Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Most recent round on 3/7/23

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.

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

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 

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 

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?

How many?

I am so sorry for those affected today. Does anyone know how many and from what areas?

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.

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

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 

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 

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