Dealt with 4 different team managers this week (1 in tech, 2 in risk/compliance, and 1 in CIB) and every one of them said they are hiring right now Not seeing or hearing of any layoffs but seeing lots of hiring
HR is not your friend
Good read https://www.businessinsider.com/microsoft-hr-layoffs-not-your-friend-former-vp-chris-williams-2022-7?utm_source=facebook&utm_medium=news_tab&fs=e&s=cl
Wells Fargo Compliance
Ok. So... let’s say you work in Compliance. Almost a 4,000 headcount. Things aren’t going well. Your job search is going nowhere if at a senior level because having “Wells Fargo Compliance” on your resume is a career ki---r. It’s easier for the... — read more
Impact of IRA
now that congress has passed the “Inflation Reduction Act” hiw many layoffs will need to occur to pay for it?
Google execs threaten workers with layoffs
https://nypost.com/2022/08/12/google-execs-threaten-workers-with-layoffs-there-will-be-blood-on-the-streets/ So many similarities, executives threatening and putting tons of pressure on sales staff, I wonder what could go wrong. I'm pulling my... — read more
ECMO is bloated - too many people
70 people in calls to make decisions and rinse repeat the next call - too many people trusted to approve changes. Will blow up in a year. Any other departments like thiS?
Impossible to be efficient here
"Enterprise" systems are getting slower and less responsive. Teams that support them are getting smaller but asked to do more. Busywork is increasing. Metrics are being chosen that have no bearing on real-world results. Yet we're constantly being... — read more
US Bank Guilty of Opening Fake Acccounts.. and they're buying Union Bank
I don't know about the rest of you but i've lost all respect for regulators. These guys seem to be 100% driven by political actors. Our banking and financial system have been corrupted by politicians.
Inconsistently Meets = PIP
If you get an inconsistently meets make sure you demand the PIP - meet with your manager weekly and in writing - I repeat - in writing - have a weekly summary of all duties and your performance. Make them earn every inch of that rating as we know... — read more
1984 - Be glad your not at JPM
https://www.yahoo.com/finance/news/many-ways-jpmorgan-keeps-tabs-144000130.html JP Morgan sounds like my worst nightmare. 5 Days a week in the office, tracking how long you type emails, your zoom calls, how long your on the phone etc...
Another lawsuit
WFC LAWSUIT ALERT: Levi & Korsinsky Notifies Wells Fargo & Company Investors of a Class Action Lawsuit and Upcoming Deadline... — read more
Officer positions gone from Workday hierarchies?
Was looking in WD, they’re all gone. Scars the scoop? Saving VP titles for actual executives instead of a thousand low level consultants?
Work location
What is the name of the program and how do we begin a request for a different work location? Since they are so dead set on making us come in. Thanks!!
Workplace CoP call 8/11
WF made it optional to report if you have COVID, so you can be sitting among people with active COVID and not wearing masks. Some said they are getting notifications almost every day about cases in their workplace and that's cases that are self... — read more
Loss of Hope/Joy
If everyone could explain in ONE WORD what made you lose your hope or joy at WF, what would it be? RTO? Chuckie? Money? Titles?
Every single one of the leader pictures you see each day looks like THAT customer at Starbucks
You know, the one with the needlessly complicated order and ZERO patience for the Barista. Case and point, the aligning controls to support our business email. Top of the house especially. Sharf and Santomassimo are DEFINITELY ordering a 15 word... — read more
Global Survey
Some questions have a “?” as middle choice others have “Neither Agree nor Disagree” Difference? Why have “?” as choice?
WFH 5 days a week? W
It will eventually happen- anyone hear anything?
ECMO - What is it like?
