Discuss.
Rto
Does anyone know if it’s moving to 5 days a week? I am borderline about to quit as is!
Maybe
We should move everyone who advocates for in-office time OUT of their cozy, closed offices with beautiful views and into the cube plantations so we can see how long they would still support RTO.
Dumpster fire failing bank bailing out another failing bank?
At this point, everyone should wonder, why we came to the rescue and had to pony up 5 billion dollars when the bank in itself is in a massive mess. Systems are broken/outdated, we are one Manilla/hyderabad away from another payment failure (CFPB... — read more
So shareholders…
I get it. You want to sell the company. Typical pattern. Reduce staff to a minimum. Cut every cost possible. Move all actual work offshore. Make it look very attractive to potential buyers. So how attractive would a company look when it’s customers... — read more
Saul’s AMA with special guest, Leo
Nice of Saul to share the responsibility for destroying Technology. Their fates will be the same. To use wave, you need some kind of machine. Company supplied kiosk/NUC or BYOD. Kiosks and NUCs need to be imaged. Can’t do that when COSMIC is broken... — read more
WF mktg team incompetent
WF mktg campaign mgrs are lazy and don't know what they are doing. In-house agency is anything but a COE, constantly pumping out error-ridden files. Have never seen such a cluster in my career. This has been going on for yrs and it's amazing these... — read more
Does everyone hate working here?
Whenever I go into the office the conversations I have are all centered around how much we hate RTO/looking for a new job/being stuck in pointless meetings all day/how WF is going downhill LOL
This is a company that rewards mediocrity
Over the years, I’ve worked on so many teams with people who do almost nothing, always claiming to be sick, taking leave, generally dropping the ball, ignoring emails, and are the definition of incompetent. What happens to them? Absolutely nothing... — read more
Kovacevich was just on CNBC for damage control.
Guy could hardly string a sentence together he was so uncomfortable. He was putting Chainsaw's "uh, umm" rate to shame.
Saul's AMA
Lets hear it
I’m dreading returning to the office
I don’t want to go back to the life I had before. I’ve never been closer to my family thanks to the extra time I get to spend with them instead of commuting. I still work hard. I do my full hours and then some. And I’ve never been happier. I hate... — read more
Ki-l two birds with one stone
CS, Leo and the internal JPM takeover department. Here is what you need to do. Sell your mortgage servicing to ICE Mortgage services. In exchange for BKI's empower system. Sal can hook up his service now to Empower. Get rid of mide/mode/cosmos ... — read more
Make sure your personal email etc is in Workday.
I was laid off on Tuesday. My wonderful manager had no clue really what I was supposed to do, but that's pretty much par for the course with him. Just a heads up, make sure you have that info in workday because if you don't and you get canned, it's... — read more
Where is 10 billion dollars going?
Why does it take 3 months to receive system access approval? Why do I need to fill out an Excel sheet to obtain system access? Why can't I see my approval status in a single screen to identify who is holding up the approval? Why do I need to email... — read more
Alternative to RTO in the works
Leadership has heard our feedback and is working on developing an alternative option to RTO. Word is, the new policy will be that employees can skip an in-office day by providing evidence to their manager that they revved their engine in the driveway... — read more
Dir here
2/21 3/7 3/21 4/4
Do the right thing, Saul
It’s probably too late, but you need to put on your big boy pants and fire Leo. I know he scares you. He scares everyone. He cannot harm you. You are the only one who can do this. He has decimated Technology. COSMIC is already failing and there’s 3... — read more
rto
haven't seen an rto post in a day or two so thought I post this interesting article I found https://www.bbc.com/worklife/article/20230317-the-workers-quietly-backtracking-on-return-to-office
BEWARE: Remote 3/2
Improve VPN capability that allows employees max of 2 days per week remote. If you cannot remote in because you have used up VPN allowed days you need to come to office or use PTO. Once PTOs run out HR gets involved. This also helps with people... — read more
Leo has destroyed technology
After displacing the COSMIC team, there is one guy desperately trying to support it. Leo has stated that it will be 3 months before COSMICs replacement will be ready. If anything goes wrong with COSMIC, that’s it. No new windows hardware can be... — read more
Bank Run Haiku
Panic in the bank, Customers rush to withdraw, Money flows like sand.
