Predictions?
Working on PTO
I love working on PTO to meet arbitrary deadlines. That’s it. Back to work. Thanks
Getting rid of experienced employees
I have to state from the start that this is not just a Wells Fargo issue, this is the entire industry's issue. It has become a custom to cut experienced employees to fix the problems created by incompetent and self–serving upper management. This has... — read more
FInTech Takeover
Top 5 Tech companies that might merge with Wells Fargo IMO Microsoft. CS is on their board. Perhaps a double agent. Microsoft can afford to spent around 10 % of their Market Cap and a good way to grow their business even further. New Name:... — read more
Looks like J Dub is a dub....
Head of Private Wealth gone.... We are cutting thru execs like a warm kn––e through butter
Internal Recruiting
Anyone else having a terrible experience with the process? Interviews, then nothing, no communication, no decency, just plain unprofessional. Everything takes forever and a day. Never seen anything like it.
Site closures
One reason employees are laid off is that the company simply wants to close the site. Maybe they are selling the building, maybe the lease is up and the cost is to high to renew, maybe the building doesn't fit into the location strategy, whatever... — read more
I hate not having an option to walk away
I hate working here. It’s not just the bad working conditions and everything that entails. I have to struggle with the morality of what I do every day. I hate even more that I’ve been trying for a long time to find a new job but outside of moving I... — read more
Don't burn bridges if you don't have to
I see so many people here bragging about planning to leave without even giving the two weeks' notice and others cheering them on. While I know it's so tempting to stick it to the company or your manager, I'd ask you to reconsider for your own sake... — read more
With lumber prices so high,
How much deadwood can WFC supply to alleviate the situation and help bring the prices back down?
Interesting article, if you’re in the mood.
https://www.yahoo.com/lifestyle/mcfamily-feud-scandal-lawsuits-cultural-103050326.html This article is from April 05, so some may have already read. It’s long, but an interesting read because in some ways (not all), it mirrors the changes and... — read more
Are they done with layoffs this year?
Were the 60,000 jobs slashed already?
CISO left, he wasn't fired
He moved over to iCapital as CISO. I find this more disturbing than him bring fired. This means he was looking for some time now like the rest of us. A new CISO means new thrash and even more reorgs. It is going to get difficult soon I think... — read more
It feels like the asset cap will never get lifted
Don't you get that feeling from working at Wells? I haven't heard anyone higher up mention anything...
WF stocks traded at almost $45
And we still have constant layoff and reorg intimidating employees. Capitalism is definitely real at WF.
Attrition
Regarding my previous post... I told my supervisor she is the worst manager I have ever had and an even worse excuse for a human being. And I'm still here. No need to hide. More context: I got away with saying that because if she went to HR to... — read more
It's sad reading all these posts
I come here to guage sentiments and morale. All the posts on this site are symptoms of: Poor & ineffective communication at many levels Failed leadership & EE engagement Failed relationship management A lack of mentoring and... — read more
Moody Blues Question - Nice Peaceful Inspirational Music from 1970's
This is what we used to listen to when we now older IT technical employees were teens. This is a nice song. The Moody Blues are fine band. They have remakes from when they were older but I like their original from when they were young and first... — read more
Innovation
We must innovate, if we don’t, we fail. We got the best people to do this, Rock on!!
People on Leave keep their job while those working Don’t?!!
It is RIDICULOUS and so unfair that people are out on leave (partying/traveling/practically TAKING ADVANTAGE) and they get to continue on getting paid and keep their job....while those working and being the front of the company don’t??!!! Why??!! ... — read more
Not keeping it in the family
My nephew graduated last year from college and has applied at quite a few companies but has had no luck in securing a job. He has considered applying here but I am adamantly against it. Am I wrong for not wanting him to work for WFC or should I just... — read more
I don't get their logic
They implement a new process, give us no training or explanations, we manage to figure it out through trial and error, and just when we think we can move on and continue to work normally what happens? They implement a new process, give us no... — read more
Morale issue
So I am a new grad joined WF last year through a campus program. Interestingly, when I talked to my peers in the same class, quite a few of them mentioned that they started looking for jobs already. Is that really what the management want? A really... — read more
Which Executive is next to be Chopped?
With recent high level Executives departing like head of HR and CISO. Who is next? I would assume it would be someone that was not originally hired by CS. Below are my rankings from highest probability to lowest. SVB M.Norton P... — read more
Curious - WF units and divisions being sold off
I am part of the group of non core assets that announced a sell off from WF. We are all waiting anxiously to see what is next for us. Question is, with the new WF office space we have been in, does this mean WF would no longer have us enjoy our... — read more
Hubs
Does anyone know of groups not doing hub locations? I'm in risk and was recently demoted for the second time in 3 years for "reorganizational efforts"...whatever that means. My morale is at an all time low. I have applied for other jobs in risk... — read more
Galloreese is out!!!!
Best news ever. Charlie may not talk much but boy can he size people up and drop kick the bad apples.
Get Out Now: 7 Signs of Bad Business Leadership
1- The Use of Fear-Based Tactics/threats to control employees 2- A Variety of Communication Missteps 3- Interoffice Politics and a Divided Team. ... 4- Constant leadership upheavals 5- Morale is Low 6- There Is a Revolving Door of Talent 7-... — read more
Wells Employees be careful when viewing this site
We are being asked to look at proxy logs to see if anyone is viewing or especially posting to this site. I also believe it is about to be blocked. Remember nothing is really anonymous if you are using a corporate device or the guest network.
tech location strategy
for anyone that was asked/told to move to a hub location: now that they've announced back to office in September plans, are you being asked to relocate by then or any updates on the process from anyone in the know? Seems like SVB has gone a little... — read more
401K match question
I’m newish (2nd yr) is our match unvested throughout the year and the cash is just held back until year end OR are we losing out on dollar cost averaging bc the match is all invested at once on one day at the end of the year?
Happy Song
https://www.youtube.com/watch?v=y6Sxv-sUYtM
Is there a ranking of the worst places to work for?
I just looked at Fortune's 100 Best Companies to Work For just to see how other banks are doing and of course, a few made the list. Not us, of course. If we want to make a list, it has to be for the worst place to work for. I can bet you whatever you... — read more
Q -1 - 2021 earnings
Looks like WIM is carrying the rest of the business. As WIM was up Big in all areas, even though efficiency was at 85% still making most of the $$$.
CISO finally being pushed out...
Good riddance... Pack your personal belongings into your leather Coach duffle bag and see ya later... Horrible leader...
Public Affairs Layoffs
When will the next round be? Does anyone know how many?
List of well-known financial companies who’s leadership drove them in to the ground.
You think it can’t happen here? That is exactly what people said about these once-successful financial companies back in their prime. You can’t always see it as it’s happening, but after it’s over, the handwriting was on the wall. G. Becker &... — read more
The head of layoffs has been laid off
Oh the irony