has laid off and will continue to, Im not convinced it’s on the to the point that people hype it to be. Anyone who has been laid off or... — read more 

TELLEM WHY YOU MAD! October Layoffs thread

For those impacted by October layoffs. Tell’em why you mad! And details on layoff please. Job Location: YOE(years of experience): LOB: FTE/remote/contractor: Rant(optional) (tell them why you mad!): Don’t provide any information that could... — read more 

Has it started?

I know it's still early, but I'm a nervous wreck over here.

Charlotte CPG email about Ballantyne location

So I received an email from CPG addressed to employees that visit/occasionally use the Ballantyne Brigham building on the south side of town, which I do. Apparently they are closing the Fort Mill SC buildings and attempting to relocate those... — read more 

If you are impacted tomorrow

or in the near future. Take a breath and then crank up the music and dance. I so wish they would take volunteers. Trust the door is closing for a better opportunity waiting to come in.

Columbia, SC layoffs and reducing offices

The rational by leadership for the layoffs, and how we'll be more efficient in the office, can be found midway in the article. https://www.thestate.com/news/local/article280033674.html

Interesting read that will impact your job

I post this because we all know CS is a J Dimon wannabe clone. Since he’s never had an original thought and AI is moving faster than our lazy government, this is inevitable here at WF. I realize we already use AI-don’t come for me. :) JPMorgan boss... — read more 

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