Improving our efficiency ratio has been a goal for some time. I haven't heard it mentioned as much recently as it was when Charlie started but obviously it's still a huge goal. I've certainly seen people leave - displaced, quitting, businesses sold... — read more 

Jan 2019 “CEO Tim Sloan expects the bank to operate under the asset cap through the end of the year.” Nov 2019 “Wells Fargo CEO Charlie Scharf was hired in 2019 to resolve the lender’s regulatory growth restrictions.” Dec 2020 “Top WFC... — read more 

Wells Fargo’s culture is so toxic. Just keep all of our heads in the sand.

Why even bother with annual employee surveys? just like is previous years, they threw some lipstick on a pig, talked about the results for about a minute and that was it. It has been crickets from all levels of the organization (aka the firm)

FRTO

The employees are not the problem. Companies don’t fail because of their employees. They fail because they have bad leaders. Charlie Scharf is not a good CEO simply because he is not John Stumpf. Why are we, once again, eliminating the honest... — read more 

So many people are taking leaves of absence. It's the one lever we still have. The significant increase is obviously due to RTO mandate. WF would be wise to reassess its stance and leadership, given that companies don't achieve their goals when the... — read more 

Curious, as I read this email about the launch of "Fargo" - the Wells Fargo virtual assistant - if the rollout isn't intentionally timed with the big layoffs happening and coming... to lessen the pain of having to interact with Indian people who... — read more 

From CFO comments this morning: The San Francisco-based bank also warned that, as attrition has slowed down, there could be some onetime expenses by the end of the year in terms of severance.

Hearing big hits as more jobs going to India to save US labor costs.

Layoffs happened today in Enterprise risk. Wasn't surprised, the last three months I have been writing up procedures on what I do and training staff in India.

I normally see most people in office leave around noon.

They will put undue pressure on employees and managers to meet sales goal (yes, they still exist), customer-service goals, cost-cutting goals etc, routinely creating dangerous Conflicts of Interest. They will routinely spend dollars to save... — read more 

Good Lord. So far today, I've had to reboot 3 times and finally was able to get past 5 times of "remote connection failed" before i was able to get onto VDI...and now my outlook is wonky (yes technical term). I am in some sort of safe mode and I'm... — read more 

WFC is just a job, plain and simple. Don't get caught up in the whole "going over and beyond" mindset because what you'll end up with is a higher bar for what they expect from you and that's it. Trust me, keeping it at a reasonable level saves you... — read more 

June came and went. All those threats about RTO were BS. None of the admins.. sales assistants processors closers or underwriters are going in the office 3 days. Even the managers are MIA. Regional sales consultants. Market managers. Branch... — read more 

When did New York City become a approved hub? To my knowledge it l hasn't yet we are hiring people in this location. Even our CEO. How is this fair?

What kind of man is a CEO who intentionally betrays his own country by sending American jobs overseas in the search for profits??? A shameless egotist with a broken moral compass is the answer. A man who puts profits above loyalty, a man who puts... — read more 

My Jobbie lies over the ocean My Jobbie lies over the sea My Jobbie lies over the ocean Oh bring back my Jobbie to me

Hi there, I'm a business journalist working with Bank Automation News, and I'm looking into the wave of layoffs that has recently hit many major banks, including Wells Fargo. If you were laid off in Wells Fargo's last round of cuts and would be... — read more 

Has Auto been sold off yet? No? Ok, just checking. Been on the chopping block for years. There are always new ways of buying and financing vehicles popping up in the marketplace, so the market isn't dead (far from), but no one wants to buy Wells'... — read more 

It's nice of MB to gaslight people for the failures of VDI. It's your fault you didn't do enough training and you didn't use the two week user testing period properly. No MB. The VDI implementation sucks.

Anybody's commute messed up by the roadway collapse on I-95 near Philly? Are you still being forced to drive in to downtown Philly?

Heard some chatter - is this a thing?

Anyone still in the Workforce Share program? Any ideas when it ends?

So now that you can see on Workday who is classified as remote, I see that when I travel a few managers up the chain, almost 2/3 of my IT group is classified as remote. This surprised me as my boss made sure to tell me repeatedly I had to come into... — read more 

Any idea what time a lay off begins? I want to say 10am or 11am EST. Any ideas

I plan on doing about 2 hours of real work today and the rest working hard to get out of here while I monitor teams just in case I get an IM. Who’s with me?

I really don’t want to go back to work tomorrow.

Including tech! Don’t worry, the grass is absolutely greener on the other side.

https://www.globest.com/2023/06/07/wells-fargo-sells-san-francisco-office-tower-at-60m-loss/ Quite a vote of no confidence! https://finance.yahoo.com/news/wells-fargo-insiders-sold-us-110017000.html

This one decision would save 50% to 60% of the most extravagant salaries at Wells Fargo. What makes more sense? Sending Susie’s $35,000/year job to India to save $21,000, or sending Charlie’s job to India to save $15,000,000? Our C-Suite and BOD... — read more 

Is it Charlie? The HR woman from China? I can’t stand this duo!

Time for Charlie to admit he made a huge mistake on the mortgage hubs. Worst disaster ever! Ki-l these hubs and bring back your talent Charlotte was the biggest flub up ever. Ax what you were forced to keep and call back our processors in Atlanta... — read more 

I believe that trust is a fundamental pillar of successful tech development and app maintenance. It is crucial for managers to have unwavering confidence in their team members' abilities to accomplish their tasks effectively. This sense of trust... — read more 

Next week CIB in the Bay Area is going to see heads chopped. It is not a surprise Prime Services got advanced notice the rest of us learn our fate Tuesday the 13th..

Mortgage going through the next round. Stack rankings going on by leaders. Everyone get ready and tuck your heads and kiss your bu-t goodbye. All the favorites will be protected and the smart ones released. WF HR is useless .

Everybody stay home friday , shows that white collar jobs are completely scam. Is the capitalism of this country or some kind modern socialism? Bad example for the future generations. No wonder AI will replace all these jobs.