How does Wells Fargo’s headcount for Audit, Corporate Risk and Front line risk compare to Bank of America? Is Wells Fargo really bloated in risk?

As the WSJ article indicates... But somehow WF is sending more jobs offshore... What does this mean? WF doesn't care about USA workers? https://www.wsj.com/articles/u-s-companies-on-pace-to-bring-home-record-number-of-overseas-jobs-11660968061 — read more 

Be honest, please. I often see in posts people come to the defense of the company and I have to wonder why. All that Wells Fargo is proven over the years is that it doesn't give a damn about any of us. Loyalty means nothing to them. So why defend... — read more 

Every now and then I drop in on here to see if the volume of posts has wanted. Nope! The culture is obviously still toxic as it ever was and so many jokers run it. The higher up a tree (corporate ladder) a monkey climbs, the more of its azz that... — read more 

Ya, we try and work hard to re-assign your job... to India. ROFL!!!! F U!

"Wells Fargo is proud to offer..." blah blah blah. Now we have to provide marriage and birth certificates. So social security numbers are no longer enough? Was this seriously a big problem?

Are you allowed to listen to your own instrumental music at work? Wether it’s the teller line or bankers desk ?

Any too me something even close to the truth gets posted here it gets deleted. Just watch, this will be gone in no time! Beware. No truth or free speech allowed here, just line everywhere.

Wells Fargo & Co. bungled the 2020 sale of Occidental Petroleum Corp. shares on behalf of an employee trust, leading to millions of dollars in losses when the bank failed to execute trades as planned before the Covid-19 pandemic tanked the stock... — read more 

The same players will result in the same results.

Your Thoughts?

I find it both funny and sad that just doing your job now has a new fancy name. That we have been conditioned to do much more than is expected of us and much more than we're paid for to the point that just doing our jobs is considered slacking off or... — read more 

No change, no plans to change 50% in office. Good meeting.

Bryan is a slash and burn specialist.

WTF?

The mortgage reduction is telling folks. We are getting to the point where we can’t ignore the asset cap and just continue to operate as normal. Cutting back on mortgage means the bank is downsizing. Not as many underwriters or mortgage bankers... — read more 

A former Wells Fargo Bank NA employee who said she lost job opportunities after the bank failed to correct her credit report can move forward with her breach of contract and negligent misrepresentation claims, a federal court in North Carolina... — read more 

In the last few months I have applied for various lead control and business execution consultant roles which I am well qualified for. I’ve been here 18 years with 10 years in risk and control. Suddenly I am being rejected for everything…out of all of... — read more 

If you think you're safe because layoffs will be focused on mortgage in the near future, think again. While it might be the main focus, mortgage will be far from the only area hit. We know the goal is to cut anything that can be cut, that's Charlie's... — read more 

I've been hearing a lot of my co-workers talk about agile garages and that they're in multiple lines of business. Does anyone know what they are? Seems that folks in these work groups seem pretty confident they're secure from a lot of the layoff... — read more 

Manager put me up for exceeds...what's my prize if it gets approved?

So all managers just got a new training on promoting a diverse pool of candidates but making sure you “pick the right candidate”. Diversity is such a smoke and mirrors operation here for good PR.

For God’s sake, let’s get rid of him before there’s no bank left to manage. Our subversive CEO is “slowly boiling the frog”. Charlie is gradually selling off profitable pieces of the bank, downsizing parts of the bank which were profitable before... — read more 

Underwriting will see at least 25% cut in September

https://www.youtube.com/watch?v=aep9YTisqws https://www.youtube.com/watch?v=xKr2nqD0lhs

I'm at 15%, and 53 years old.

Mortgage has already been decimated this year and with the latest news, the question is how many more will end up on the chopping block? The number will probably be higher than any of us think right now. I guess Charlie is working really hard to... — read more 

And in separate news…. McDonalds is planning a retreat in it’s hamburger-selling activities, according to a published report. Citing unnamed sources, it is reported the largest burger chain in the U.S. is looking to reduce its ties to it’s... — read more 

Good luck trying to hub and spoke around this. https://eig.org/how-remote-work-is-shifting-population-growth-across-the-u-s/ Key findings New county level population growth data reveal that 2021 marked a clear break from past trends, not a... — read more 

I've seen a couple questions like this posted over the past year but can't find them in the older posts. When someone moves into a new role with the same level/job title, are there any current considerations for a salary bump? Especially if my... — read more 

https://newslink.mba.org/mba-newslinks/2022/august/mba-newslink-monday-august-15-2022/wells-fargo-plans-major-retreat-from-mortgage-business-it-long-dominated/

If the bank had been more progressive we wouldn’t be in this mess.

New talk of span of control in the organization. Min 7 and max of 16 with 10-12 the goal. All needs to be corrected in 2023. Sounds bad for managers.

If Wells Fargo cares so much about “well being” and “health”, why don’t they support 100% work from home? Less commute time, less overall stress, more time to go for a walk/exercise, etc. It’s non stop lies. It’s a game. You would think they... — read more 

Trio of things to never do. 1. They will always lay you off after you relocate. 2. and 3. And if you know of misconduct or corruption never go to HR or call the ethics hotline they're for the purpose of singling out employees to destroy them. Take... — read more 

It seems like there’s an explicit strategy to get rid of HMCs to lower the cost of loans. All mortgage referrals from branches now have to go through a centralized call center in many cases rather than being able to go through the local rep. Does... — read more