It is abundantly clear that location strategy is nothing more than a poorly disguised plan to fire employees for arbitrary reasons. You want to consolidate real estate? Ok, that’s fair enough, but there are better ways to go about doing that. In my... — read more
HCL saturation and selective hiring
HCL the worst of vendors has a foothold in the company, former HCL members have been hiring all their friends excluding and bullying internal talent and questions about HCL performance. If I am a regulator I would look hard at the HCL relationship... — read more
Anonymous internal complaints - “Location” of complaints shared
No surprise that anonymous complaints have enough information shared to create effective witch hunts. Beware
So when did Ohio become part of the location strategy?
Just read this on linkedin https://www.linkedin.com/feed/update/urn:li:activity:7242707332776820736/ Apparently they are hiring. We started the day with a ribbon cutting ceremony for the Wells Fargo Columbus Technology Center that was attended by... — read more
Getting Ready For Layoffs
Here is the list… What did I miss? Buy used Cook at home Drive a used car Exercise outside Cut your own grass Shop at thrift stores Clean your own house Buy toilet paper in bulk Wash your own laundry Get the basic... — read more
Reward Points
I was laid off on Tuesday w/non-working notice. Was locked out of my computer 3 hours before I was told it would happen so didn't get the chance to spend my 50k reward points. Anyone out there have any idea how to redeem them via Teamworks @... — read more
I’m secretly hoping to be laid off
Even more so every Sunday afternoon, when I already start dreading Monday morning.
Wells Fargo demanding I resubmit my already approved medical accommodation
I have a medical accommodation to telecommute that was approved as "ongoing" a couple years ago and now they are demanding that I go through the review process again. I suspect they are already planning to deny a new submission. Do I have any... — read more
Movie Recommendations
Due to my recent layoff, I have had some time to catch up on a few movies. I just watched Shawshank Redemption for about the 5th time. Anyone want to help out a former Wells staffer and possibly suggest a few good movies?
We don’t have to discuss the effectiveness of RTO and reasoning behind it
It’s just an attrition tactic. Nothing more, nothing less. Any other reason, if it exists, has not been decisive. It’s all about getting rid of as many of us as possible without paying for it. As simple as that.
Race for mid October
Once past mid October m you’re eligible for the 401k match due to the 60 day notice period. You can imagine intense pressure to eliminate as many peasants as possible between now and then. Best of luck to you all!
Wells Fargo has been so shady regarding offshoring through the years
2006-2008 “The objective of WFIS has been to establish a source of talent for Technology positions Wells Fargo has been unable to fulfil in the US.” (Lie: Talent doesn’t exist in U.S.) 2012 While refusing to divulge the timing and the number... — read more
How do you say it?
Was told by management that I needed to say non-US persons instead of saying Indian employees or offshore employees. I didnt ask manager but was wondering what's the big deal with using those terms?
PwC Report
Working in the office 5 days a week to build company culture is a myth, PwC report says https://www.msn.com/en-us/money/other/working-in-the-office-5-days-a-week-to-build-company-culture-is-a-myth-pwc-report-says/ar-AA1qU17L
25+ years tenured getting laid-off
Hopefully you have banked 3 Million - 5 Million
Low Corp Risk Employee Survey Participation Rate
Apparently only around 65% have filled it out based on email DF sent out...seems realllllly low. Keep it up folks!! DON'T FILL IT OUT!!!! Anybody know participation rates for other groups yet?
How To Rob a Bank, Buddy Edition
Look for a scandal-ridden bank under a Federal Asset Cap with 2 failed CEOs Observe bank’s incompetent BOD stumble in their efforts for a year to hire any talented banking executive as new CEO Interview for CEO job, pretending to be... — read more
Nintendo CEO once halved his salary to prevent layoffs, and it worked
https://www.cnbc.com/2024/02/13/nintendo-ceo-once-halved-salary-to-prevent-layoffs-why-thats-uncommon.html
Location strategy talk?
