Get the agony over with. Working here is a mind fu-k. It’s a horrible abusive relationship where we are treated like d-mb children, gaslit about everything, get no resources to do our jobs, get a pay raise that doesn’t meet inflation, told we can’t... — read more
Des Moines layoffs/office closure
https://www.desmoinesregister.com/story/money/business/2023/05/22/wells-fargo-cuts-west-des-moines-jobs-sheds-500-workers-since-2022-mortgage-business-jordan-creek/70243245007/ Recap of what's happen
WFH Exceptions
There are people who get work from home exceptions that live within the 40 miles and did not WFH previous to pandemic. They get a magic email informing them of this. Anyone terminated for cause b/c of RTO has grounds for a class action lawsuit. ... — read more
“America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing”. JP MORGAN
This is the headline in the WSJ this morning. (I don’t have a subscription, or I would have pasted the article.) But, the headline has me thinking…. The Federal Asset Cap limits our growth so why isn’t getting us out from under the Cap Charlie &... — read more
Corporate lawsuit settlement site?
Someone posted a link to view all cases settled by corporations recently. I can't find it. If anyone has it, can you post it here? I'd swear it started with "v".
Hi Charlie and the Board of Directors, please do what you are hired for!
Where is your leadership and commitment? Do you have a clear long term strategy for WFC? Why do you think the asset cap since 2018 ( you’ve been the CEO since 10/2019) has not been lifted and will likely not in the near future? You can’t even be a... — read more
RTO won't save the office
https://www.vox.com/technology/2023/5/15/23721410/return-to-office-remote-work-commercial-real-estate The so-called “return to the office” has been underway for a while now, and it’s a bit of a mess. Sure, more people are going to the office more... — read more
Wellsfargo Managers
Number one issue with wellsfargo a. Many managers are individual contributors and do not have any leadership skills. You need to bring people who can motivate and move things as a team not giving orders or taking the work doing yourself and brag... — read more
Noting that ****Wells Fargo Newsroom News Releases*** is an excellent example of a biased news source
https://newsroom.wf.com/English/news-releases/default.aspx Another case of our C-Suite having their head in the sand. No mention of anything that doesn’t fit in to the PR Spin or doesn’t support their particular view of the bank. No stories about... — read more
Mortgage Processing is dead
I ama mortgage processor in the Charlotte hub. My team was completely laid off due to this insane HUB mentality. So now the few of us left have no one left to ask for help. They laid off all of our seasoned knowledgeable workers just because they... — read more
Wells Fargo Sharholder Suit Claims Company's Misrepresentations Inflated Mortgage, Car Loan Rates
https://www.law.com/therecorder/2023/05/19/wells-fargo-sharholder-suit-claims-companys-misrepresentations-inflated-mortgage-car-loan-rates/
ENOUGH ON THE RTO WHINING N LOOK AT THE BIGGER PICTURE
for purposes of the site…. there is typically Layoffs on last Tuesday of this month(in my opion). Remember, the only tool in the dinosaurs toolbox is to cutt headcount/offshore. Let’s thank our thoughtless leader. Now, onto my rant…. The out... — read more
Good video CBS Money Watch discussing employees and companies battling over RTO policies
https://youtube.com/watch?v=5ZfKGiCmuVA&feature=share An interesting excerpt talks about the 3 main priorities for employees now. They care about: Job security - 👎 at Wells, intentionally destroyed by Charlie Share price - 👎 at Wells... — read more
Former Wells Fargo Executive Agrees to Plead Guilty
https://www.justice.gov/usao-cdca/pr/former-wells-fargo-executive-agrees-plead-guilty-obstructing-bank-examination This lady can rot in he-l. She ruined people's lives. Anyone who worked in her org who did not play along was fired or blackballed. — read more
If you haven’t quiet quit yet, you should.
Quiet quitting is the future of work at soulless large companies. There is no incentive for going above and beyond.
CIB Prime Services laid off
The entire Bay Area team was let go on Tuesday. Moving jobs to NYC.
