8/19/21

Now that the cutting is slicing through layers of management and employees, what do you make of the Bari/Bill relationship and whether or not it will implode in the next 6 months or 12 months? This could be a clue for those of us still in wait and... — read more 

You know its time to get a new job when your Sunday evening is spent dreading Monday mornings! Ugh. Anyone else feel the same? The only thing I am looking fwd to tmrw is a Zoom interview for an external role.

Offered internal role as AC3 for security and derivatives data within DMI. Should I take it? Is it “safe”?

Layoffs were always present at WF. From the day that I started working here up until now every year, we had layoffs in a bigger or a smaller portion, but people were never afraid of layoffs as they are today. Talk of layoffs replaced any other chat... — read more 

We have an employee in our department who is considered “protected” because he/she filed an official complaint against management. The complaint was investigated and found to be without merit, though I don’t necessarily have confidence in that... — read more 

Which locations are considered hubs besides MN, AZ & NC? Are any smaller hubs closing due to size and location?

WHERE ...... WHO........ WHOM........ WHY... WHAT...... WE...... WHERE THIS STARTED: Creation of millions of fraudulent accounts WHO PLANNED THIS: Leaders, Think tanks, Big Heads and Planners WHOME WE ARE LAYING OFF: QA, Tellers... — read more 

Our group got moved wholesale to some group I have never heard of with a name that sounds like they used a buzzword bingo word randomizer as a joke. On researching my new overlord, the senior is a newer hire with abdolutely no experience in what... — read more 

I know layoffs are never completely done at WFC so please spare me such responses. I'm more worried about the immediate than some undefined possibility sometime in the future.

This past week I witnessed FTE's and consultants kicked to the curb or dumped in other groups with no warning. For the consultants, it's not a big deal, we can easily bring our knowledge and skills to the other companies. For the FTE's it's life... — read more 

I feel for those who were laid off. I myself - was part of a mass layoff where an entire nationwide sales force, and engineering team was laid off, company-wide, nation-wide. We were invited to a breakfast at a hotel in different cities across the... — read more 

So screwed being new to WF - little less than 2yrs, what do you get if they let you go?

Rumors are swirling. There was a thread posted a month ago giving a heads up about June 24th layoffs, which was a “rumor” that did happen, rumor now is more to come in July, any truth to that one? No transparency for any of us and they could care... — read more 

It was here yesterday, it is not today...???

A day after big layoffs WF sends an internal communication with the title "We're Stronger Together". LMAO

I guess talking to each person individually and showing them at least a modicum of respect would have taken too long (Time is money friend!) so they decided to just get it done in one swell swoop. Yes, it might have been more efficient, but it also... — read more 

This company is screwing employees on vacation time, years of service. If I ever meet chuck scharf again it’ll be entertaining! And it’ll end with me pi----g on his loafers.

What a way to get let go after over a decade of employment

Heard a rumor that AC roles are being evaluated against the market to determine if current compensation is competitive. Anyone know anything about this?

Is it over yet?!

Any updates on if any of these roles were given notice?

For now. Let’s see how this day pans out.

Are they sending severance letters with the lump sum payout? I need it to file for unemployment. I looked through the displacement package and didn't see it. I will need this amount to file for u/e.

I keep hearing that they are doing layoffs, based upon Titles (ex QA Analysts and Business Systems Consultants (BSCs) which have been renamed Technical Business Systems Analysts (TBSAs). Is this true?

I said it before and I'll say it again - if the company realizes that your job can be done remotely fully and indefinitely there is nothing stopping them from outsourcing it as soon as possible. You're ensuring your own separation from WFC by... — read more 

Almost 4,000 fully vaccinated people in Massachusetts have tested positive for COVID-19 (yahoo.com) David Aaro Tue, June 22, 2021, 2:23 AM Nearly 4,000 fully vaccinated people in Massachusetts have tested positive for COVID-19, according to... — read more 

Band together as a group if your jobs are replaced by overseas workers and file for Fed TAA. The Trade Adjustment Assistance (TAA) Program helps workers who lose their jobs due to foreign competition, including work being moved outside of the United... — read more 

Anyone know if layoffs are coming up for PSG?

I decided to get serious about my external job search. I've always been a team player and thought I'd take one for the team and help reduce headcount like they want. Do you take the first offer you get to gtfo or wait on other interviews in progress... — read more 

https://www.americanbanker.com/news/report-that-cleared-wells-fargo-board-of-misconduct-gets-a-second-look

While RIF for QA excluding LGBTQIA2 due to DE&I. Can we stop with the acronym soup?

I received 5 displacement notice date discussion packets. All for notice before 2p central time on the 24th. I’m small time so if my team is getting hit like this who knows what is coming. Scared to say my group but we roll up under CEO of Corp &... — read more 

Has anyone told our executives that banking is no longer a dream job? I mean seriously. The days of your branch banker being a pillar of financial success and folks bragging about working for a financial institution are long gone. This new... — read more 

Why is the DMI area constantly hiring employees? I thought they were up for layoffs but it seems there are always positions available…

Auto was already a drop in the bucket in terms of overall revenue to the enterprise (4%?). Over the past year or so, the business has shrunk. Fewer used car loans (or bad credit new car loans) that won't be easy to replace with other business... — read more 

I'll be honest, quitting is not something I can afford to do right now and I doubt I could find a remote job that pays close to what I make right now so there wouldn't be a point. Being stuck here, I'm not sure how I'm going to get used to having to... — read more 

Next DSP wave will be Thursday the 24. Lots of jobs getting cut.

Or would a layoff be more likely?