Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

This company is in trouble

This attitude is exactly where Charlie & Co have done the most damage at Wells Fargo. Leaders can’t stack-rank, threaten, cost-cut, over-work and offshore this bank into becoming a successful organization. Culture is such a critical piece to building... — read more 

New study shows 40% of workers at risk of attrition

https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/the-great-attrition-is-making-hiring-harder-are-you-searching-the-right-talent-pools Upvote if you’re looking to leave, down if going to stick it out. My... — read more 

Some parts of WFH are not cool

Working remotely permanently had been my wish ever since my managers started calling me back into the office. There was no possible way I would suffer through hours of commuting to feel awkward in an office again. My wish got granted at the... — read more 

Mortgage Banking Does Not Exist Right Now

Everything is frozen. Nothing happens. Numbers are dismal. It'll be worse. It's just fu----g horrible. They are planning more rate hikes and we've already been pulverized. Where will this take us? It's so depressing.

Random Friday Advice

My husband and I started a new jo--t Google doc titled "Where Sh-t Is" and it is just a running list of where we've put random-but-useful odds and ends. It might be the smartest thing we've ever done as a couple. Maried for 14 years and this proves... — read more 

Who here goes to work every day intending to WIN?

I’m in a job where my bonus is directly linked to sales production, and I show up everyday motivated to win business. It’s pretty fun. Who else has this mentality where you’re excited and motivated for the work day, and what do you do? I’m a... — read more 

Inflation raises imminent?

Manager in my group received notices to prepare for raise conversations with employees Anyone know who is impacted? Salary? Non-exempt? Percentage? How much? Is there a salary cap where those over get nothing?

The Enemy is Adverse Selection

Wells Fargo is shooting for adverse selection vs. positive selection. Hire the right people or hire the wrong people? Polished wizard with an impeccable record or Conor Tolkin? What are we doing? We are not trying to attract the right people... — read more 

HR - Just a Reminder

HR has never been on the employee's side of things, they are charged with keeping the reputational damage and any perceived discriminatory employment practices to a minimum, their day will eventually come when they terminate the long term employee... — read more 

Massive Layoff October 20

Expect to see a WARN notice this month. Groups impacted are Control (significant), Operations - except contact centers, and non-business aligned marketing functions.

Mid Year

Has anyone had their mid year calibration discussion and received a salary adjustment/mid year promotion? Or heard anything about that happening?

Exit interviews

Are these a thing anymore? If leaving externally or even internally?

I'm still blissfully ignoring RTO

I do more than most of my teammates who are going in three days a week. There's no need for me to change anything about the way I work. If this is something they want to fire me over, so be it. They'll be cutting off their own nose to spite their... — read more 

Managers! Do you get a report of your team on RTO?

I know, I know! I have read through all sorts of posts about RTO, not going in, reports, blah blah blah. But can a manager tell us what it looks like now (7/20)? Does it show IP addresses? Asking because I have been "sneaking" out after being the... — read more 

Officer title?

How does one get an officer title? Any insight on requirements? I’m in middle of interview process for associate manager and recruiter says no, even though all the associate managers in the direct org have AVP titles. What gives? It would be nice to... — read more 

Thoughts on WFC’s stock.

Charlie, with the Board’s approval, has already spent $20 Billion of the bank’s capital on buying back WFC stock this year alone. (That tells you where our leadership’s goals are: offshoring American jobs, laying off American workers, not... — read more 

FACTS ON LAYOFFS

The writing is on the wall everyone. This is part of the GDE initiative. They hired H1B workers to ensure their friends and family in India can get a job. This is all part of that broader offshoring effort 70/30 (target 70% offshored to India &... — read more 

Wells Fargo Interview

Hello, does anybody know the target compensation for Wells Fargo Control Director position (base, bonus) in Charlotte? I have an upcoming interview, but not sure if worth pursuing. Would this position be safe from layoffs due to the focus on risk... — read more 

Has anyone asked CS

In all of those phony forums and zooms and group chats and town halls, has anyone asked Chuckster the Huckster if he would consider offering retirement packages, instead of his continual and often unannounced head-chopping? Just wondering. It just... — read more 

Severance questions

Couple of questions in case I get the boot.. Is severance one or two weeks (for each year of service)? Is insurance covered for the month after your 60 days is up? Is any pro-rated bonus factored in as we're in mid-year now? Thanks, Willing... — read more 

Incompetent Managers

I have noticed a trend with Wells that they tend to hire managers with no experience. I have been with Wells several years and worked in a couple of different departments. Each time I have worked under managers that have to rely on their direct... — read more 

Wells fargo- job offer- how bad is it?

Got a job offer from Wells on friday. Currently with BAC. Its 20% higher salary...was told bonus would be 50% higher than current if in top half of investment team (not really sale role).. Things I would appreciate anyone chiming in on 401k is... — read more 

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