I disputed my performance review last year. It was a bit contentious. I did manage to get a meets on my review this year. Also, my team is hiring within the US (P4). I am a P5 as well as over 40. Is it worth pursuing a legal route or raising a... — read more
ORM layoffs?
Has anyone heard of upcoming ORM layoff dates? Hearing it will happen in the next month or so but curious if anyone heard anything regarding the topic.
Results of layoffs
I am dealing with new people at WF who replaced really, really good employees in the last year. The displaced folks were told "we're upgrading the position, many will be retained " but then WF got rid of almost all of them in their position. ... — read more
Conduct Management Hit
Layoffs are being done by highest tenure according to management. Lost several people in Intake and Research in Conduct Management. Coincidentally they've been hiring in India for these positions, but I'm sure its just a coincidence.
Location strategy
How can senior managers displace people with a straight face for location strategy when executives are sitting in non hub location. Example Joe Bernardo is in Ohio for Fraud Claims management. Never moved to a hub. But doesn’t have a problem... — read more
I guess it is all about priorities
Apparently there is not enough money to pay employees, so people keep getting laid off every two weeks. But somehow there is enough for a $40 BILLION share repurchase. And here I was, thinking we were struggling. Make it make sense, please. For... — read more
Bye Bye Bye 👋
Today was my day. I've been preparing since we got the first notification about location strategy so no surprise. It was a good 26 years for the most part. Now I can enjoy having a stress free summer. Tech is being hit hard today. A lot of valuable... — read more
Global Survey opens today-
I filled it out and am ready to hit submit if I get that dreaded meeting notice; Otherwise, I'll wait until later this week.
Laid off Blues again
Woke up, fell out of bed Dragged a comb across my head Found my way downstairs and drank a cup And looking up I noticed I was late Found my coat and grabbed my hat Made the bus in seconds flat Found my way upstairs To a conference call only to find... — read more
June 3, 2025
Hold on 1 more month. On June 3rd. Wells Fargo will offer packages to all who voluntarily choose to leave the bank.
Good luck to you
Tomorrow big layoffs
location based layoffs are happening this week 4/29?
From a comment in another post that was: "Yeah location based layoffs are happening this week. Some will get relocation offers and some…won’t." Drumroll for tomorrow - let's see!
Wells Fargo nears full regulatory relief as CFPB lifts consent order
April 28 (Reuters) - Wells Fargo (WFC.N) has cleared its twelfth consent order since 2019, the lender said on Monday, moving closer to fixing longstanding regulatory issues that have kept the bank under strict oversight and an asset cap of $1.95... — read more
Many sites may be closed by the end of 2025
Specific Instances: Hillsboro, Oregon: Wells Fargo is closing its call center in Hillsboro and laying off 500 workers. Des Moines, Iowa: Wells Fargo has announced layoffs in the Des Moines metro area, including a recent round of 33 employees in... — read more
How and when does Wells Fargo do layoffs?
Do they generally have your manager contact you or do they simply send an email? Is it first thing in the morning or do they dribble them out throughout the day? TIA!
OCC Settles With Former Wells Fargo Auditors Over Misconduct
A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday. The orders resolve actions the Office of the... — read more
I am thinking of taking a vacation and being unreachable so they don’t lay off me off ?
What do yall think maybe using a months PTO to go to Italy till things calm down . Not answer my phone .
I work in CIB SF .
How many layoffs are going to happen in SF.
Request Re- Resignations
What happened in credit risk today? Does anybody know?
May 29th - A day that will live in infamy
Charlie and his gang of thugs have set April 29th as the date to inflict the biggest most massive one day layoff yet. In one fell swoop they will eliminate 15% of the domestic workforce in a surprise layoff that will awe the domestic workforce into... — read more
Fraudulent
https://nypost.com/2024/12/20/business/jpmorgan-wells-fargo-bofa-facing-federal-lawsuit-over-zelle-payment-network-fraud/ A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect... — read more
In California, is it true that if a layoff involves fewer than 50 employees at a single site
the employer is not legally required to report it under the WARN Act? Just trying to confirm if that’s why some layoffs don’t appear in WARN r
46 additional laid off, Wells Fargo
https://www.businessrecord.com/wells-fargo-bhfo-announce-layoffs/
Is location strategy even real?
Has anyone been asked to move yet? Is this just a scare tactic to get people to quit and they won’t actually enforce it fully? I keep getting told I’ll be impacted, but no timeframe or details at all
COO Control 4/29
Anyone aware of specific COO control layoffs for 4/29? More specific Commercial Banking and/or Ops? P.S. I heard tech was effected 😆
You are a transaction
You’re not family - you’re a transaction. Your employer might act like they care, but the moment you cost them money, become a PR risk, or even just step on the wrong clause in your 1000-page contract, they’ll drop you without hesitation. Period. You... — read more
Writing on the Wall
As more work is shuffled off to India with each passing day, I was just notified that they are taking corporate phones away and want us to leverage BYOD. He-l no to that. Let’s cut everything here just so Charlie can get his fat paycheck. — read more
Does this board break news anymore?
I follow this board because it used to break real scoops. I found out about the CISOs leaving before it was announced both times. There used to be useful information from people who really did have information so we weren’t caught by surprise. Now... — read more
Any planned layoffs for Commercial Banking?
Just wondering. Kinda freaking out given the quarterly results. It’s flat for my LOB.
How often does your manager change?
I seem to get a new manager every 4 months. The worst part recently has been getting these people who aren't even managers who pretend they can pull rank and ask that i work over the weekend or do this or that. Then of course there's the dotted... — read more
Massive layoffs coming soon
Massive layoffs coming soon who all LOB under the CIO. Internal rumor Mill from New York says Charlie nearly had a heart attack when he saw the monthly bill for the cloud that were paying these corporations and so to recover that cost he has ordered... — read more
Proof of Life
This is an actual thing. Someone up the chain, I'm sure getting a hefty paycheck, rolled this effort out in Technology - along with gearing ratios - to find the dead weight. That's the name they went with - Proof of Life. Nobody with any sense could... — read more
CRG
It is time to conclude the G-in-di show. The extensive travel, expenditures for high-level advisory meetings, the constant sales personnel travel on a weekly basis and the insincere motivational emails sent on Fridays have become excessive. The... — read more
Why the F WF still hiring H1B when there are so many Americans lose their jobs?
“The H-1B visa program addresses specialty occupation shortages by allowing US employers to temporarily hire foreign workers in fields requiring a bachelor's degree or higher and specialized knowledge.”
Only Wellsfargo hires full time scrum masters
Such a joke
Kid you not
The ENTIRE first page of jobs in workday for jobs posted today 4/23/25 is overseas. Go check for yourself. Wells Fargo is a mess!
Well people at the West End Center survive this month layoffs?
I wonder how many people will be let go this month at the West End Center in North North Carolina
WF Engineering
I’m honestly shocked by how many outdated, out-of-touch engineers are at WF. Some clueless managers even go around calling themselves engineering leaders, and there are engineers inflating their titles to things like ‘Architect’—it’s a joke. WF... — read more
WF is full of sh***t
Toxic company