Came back from leave two years ago to my work mobile being deactivated but no instructions on on what to do with the actual device. Left WF and included the mobile in my list of equipment that I had. I received instructions on what to do with my... — read more
aligning methodology to our organizational model
I guess we needed a project methodology that aligned to the dysfunctional organization the C-suite aspires to create. “Waterfall replicates the social model of a dysfunctional organization with a defined hierarchy. Agile, quite often, replicates the... — read more
hr department is worthless
that is all
Home lending town hall
Thoughts?
I wish they was a forum to inform shareholders about the truth of Wells Fargo from the inside POV…
Shareholders deserve the objective facts, without the PR spin, as do our customers and regulators. They are only hearing Charlie Scharf’s misleading public statements, which often embellish and obscure the truth: “We are making a significant... — read more
Meet the RTO whisperers
Interesting article in the New York Times about a better way to get employees to RTO. What would you consider if WF management were to adopt the approaches suggested here? Paywall version:... — read more
Banks lost money originating mortgages in 2022
On average, companies lost about $300 per loan in 2022 according to the Mortgage Bankers Association. https://www.mba.org/news-and-research/newsroom/news/2023/04/06/imb-production-profits-falls-to-series-low-in-2022
Why
Tf is Wells Fargo living in the dinosaur ages with EVERYTHINGGGGG. I hate this place!
How is RTO tracked?
This has probably been brought up a few times but it just doesnt make sense to me. My boss sent me an email saying I was averaging 2.6 days a week in March. I definitely try to be in there 3 days or more a week unless I am on PTO. So how the heck is... — read more
1st Quarter Earnings: 4/14 - Friday
Plus 3 to 5 percent or minus 3 percent in Stock? They might surprise everyone with a blowout quarter by picking up business from other failed banks and nervous customers looking to switch
Unconventional returned the office
Does anybody have an unconventional return to office arrangement? What I mean is say May has 23 working days and if they want us in the office 60% of the time that equals just under 14 days. Curious if anybody has an arrangement where they come in... — read more
One of the (many) problems with organizational structure and responsibility at Wells Fargo
This many not be the case with every department, but I have been witnessing this problem throughout many areas of the various divisions of Wells Fargo for years. The problem is that our Managers are not involved in and overseeing the daily work of... — read more
Your vote counts!
2023 Annual Meeting. Time to vote - proxy through April 24. I'm voting against everything they are for. Especially BOD!
4/18
Heard this is the big date which will impact many LOBs anyone heard any details around this.
PTO cancellation question
Here is a PTO cancellation question I have. I'm a software developer at and I'm working on a very high-impact project with tight deadlines. I got sick back in early February and ended up having a heart surgery in mid-March (I'll be out of commission... — read more
RCSA NIGHTMARE PART 2
My division was going through a re-organization so I volunteered for RCSA because I knew some displacement waves were on the way and I was SOC7 out of my role the previous year. I have been with the bank 16 years. I am dealing with co--y 40 and under... — read more
Corruption, Crime and Compliance - Deep Dive Into Wells Fargo’s $30 Million OFAC Settlement
Wells Fargo has a lengthy record of misconduct and failures to remediate. Its latest enforcement action involves a $30 million settlement with OFAC for sanctions violations from 2008 to 2015. These violations include three separate OFAC sanctions... — read more
I heard severance is changing
From 2 wks/yr to 1 wk/yr with a max of 26 weeks. Wouldn’t be surprising.
Question for Managers
Hi Managers,, did anyone ask you to make a list of people who might get laid off soon? My colleague mentioned it, and I'm just trying to see if it's true. I don't think it'll happen before July, but I thought I'd ask around to be sure.
Carrie tolstedt changes her mind and pleads not guilty
https://www.americanbanker.com/news/ex-wells-fargo-executive-carrie-tolstedt-shows-up-in-court Menu Show Search Leaders Forum Events Research Podcasts Webinars and Whitepapers Magazine Jobs REGULATION AND COMPLIANCEEx-Wells Fargo executive... — read more
Commercial Banking Layoffs in June
Commercial Banking Layoffs are coming in the June timeframe.
Why doesn't Charlie confront the Mayors of SF/NY as being unsafe for workers
Why aren't major employers in these cities telling the mayors of these cities they will leave unless they are made safe? This makes no sense to me. Employees in these cities should protest and not go into the office. And when their managers ask... — read more
Core Locations
It cracks me up how employees at these “core” “hub” locations think they’re immune to layoffs. Employees in Des Moines better polish and craft their resumes for corn plowing jobs once they get the boot. There’s nothing in Des Moines other than cheap... — read more
GM buyout: Workers offered severance packages
Love to take it and retire if wellsfargo offer like GM tomorrow. It could be goodhandshake for me for all the scarifices done to this company working late hours.
Arizona Target Branch Model
Just got word this morning from regional leadership that Arizona has been selected to pilot a new "transformative" branch staffing model. 1/3 of branches will be served by branch manager and bankers, with no tellers. Drive up service and opening... — read more
Why are there so many tech layoffs, and why should we be worried? Stanford scholar explains
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/ Discuss.
Dates for Corporate Communications Shared Services consolidation?
Does anyone have dates around the Corporate Communications Shared Services consolidation efforts? We've had high level information for the past year that it's coming. In recent meetings Corp Comm leaders have made it clear all comms functions will... — read more
Frederick, MD Office
RIP to a solid spot. Schart ruined it entirely.
"Postponed" WF Town Hall Meeting
Well, it's now 2 1/2 weeks since SP's quietly postponed company All Hands meeting with no word since then. What do you all think is going to happen? They reschedule weeks in advance of the new town hall? They reschedule quickly in advance of the... — read more
2/21/23
For those of us who were laid off as top mortgage producers in “non key states” Feb 21, how many of you received the bonus last year of 5bps monthly and 5bps at the end of 12 months for staying with Wells Fargo after they stripped WFA and WIM away... — read more
I'm getting too old for this
It's incredibly frustrating that despite my efforts to identify and address gaps in our department, my manager keeps responding with complete silence. It's as if my suggestions for improvement are falling on deaf ears. There's no interest in taking... — read more
Wells Fargo investing $500M to update office buildings in uptown Charlotte
https://www.bizjournals.com/charlotte/news/2023/04/05/wells-fargo-office-buildings-upgrades-500m-bank.html Is Charlie an id--t, sinking money into 2.1 million sq feet of office space no one wants to show up at. The guy is living in the pre covid... — read more
Offshoring and ongoing Layoffs Facts and Salaries
Layoff’s to continue through end of June. Why do we even bother to offshore anymore? Based on all the recent hiring of offshore individuals that continue, I would suspect that layoffs will coincide with this. I am not sure where the cost savings... — read more
Frustrating Manager
If you don't ask questions, ohh you are not communicative, you have to be engaged. And when you ask questions, ohh you have been here for a while and you should know this, this is trivial question. Okay, if it's trivial then tell me but I don't know... — read more
HUB Strategy
Does anyone have intel on hub Strategy???? I would love to know.
bring out the stick
good luck to all the anti rto folks https://finance.yahoo.com/news/first-came-return-office-policies-100000996.html
$500M Improvements Coming to CIC
https://www.msn.com/en-us/money/companies/wells-fargo-announcing-500-million-worth-of-improvements-in-charlotte-area/ar-AA19uJm0?ocid=hpcdhp