In tech, non-core location. There hasn’t been much mention of location strategy related layoffs lately, so are they done for 2024?
CIB Markets COO reorg
Is anyone aware of the recent org change announced where CIB markets COO team will be aligned to John Langleys central COO team ? This sounds like a cost cutting strategy to me. Also if anyone has any input on this team and the future direction that... — read more
Nike jumps on CEO replacement. Investors optimistic.
Glad to see that some BODs do their job.
Embarrassing.
Each Monday, a National Sales call is conducted for WIM/WFA. This past Monday, the head of National Sales participated from what seemed to be his car parked in a garage, using a smartphone positioned at his seat level pointed up to capture his chin... — read more
How many teams have AI in their titling or stated focus?
And are there too many? Too many all trying pose as building se-y cost cutting things that are just vaporware cost centers? Seems like a good area to consolidate and cut. Then cut some more.
Short term disability question
Anyone know if we can get short term disability for anxiety at wells? I don’t have any previous experience with short term disability however the anxiety I’m experiencing working here is terrible.
More layoffs in the near future
https://www.desmoinesregister.com/story/money/business/2024/09/19/wells-fargo-layoffs-west-des-moines-jordan-creek/75295246007/
WF truly is a dead end
I’m sorry for veterans who have to learn this hard way, after investing years and decades here. Some of the younger generations came into a profound shift of how the workforce is perceived and treated, and know better than to stay in one company for... — read more
More layoffs at Jordan Creek
https://www.desmoinesregister.com/story/money/business/2024/09/19/wells-fargo-layoffs-west-des-moines-jordan-creek/75295246007/
Anyone else feel like they got punched in the face?
Got laid off on Tuesday after +25 years and while I kinda, sorta figured it HAD to be coming I'm still in shock. Given the multiple transfers (further and further from my area of expertise) over the last year or so, I find myself feeling manipulated... — read more
Chief Data Officer is jumping ship..
Every company out there is looking for AI and Data headcount. This place treats it like an after thought. Not sure why anyone in these areas would stay at this company, the $ and upward mobility are far great outside of this place.
10/2 CEO Town Hall
Flood Corporate Communications with questions for the town hall about Denise Prudhomme.
How common are faked qualifications overseas?
One of my international coworkers confided in me that they only completed one year of a college degree even though our job requires at least a Master's. They're competent enough for what we're asking them to do but it was still shocking to hear. How... — read more
Global survey is mandatory?
Got an email from my level 2 up manager . Stated that completing the survey is mandatory. They even had a list of who hadn’t completed it yet. So much for anonymity.
Your first impressions of Charlie Scharf?
Your first impressions of Charlie First time you saw the CEO in person or via video. Thoughts? #OhCharlie
What's the best way to ask for a raise?
I feel (not certain) I am at the bottom of the range and I feel that my contribution is exceptional. Is there a way to ask for a better comp without pi----g off the manager?
How to deal with layoff anxiety during stressful times
Trying to keep on keeping on while the displacement axe is swinging... https://www.calm.com/blog/layoff-anxiety Snippet from article: "In times of economic uncertainty, lack of job security can be frightening. Feeling the need for financial... — read more
Are processes and procedures in place for a reason or out of incompetence?
I paid more attention during the last week to how much time and energy I had to dedicate just to paperwork, following the specific procedures and compiling reports. Oh, and regular meetings. My estimate is 70% of the time. I’m not talking about the... — read more
Unethical behavior
I’ve been with Wells for many years and I’ve never seen the sort of unethical behavior as I have lately. Employees are so afraid of missing a deadline or ending up on a report that they are doing anything they can to not miss the deadline or land on... — read more
Make sure you setup the Authenticator app on your phone
Now, before you get displaced. You will need that to login to workday/teamworks etc
Displaced yesterday
I was displaced yesterday. I am trying to access workday at home from teamwork’s at home. I can’t login. I follow the prompts, request a new password sent to my personal email address (which I did have on file in workday before I logged off). I keep... — read more