Paid for my own desk, monitor, headset, laptop case, etc. No problem. But WF is so cheap it won't pay for printer ink and paper? How ridiculous is this, when company knows we can't get basic office supplies in our offices? Proof company is... — read more
More Media Coverage...
Wells Fargo's San Francisco layoffs cover a variety of roles, including senior counsel, senior managing counsel, assistant general counsel, business... — read more
Two weeks left of maternity leave and got the call
Has anyone got the layoff call during any sort of medical leave or maternity leave? After working with wells Fargo for 6.5 years, On December 5th, I received the call from my manager and I was the only banker at my Florida location to be let go at... — read more
Who else is getting the axe?
Anybody hear what other positions/titles are planning on being eliminated? I know the bank is taking heavy losses, but what about the other channels? Home office? Advisors? Many people keep talking about operations, then switch to compliance & risk... — read more
Do all managers in all LOBs need 7 direct reports?
My manager in CIB has only 5 direct reports and I know another CIB manager with only 3 direct reports. They each manage a team of relationship managers that cover a specific geography, product type or function. I wonder if the requirement for 7... — read more
Can someone answer this Stack Ranking Question?
Can we expect stack ranking to be a year-end annual review process only? Or, will they stack rank during the mid-year process as well? Can we expect employees that are ranked below expectations to be laid off as a result of annual reviews and then... — read more
Citi Trial Shows Chain of Gaffes Leading to $900 Million Blunder
Did you guys see this article? I’ve included the link at the bottom if you want to read the whole article. Bottom line is that Citi in a series of errors, part technology and part human, made a $900,000,000 error. Where did they go wrong? A... — read more
Overseas workers are not efficient. Only operational Jobs are moving there.
I heard, overseas workers are not productive, that is why they are moving only operational jobs there.
Does Skype/Outlook update layoffs before Teamworks
I ask this because I see the zz there but not on Teamworks
Continuance pay
I only got half paycheck. Anyone else? I think it says on the package we will get 2 deposits. But I only have 1
Has anyone heard if number of required direct reports is going to increase to mor than 7 in 2021?
Are they going to increase the number of required direct reports to more than 7 in 2021?
Charlie vs us
Ceo made 36+ Miliion while single mothers with children lost their jobs and health benefits
Top WF Posts on this site (All Time, by Total Views)
I've been playing with sc-aping this site for a while and tracking the sentiment of each posts. Anyhow, here are the posts that had the highest number of views... Wells Fargo Layoffs 2020 Posted November 18, 2019 by | 16,831 views | 30... — read more
California Unemployment Benefits
For IT folks that got laid off today - are we eligible for CA unemployment beneftis?
Tech Layoffs Today
Today was not location based, but it was pretty Tech heavy. A couple groups in Tech got hit harder than others and that could wind up also meaning that a couple locations got hit pretty hard. My larger group in Tech lost multiple people. Don’t... — read more
Commercial Banking Town Hall Today
Any thoughts?
Are layoffs today (12/10) location based?
I know of one technology manager in Des Moines that was laid off today. Someone in another thread said that Des Moines was hit hard. Is this true - does anyone know about multiple layoffs there? If it is true, it kind of puts a lie to there not... — read more
What do you do when your manager is a coward?
My manager talks a big game when they are meeting with the team, but when they are confronted about specific requests, they turn into a coward. My team is in danger of being sc-apped, and my manager is scared to death to talk about a change in role... — read more
Anyone else on the Credit Risk call?
Odds they take or answer any substantive questions?
QA position future
Does anyone know if there is any future for the QA analysts? Most of the QA transition under Dev Teams for now. But it doesn’t look like QA will survive for long as the Company is shifting away from QA and will rely more on Dev Unit... — read more
Audit town hall
Thoughts? Besides the eye...
Will I get unemployment $?
Got laid off last week and reason given was performance issue. Which I disagree with and came across as planned by my manager. Will i get unemployment benefits? PLEASE HELP!
More layoffs Today
IT especially hit hard all around - no announcements, no notices, just a meeting scheduled suddenly and out.
Complaints goal
The number of complaints I logged this month dipped and now I’m being coached about it from managers who are coached from district managers. I don’t understand this logic. I need more complaints? My theory is natural attrition wasn’t good enough so... — read more
Are Retail Business Specialists next to get let go?
Business specialists usually aren’t licensed, also get paid more than a PB1. Also PB1 and PB2 can basically do the same things a Business Specialist can. Do you guys think they are next to get canned/axed/let go?
How NOT to Lead Your Employees Through a Pandemic
I happened to run in to this article in Apple News today. It explains some of the major problems at Wells Fargo today. The best path to success at Wells Fargo will come from a leadership who invests in and empowers their employees, respects and... — read more
Bonus Pool Funding
With bonus discussions among management well underway, can someone please share the actual funding level for incentive compensation? Boards have indicated that the funding this year is 80%. Is this accurate? Interested in learning about legacy... — read more
Wells Fargo laying off "PB1" Personal Bankers.
Wells fargo on Friday 12-04-2020 laid off 1 personal banker from 2 florida branches i know of possibly nationwide.
Just got offer a job, should I leave my company and take it?
I just got an opportunity at WF and accepted the offer. The salary is 50% higher than what I'm making right now and would love to take the position. My concern is that I'm seeing all these posts about layoffs. What do you think the chance are of... — read more
Thoughts on the new CIB CRO Eric Yoss?
Jeremy Smith did not get the job - but this has been known for a a while
it should get interesting after the first of the year
my manager Bob and his manager Joe were both laid off so now we report to Joe's manager Tim. Tim has no idea what knowledge or skills we as a group have individually. For this quarter we were assigned our projects by our previous manager so life is... — read more
Controllers Town Hall
Controllers Town Hall with MC.
Branch closures
Any one know if any Illinois branches will close ?
Performance improvement plans are being discontinued 1/11/2021
Be prepared. It does not take a Nostradamus to see what is coming from this decision.
Any ex-pb1s who recently got a way better offer?
Im just a lil down bec of the displacement. Maybe knowing someone found a better job will lift up my mood and restore my positivity.
ANSWER THESE QUESTION ASAP
(1) Status on spans & layers (2) Status on Location Strategy (3) Status of FRB Resubmission (4) Insights on the target state org structure of each new LOB CRO.
I'm starting to think Charlie is making good moves
I've worked at this bank a very long time. Recently i've seen people kicked out who i've known for a very long time to be incompetent mo–ns and a lot of great structure changes. I think Charlie just might be turning the ship the right direction. ... — read more