You have a strange meeting is setup next week, something you haven't seen for months All your activities are now covered by your manager, your manager puts their name down for all your activities Low email traffic your way Get an extra... — read more 

https://www.businessinsider.com/occ-head-warns-us-banks-against-accelerating-branch-closures-2020-7 It costs on avg 500k/year to operate a branch. So for sake of argument & assume wrong, 2x that and say wells closes 1k branches. How much... — read more 

All, massive layoffs in Risk and Compliance starting 8/25! Managers are not being busted down into individual contributors. That is a lie!!! Instead, they are keeping a handful of compliance managers for each Area based on current individual... — read more 

https://www.zerohedge.com/markets/wells-fargo-preparing-potentially-cut-tens-thousands-jobs We already know this, but passing it along just in case someone hasn't seen it. "Wells Fargo has certainly led the way in the banking sector when it... — read more 

What do you guys think, is Wells Fargo stock a good buy right now around $24 per share? It was in the mid $60’s a few years ago. Right now it’s trading at around 20 percent cheaper then book value. I only have 401k plan with Wells Fargo shares... — read more 

I find it interesting that there is so much talk about cutting costs by laying off team members that are hard workers and actually good at their jobs, but there is no mention of getting rid of the team members that s— money out of the company for... — read more 

Just got reorganization notice, anyone know what operations groups might be displaced for wholesale?

Every time I think you can’t get any dirtier you somehow find a way to pull through. I smell another scandal brewing for wrongful terminations

I’ve been on the board for a while now and I’m observing that some of the differences are between those who are here for a job vs those who are here for a career. Or those who can draw a hard line between their career and everything else. I can get... — read more 

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-08-21/wells-fargo-resumes-job-cuts-in-break-with-top-u-s-competitors Other reductions in the weeks and months ahead will also result from existing efforts to thin management... — read more 

There seems to be a huge focus on the Premier bankers and affluent segment as a whole right now. Are the banker jobs safe or is everyone fair game?

It appears that Dimon's son-in-law is some kind of planning/transformation henchman. How is this not conflict of interest? Is Jamie Dimon the real CEO of WF?

I see leaders sending out messages and referring to them, but I don't know these are. Does anyone else?

Anyone here get rated a 2 or worse with no specific examples of inconsistent work and a PIP plan with a timeframe (90 days) that was never communicated or discussed by their manager? PIP appears to be underlying and presented in excel. New employee... — read more 

Companies don’t exist to make us happy. We know that, right? The business doesn’t exist to serve us. The business is using us in order to achieve whatever it needs to achieve. We are being used, and we get #compensated for it... — read more 

Skip the time invested in coming up with the id–tic "In the Moment Blogs" – got to get the spam filter adjusted. Not motivational, not good.

Always a level 5 performer (when they had rankings) and then always "performing" when it switched. Got a GLOWING mid year review (not unusual - I work my tail off) and then got a "meets" rating. Has anyone disputed their rating? What is the... — read more 

Regarding story starting below, my questions are: How was manager even able to bypass bank protocols, and for 2 years? Shouldn’t we have procedures/audits in place to catch someone bypassing bank protocols, or to catch a suspicious pattern? I... — read more 

let's see what happens.

Big meeting tomorrow - do you know what’s coming from the CE for controls?

What a crock of sh*t! They were all in on it Wells Fargo’s consumer banking head, Mary Mack, may testify against her predecessor, Carrie Tolstedt, at an upcoming civil trial that is expected to explore where the responsibility for the bank’s... — read more 

back to back, we'll see what happens

The layer of managers below SVP is being completely eliminated due to spans and layers.

MMB is having an “all-team” call (no longer called “all hands”). First 30 minutes is with Kyle followed by 30 minutes of Q&A with our respective DEs to discuss the future of MMB’s org structure. This ought to be fun. Guessing we’ll be part of the... — read more 

Thoughts

There will be an alternate site with confirmations to register. For now, please no personal info. This is just a gauge to see what interest there is to start a different conversation with management. We need to remind shareholders and... — read more 

I’m curious if anyone has any insight or predictions on how the layoffs will effect WFMS. Specifically, sales consultants that partner and support the community bank. Will the long term vision include a direct sales force or will WFMS ultimately... — read more 

Does anyone know how many people will be laid off in 2020 and early 2021? Rumor says 20% will be cut, which means over 50k will be cut eventually (maybe within a few years ?). But anyone knows how many might be let go this and earlier next year?... — read more 

Last week I continually said 8/25 would never be a lay off day because it is a Tuesday. I was wrong and right. David Galloresse presented the next steps that made everything clear. Tuesday the 25th Managers will be notified by email any team... — read more 

Anyone hearing about what’s going on with legal? We don’t have enough employees currently to satisfy the regulators. They plan to make cuts or outsource jobs bc BOA did it. Regulators? We/First Union and Wachovia did it too when I was here years... — read more 

Just keep feeling sad. Not sure it’s because of the whole layoff thing or the pandemic or both. Probably it’s just me.

Curious if audit will be affected by the lay offs. Anyone got any info, rumors, speculations?

Senior leaders have been talking layoffs for years now, and it's been suspected since we grew our India base, but since this is Wells Fargo and also due to COVID they've been super slow about actually doing anything. Now we're finally about to see it... — read more 

Just read the article. I know this will get some negative feedback but honestly, I’m really pleased with the transparency. We all know why it is happening but at this point complaining about that won’t help. Hard decisions are having to be made.

WRC all hands call just put on the calendar for tomorrow 8/18. What can we expect to hear!