Can anyone share their experience with accepting a position that required relocation as part of their offer and when you had to relocate? I’m considering a position that would require relo and I will not end up relocating. Just wondering how long... — read more
Merchant Services Layoffs
Wells Fargo slashed it’s Merchant Services Sales team by 60%. Glad to be pushed off that sinking ship. I’ll take the severance pay and look forward to my next move!
550 S Tryon - Charlotte
Do they want us back in?
Wells Fargo to lay off 103 workers at Orlando office
One of Central Florida’s biggest banking companies is laying off more than 100 employees in Orlando. Wells Fargo filed a notice on Tuesday with the Florida Department of Economic Opportunity that it would lay off 103... — read more
Job offer
Does recruiter or hiring mgr typically set up call to extend offer? What is duration of scheduled call?
Emails
Does anyone at Wells Fargo know how to write a clear and concise email that has no ambiguity? This is what I miss most from my old firm. Everyone knew how to write short, simple, and complete emails that made sense. Everyone here is either paid... — read more
Commercial Banking Layoffs
Anyone heard when MMB layoffs will occur for the front office credit teams? I thought I heard it was going to be this week but Tuesday seemed to be the centralized teams instead.
Take Them Back
Can y’all please take back all your failed “leaders” that y’all pushed out? Those no talent a-s clowns have invaded USAA and they suuuuuucccccckkkkkk dirty bootyholes. They are completely destroying the company in record time. I’ve never seen a... — read more
zz'd then not zz'd
Someone reached out to me because the person they tried to contact about a problem was now zz'd. I looked and sure enough she was zz'd. But she was also green on Teams which seemed odd - but thought maybe this just happened and she was finishing the... — read more
Story on layoffs
Hi there, My name's Yowei Shaw and I'm a journalist working on a story for the podcast This American Life (www.thisamericanlife.org) about layoffs, after getting laid off myself from NPR... — read more
Are other departments allowed to call India??
It’s beyond belief, but we are not allowed to call them - don’t even have a phone #. I’m in an area where certain work is time sensitive and involves a lot of money. We are also working with archaic systems that haven’t kept up with industry... — read more
Managers are forced to monitor if employees go into office
Managers are forced to monitor if employees go into office. If they do not they will be reprimanded. If you do not go into office, your end of year review and bonus will suffer even if you are an outstanding employee. Then get rid of people after... — read more
Teams never works
This system is in the top 5 worst decisions within the last few years. Why won’t it work???????????
RCSA: Is this where our careers will go to die?
Back in June, Santomassimo said that, "as attrition has slowed down, there could be some onetime expenses by the end of the year in terms of severance." A lot of RCSA efforts will be finished by EOY. Will those of us working on RCSA be targets of... — read more
Mortgage HUBS
Are there any plans to close any of the mortgage hubs as it relates to sales and HMC'S part of that?I know the one I am closest to, barely anyone goes there, maybe 1 or 2 at the most. This location was made HUB last year and I know there are still... — read more
BANKS EARNINGS REPORT FRIDAY BEFORE THE BELL
Should be interesting to see how we fair this time around. Earnings Friday before the bell. Can we get back up to 50 or ???
Manager going around contacting my current managers are maligning me.
I've found out that someone I worked for in the past has been going around contacting my current managers and maligning me (for nothing to do with performance or professionalism). I performed well for them & treated them with respect. They just have... — read more
Charlie Scharf "Efficiency" Investigation Follow-Up
For everyone who took the time to air their grievances under my last post, please reach out! I can offer you full anonymity and ensure that only quotes you feel comfortable with are published. Media coverage is the best way to ensure that your... — read more
Wells Fargo Hub Strategy
Do you think Wells will start the Hub location strategy again? I’ve noticed a lot of layoffs in areas that are not in their prime locations. I am not in a hub location technically but there are major corporate offices in my city. The Hub... — read more
Bank of America fake accounts
Will they get an asset cap, or is it only Wells Fargo? https://www.consumerfinance.gov/about-us/newsroom/bank-of-america-for-illegally-charging-junk-fees-withholding-credit-card-rewards-opening-fake-accounts/
It’s Tuesday…..more mortgage layoffs
Be ready …. 7/11
Wells Fargo promotes Dawson Her Many Horses, head of Native American banking, to MD
https://fortune.com/2023/07/10/wells-fargo-dawson-many-horses-native-american-banking-managing-director/
I don't buy layoff reports
Nobody is being laid off today to my knowledge. I don't know why some of you are trying to stir up trouble.
