I used to be 5 down from the CEO, now I'm 7 down without any job change. Every level that's inserted is Managing Director or higher. None except Charlie have more than 12 reports, most are in the single digits. How TF is that increasing efficiency? — read more
Continued layoffs at Wells Fargo 2024
The executives continue to cut heads all year but can send two executives on roadtrips to India and the Philippines and announce plans to visit facilities in London and Singapore. Must be nice to have money for travel which includes hotels, meals... — read more
Saying "Text" on Teams
I've heard from other team members that they're being looked at if they mentioned the word "Text". They have to answer 2 questions and provide screenshots of their text messages to prove it wasn't about work. Has this happened to anyone? If it's... — read more
Wells Fargo Employee dies at work and body not discovered for 4 days
How does this happen? Wells needs to be more transparent on how this happened. RTO for collaboration just got annihilated... — read more
Shaun M new Southeast Division Exec
Thoughts? This organizational change impacts everyone in the Branch Network, and heavily impacts 1/5 of us. What ripple effects do you anticipate? Who will take his place and what changes will they make?
I'm regretting choosing to work for Wells Fargo
I had offers from several smaller banks, but I thought my job would be safer here. Now I'd laugh at my own naivete and stupidity if I didn't feel like crying.
Fireside chat
Who came up with this. Like in real life, have you ever even had a chat by the fireside. If it doesn’t happen in real life, why would someone want to describe a meeting this way?
Question about the final Adios Amigos
Some managers have left for greener pastures. Others seem to have distanced themselves bracing for when they have to lay people off. That's business and all good and well. In any case where an employee and their manager may both be scheduled off on... — read more
Banker connection Salt Lake City UT
Just had a meeting about oboe many ppl we need in order to stay open here in SLC. My manager seems to act like she/he knows we will be here for awhile. But he says the number of people that leave our department (which I noticed a lot have left)... — read more
First citizens bank
I've heard quite a few of WF employees left to go work for FCB. Anyone willing to share their experiences? Any regrets?
Any North Carolina news?
Charlotte Raleigh Winston Salem Wilmington ?
Layoff’s = Turnover
Older employees stay longer, reduce your turnover and cost you less. We all know that turnover is costly, both in terms of money and time. Less turnover means less time spent on recruitment, training, and onboarding, and more time focusing on... — read more
Any rumors about consumer lending?
It’s been radio silent in CL. All the people I know who are remote are still there. Besides some random displacements due to small reorgs, haven’t really heard much.
Don’t complete the annual Global employee survey!!!
leadership wont listen to feedback, they only care about participation. Decreased participation rates will send a better message than negative feedback.
Ivanti vpn is down
I'm not going in just because the bank can't keep VPN software up and running. Looks like a nice, slow day for me.
Bridging
If you come back in a different role after the 60 days, is there some bridging for 401k match and bonus?
H3LLS FARGO is back
Notice an increase in complaints from employees around the toxic culture ?! Yea, it’s not a coincidence- wells is heading back to the torture environment from pre 2016- new network leadership breeding bullies and their only way to manage is thru... — read more
Totally burnt out and ready to leave WF behind
It’s not worth it. It really isn’t. I’ve been here for five years, and all I can think of lately is what else I could have done in that time. I know it’s silly to think that way, and most pastures are not greener, but still. I reached the point of... — read more
12-month total
Is there any way to know how many folks were laid off in the last 12 months? Considering that we're having monthly cuts - sometimes even weekly - I'm guessing the number must be substantial.
woman found dead at desk
https://www.12news.com/article/news/investigation-underway-after-body-of-wells-fargo-employee-found-dead-at-work-tempe/75-1329570f-3b63-4869-b4bd-7d45801a80f2?ai=#m0da0mm5j8uba8i7axa
Another day, another bloody migraine
Is it worth it anymore? Come in, huddle, pretend that I’m happy, help customers, leave the damn branch for my miserable 45 minute lunch, come back and help customers, leave 15 minutes after branch closes to only be reminded that I hate my job. I... — read more
Ka-Ching!Wells Fargo is a boon for therapists
My therapist candidly revealed she has a lot of patients who are Wells Fargo employees. Although they work in different areas of the bank, they all have the same issues from the toxic environment.
Continued use of H1bs
Tech and outsourcing companies continue to exploit the H-1B visa program at a time of mass layoffsThe top 30 H-1B employers hired 34,000 new H-1B workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023... — read more
Wells Fargo has become too stressful for me
It's always something. Every single day. Layoffs, PIPs, benefit cuts, threats, gaslighting... It's too much for me. I know work is not supposed to be fun, but this has reached the opposite extreme. In fact, I think that I'm ready to leave the... — read more
Hmmm 🤔
https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html
David Owen Org
What was the reason for reassigning business groups under David Owen?
Bonus if you retire
Can you be considered for a bonus if you retire?
Your employee survey comments are not anonymous, only kept confidential
If you choose to do the survey, remember it's confidential. It's not anonymous. Confidential: intended to be kept secret (in this case by an unknown person or group of people) Anonymous: not able to be identified by name
Short Term Disability, FMLA, and layoffs
What happens if someone is laid off during a medical leave? Do they still qualify for severance?
Wells Fargo’s cost cutting spurs hundreds of layoffs
Wells Fargo is shedding hundreds of jobs in recent rounds of layoffs around the country and more are expected. https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html
This Tuesday is safe, right?
It's the next one we should be worried about?
New titles in Wim Ops
Now everyone is a non descript SOSS again….yay
ADA and terminations
I am hearing that HR is reviewing all medical accommodations for remote work and if you don’t agree to come in at least one day a week it has to be approved by sr leaders and if they don’t approve and you don’t RTO you will be terminated. Wouldn’t... — read more
If your team and/or mgmt is bad, just don’t take it personally
I’ve had a really bad manager for a while. Type that breathes down the neck, micromanages and is an insanely unpleasant and arrogant person. Always an obstacle, never assistance. All he manages to achieve is to interfere with our focus and reduce our... — read more
9/3 Layoffs / Your Labor Day Specials
Ready for that?
I can either get the work done or involve Indian team, not both
With my team here getting cut I have more and more work to get done. Now I’ve been told to involve the India people more. I can do one or the other but not both. I can do it with my remaining US team and know it will be okay. Or I can give it to... — read more
Dtd August 12, 2024
https://franknez.com/wells-fargo-is-now-under-federal-investigation/
Bridget’s master plan
She wants to have a deep cut by end of Q3 (October).
Stick around until laid off?
I have been reassigned to a new boss who doesn’t like me and I don’t like either. Feel like he is enough of an awful person that he may give a bad review even after all the hard work I do. I am actively looking for other jobs both externally and... — read more
Internal Audit current work environment and RTO?
What is the current work environment like in IA and what is the RTO enforcement like? I imagine it's like most areas of the bank these days, where people are overloaded with work, but curious if some teams are worse than others in that regard. How... — read more