Does it exist anymore or did it fold into Wells Advisors? And Abbot Downing as well? There used to be some prominent PB teams but they all seem to be gone or half gone now. They had many big relationships at one time but that didn’t seem to fit the... — read more
RTO and Delta
How many times have RTO plans been delayed since last year when COVID began? I lost count. Has to be at least 6 or 7 times. Is it really realistic we're going to hit the mark in Oct. when Delta is raging across the country!? When is the ELT and OC... — read more
Some areas are still expanding
Lots of layoffs/consolidation happening but WF is expanding the Premier Banker position. 2100 Total at beginning of 2021, looking to expand to 3200 by end of 2022. I am sure there are many other jobs/LOB’s that are expanding as well out there. It’s... — read more
Instead of trying to be our competitors, poach their employees
Has any leader thought "with polls showing RTO is not what majority of employees want, why don't WE keep WFH for those that want it and poach the really great talent FROM our competitors?" I should get $10M for that idea
Wells Fargo HUGELY penalized by fed in latest CET1 requirements
Capital reserve requirements are an important tool used by the Federal Reserve to assess the balance sheet risk to the financial condition of a bank. Since the great financial crisis, banks are now required to undergo annual stress tests to assess... — read more
Has Wells Fargo ever valued or respected its employees?
Was there such a time? It's obvious that right now they couldn't care less about us considering they are forcing the return to office despite knowing full well that the overwhelming majority of employees doesn't want it. That's just the latest... — read more
The Height of Hypocrisy
New training courses rolled out for Corporate Risk employees - one is "Climate Risk: A Hot Topic." An overview from the Head of the Climate Risk Group on WF's commitments with climate as a risk driver. So, how does this climate risk mitigation... — read more
Wells Fargo postpones return-to-office plans by a day amid coronavirus surge
KEY POINTS The bank is now aiming to kick off the first phase of its RTO plan on Sept. 08, from a previous Sept. 7 target, according to an internal memo. “We will continue to monitor the situation and make further adjustments if required,” the bank... — read more
Benefits
Are they changing our benefits with health insurance? Also heard rumor on stock option discount? Any truth to this?
Tech color guidelines for status
Don’t dare use yellow or red anymore for status reporting. It’s a negative association with the WF brand. We now have to use custom rgb colors of orange and coral. Yes this is for real from the tech secretaries in the bus offc
Why is Wells Fargo paying big bucks for a CEO who’s only plan is to make us mediocre version of the other big banks?
There are plenty of capable candidates who can follow other leaders’ business strategies for a much smaller paycheck. Followers should come cheaper than true leaders. I think I could effectively carbon copy our competitor’s’ business strategies for... — read more
RTO changed to 10/04
Due to increase in Covid-19 cases RTO is pushed back to 10/04 this is subject to be changed again most likely.
Loyalty is Admired, but never rewarded
I'm a 25+ year employee in a leadership role. I was moved to WFH 12 years ago, not my choice, but theirs. I had guidelines to adhere to as a remote employee. I invested 1000's of my own money to create an office that would allow me to meet the... — read more
For those who are having to RTO, from branch employees
Just wanted to say thank you for all you do. We couldn’t function without your wonderful support from the back office, making are jobs so much easier as we never have to deal with system issues or policies that attempt to mitigate risk but in reality... — read more
WFH made me want to stay at WFC
I was ready to leave WFC before the pandemic. The job was becoming a joke considering we were seeing benefits and perks being removed on a monthly basis. But then the pandemic happened and we got the chance to work from home. And suddenly half of my... — read more
Exhaustion
I am so mentally and physically exhausted from this place, I can’t even sleep lately. Just tonight, I have now woken up twice with a crippling dread for everything here and to come. I’ve never tried so hard to tune out my thoughts and life to TV... — read more
US Bank delays RTO due to Delta
Well, thats one down. https://www.cnn.com/2021/08/04/business/us-bank-office-return-delay/index.html Will the m0rons at top finally get a clue? Just because you dream something to happen, and you say it often enuf times, does not make it come... — read more
RTO Delayed
What is the latest on RTO? I heard today it could be delayed, from my boss.
