Thread regarding Wells Fargo & Co. layoffs

I thought I would retire with Wells 3 years as a Temp 10 years as an employee. When I started it was all about being part of the Wells Fargo family and it was a family. West Coast. I loved working for Wells and was proud to say I did. But somewhere something went wrong and even though we always were told we did great it was not good enough. Then the changes from people who never worked the jobs we did in their lives and had no clue. A system that is so broken and they are still trying to fix. The policies that contradict themselves and are so full of useless words it takes you forever to go through. Everyone afraid to speak up in fear. Except the few I was fired no severance set adrift in the middle of the ocean. In my meeting when I was fired I asked why Manager told me for not following policy I asked what policy she left the meeting. Her Manager after not responding to several questions to him and total silence he finally said he could not say I left the meeting and was no longer a proud Wells Fargo employee they immediately cut me off of everything. So what ever you do keep your mouth shut your head down and don't work in the West Coast

This post reads like you are in a revenue generating role or very close to one. I am in a cost center and have worked in Finance, Higher Ed, Healthcare and Public sectors with less, the same and more employees than Wells currently has. I have been here a bit longer than you. I’ve seen poor back end decisions before but Wells is absolutely astounding.

The controls and processes in place that reach into my world read well on paper but aren’t functioning in practicality. I’m sure many will default this result to a lack of man power BUT I would counter that if said man power was effective to begin with the value would have been visible and would have been retained. At this point I see a large majority of the people I interact with are either not as skilled as they should be or have been defeated and lack the will power to continue.

Completely agree that many decisions have been brute forced with incorrect engagement of applicable stake holders and it has created deep turmoil and instability in the bank. With the increased cadence of change and new operations adoption this will not smooth out any time soon.

I work in a revenue generating role. I have worked for several other banks.

Wells Fargo is like working for the government. It’s ridiculous how many people have to sign off on something, and how difficult it is to do just about anything. Committees for everything.

Some of this is due to the regulatory stuff, which I understand, but a lot of it is just incompetence or a continuation of the past. “It’s just how things work around here.”

It manifests in a bad culture because good people move to organizations that give them latitude to make decisions and get stuff done. The control freaks feel right at home and stay here because they love nothing more than to get in the way of other people’s progress.

I got laid off 2 months ago. Long term 25 year plus employee. I was hoping to retire but got booted out. They could care less about you as an employee or person. Don’t waste your time here. Go somewhere that they will appreciate you

You hit the nail on the head. It irritates me to no end every time I hear our so-called leaders drone on about how we are “best in class” or “industry leading” in something where anyone with a pulse can tell that we are lacking and struggling hard to catch up to the competition/industry standards

OP--Have you read the posts? WF s^cks--and I've been here a LONG time.
The only reason I'm still here is because I'm so close to retirement. That will either come on my terms/timeframe or I will receive a glorious severance package!!

I’ve worked at other large banks and it was not like this.

Find another job at a different lender. This is not the place for a career. This place is a nightmare and will be until they dump this CEO and his cronies. You will never be appreciated or respected. In the end you will be thrown out like thousands of others. If you asking these questions on a layoff board you already know the answer.