RTO
Neckties were an essential business requirement for ages. At some point, people had had enough of the mostly pointless ritual and began rejecting the norm. Even still, stodgy companies required it with the argument that it was necessary for being... — read more
Displacement Tuesday
Another wave of layoffs will hit technology on Tuesday. Survivors will get to attend TKs town hall on Thursday. I expect that will be my last day.
Why are people ashamed of working at WFC?
I see this popping up often in posts. Why? None of us did anything wrong. Every scandal related to the bank is a direct result of our leadership and the rest of the upper management. So why would any rank-and-file employees see working here as a... — read more
Come on Wells Fargo, we can do better!
https://sfstandard.com/housing-development/wi---e-brown-prominent-civil-rights-lawyer-back-lawsuit-accusing-wells-fargo-of-anti-black-discrimination/
Jumbo loans for WIM clients only
I’ve heard rumors about this and so have the FA’s in my office. Any word?
RTO alternative locations in stl
Has anyone in stl had any luck finding an alternative location besides downtown? I am within WIM and have seen WF Advisor building off 40 near chesterfield that would be closer but I didn't see that location in Guardian to get access.
The WF customer experience
https://www.howardlindzon.com/p/rest-world-looking-good-wells-fargo-must-die Becoming like JPM, WF gives no f*!
Why do they want us back in the office?
https://www.npr.org/2023/05/16/1174938708/commercial-real-estate-property-offices-work-from-home-remote-work
Wells Fargo next bank to fail
https://www.cnbc.com/2023/05/16/cramer-calls-wells-fargo-the-best-capitalized-bank-.html Jim Cramer is saying we are the best capitalized. Sell, sell, sell, we are doomed.
Managers vs. Supervisors in Ops Risk?
Tell me a good story...Does anyone in Ops Risk have a good manager and or director? I mean they actually do the job of managing, not just a cool "manager" that leaves you alone and gives you a nice bonus. Can't say I have seen any managing... — read more
Forced RTO is the definition of insanity
https://www.entrepreneur.com/leadership/the-forced-return-to-office-is-the-definition-of-insanity/451934 Remember a townhall when Chuckles himself stated productivity was up during the WFH pandemic. It is all about control. C-suite wants their... — read more
Under the keyboard of an unassigned cube
Keyboard had the sanitized card and was unoccupied. I found a USED tissue and the a sanitized card from days gone by. This is beyond gross!
Committee for Better Banks
Flyers and cards were distributed all over the building yesterday, they're still up today, even on the bulletin boards. I guess no one cares about removing them.
Internal applications
As an internal job applicant, I can see my application history. When I apply to a job internally, can the hiring manager and/or recruiter see it? Will make a difference to how picky I am about applying to jobs.
Fire Charlie
...and maybe the entire board. That is all...
IP Addresses
Anyone ever wonder if our lovely bank checks the IP addresses of this site and ties it back to your computer (hopefully at least your personal computer and you aren't stupid enough to use a bank laptop)? Just curious. I don't care, I have a VPN on... — read more
How to do your job
I will share some thoughts of my job performance I have never signed into the stupid telephony to have my calls monitored and recorded ever. What a stupid thing to have the firm thinking they would invade privacy. In fact I never called borrowers... — read more
Get smarter about credit card strategy on teamworks
I guess that means we have one?
Last Performance Review
Do you trust that your manager’s manager or other people in your management team didn’t make your manager lower your last year-end rating to fill the quota? Who has their finger on the scale and why are Wells Fargo’s performance review methods so... — read more
Auto isn't going anywhere
People keep saying on this board that Auto is going away. But there's all kinds of work (i.e. money and manpower) currently going on (and has been going on for years) regarding e-statements. It's a weird, yearslong obsession that this LOB has. Sure... — read more
WXPS Town Hall. Circus of Incompetence
Nicola expounding on the importance of accessibility while ignoring pleas to expand her tiny presentation.
Save your marketing dollars
Why is WF Home Mortgage marketing me for a refinance touting all the benefits and discounts I get as an employee? I am happy with my existing 3% fixed rate from a competing bank that they couldn't come close to matching at the time, I don't need a... — read more