For those of us in a non East coast hub...what do you think the long term survival will be?
I am in Des Moines, IA. While listed as a hub today I do not see that lasting for more than another 5 years. The culture here just does not mesh with the East coast and I have heard enough (not so subtle) digs about Des Moines to know the executive... — read more
What are your drawbacks when it comes to working from home?
We know the good points (no commute, etc.) - what are some drawbacks as you see it...
Great article - "The Great Resignation - Why businesses should act before it is too late"
Came across this on LinkedIn. Is a good read. https://www.odgersinterim.com/us/who-we-are/intelligence/the-great-resignation-why-businesses-should-act-before-it-is-too-late-5029/
Risk and Wells Fargo
For years now we've been trying to deal with the consequences of the scandals. An entire Risk organization has been buikt (sort of) to ensure we manage risk and audits abound to ensure that tgise controls are in place and working. My observations... — read more
Can't move up. Can't move out. I hate this place.
Spans and layers has made it pointless to bother even trying to advance (paltry salary and bonus increases aren't worth the accompanying extra, more demanding, and more complex workload), and the location strategy has made it near impossible to move... — read more
Why did you come here?
Those who joined Wells Fargo in the past several years, I have to ask you, why? Did you not do your due diligence? If you simply googled Wells Fargo you would have known how bad this place is. I can't think of a single reason other than that you were... — read more
Schart on new Employee strategy: "We will get it done"
Yesterday at the Chicago Business roundtable Schart talked about Wells Fargo's new strategy on employee engagement and inclusion. Valuing employees and their contribution. At Wells Fargo employees will now be referred to as partners and they are... — read more
Thank you from the TLT! is blatant
This 'thank you' is a blatant appeal to have you score the management ( not leadership) team higher on the global employee survey. And an unveiled way to say 'you are coming back to the office' so we can have coffee and conversations around a white... — read more
Is your manager terrible? Here’s your chance
Let them know how you feel about your manager on the survey Be fair. Be tough. Be honest.
Global Employee Survey is Open
Is anyone planning to answer it honestly with negative scores?
I can't wait until this is no longer an issue
I wish people would get as fired up about the horrible working conditions, lack of proper raises, constant cuts in benefits, rampant nepotism and cronyism, and a myriad of other important stuff as much as they do about vaccines. How about a walkout... — read more
Executive Tone is the Problem
The problem with senior leadership right now is their TONE. The TONE is clear. We are distancing ourselves from the old Wells Fargo. If we play Liberal, we will get lunatic Elizabeth Warren and the Federal Regulators to pull back. The TONE is... — read more
This is not a normal work environment.
I wish everyone finds the grass to be greener on the other side. This is not normal to stress your workforce out to the brink of quitting. This is not normal to NOT communicate with your employees, gas light them, and string them along. This is... — read more
Project Falcon
https://www.dallasnews.com/business/real-estate/2021/08/02/wells-fargo-eyes-las-colinas-for-new-office-campus/ Is Wells Fargo, code-named ‘Project Falcon,’ preparing to land in Las Colinas? The banking giant has been shopping North Texas for... — read more
Frederick, MD RTO
C1,C2,C3 leases expire(d) Starting Labor Day, force employees to RTO but only ‘100’ a week because we don’t have the space or project managers to manage this mess. Force employees to RTO, even if they worked from home - pre pandemic. Progress... — read more
How many VPs to run WF
Why does WF have so many AVPs and VPs? Taking the token title away and making bonuses actually based on something could save a lot of jobs\money.
Don't count on unemployment if you are fired for refusing to get vaccinated
"Yes. In most areas of the United States, if you are fired for breaking a company policy, you are not eligible for unemployment benefits and... — read more
Dallas, trying to be like JPM
https://www.dallasnews.com/business/real-estate/2021/08/02/wells-fargo-eyes-las-colinas-for-new-office-campus/ Who wants to live in the hot, congested concrete hellhole?
Charlie?
Doesn’t he just look tired?🤷🏻