Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Employee retention is abysmal

It's not just seasoned employees who're walking away, new people are leaving within a year of joining. This is why I can't understand the talk about more layoffs. We're losing more than enough people, including those who make more and are usually... — read more 

Charlie's Town Hall

Good Lord...for a CEO of a large corporation...this man cannot speak at all. He is NOT a polished talker at all. I lost count of all the "uhhhs" and "ummmms" in his lil pep talk (that wasn't a pep talk!)...I was just able to listen to the replay and... — read more 

Work from home

Anyone get in trouble for working from home full time and not going into the office?

The Risk Org here is freakishly HUGE

We have like 4-5X the headcount the other large banks do for Risk. In addition we've spent billions paying outside consultants for the last 5-6 years just on addressing Risk issues alone. What's the deal with this place exactly. Is it just... — read more 

Call center break rules

Hello i have a manager who getting us introuble, saying people being away from they phone to long. Today I wanted to go up To the cafeteria and get my breadsticks on but was afraid to. HR was rude and forwarded me and put me on hold and I heard... — read more 

Can the government step in?

The asset cap isn’t getting lifted. The last effort is the Risk and Control Self Assessment also known as RCSA. Basically asking the front lines that have failed to manage risk to evaluate themselves. If the inevitable RCSA failure is enough to get... — read more 

The replay is live !

Skipped straight to Q&A. Happy that our questioned was really asked. Few thoughts: Charlie knows this is a bad place to work. He kept reiterating that the goal is to make this place a great place to work. Every person within my network here has said... — read more 

New HDQ?

https://www.dallasnews.com/business/real-estate/2022/08/01/its-official-irving-confirms-wells-fargo-is-bringing-thousands-of-workers-to-las-colinas/?outputType=amp Who do you think will be located/relocated here?

I've been at my new job for about a month

It's a smaller bank I joined for about the same pay but better benefits. In the last month, I realize how wrong it was to take the toxicity at WFC as something normal. It's not. Places with good work culture exist and I've realized that is more... — read more 

Barely any tech jobs in California

A small bit of jobs in the Bay Area, but not Southern California. What gives HR? WF prepping for that eventual California leave?

Bigger Raises This Year

Charlie during yesterday’s town hall said this. What do you anticipate that could mean? Maybe 4% on average? I think a typical raise is 2% historically it seems like.

Quiet Quitting Trend

In the news lately, the quiet quitting trend - is it just me or does this sound like the healthy European way of treating your job? Not as an all-consuming trap like Americans, but as a vehicle that allows you to earn the money you need to enjoy your... — read more 

All RCSAs must be done in person?

Someone recently commented that all RCSAs must be done in person. Does anyone else have any info on this / is it accurate? It’s 2022 not 1985….

Nate H

What has Nate accomplished? Getting structure in place? Hiring a bunch of people? Not trying to be mean but literally, what has been accomplished by front line risk? Everything they do they have to re-do. There doesn’t appear to be any solid... — read more 

Remember when

Remember when Charlie first started and every town hall would open with some sort of risk management framework update? I guess that was 3 CROs ago. The asset cap isn’t going anywhere. There’s no reason every town hall shouldn’t open with an asset... — read more 

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| 1043 views | | 1 reply (August 4, 2022)
Post ID: @OP+1i3qaWE6

Were town halls ever useful?

Or was it always just an opportunity for management to parrot the usual issue-of-the-day while expertly evading providing any real or coherent answers to questions and things employees actually want to hear about? Is that the whole twisted purpose of... — read more 

Wells Fargo is strangely the #1 Bank again

JP Morgan - Dumpster Fire BofA - Dumpster Fire CITI - Big Time Dumpster Fire Wells - has the biggest upside of any of them Its going to soon be a golden age for banking with increased NII. But this place is going to lead the pack.

Let’s Test My Theory: CEO Town Hall Edition

Okay team members…I’ve always thought/known that they filter questions during these town halls. Let’s test that theory by everyone submitting the same question during the event to see if they ask it. If they get thousands of the exact same question... — read more 

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| 6091 views | | 54 replies (last August 4, 2022)
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I don't care about my job at all

It's true. I literally couldn't care any less about my job. I stare off info the distance. I get work done, I just can't stand it. If your job is to help people, then hopefully you like your job. But the rest of office work is terrible. BTW, we... — read more 

Relatives

If you listed relatives that work at WF when your applying for a new role, beware that it can take several days before they will share with you the offer. Apparently this is new as part of Workday. Part of verifying if there are any conflicts of... — read more 

Imagine if we had transparent leadership

We spend so much time speculating about things that shouldn't be a secret. Things that the leadership should be communicating to us instead of trying to hide for whatever inexplicable reason. Transparency shows respect for employees. The lack of... — read more 

It is fine ur not coming: cancel your parking then

I decided to come back 3 days a week when kids start school in a few weeks. Problem is in Charlotte the 6 wells fargo parking lot areas next to wells fargo 2 and 3 are full and have months of waiting... If you don't come in save yourself some money... — read more 

August layoffs

Isn't there usually a major round of layoffs each August? What are the chances the trend will continue?

Citigroup

I know some people who left for Citigroup. I have heard good things about the culture over there. Anyone have opinions on working there? What are your experiences?

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