Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Why is CIB Markets so bad

I have been working within CIB Markets under a support function for almost 4 years and shocked to see the level of disorganization in this Business line. First, this business has little to no competitive edge compared to even the smaller markets... — read more 

Wells Fargo layoffs

They just let go of 30 people in the online no fraud department, during the holidays too. that is cruel! It’s been super slow in the department so everyone felt it was coming.

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| 1590 views | | 7 replies (last November 13, 2024)
Post ID: @OP+1vsfkcyX

I finally quit

Not because of layoffs. I just couldn't stand my manager anymore. He was a nightmare, constantly micromanaging every hour I worked, even though I’m an exempt employee. I tried complaining, but nothing ever changed. It was exhausting dealing with him... — read more 

November 12 layoff checkin

Please place city or at least geography (0,1,2,3), title or level (P3 or M2 etc) , whether or not you are in a core location, hybrid or wfh, LOB, and number of people affected if you know it. Thx

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| 3010 views | | 8 replies (last November 14, 2024)
Post ID: @OP+1vs13wUi

https://www.paymentsdive.com/news/bank-of-america-zelle-probe-cfpb-litigation-aml-sanctions-compliance-jpmorgan-wells-fargo/731517/

Wells Fargo involved in this massive probe along with others. Seems to me that the brain surgeons at the big banks should have the technology to prevent this from happening on the platform they themselves created and then turned loose on their... — read more 

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| 810 views | | 7 replies (last November 13, 2024)
Post ID: @OP+1vsvZWim

How many?

How many heads have rolled under Charlie's big butcher kn--e and what is the end goal number he is looking to meet. What is the count now?

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| 660 views | | 4 replies (last November 13, 2024)
Post ID: @OP+1vs3dKER

Huge Layoff November 12th

Relocation Strategy layoffs 11/12/2024. I got information from a higher up that calls center layoffs will be larger than before due to service levels. Word is that it's getting slow and Charlie doesn't like employees sitting around. Expect large... — read more 

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| 2160 views | | 7 replies (last November 14, 2024)
Post ID: @OP+1vstGAgA

WFC still is considered garbage (DUH!!)

There was a post on Reddit recently where the person asked if it was normal for their credit union to try to force them into getting another credit card and basically every response was a mention of Wells Fargo 🤦‍♀️

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| 420 views | | 3 replies (last November 17, 2024)
Post ID: @OP+1vrQeLHx

Retire with the rule of 80

What are the benefits of retiring from WF with the rule of 80? Are there any? Can’t withdraw from 401k until 59.5.

Remote workers

If we're to start working remotely, would is it allowed to relocate my residence and work from there? Or is that a big no-no? I've been hearing about them allowing people to relocate to a new site if they are offered a position at another site with... — read more 

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| 1100 views | | 9 replies (last November 18, 2024)
Post ID: @OP+1vq3hyu3

Life after Wells Fargo

I have been with WF a while and used to love working for this company. Now we are just a number that can be displaced or fired at any time without a second thought. Most of the time there isn’t even a notification that someone will be leaving, you... — read more 

2025 Layoffs Confirmed

I heard from two different managers in the same week that Feb/Mar/Apr 2025 is going to be a rough time for

Any read on bonuses this year

Any sense of bonuses this year? My salary has gone up but my bonus has been flat. So essentially my % comp has gone down. I’m looking to leave if it’s flat this year so I want to get my applications out early to beat the rush. If the bonus is flat my... — read more 

Trump and offshoring

Trump will be in office soon and I think his Americans first policies will help put pressure on companies to keep jobs here in the US. He is already taking aim at Caterpillar for planning to build tractors in Mexico. Let's hope he has an effect on... — read more 

Purge of good managers

It feels like Wells Fargo has been on a mission to get rid of anyone who actually knows what they're doing. Every change, every shuffle makes it seem like they don’t want anyone competent or who genuinely cares about us sticking around. All the... — read more 

401K Match

Do you get the 401K match if you are out on medical disability on December 15th?

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| 544 views | | 2 replies (last November 8, 2024)
Post ID: @OP+1vnbw9q5

Oregon Closures

Not anything new but in the press. nonetheless https://oregonbusiness.com/wells-fargo-to-close-portland-hillsboro-salem-offices/

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| 720 views | | 2 replies (last November 10, 2024)
Post ID: @OP+1vmkgVfJ

Charlotte #2 worst traffic in US

Not that we didn’t already know that Charlotte traffic is a nightmare. If only there was some way to elieviate the problem. Hmm. Nah. We will just make them p-e in the dark and claim we are... — read more 

60 day working notice

Is everyone impacted by location strategy having to work their entire 60 day notice? Or are some groups doing 30 day working and 30 day non-working or 45 and 15? I know it is supposed to be at manager discretion, but it seems for my group the... — read more 

COBRA paperwork

Severance packet said COBRA packet would arrive a month before WF-covered medical runs out. I'm 2 weeks away from medical ending and still haven't rec'd packet. Tried calling 3 times and sat on hold forever - gave up. Any word on when the COBRA... — read more 

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| 590 views | | 4 replies (last November 6, 2024)
Post ID: @OP+1vl8Da2U

New Cloud MFA

For the last few weeks I have been required to do Azure MFA multiple times a day. It's very hard to remain productive even before this burden and now with this requirement forced upon me it kicks me out of office applications and even teams meetings... — read more 

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| 820 views | | 9 replies (last November 8, 2024)
Post ID: @OP+1vlx36og

Sooo.....

Wells Fargo increases the job salary ranges so their old salary will fall within the range of that of their new and upgraded position? Not cool Charlie..

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| 930 views | | 3 replies (last November 6, 2024)
Post ID: @OP+1vl7CuB5

Severance

Is one notified they won’t be receiving their severance or do the paychecks just not appear?

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| 740 views | | 7 replies (last November 8, 2024)
Post ID: @OP+1vkG6jhA

Returning laptop and equipment after layoff

Many in our area got laid off a few weeks ago, but have yet to see an email or packing slip on returning my laptop, badge, or any other equipment to those laid off. The severance package says you need to return equipment within 14 days. The... — read more 

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| 1220 views | | 6 replies (last November 4, 2024)
Post ID: @OP+1vkoL5f6

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