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.
Barnhart 11/12
Any Barnhart layoffs today?
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
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
How is the sitution in Consumer Technology?
Hi Team - How is the situation in consumer technology? Smart to switch? I'm in Wealth Management now and about to be let go if I don't take action.
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?
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
Pay range for manager positions at Wells Fargo (Dallas, Texas)
What will be the pay range for managers in tech ( engineering manager; quality assurance manager etc.) Location Dallas, TX
Portland branch and cash support
Will Portland downtown offices where they work branch back end be spared.
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 🤦♀️
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.
Last Minute Meetings Tuesday
Several orgs holding early meetings Tuesday. Now what?
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
I'm exhausted of the two weeks Russian roulette game.
Being in a non hub location, it su-ks to live my life 2 weeks at the time and seeing all the people around me laid off. If you feel the same, you're not alone 😮💨
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
Internal Audit Remote roles
Does IA still hire remote?
Lower corporate tax reduction if not outsourcing?
Is it possible for us to tie the corporate tax reduction to not-outsourcing? If it is, why is no one thinks of it?
WF will keep forcing RTO regardless of WFH being successful
Yes, the plan is to eventually remove the workforce that is remote if they: won’t/can’t relocate to a hub refuse to align to RTO job is “eliminated” Unfortunately, this will cost us a lot of solid talent. Additionally, the RTO push for... — read more
401K Match
Do you get the 401K match if you are out on medical disability on December 15th?
Oregon Closures
Not anything new but in the press. nonetheless https://oregonbusiness.com/wells-fargo-to-close-portland-hillsboro-salem-offices/
Have remote work etc influenced and increased layoffs in recent years?
I am thinking they would love to get rid of all remote people. Or they hate that people are working from home. Seems that the management just hates remote work and RTO will be pushed even more.
How does the stock price typically react once layoffs are announced?
Has anyone been tracking this? How does the stock price typically react once layoffs are announced? Is there a pattern and if there is do you have details... the common sense is that the stock value/price will go up if a cut is announced as the... — read more
Job title and salary
Let’s hear it..so the majority of us can see how underpaid we are.
Wells Fargo Layoffs 2025
Is there going to be any reorg or Wells Fargo layoffs? Any chatter, news or rumors?
https://news.bloomberglaw.com/banking-law/wells-fargo-union-set-to-begin-closely-watched-contract-talks
Oh please let me sit on the employee side of the table for these negotiations. The first thing I would do is vow to show the same level of fairness, ethics, respect, trust, appreciation and honesty as Wells Fargo Executives have (not) shown to... — read more
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
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
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..
Severance
Is one notified they won’t be receiving their severance or do the paychecks just not appear?
Wholesale jettison of some itself to CSBB - delayed (canceled?)
Announced in Jun ‘23 pending new SB leader Feb ‘24 and mos of run-up… to a hollow doublespeak announcement that oh wait not November (and who TF knows when/how/ever). Apparently we can’t manage our way out of a paper bag.
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