Does it pay to be a loyal employee?
https://www.marketwatch.com/story/does-it-pay-to-be-a-loyal-employee-a-new-study-says-it-may-just-result-in-extra-work-66110d0d
The Financial System is Untethered to Reality
The reason the banking system is showing signs of distress is because global claims on resources are way out of line with our underlying physical realities. Money and debt are not intrinsically valuable, they are just symbolic claims on physical... — read more
Internal Audit is Done!
Internal Audit is now hiring individuals to lead audits that do not have any audit or control testing experience. Based on the nature of the hires I can only assume this is being done to meet DEI metrics. These metrics do affect Audit Director and... — read more
Offshoring
How long until all of our jobs except customer facing roles are in EGS? Last record count was 46k+ over there with nearly 1k job postings open. WFCs NYSE name will be WFEGS in no time.
Just sent my resume to Scharf....asking yo throw me a bone
"...Scharf was still a senior at Johns Hopkins University when he started working at Commercial Credit Corp. part-time, having sent his resume to Jamie Dimon through family connections."
Crickets once again
The MASSIVE layoff info posted here is a joke. 3/21 no wait 3/23. Not saying layoffs are not happening but there will never be a mass layoff all at once. Can we all agree on that?
Looks like CT may get some prison time finally
https://www.nytimes.com/2023/03/15/business/wells-fargo-carrie-tolstedt-jail.html
The Posts Have Gotten Really Boring Here Lately
C'mon you guys. The posts here are just dreadfully boring lately! It used to be that someone would post a rumor, and bam! It came true! The leak has been plugged it seems. Anyways, just wanted to let everyone know how much you've let me down. — read more
Found a somewhat interesting Youtube channel for those before/after layoff
its at www.youtube.com/@ALifeAfterLayoff Site is complimentary to this blog. The shorts are interesting... "How soon is too soon to quite the job you just started" and "Want to get promoted? Stop being the best at your job". "Interviewing... — read more
$18 trillion in deposits, only $125 billion in the deposit insurance fund
Depositors want all their money guaranteed. LOL
Did you receive your proxy voting materials for WFC shareholder meeting April 24??
I can’t help but notice that the Board recommends VOTING FOR Re-Election of all named Directors and VOTING AGAINST all Shareholder Proposals. That should tell shareholders (and employees) everything they need to know: WFC is run by a group of... — read more
Fully remote and still employed?
I fall into this bucket and unsure why that is. Early 2020 I chose to resign w/ severance over a forced relocation. HR canceled this plan when pandemic hit which rescinded my resignation. I looked up and down at all the documents and it was not... — read more
Layoffs 3/23/2023
Any insights on layoffs for tomorrow and what LOB it will impact?
There is NOTHING we can do properly
Having served 5 years I received the email saying they'd be sending me a lucite plaque to use in my fireplace. Did it arrive, no, it's been 3 months. We can't even thank people for tolerating this he-l hole without screwing it up.
I estimate approx 3300 displaced this month so far
No more than 6600-ish but accounting for normal attrition, non-primary account closures, general clean-up I'd conservatively say 3300 have been displaced this month so far. Approx 1000 zz'd between 0001 and 0900 on 3/22, approx 1500 zz'd 3/21 +... — read more
Operational Risk Management Town Hall - 3/22/2023
Three execs (Op Risk, Compliance and Operations) got together to brainstorm how to make their employees work life balance better due to RCSA and other related stressful programs. BJ spat out a bunch of cr-p, i.e. no meetings past 4 on Fridays, don't... — read more