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
FedEx package arriving 01/13
I received notification from FedEx that I have a package arriving 01/13. FedEx states it weighs 2lbs. Could this be the WF layoff package? Package is coming from WI. Thinking it may be Covid supply stuff.
Does the severance package / salary continuation include a non-compete?
Does the severance package include a non-compete? If so, how long is it?
Posts with names?
How come some posts with names are allowed like the "Jimbo McHale" one has been up for days and then some posts are removed - I saw one the other day with a specific HR party named and that was removed.
What Happens to our 401k Gains during this transition???
My 401k would be making money right now. But with it inaccessible during the "transition", what happens...? Do they cash out our 401k's and then move them "as cash", or what? Are we just SOL on any gains that happen during this time? ... — read more
Making change happen (risk course)
For those who are in risk roles and need some levity, go to develop you and take t he required course in “making change happen”. I’d really like to know how much wf paid for this course. I’m sure it wasn’t cheap and goes to show how dumb leadership... — read more
Looks like we're making some progress
https://www.americanbanker.com/news/wells-fargo-released-from-one-enforcement-order-still-has-10-to-go One down 10 to go.
Ask every large meeting about long term strategy
Hey all - if you all are concerned as much as I am about if the board is looking to piece out Wells Fargo and sell it entirely please start bombarding them anonymously with questions about their long term 3-5 to even 8 year strategy in all of the... — read more
Tech Secrataries
What is the purpose of someone using F7 (spell check) on CR's that are written by someone else? Middle management is afraid of technical people cause they dont know the domains they work in
Paying good employees to leave
You know what is most disheartening about the constant layoffs at WFC? They never hit the people who are the worst performers. No, they're intentionally targeting the most experienced and talented people to get them off payroll - they are basically... — read more
60-day notice for laid off employees eliminated?
Heard from a manager friend of mine that the updated 2021 employee handbook which is coming out shortly has deleted any reference to a 60-day notice period in the case of a displacement. Can anyone confirm?
Jimbo McHale is retiring in January 2020!
He will be leaving WIM Compliance and spending his time golfing in South Carolina. He will be replaced with a JP New Yorker who will be named shortly. Bye bye Jimbo.
Wells Fargo says federal agency ends anti-money laundering consent order
Wells Fargo & Company said on Tuesday the Office of the Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after the bank took steps to remedy the problems. The end of the... — read more
New position at Wells Fargo
Hi guys (and ladies), I posted about a month ago when I accepted a new position at WF. Unfortunately I couldn't really figure out how the site worked and my post fell way behind and some people asked me to reply. My situation is that I was working... — read more
Colorado Healthy Families and Workplaces Act
"Employees who are eligible for PTO will not receive additional PST beyond their annual PTO balance." So...before, I could take time off if I felt sick, but NOW, I can take time off if I feel sick? Stupendous!
Branch Closings
My rough estimate from the OCC site is 406 closures in Q4 2020. Not sure how that has been kept so quiet. I've only seen a couple of local articles mention the closures for their geography... — read more
Zacks Equity Research: Is Wells Fargo Poised For a Rebound in 2021?
https://finance.yahoo.com/news/rebound-likely-wells-fargo-wfc-134701715.html The short answer is: NO
Code of Ethics?
CS hires Jamie DImon's son-in-law (I'm sure he was the BEST man for the job) and then talks about ethics and doing what's 'right' in a code of ethics training video. Not quite irony. Hmm, what would happen if I 'raise my hand?' Still holding my... — read more
Wells Fargo starting to make moves into Investment Banking.
I am happy that the scandal is starting to become a thing of the past and the company is now moving on. Also it is about time we get into Investment banking. Technology and the proper talent will help us get there... — read more
Bonuses?
Ok, who has the inside scoop on how well bonuses will be funded this year?
The site name is "thelayoff"
Am I the only one who does not care AT ALL about a layoff any more? At this point it feels like doing nothing is just fine.
Is there a company on planet Earth that makes employees take more pointless training than Wells?
Death by training is a real risk in 2021. All my mgmt hierarchy cares about and the only time we hear from them is about doing all our training way before it’s actual deadline. They are petrified of ending up on a naughty list 70% of the... — read more
Access to 401k during cutover to new platform
I am sure it’s covered in the fine print but it’s disgraceful they lock us out of our 401ks for two weeks to do this. I could see maybe a Saturday and Sunday. But two weeks? What if there is a market event and we need to make changes? Seems like... — read more
EEOC filing and WF
Does anyone have experience with WF and EEOC filing? What do they do, especially if it is for an ER case that was researched and closed as no evidence, but there is STRONG evidence?
Why isn't there a company-wide hiring freeze?
It's tiring to watch so many people being cut in the name of cost cutting while at the same time the company is happily hiring more people all over the place. The ELT should institute a hiring freeze company-wide, not just certain areas, until they... — read more
I'm pumped for 2021 - Well Fargo #1
I love working with you guys.
9 billion more dollars to cut
As previously announced the ban was planning to cut costs by $10 billion over several years. 2021 will be a major bloodbath.
One things clear about Wells Fargo
It's turning around. 2021 will be a great year for this bank.
Everything here shouldn't be taken seriously.
There is A LOT of misinformation here and people saying things that are simply not true. I have a strong feeling that about 50 percent of the people here have no relation with Wells Fargo Employment and they are just here to troll. This place is... — read more
401k match
Did anyone else notice the change in the 401k matching plan for this year going forward? Match will be once a year on or about December 15...that will save a LOT due to layoffs!
BOSSES: CONSIDER CARING A BIT
Employees speaking out is here to stay. You’ve often wanted to yell, “Between 9 and 5, it is company policy that we do not care about anything other than producing widgets. Get back to work.” This latest batch of rabble-rousers aren’t... — read more
Started getting anxious about layoffs in 2021
Happy new year everyone. Just want to check in to see if anyone has any information regarding the layoffs in 2021. What are the dates and how many will get laid off in 2021?
Tales of Wells Fargo television series
LOL! I did not know there was a western series from 1957-1962. It's on all day New Year's day. What a shame that the bank's name went down.
Who, here, actually believes Wells Fargo is going to be a clean operation once the asset cap is lifted?
I’ll go first. No way. It’s a dog and pony show. They are cleaning up just enough of what was exposed of items A, B, and C to get the asset cap removed. But new questionable money-making schemes/scams will fill those voids. Additionally, no... — read more
Robertson - I have arranged for your early retirement - enjoy!
The new year will bring you just what you wanted
A pig tale
A group of us gals got together last night. Most of us are friends from WFC. One is from BAC. BAC friend asked us how things are at Wells lately. One gal answered, “They are trying to put lipstick on the pig, but not enough lipstick. It’s still... — read more
Job interview
I figured this is the best place to ask for opinions- should i mention on interviews that i was laid off? And how? Thanks guys! Keeping my fingers crossed i get an offer by feb 1st!