The 3/23/2023 Layoff date is a fact everyone! This round will be a significant one. Headcount will be cut by 4 digits “x,x-x”. Possibly even 5 digits “xx,x-x” this round. Why do people seem to believe this rumor over other rumors? I have seen... — read more
2035 Wells Fargo Movie
Just imagine - John Stumpf to be played by LEO DICAPRIO in a blockbuster. How great would that be.
Harassment by Leadership
Absolutely disgusting & nauseating…what a disgrace to the company, WF leadership, and HR. https://www.latimes.com/business/story/2023-02-07/wells-fargo-sued-over-se-ual-misconduct-complaint
Excess FSA funds?
We all received a large addition to our FSA accounts a couple of weeks ago. I wonder where the excess came from? Perhaps it was from the accounts of laid off people who didn’t have time to spend them?
Podcast Behind the Wells Fargo story: An elusive corporate insider opens up
Former Chief Security Officer responsible for internal fraud notified WF execs since early 2000s about fake accounts scandal and was fired by Hope H. the head of HR, who lied to regulators she didn't know anything about... — read more
Anyone received a $2 check from Wells?
Ex-employee here . Left last year. Just received a bizarre check from Wells for $2 (yes two dollars) for a settlement on ERISA . Case: 020-cv-02016. Check out: wellsfargoerisaswttlwment.com Why did they spend more than $5 each to send out a $2... — read more
Auto layoffs
Anyone hearing anything on additional layoffs in Auto? We just had a small round but with lending guidelines changes announced today there likely is going to be a lot more.
Wells Fargo taps Morgan Stanley veteran Jeff Hogan as new co-head of M&A
M & A??? At Wells Fargo?? Hilarious. In theory, I guess we can’t blame Charlie for trying to copy Jamie Dimon’s successes since he has no fresh ideas of his own. Problem is, in my mind, is that he’s obviously having trouble running the very basic... — read more
Pay hike for lateral move to a job with the same title
Is it possible to get a pay hike if I apply and move to a job with the same job title as my current job?
The same person keeps posting new topics on here.
STOP they are irrelevant.
Wells Fargo won't say how many employees will leave Des Moines
https://www.axios.com/local/des-moines/2023/02/10/wells-fargo-employees-des-moines-leave
The Posts on Here Crack Me Up
The activity on this board is the result of years of mismanagement and bad employee relations a d ineffective communication. The end. Anyone who is a current or former employee has earned the right to post on here. TGIF.
In 2018 Warren Buffett sold most of his investment in wells fargo
By 2020 he had sold almost all the rest. "The bank's * REPUTATION * was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car... — read more
Revolving door RTO counts
They are simply looking at checkins for the week. You can checkout immediately and it counts
At least realize the importancy of QA Testing now after "Google shares lose $100 billion after company’s AI chatbot makes an error during demo"
WF should bring back QA testing after hearing this news "Google shares lose $100 billion after company’s AI chatbot makes an error during demo"
Behind the Wells Fargo story: An elusive corporate insider opens up
A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal... — read more
‘They continue to climb.’ Many savings accounts are now paying upwards of 4%. Is it time to ditch your current bank?
https://www.marketwatch.com/picks/they-continue-to-climb-many-savings-accounts-are-now-paying-upwards-of-4-is-it-time-to-ditch-your-current-bank-01675894460?siteid=yhoof2 Yet another article advising customers to ditch their bank. I’ve read all the... — read more
Offshore team members shouldn’t be conducting testing
That’s it. That’s the post.
Rto at Hudson yards
Is everyone doing 3 days in Hudson yards?
A cool article from Fast Company on "quiet promoting", a decades-old practice at Wells Fargo
High performers are sometimes punished with more work. Here’s how to avoid getting quiet promoted https://www.fastcompany.com/90844104/how-to-avoid-performance-punishment
Full branch audit
They are here counting down all our drawers and the atms which is never done. High up managers have been coming to visit our branch too in the south Texas areas any news or branch closures ?
Well I got deleted Again
I didn’t break any rules and still got deleted. The only thing I can think of is everything I mentioned about RCSA was the truth and too damaging to the program and recruiting and retaining talent. If the censorship of this program on an anonymous... — read more
Six hours in office isn’t required…
Source: me and my cube mates leave at lunch or during a break in meetings and we are still shown as ‘in office’. Pretty ridiculous that we are all wasting our time driving in for this nonsense…no point in sitting in an empty building so I leave as... — read more
Day 2 of Forced In-Office BS
Made it through the second full day of forced, “big brother is watching your badge swipes”, in-office work. So far it’s been just as pathetic as the last couple of times this was attempted by upper management. Massive number of vacant desks, maybe 10... — read more
March layoff significant reduction
Exec told our team that March (likely 3/23) will be large-scale layoff. This exec is in the know. Brace yourselves.
Canada LATAM realignment
Any friends here from Canada or LATAM? These regions are being "realigned" to US, basically being treated as an extension of US. Effectively half of the jobs will be centralized to US teams. Those in the regions, you might want to update your... — read more
Layoff Drip Drip Drip...10,000 and counting
We are now into our second year of monthly layoffs, hundreds at a time. Wells Fargo has laid off over 10,000 employees over the last year. Is this to stay out of the media limelight? or what??
Layoff after raise
Anyone here get a sizable merit increase (after years of getting 2% on average), only to be laid off a short time later?
What is the common theme at Wells Fargo?
In every instance where the bank got in trouble, whats always been there....what is the common issue? "Risk, Controls and Governance" The issues lately? Where Indian Wells Fargo executive unin8d on a innocent bystander? Or an executive r@ping a... — read more
Another $300 million to pay
How many jobs will it take to make up for it?
Two Week Notice Questions
Should be putting in my two week notice soon, hopefully. How does this work? Will I lose my access that day or will I be allowed to work the 2 weeks? Does company have to pay 2 weeks legally?
Another day, another scandal - Wells Fargo agrees to pay $300M to settle shareholder lawsuit over auto insurance disclosures
https://www.foxbusiness.com/markets/wells-fargo-agrees-pay-300m-settle-shareholder-lawsuit-insurance-auto-loans Anyone got back of the napkin math of how many employees will be "displaced" to afford this fine? Wells Fargo has come to a $300 million... — read more
Why bust your a-s for a meets expectations?
When I can do the bare minimum and get the same ???
Audit Reorg
Does anyone know the details of the upcoming audit reorganization? I heard audit senior managers were meeting to discuss details. Was anything decided?
Tuesday is the new Thursday
Got an invite for a required "Touch Base" with my manager this morning and was laid off! I'm in REVs and was told I'm one of 83 people being displaced today. Non-working notice, in NY will be paid for 90 days before severance kicks in, 2 weeks/yrs... — read more
6 hours in office rumor
True or not that you have to be in office 6 hours for it to count? It was not true for my old building but we did not have a swipe out. Now I’m thinking of moving to a different building closer to me but that building has a swipe out. Does that mean... — read more
Rto - Team in a different office
Is anyone returning to the office just so you can Skype you team in another office?
What do you look forward to every time you come to work?
Reading about another newsworthy reputation destroying event about this bank? Charlie announcing another massive layoff? Having to deal with clunky / slow / barely working HR systems? Seeing your career end as you train your Indian... — read more