Thread regarding Wells Fargo & Co. layoffs

Banking regulator rebuked Wells Fargo's HR department: WSJ

CALL THESE REPORTERS AND TELL YOUR HORROR STORIES ABOUT WELLS FARGO's HUMAN RESOURCES.

(Reuters) - A top U.S. banking regulator has rebuked Wells Fargo & Co’s (WFC.N) human resources department for what it called the bank’s backlog of employee complaints and compensation structures, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

In a July letter, the Office of the Comptroller of the Currency laid out a lengthy to-do list for the bank’s HR department, the WSJ reported.

The regulator asked the bank, among other things to address issues regarding thousands of employee complaints, an inadequate policy for clawing back compensation from executives and poor controls around pay, according to the report.

Wells Fargo spokesman Mark Folk said the bank does not comment on specific regulatory matters, but is making progress on its obligations.

The OCC declined to comment.

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| 3663 views | | 23 replies (last January 11, 2020) | Reply
Post ID: @OP+12ln0gBZ

23 replies (most recent on top)

The Employee Relations at Wells is horrific. Still waiting to hear back after the initial call back on my complaint. Manager(EVP) let all her diversity leadership go. Cancelled 1:1’s for 8 months and then let some go for performance issues with no proof or documentation. Never performed mid-years, no PIP actions, nothing. Rotated Needs improvement to make her numbers to the diverse leaders. In over 30 years of working she is one of the worse managers I have encountered. Sorry for anyone who works for her now.

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Post ID: @Ccwf+12ln0gBZ

Because the List is so long now, they'l probably trash the current list and start a new fresh one.

It works for I/T Projects!

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Post ID: @azlb+12ln0gBZ

Agree with others, major probably violations, complained in Feb, nothing done now in Dec other than a year of retaliation, finally reached out to with lame excuses and admitance that they have not done interviews yet, filed my EEOC complaint, interviewed with them this week and charging documents will be service, EEOC was shocked at the arrogance of Wells ER and all the retaliation I experienced and encouraged several avenues of complaint but clearly substantial retaliation.

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Post ID: @5zhf+12ln0gBZ

Sorry folks. I know first hand from my own experience and a coworker's experience. At 8.5 months, still no response or appointments yet to my major ethics complaint using the e-form other than the automated response when I first filed.

My advice, just file with the EEOC, OCC, CFPB and you will get a faster response because WF will have hard timelines from the government to respond (no nonsense) What a shame but so true.

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Post ID: @4sfk+12ln0gBZ

at Saul's (head of IT) last town hall he was adamant that if you have an ethical/employee relations concern to report it.. now I know why he mentioned it.

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Post ID: @4lzr+12ln0gBZ

The process for getting you out:

  • verbal discussion about your performance
  • Informal warning (written)
  • Dismissal

employee relations supposedly investigates when people file the eform, but I am not sure what, if anything is done about it when you have a documented case against a manager

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Post ID: @4pqe+12ln0gBZ

anyone have experience filing employee relations complains via the eform? is this where the backlog is located?

Does filing one of these things actually result in anything?

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Post ID: @4huk+12ln0gBZ

Fellow employees handle these complaints then leaks who you are and you get fired.

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Post ID: @4bfi+12ln0gBZ

Wow that is unacceptable . St mgmt need to be replaced if haven’t already

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Post ID: @3fjk+12ln0gBZ

Additionally, the Journal reported that regulators pointed out the massive backlog of 3,000 employee complaints that have not been addressed.

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Post ID: @2yip+12ln0gBZ

@ewi yes, 90 days... I heard 6 month backlog, so you are not far off at 9 mo

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Post ID: @2dtg+12ln0gBZ

HR is more responsible for this company's downfall than anyone. But hey, they put "butts in seats" as we were told on this site. They stick their noses where they don't belong & should have been fired years ago.

They are incompetent with an unca

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Post ID: @1zyx+12ln0gBZ

Never ever run to HR unless you have obtained a lawyer and have updated your resume and ready to leave. HR is not your friend but your enemy whose goal is to protect the company and its management from employees

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Post ID: @1qoq+12ln0gBZ

Remember one of HR’s job is to keep the bank from being sued. When you put forth an ethics complaint, Th yes only investigate it if they trying you can sue to bank for some wrong doing. I know it’s completely backwards but HR isn’t there to help employees

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Post ID: @1fdm+12ln0gBZ

OP I have emailed them but no response.

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Post ID: @1jgc+12ln0gBZ

Nobody could possibly site one but perhaps Folk could cite one if asked.

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Post ID: @1isw+12ln0gBZ

"Wells Fargo spokesman Mark Folk said the bank does not comment on specific regulatory matters, but is making progress on its obligations".

Can anyone site any "progress" that Mark Folk is quoted?

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Post ID: @zgl+12ln0gBZ

Definitely Contact Rachel Ensign at the Wall Street Journal. She is intrepid. Rachel.Ensign@wsj.com

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Post ID: @tzu+12ln0gBZ

The OCC sent the letter in July, these letters aren't a matter of public record, they are considered confidential. So someone leaked the letter, or verbally shared its content.

Hope Hardison was out in October 2018, so the OCC was dissatisfied with 10 months of progress after she left - interesting.

So, why was the content of this letter leaked now?

Just guessing but perhaps as a precursor of some action by the new CEO.

I made sure I logged my HR issues, and those with a prior manager that I knew HR wouldn't address, to a letter I keep in hard copy and on my laptop in case I ever need it.

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Post ID: @ktj+12ln0gBZ

Build on this people. Burn the HR group down. They are enablers.

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Post ID: @imq+12ln0gBZ

Rachel.Ensign@wsj.com

alyssa.place@sourcemedia.com

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Post ID: @obn+12ln0gBZ

I filed a complaint in March, didn't hear from an ER person till Nov and they still have not interviewed anyone. If they're not going to do their job, maybe the notice they get from the EEOC will motivate them. My attorney says they do this intentionally to run out the clock to get anything filed with EEOC, don't think that things will get better and they working on your behalf, they are NOT, don't miss your filing deadline thinking things will get better.

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Post ID: @cps+12ln0gBZ

Per policy, all ethics complaints are supposed to be resolved within 90-days. I hear the backlog is 9 months.

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Post ID: @ewi+12ln0gBZ

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