https://www.fundssociety.com/en/wells-fargos-wealth-investment-management-is-exiting-its-international-segment 300+ advisors will need to find a new home. Financial Advisors are in Californiaa, Texas, Miami, and NYC. I saw somewhere that the... — read more 

Anyone hearing when the next rounds of bigger cuts will be?

Go to page 17 it lays out a pie chart of areas for cuts. 35% of the 8Bil goal will be accomplished through “Organizational Structure Optimization” aka layoffs. Thoughts?... — read more 

What does the earnings report tell you? Bad times are not over. More layoffs? But also need revenue growth to get out of this hole.

Thoughts? Here’s the article link but in case a paywall pops up here’s the content below: https://www.ft.com/content/0df637b6-9a1f-45bf-ac65-598418da28a8 Wells Fargo said on Friday it could cut $8bn from its cost base over the next three to... — read more 

Anybody else get the sneaky "shared success" email this week that was actually a solicitation to "Redeem your safety kit now". Within the message were instructions stating that "once you recieve your kit, please set it aside until you return to... — read more 

Recently, risk management has been preparing paperwork to let a ton of people go. Get ready End of Jan/Feb/March 2021

Will CS: announce more layoffs? announce sale of WFAM? address the insurrection/impeachment? cause our share price to rise/drop? announce NYC as new headquarters? set new efficiency ratio goal? mention slow rate of layoffs were... — read more 

A customer came in today and gave me a plate of cookies to share. I was kind of shocked, never happened before to me. I used to go to the gym and be way more optimistic on life, last year was horrible gained weight etc... Anyway it sparked... — read more 

1/14 is final day of 52 week SC. Could not have come at a better time. A year of no WFA pressure and no worry about Covid from coming to work. Now on to retirement and best wishes to those left at WFA. Hope Chuck sells you to someone soon before all... — read more 

2020 was my first year at Wells Fargo. I can’t find the answer to my question in Teamworks. When do I have an opportunity to negotiate my raise in a typical year? My manager is making it sound like it’s dictated to me in a few weeks but that can’t be... — read more 

Hey everyone I’m newer at WF and lots of changes obviously. Does anyone know what the minimum severance is even for an employee less than 1 year of service?

2/5 is coming up and our team hasn't heard anything. Does Wells wait til the last minute, or does everyone getting a bonus already know by now?

https://seekingalpha.com/news/3651482-wells-fargo-set-to-unveil-cost-cutting-plan?utm_source=news.google.com&utm_medium=referral

Has anyone read and digested all of the new HR Policy updates...like only a 45 day non-working notice vs 60 days previously? Are there other biggies?

Hoping it keeps on going up and one day - one day my friends is higher than JPMC

Most of the commentary on this site is hilarious. Add in the fact that there are non-WF people posting and commenting, others come just to stoke fear and see if they can start rumors, and then the media actually reading and writing articles based on... — read more 

Looking for help here - tried to find on my own via teamworks but no luck. I am strongly considering a job offer outside of WF and expect the offer in the next 24-48 hours. That being said, a two week notice would bring my last day into first week of... — read more 

Pretty sure SVM1 role is gonna look a lot different come Thursday 1/21. Probably being demoted to lead. Thoughts?

I hate these things. Anyone can say something negative and give you an unfair rating.

Does anyone know if empower allows us to do the mega backdoor Roth contribution? www.thinkadvisor.com/2020/06/29/the-mega-backdoor-roth-explained/%3famp=1

Site is being sold. Most will work remotely going forward until they leave.

(Skip to the end for Q&A. Audience was mostly Tech) Elevator music. Operator says meeting will begin shortly. A different operator talks about support. Hard to understand his accent. Meeting starts 10 minutes late. Happy New Year. Can... — read more 

Now we have another new organization where we will see a lot of high priced leaders added as they are cutting everyone else, just for the purpose of good optics without any substance.

Check out reviews for our new 401k administrator Empower, they are horrendous particularly on yelp of all places. They are legit but they also are incompetent in handling customer requests. I plan on rolling my money out of there as soon as possible... — read more 

Just noticed today (1/12) that the handy dandy chart that used to show how many weeks severance you'd receive has vanished. And on the POLICY LIBRARY, there is no chart. There IS a place to click and get to where it SHOULD be, but AMAZINGLY it's... — read more 

here we go. post away!

I have a manager in SF that has dozens of directs and has been giving "inconsistently meets" to team members in Charlotte. These team members had either "meets" or "exceeds" ratings over the past 2 years. This reflects a belief that San Francisco... — read more 

Are there any displaced employees that have been re-hired back from the company to join another group within the bank?

I was looking at the 2021 employee handbook changes. It looks like Wells Fargo cut the 60 day notice period to all future displaced employees. Any chance I’m misreading or misunderstanding the edits?

I recently retired (12/31) from WFC and know that we have been in the middle of a conversion to a new 401k plan administrator. My impression was that we would be able to see our current balances starting today. When I signed in to my online banking I... — read more 

Would you leave your current company to join WF if it meant a solid pay raise? What’s the culture like at WF? Is there anything positive going on there? I know it’s hard with uncertainty and layoffs but genuinely curious before I make what could be... — read more 

The division ISOs are pretty useless many of them were recruited without security backgrounds and I knew some who were demoted into an ISO role or even hired with criminal records. I understand they're all under Corporate Risk under Mandy Norton... — read more 

Name a department or upvote for one listed in the responses below. I'll begin: Consumer Bank Group (CBG)

Hello WF peeps, do you have any insight on how many layoffs in 2021 so far?

I love how when a large group of people accidentally get an email the number of people that reply all and tell everyone to stop replying all. Common sense folks. Perhaps they should be the ones on the chopping block. Now time to go delete the 200+... — read more 

“ Wells Fargo has $25 billion in excess capital right now because they're not allowed to do anything with it. They're also limited in how much dividends they could pay this year. If you remember, Wells Fargo was the only one of the big four that was... — read more 

It feels like Wells has lost the plot again. Now the new obsession is nps and COMPLAINTS. How many complaints did you log today? Why did you not log more complaints? Do they deliberately want you to fail?? I’ve seen this movie before and I DON’T like... — read more