Wells Fargo did it again. This time they laid off most senior employees in portfolio underwriting and kept most non performing and lesser experienced underwriting team. This has to be the biggest mistake and this new management team has no direction... — read more
Medical Waiver
Has anyone submitted a medical waiver to not go in the office? Any feedback helps. I heard some people got it and it was approved but I am skeptical about it for the long run of things.
Do holidays still count as in office day?
Haven't seen this asked in a few hours so I thought I would check if it was still the case.
Hit the nail in the head...
With this quote... "the purpose of...propaganda was not to persuade or convince, not to inform but to humiliate; and therefore, the less it corresponded to reality the better. When people are forced to remain silent when they are being told the most... — read more
WFC was trading at $48/share when Charlie took over
It’s at $43 today. Peers like BofA and JPM have seen a gain in their share prices in that period. Still no end in sight for the asset cap, various consent orders, etc. Decimated the best mortgage business in the nation. But we’ve spent hundreds of... — read more
Job class question
salary range question. In the same location, can a P5 in one job family have the same salary range as a P6 in another job family? I am comparing Risk/control to Tech. If trying to move up should you always consider the higher P# for more... — read more
RTO- Rollover Minutes
Say you worked 8.5 hours in office on Mon but worked 7.5 hours in office on Tue. Rollover minutes has you covered
No mention of Intl Women’s Day
No mention of Intl Women’s Day or Women’s History Month on the COO TW page. Not a shock.
Will servicing/ loss Mitigation get hit next?
Was bounced to servicing, loss mitigation area as well as a TON of other folks too. The workload is lite over here. Any word heard of downsizing over here too?
Old manager
Received an email with a previous manager on it and noticed he is now some BS consultant. Wells does need to cut the fat in some areas. He was completely useless. Unbelievable how someone like that keeps climbing.
Displacements Advisory Group
Just saw a job posting for Displacement Advisors to join the “newly created Displacement Advisory Group within Human Resources.” So that’s just swell.
Hours in office
Does anyone have an actual answer as to how many hours you must be logged on to the network for it to "count" as an in-office day? At my site it seems Iike at least half of the people there leave for the day before lunchtime.
Layoff predictions
None of you “predicting” dates and huge layoffs have been right. I don’t believe any of this info. None of you have inside info or been on big executive calls. Liars and trolls.
Control Town Hall Meeting... WTF was that?
I am at a loss for words. What did I just watch? This bank is crippled by the Fed's consent order and this bozo the clown character is who we picked to lead the charge to get us out of the toilet? You have to be kidding me. There were so many things... — read more
U.S. probes Wells Fargo's retention of employee communications
Feb 21 (Reuters) - U.S. regulators are investigating Wells Fargo & Co's (WFC.N) retention of employee communications over "unapproved" messaging tools, the bank said on Tuesday, the latest in a crackdown that has already sparked billions of dollars... — read more
risk hubs
I use to work at WF in security and risk and today a WF recruiter sent me an email for a technology risk management role. The posting said its only in hubs: West Des Moines, Tempe, Charlotte, Minneapolis, Plano. Hybrid 3 days office and 2 days... — read more
Layoffs- Managers, does HR or higher ups take into account legit complaints against managers in the decision process?
Managers- does HR/ higher ups look at the (legit) complaints against middle managers when deciding who gets cut/laid off? Quite a few managers treat their teams & people on them to the point of emotional abuse, or definately abuse of power. Heard... — read more
5 days in office coming??
I heard a rumor that Wells is going to move to 5 days in office requirement this summer/early fall. Anyone else hearing this?
Are layoffs done now?
Will layoff continue for this month or is it finally over for good?
How many?
I am so sorry for those affected today. Does anyone know how many and from what areas?
This is too much
Can we have one fu----g week without layoffs? Just one?
FSA Robbery
If you have FSA (flexible spending account) and an HRA (health reimbursement account), late last year WF changed policy that prevents anyone from using any FSA funds until the HRA is completely depleted. HRA has zero expiration and Carrie’s from... — read more
Bye!!!!
Well, there it is. Confidential meeting in 30 minutes. Fu-k this place.
One year in- the majority of work emails go unanswered
I've noticed the majority of people just don't respond to emails. They don't respond to skype im or teams...It just appears to me if you send an email to two people they will just ignore it and think the other will answer...because some people will... — read more
Not every change in schedule means layoffs
I can understand why people are paranoid but you're not doing yourselves any favors by getting worked up over every little change or boss' mood alteration or whatever else. You'll drive yourself crazy if you start stressing every time something like... — read more
What’s with the hate here for DEI?
I see at least one person complain about DEI in every single post. I don’t understand why. I’m white and it is something that I see as being important. Illuminate me on why it’s such a bad idea.
WFA re-org?
It seems much of the bank is undergoing serious reorganization, is this coming to WFA? They continue to add staff and are not undergoing the same transformations
Layoffs this week? Leadership calls for this week have been cancelled and management acting weird… this is happening in processing and sales
Processing and sales in home lending….
LPL Financial Lands $1.45 Billion Team from Wells Fargo -- Barrons.com Yet another Tech fail
LPL Financial Lands $1.45 Billion Team from Wells Fargo -- Barrons.com By Andrew Welsch LPL Financial recruited a group of Wells Fargo advisors who collectively oversaw $1.45 billion in advisory, brokerage, and retirement plan assets, the company... — read more
Don’t take RTO too seriously
Situation in my hub: It’s 2:30 and the 3 people here are long gone. The people who come in early start leaving at noon and the ones who stay later come in around 11. I also see people leave after an hour. Commute time= part of my working hours as... — read more
Will Wells ever hire back any of the HMCs/PMBs that were laid off?
Like the ones that had proven, consistent production? Now that the business is mostly remote, what does it matter if a banker in Pittsburgh whose office was closed reports to a BM in Philly? Maybe get rid of all the non-producing HMCs, consolidate... — read more
TPRM
Thoughts on TPRMO and TPO current state? Heard changes being made in IRM and the frontline including leaders. Truth?
ChatGPT
DIMON SAYS AI POTENTIAL IS 'STAGGERING'
Is Core ever going to be replaced?
I have been out for a while. When I left tech was working hard to replace Core -- but very slowly. There was a post on here speculating that Core could be replace with BKI Empower. ICE is trying to buy BKI and need to dump its loan origination... — read more
Sorry I missed Employee Appreciation Day, I was busy thanking the Indian workers
Am I the only one who thinks NH's email is in extremely poor taste... "Sorry I missed sending you all a worthless "keep working harder" email, cus I was busy in India thanking them personally? The C-Suite here are so removed from reality they don't... — read more