Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

WF mobile phone

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 

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 

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 

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.

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 

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 

"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 

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

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