Looking at jobs. Is ECMO a decent spot? What’s the culture like there? Any groups / managers to stay away from? Or good managers I’d want to report to? Is RTO currently enforced in ECMO? (Staying Internal for personal reasons so yes, yes, I... — read more
I hope he took them to the cleaners
Wells Fargo, Hispanic Banker Settle Job Discrimination Lawsuit Wells Fargo Bank NA and a Hispanic former personal banker resolved his lawsuit alleging race discrimination and retaliation caused his termination, Arizona federal court records... — read more
JPMorgan Gold Traders Found Guilty After Long Spoofing Trial
https://www.bloomberg.com/news/articles/2022-08-10/jpmorgan-precious-metals-traders-found-guilty-in-spoofing-trial Where is the outcry on this? Can you imagine the if WF rigged an entire materials market, you would never hear the end of it. What's... — read more
When a job posting says you’re expected to work 3 out of 5 days in the office, is it actually enforced?
Cause fu-k that sh-t….
If it weren't for the possible layoffs
Wells would be a pretty good company. I like my job, my compensation, and my team and other employees. What is your take?
CLT Brevard Office
Does anyone know what parking is like at our brevard location in Charlotte? Does anyone actually pay the $100+ to park there? Also are the cubicle walls high or are they set up in a way where you’re sitting right next to someone and you have no... — read more
Post Asset Cap
What do you think a post asset cap world looks like at Wells Fargo? Do you think we will be better off than the other banks post asset cap because we are leaner and more efficient? What is holding us back from lifting the asset cap? Is it just the... — read more
You are a shareholder if you are a permanent employee. Time to stand up together!!
It is time for shareholders to start pressuring the BOD to get rid of this weak-kneed ineffective snake-oil salesman, and hire a CEO with vision, courage, and decisiveness. This statement was taken from another post on this site. I think we can all... — read more
Change to IAM Functional Role
Manager says I'm getting a change to my IAM Functional Role. No other information provided. What is this and should I be concerned?
Our manager insists on having a useless meeting every Monday morning. Can anyone relate?
This has been going on for years. He has sold his manager on the idea that the meeting is necessary to get everyone “in the right headspace” for the week. Employees have to set time-sensitive and critical work aside so this manager can validate his... — read more
ECMO Manager Hybrid Meeting next week
Wonder what this is about ? 1 hour long meeting for Hybrid policy and Q&A …
MLP CIB Control All hands on deck
What a useless meeting...
Advancement in the company
HR Town Hall this morning. To advance in your career you will need to consider relocation to a primary (Hub) location. That is the reality………. 😲
Remember the witch-hunt after our account fraud scandal?
Can somebody explain to me why the same thing is not happening with US Bank? They opened fake accounts for customers, got called out on it for a few days in the media, and then nothing? Barely any mention of it? Is it now suddenly acceptable to do... — read more
The Abused Contingent Worker
Wells Fargo’s abuse of its contingent staff has gone unchecked for far too long! Se-ual harassment, bullying, hostile work environments, participating in forced fraudulent actions are just a few of the mounting violations the contingent workforce... — read more
Layoffs based on location
Our department is hearing rumors about layoffs related to location-remote. We hear that you won’t be given an option to move to a hub location. Is anyone else hearing this or been through it? Any managers hearing about this?
Let talk Midyears
Recently joined a new group in Wells (in May)…my old manager wrote my mid year. There hasn’t been any performance, mid year or money conversation since joining. Since I have no one I can ask, figured I’d start here with my peers. Questions are- ... — read more
The Day Wells Fargo Closed
https://www.currentaffairs.org/2022/08/the-day-wells-fargo-closed
Corp comm disaster continues
Of course BR found a role where promoting herself and posting on social media is the job. And of course she supports women’s career advancement - think of all the women she let go on her team who went on to bigger and better roles! And those who quit... — read more
Question on people who have successfully moved internally
Seems like a number of people I know have applied to multiple jobs internally and gone months without hearing anything from the recruiter (including a rejection email) or getting officially rejected. For those who successfully moved internally: How... — read more
Desk Chair as bandaid
Polling the audience. Why not after soda & snacks. Looking for suggestions on desk chair brand that won’t add to torture. Gaming chair was a bust for lumbar support.
2 days in office instead of 3?
Someone recently commented: Some groups are testing two days a week in the office instead of three. I’m curious if anyone’s group is doing this and what areas are testing this. Prefer 5 days wfh but 2 would much be better than 3!