B of A - Welcome to the Thunderdome
Hopefully this will help the WF bashing in the media/government to be redirected for a while. https://apnews.com/article/bank-america-fees-customer-account-56fa8400ab01a15ec75a372561a3d851
Charlie Scharf "Efficiency" Investigation
I'm a journalist at Bank Automation News currently looking into Wells Fargo. Specifically, I'm interested in Charlie Scharf's push for so-called "efficiency" and its results across multiple parts of the business, including layoffs and rushed... — read more
What ya make of Strle departure?
It’s always suspect how there’s an announcement of somebody at an exec level leaving leaving and it’s immediate.
July 11 Layoff Thread
Consumer direct, tech, mortgage, possibly other groups in the crosshairs. Please post here if you or someone you know is impacted and share details if you can. Good luck everyone. Whether you want a severance or to stay, I hope you get it!
many people are getting laid off tomorrow
if you're not in a core location you're dead meat, and if your boss sets up any strange 1 on 1 meetings call it a done deal.
Military Vets…how heavy are vets being hit in layoffs?
Curious if Vets have any job safety with all these layoffs?
Bye Bye Wells Fargo
Bye Wells Fargo. You are the sh&ttiest place to have ever worked. I loved my job and you chose to ax me just because I did not live near one of your hubs. I was good enough to have worked for you for 30 years. Whomever came up with this whole... — read more
The WF way....
Is playing the victim and being "offended" by someone that is knocking it out of the park, escaping it up the chain to their manager so that the finger gets pointed at them. Takes the onus off you and you malign the person good at their job. Bonus if... — read more
Why do people support Terrible Leaders?? Who would defend Charlie??
Let me know if I forgot someone, but I automatically conclude they: have an ulterior motive work in Corp Comm came over from JP Morgan are an ar-e-kisser know they are being paid too much money for their skill-set are an apathetic... — read more
Head of CRG branch infrastructure leaves the firm.
So Warren Terry head of CRG branch infrastructure has quit the firm. Last week it was Nate Herman head of Internal controls . Interesting.
Admire this woman!!
FORTUNE I work at a Wells Fargo call center. Here’s why people like me can save America’s banking system BY DEBBIE WARREN July 10, 2023 at 9:31 AM CDT Debbie Warren is a Wells Fargo call center worker out of Beaverton, Oregon. COURTESY OF... — read more
Why is it so hard to get into the bank, then you get in and realize no-one knows what they are doing?
Why is it so hard to get into this bank and then once you get in you see that no-one knows how to do their job, takes ownership, or even cares? I swear when interviewing a panelist said "Why do you want this job, it's not like you have a PHD in... — read more
Talking about WFH exceptions, how does one get one?
Talking about WFH exceptions, how does one get one? Is chronic anxiety/ panic attacks issues (documented and medicated) - a good enough reason to request WFH? What would the process look like? TIA relatively new to the corporate world and trying to... — read more
Why so many WFH exceptions?
If you make a ruling and don't apply it equally, why are you surprised when minions revolt? I'm not talking about those w/medical accommodations or those outside of 40-mile radius. I'm talking about entire teams who received special permission to... — read more
Q: Who does Charlie Scharf and the Wells Fargo Board benefit, other than themselves???
This answer to my post last week says what I always hope to convey in a much better way. I hope the original poster doesn’t mind my “copy paste”, but I think it deserves it’s own post so hopefully more people see it. Charlie is so blatantly... — read more