https://www.bloomberg.com/news/articles/2020-12-11/apollo-blackstone-said-in-talks-to-buy-wells-student-loan-book
Make some Glassdoor reviews...
With all the true frustration being posted her about WF, it would be a good idea to rate WF anonymously on Glassdoor. People who are looking to start working for them go there to get an idea of what it’s like to work for them...
unbelievable
I worked at WF 2 decades ago I left after my boss and HR harassed me for doing work, while my boss and workers were not and were involved in s-xual harassment and embezzlement. I quit without notice after taking the bank global with operations in... — read more
Will there be mandatory COVID-19 Vaccination at Wells Fargo
I am pretty certain companies can require employees to vaccinate. I have no plans to vaccinate and this may be a problem for me. I know that if I reach to HR directly I'll get a PC answer that will tell me nothing. So, is there anyone... — read more
Poll: Stack Ranking - Should Wells Put a Stop to Stack Ranking?
Upvote the thread if you think that we should stop stack ranking. Downvote the thread if you think we should continue wiht it. You'll need to open this thread to vote using up and down arrows.
What's your plan for 2021?
What moves are you working on? Are you about to jet?
Goldman Sachs Wells Fargo Rumor
The rumor is (see below) that GS is interested in acquiring our Asset Management Unit... https://www.pionline.com/money-management/goldman-sachs-named-potential-buyer-wells-asset-management-unit
401K / WFC
Just a friendly reminder to never own company stock. If you do, make sure it is 10% or less than your portfolio. Can you imagine the ones who contribute to their 401k and have 100% WFC and don't rebalance the contribution lmao. I know so many of... — read more
Two types of companies
There are companies that care about their employees and are bending over backwards to find options that would help them avoid or at least minimize layoffs. Then there are those that are using this crisis to cut as many people as possible under... — read more
New Software Developer Pens
Thing is being in technology is not as glamourous as it sounds. They put together pens for the software engineers to work in. This is in dirty little buildings, with the open offices, but really its more like an animal pen. In these you are... — read more
WFB Scandals Timeline
(source below) 2016 09/2016: The fake account scandal 09/2016: Improperly repossessing service members’ cars 12/2016: Wells Fargo fails its ‘living will’ test 2017 03/2017: More fake accounts 03/2017: Flunked... — read more
Market reference point
I know this has been talked about before- but does anyone actually make 100 percent of their market reference point ?
Asking for BIOs and home address
Does this mean potential layoffs ? Very scary and uncertain times. I am a new employee and wondering if it make sense to leave or ride this out.
What kind of a person willingly and knowingly takes $36,000,000 to cut 65,000 employees?
I can give a pass to a CEO who is already leading a company that has fallen on hard times, and then has to cut jobs. But a man who demands $36,000,000 specifically to take the job of potentially ruining the lives of 65,000 families? I don’t... — read more
Voluntary buy outs
Coca Cola recently offered employees voluntary buyouts. I wish Wells would do this instead of layoffs. It accomplishes the same goal of reducing expenses but without the huge negative impact to morale.
Who stays and who goes is a mystery
I work in a department with good employees. Everyone gets along and works together to do a great job for WFC and we all have a good relationship with the managers. Everyone has their individual weaknesses and strengths which come together to form a... — read more
Wf stocks
Does anybody know whats gonna happen to the stocks I purchased through the enployee stock purchase plan? I dont wanna call hr and be on hold for god knows how long, im wondering if theres anybody here knows whats gonna happen to the money i put on... — read more
Unethical professional behavior
When Wells Fargo identifies unethical behavior they sweep it under the rug as professional misrepresenting and allow the behavior to continue. This behavior impacted my continued employment for reporting it.
Public Affairs Town Hall
What other communicators are embarrassed by the head of communications holiday poem? 🙋🏻♀️ 🙋♂️ Just me? Real talk: who is clear on the 2021 strategy?
45 out of 50
Between April and September, 45 of the 50 most valuable publicly traded U.S. companies turned a profit, but most of them used that profit to pay their shareholders and CEOs while they laid off tens of thousands of... — read more
CIB thoughts
I recently joined the CIB group within sales and trading group coming from a large competitor. It seems like CIB is very small compared to the larger players on the street. Wondering if anyone has a view on how it is here and what are the long... — read more
Ask Me Anything With Saul, Dec 16
Can someone from IT please provide details of what was discussed at Saul’s(Head of IT) netting today? Will be out of office.
WellsFargo signs *massive* new lease deal in india
https://m.economictimes.com/industry/services/property-/-cstruction/wells-fargo-inks-1-3-million-sq-ft-office-lease-with-divyasree-in-hyderabad/articleshow/79356376.cms This is probably a leading indicator for where wells fargo jobs are... — read more
4 Firms Are Reportedly Vying for Wells Fargo's Asset Management Division
https://www.fool.com/investing/2020/12/15/4-firms-are-reportedly-vying-for-wells-fargos-asse/ Two asset and wealth management firms and two private equity firms are reportedly in the running to purchase Wells Fargo's (NYSE:WFC) asset management... — read more
How much do front office Wells Fargo CIB make?
Analyst Associate VP Director MD
Saul Sold His Stock
Saul is selling his WF shares! Does this alarm you?
Layoffs on December 15th - Post updates
Thread started for layoffs taking place today.
Is a PIP even survivable?
It's supposed to be an improvement plan but we all know the end goal is to fire as many people as possible while saving all the costs associated with layoffs. A coworker who's been put on a PIP is breaking his back trying to meet whatever (in my... — read more
OCC ignoring other banks misconduct?
https://www.propublica.org/article/jpmorgan-chase-bank-wrongly-charged-170-000-customers-overdraft-fees-federal-regulators-refused-to-penalize-it
Sales conference cancelled
This is pathetic let’s cancel all in person events and screw the little people with a virtual award presentation that is great we also will get a gift basket and gummy bears to save a dollar and screw hardworking hmc who went thru hell this year and... — read more
On the CEO
Our CEO is nearly in hiding. And when he does appear, he is evasive on all important topics. As someone else said, sometimes what you don’t say is more important than what you do say. I have never seen a CEO who couldn’t care less about the... — read more
How are they determine who gets laid off?
Is it solely your manager’s performance ranking that drives your lay-off? So if you are below meets expectations, you get laid off during the next round? Does HR determine who gets laid off? Does anyone know what the magic formula is? Appreciate your... — read more
Open Mic with Tracy
To anyone that listened to this today, Tracy spoke of no more backfilling in Charlotte due to risk of over saturation of tech there. What risk is presented by this? Also, what other disadvantages do you think this would have for tech in Charlotte. It... — read more
Wells Fargo is laying off people for one reason and only one reason only.
The bank has become sluggish because it hired too many people. too many people equals bureaucracy and that equals slow moving. And it is now hurting the company. Look at our competitors, like JPMC, they have a global employment of under 200k. They... — read more
Hired less than a year, should I be worried?
I’ve worked at WF for nearly a decade and took on a new and more challenging role earlier this year. I plan to just start moving from role to role every year until I find something stable or this all ends. I’m guessing that if I was hired in March, I... — read more
Giving notice/bonus payout question
At what point prior to bonus payment (February 5) can a team member give notice and still receive the 2020 bonus? Say you get an offer in mid-January and the new company wants a start the end of January or early February, would the team member still... — read more
Layoffs on 12/15
I heard there are layoffs on Tuesday-12/15. Is that true!
What if Chuckles & OC get raises
And they blame it on the board forcing them to take the raise. How do us 270k TEAM MEMBERS square them getting millions in bonus and raises while our comrades are being displaced and those sticking around thorough this performance cycle getting... — read more