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
What does it mean when someone doesn’t show up in Teamworks?
I looked up someone in teamworks because I was wondering where they’re located but they don’t show up when I search their name and they don’t show up under their manager’s hierarchy in teamwork’s either. Does that mean something or just a glitch? — 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
Illuminati behind layoffs
They’ve finally come for us
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
Wells Fargo close to forming the dreaded Death Cross
https://www.cnbc.com/2023/10/04/these-stocks-are-close-to-forming-the-dreaded-death-cross.html Way to go Charlie!
Return to Uncle John Stumpf strategy of serving customers!
Finally, we’re returning to the strategy that made us the golden child bank coming out of the crisis having bought the inept failed bank WB, and that strategy is; serve customers baby! Let’s do this! Back to Gr8 and growing the business! — 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....
Can you not get walk- in service in our banks anymore?
A friend in California is moving in to an ADU. The owner of the home will accept rent in the form of CASH only, and the amount is more than he can withdraw from an ATM. This friend does all his banking online. So he said he has tried walking in ... — read more
Nothing useful comes out of town halls
Don't get your hopes up. All you'll get is a lot of disappointment and most likely anger.
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.
"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
Any bets on CS Town Hall 10/4 topics?
One topic: WF is a dumpster fire.
JP Morgan has Jamie Dimon. *We have Charlie the Tuna*.
JP Morgan has the most powerful and influential banker in America. We have his reject. JP Morgan has an outspoken charismatic CEO. We have a secretive brooding shut-in. Jamie has successfully navigated his bank through financial crises... — 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
Bye Bye Columbia.... Wells Fargo to lay off 500+ SC employees, close Columbia office, state report shows
Wells Fargo to lay off 500+ SC employees, close Columbia office, state report shows https://www.thestate.com/news/local/article280033674.html behind paywall: https://archive.ph/25PKX#selection-1051.19-1051.102
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
10/3 layoffs were a LIE
Prove me wrong.
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
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
Tuesday. Bloody Tuesday
It is coming folks. Brace yourselvez
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