Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

BCP Exercise - all primaries in India

Almost all application primaries seem to be in India. They have a US hr shift in India these days. Quality of work is atrocious. Can never understand what they are saying. Its low end talent for cost savings! Despicable.

My Success and Performance Evaluation Factors

Worriless sleeping Clear conscience Reciprocal gratitude Absence of envy Foamy coffee Crusty bread Inexperienced enemies Frequent laughs No meals alone Bicycling Good digestive functions Periodic surprises Nothing to hide Muscular strength &... — read more 

CS too good to do a town hall?

Typically within a week of quarterly results CS does a town hall meeting. Guess he can't come to grips with dealing with the low life employees outside of the NY bubble yes men eh?

Any truth to severance package changing?

I've been hearing rumors the severance package will be changing and not for the good. That will be significantly reduced. Anyone else hearing this? Anyone know when they could change it (as in annual, whenever they want, etc.)? Does board have to... — read more 

Bring back the 80's

I was drinking a beer listening to the 80's tonight. What happened to this country. What happened to this company. I used to go to work with a suit and tie, work my a-s off, now people don't even talk. I walk around town and it looks like me-h... — read more 

Midyear good news & bad news

Midyear good news: You got meets and mgr refuses to give anyone inconsistently meets (so no one on team gets exceeds, but at this point who cares... survival mode). Midyear bad news: Team is being dissolved and everyone needs to find new jobs. WF... — read more 

Midyear reviews are really midyear competition

Just had my mid-year. I got penalized for not volunteering to do my job along with the job of an open position on another team. Someone else on my team volunteered to do both jobs so I got ranked below that person. I will not sign up for doing two... — read more 

Offshore risk

I can’t believe how many offshore positions they’re putting for risk roles. Let’s just see what happens with that strategy when there’s another big issue.. seriously doubt we’ll get out of the consent orders offshoring risk and compliance senior... — read more 

Retire or Layoff

I turn 60 next year with 18 years at WF. Therefore, I qualify to retire. I do plan to work until 65. Do I retire or wait to be layed off?

HUBS

What are the Hubs they want to transition to? I have teammates in Portland, Denver, Philly and Minneapolis as well as Charlotte, LA and NY

Checking Teams status?

WTF is going on with people checking Team's status? Are they chasing the green "active" dot? I have teams on my laptop and phone and am always available. Why does the stupid green dot matter to anyone?

Strike/Walk Out?

I’m wondering if anyone currently working for Wells Fargo has considered doing a strike/walk out for better pay/improving working conditions? It’s probably naive to think it would actually get them to care about their employees, but I am wondering if... — read more 

lurkers who left..

if you went to another financial institution and are still posting here- could you share where you went? I've been looking for awhile and my base is over 200k so it's slim opportunities for that salary plus being remote.One's like SVB and USAA are... — read more 

Wrong people are being promoted

There are a lot of factors that facilitate WFC’s current less-than-stellar standing and results, but I believe that one of the main ones is the fact that people are being promoted for all the wrong reasons. I believe nothing will improve until WFC... — read more 

Life After WF

10+ years at the WF before the layoff. Just had my 1st review at the new job. My raise was more then the combined last few years at WF. I was thanked for being a hard working team player. It felt nice to be treated like a professional. No place... — read more 

Proposed new Basel regs will curtail portfolio lending

At the big banks, massively. This will hit non-agency mortgage lending hard. Those famous great Wells Fargo jumbo rates could be a thing of the past. Big banks won’t wanna touch portfolio mortgage at all.

People Getting Physically Sick and or retiring early

Wells Fargo used to pride itself for the quality of people they have in their institution. People As A Competitive Advantage or P.A.C.A they called it. Once Charlie changed the title of its Team Members to Employees, everything started going down... — read more 

Funny, But True

One of my teammates got axed and replaced by an offshore person. Funny thing is he is Indian and just got his green card. Irony can su-k.

Inconsistently Meets with a vague write up

got inconsistently meets with a vague write up. issue is that manager who wrote the feedback quit before delivering the discussion or entering then into system. my 2-up pasted in managers comments and chose the rating. 2-up provided no written... — read more 

How are people still getting "remote" exceptions?

How are people still receiving "Remote" exceptions? Either for themselves or their people? When you search someone on the Intranet, you will know they are fully remote when you see this: Physical work address: Remote Remote, STATE ZIP USA

Ethics Llne is "phone a foe"

The fastest way to get terminated is to call the Ethics Line. Ethics don't exist at WF. Proven on a daily basis. Buy a muzzle or duct tape instead. Much better investment.

Let's play the Career Mobility drinking game!

Every time you hear or read about "career mobility" here from management at Wells Fargo and have had yours taken away, down a shot of your beverage of choice! I'm already hammered this morning.

I often wonder why Managers don’t use their power, influence and contacts to take a strong stand against Charlie & Co.

Charlie states he is “transforming our institution while supporting our customers, employees, and the communities we serve”, but you know nothing could be further from the truth. Managers are privy to the e-mails, meetings and plans which prove the... — read more 

Called it: Bank of America

Not only was the bank's fraudulent activity (since 2012) met with swift announcements and fines, now the bank's profits are reportedly up 19%. Two big banks, same fraud, two different results. Why? WF oversold themselves as a trusted brand for not... — read more 

Look at job postings - US vs India

Since I am just waiting for the axe to fall, thought I'd search on the internal job boards. Do a search for Product Owner or Scrum Master and compare the # of avail positions in India vs. US. India-103 US-55 Its like this for every search I've done... — read more 

KK's SSO Town Hall just now...

I'll paraphrase KK: "The company is doubling down on the location strategy, and you'll receive ample notice to apply for a hub job if you're in a non-hub location before you are canned." The writing is on the wall for many of us in... — read more 

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