Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Skype offline

Is it just me or a lot of people randomly “offline” with no out of office messages on...?

More layoffs in Auto, please

Dear layoff deciders, Please don't forget about little Auto. Letting go a handful of managers is an ok start, but let's get to the real cost savings. There are functional redundancies galore. Entire redundant teams of 'consultants', 'liaisons'... — read more 

Long-term profitability

Has any company ever successfully cut its way to long-term profitability? I know layoffs look good on paper for the first few months but when the lack of productivity of the laid off employees catches up, things start to look muddy. Considering that... — read more 

Should I retire at 45?

$1.9 million stock market, $500k of which is outside of a retirement account $360k cash Own both cars Wife make $150k per year. I’d be walking away from $170k per year. Up vote for yes Down vote for no

There is no rhyme or reason to WFC layoffs

I see people trying to make sense of layoffs here, speculating it's always the first or last week of the month, or a certain group gets hit on this or that date, or major layoffs happen once each quarter... I understand a need to try and predict... — read more 

Which groups will get hit this month?

The pattern seems to be that layoffs happen during the last week of each month, usually but not always on the Thursday. So who will get hit in March? People in my group are so anxious it’s affecting their health. My manager is so nervous he’s... — read more 

What I learned

What I learned working in this abusive workplace is, only help yourself, most of these workers here are brain washed that they are nothing. You can only help people that want to be helped, but in a place like this there are only so many you can... — read more 

Volunteer to be laid off

Questions for employees: Has anyone let their manager know if they need to pick someone to lay off you don’t mind to volunteer to be the person? If so, what did your manger say? How did he react? Questions for managers: What do you think? Is it... — read more 

Everybody working at WFC deserves a medal

I'm not talking about the managers, of course. They have it made. The rest of us are constantly overworked, mistreated by said managers, not allowed to take days off when we want to, and not paid enough for the c-ap we have to put up with, among... — read more 

Discrimination for Health Issues

Does anyone feel like they are being discriminated because of Covid-19? I even had a manager tell me no one is going to want you. This company needs to clean house.

POP up ATM's

Anyone else notice the new Wells Fargo ATM's that have just popped up in the middle of parking lots of middle size shopping center recently? Very small ATM's for drive up only. Just noticed 2 in the space of a 4 mile drive. I guess these are to... — read more 

2021 Objectives

So we were finally told our 2021 objectives this week (2.5 months into the year). One listed was "do more with less." So now individual contributors are being lectured about the budget, though we ZERO control over it. Do more with less, there's your... — read more 

Just sharing about 401k moving to Empower

I just left WFC in 2021. I wanted to electronically transfer my WFC 401K balance over to my WFC IRA account. No can do! (Yes -I am over 59 1/2). Empower does not have a signed agreement with WFC to accommodate electronic rollovers. That is real head... — read more 

Dumbing Down Wells Fargo

Selling off Asset Management, exiting international wealth business, dropping the Abbot Downing brand, exiting the retirement-plan business, selling student loan business, failed attempt to sell the private-label card unit, talks of selling the... — read more 

Employment verification and eligibility for rehire

Does anyone have specific information on how to find out if WF has flagged a former employee as not eligible for rehire? Also if a new potential employer calls the verification line, does it indicate if the former employee is eligible for rehire or... — read more 

We need better training

Training for new employees is lacking, to say the least. We are at the point where people are leaving constantly because they are thrown into the deep end without being prepared properly. Then we get new people who are trained poorly and again thrown... — read more 

Wells Fargo does not have the family atmosphere

I am used to. I can't say it's just Wells Fargo. I have worked with a few of their competitors and it was the same thing. It's nothing like spending all day with coworkers that you care about and vice versa. WFH has shown me that I don't miss any... — read more 

WF cash vault

As a employee WF is laying us off at a CASH VAULT. The top executive's force employees at banks to start fake accounts then us "little guys" are paying for it and now we are out of a job. Disgrace and saddened to have to leave.

Premier banker

Anyone have any insight on the future of this position? I am a premier banker 1 and would like to know what needs to be done to get to the next level.

Tech and operations both now 50% India staffed

Quality has degraded significantly. Tribal knowledge has been eliminated - these india folks cannot think outside the box (or script). Every code base I've seen produced is a convoluted heap of spaghetti pasted together from stackoverflow. To... — read more 

Tired of the outsource counterparts

So I am working with an outsource counterpart in Asia. Basically that person still expects me to do everything for him and always tries to attack my work. I am really tired of this. Not sure what value do they actually add to our firm. So damn sad.

How do we rebuild trust with customers?

What do we need to to to regain trust with our customers. People are sceptical and do not trust us any more, just ask any customer you come across. Wells Fargo may not continue to exist if this continues - you cannot have a bank that's not trusted... — read more 

Flood of geniuses

Whomever created requirements for jobs at Wells is 100% responsible for the current state of mediocrity across the enterprise. Go figure: Genius isnt a requirement for a job anywhere there. Genius with 2 years experience gets you hourly rate job... — read more 

Service Manager Role, etc.

I’ve heard from a partner of mine that the Service Manager Role would move to more of a supportive role to the Branch Manager for larger branches that exceeds the span of employees per manager in the branch. That means not every location would have... — read more 

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New HRA co-pay plan-more flexibility??

In the past the employee did not have have access to their HRA account. The account was used when eligible expenses were billed to the insurance company and it help offset out of pocket expenses that one may have not planned for. This year an... — read more 

Getting really tired of this

Anybody else getting tired of being expected to keep pressuring a customer into a sale even after he or she said no, repeatedly? When did this become a regular part of our job? I basically have to harass people for a living and there's nothing I can... — read more 

location exceptions

anyone know if the control executive or other FL teams are granting location exceptions? Heard recently that corporate risk will not, and will also not allow telecommute agreements (even for existing) which really limits a lot of people for... — read more 

SOME STATES ARE STOPPING CRV CALLS?

Is it true branches in some states are stopping the practice of making CRV CALLS? I heard new laws came into effect in 2021 in different states that restrict crv calls. Not sure if this is true or not, anyone know?

Compensation

Heck why are so many Wells Fargo people are overpaid with corporate titles Wells Fargo Business Heads, ESVP, SVP, VP, AVP, Senior Managers, Managers and Seniors but many of us do significant work, reports and projects that Wells Fargo narcissists... — read more 

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