I was laid off from my M3 position in October of last year after six years of service. As I am in my mid-40s, I am currently facing challenges in securing a new job. I submit applications for at least five to ten positions daily, but I have not yet... — read more
Charlie Scharf, on a Redefining Leadership Podcast 🙄
“I actually am a firm believer that you do have to define who your friends are, who your partners are, and who your business enemies are. I don't mean that nastily, I just mean, you know, who are your real competitors that you've got to be fighting... — read more
Gen Z New Hires Being Fired at Record Pace
Six in ten employers had already fired some college graduates they had recruited earlier in the year, a survey conducted by Intelligent.com found. One in seven the employers said they also might not hire fresh college grads next year after finding a... — read more
Audit
Why does audit run from the big issues but embrace the tiny easy fixes? We need people in audit that understand the bank and how we manage risk. We have too many people learning on the job at all levels. Same goes for ITV and EBCE. Minimal value... — read more
$250k is the new $100k
Just noticing
Negotiating severance?
Layoff WF Fam, First off, thank you for the all contributors on this site for their insight and support. You guys make the slog more tolerable. A long time ago, I read a blog about a guy (financial samurai) who used to work in finance that was... — read more
Build connections while you still can
If you're thinking about leaving Wells Fargo but are unsure how to start, networking is the way to go. Get in touch with people now so you're on their radar. Trust me, you'll have much better luck when you're already in contact than if you reach out... — read more
Outlook invites for survey...
So besides the multiple daily reminders, I now have a 15 minute mtg on my calendar to take the survey... what is the deal? I just took on 4x the work. I'm busy earning chuckles bonus over here can't you just leave me be? This feels like harassment... — read more
Town Halls
They present a remarkably predictable spectacle of a farce. They dedicate 40 minutes to mutual commendation of those on the panel with the leader, followed by 10 minutes highlighting their so called accomplishments, and conclude with 5 minutes of... — read more
NOV 26 - "SUPER" WAVE LAYOFF
Straight from an HR snitch. A ginormous layoff right before Thanksgiving. The reasoning for that timing is to have the worse possible effect on morale. And thereby induce more voluntary resignations and save on precious severance costs.
OCT 1 LAYOFF WILL BE MASSIVE
According to my sources, Oct 1 layoff will be huge across all LOB - It will be the last major one until next year
The Elite's War on Remote Work Has Nothing to Do with Productivity
https://www.the-sentinel-intelligence.com/p/heres-why-they-want-you-back-at-the-office-so-bad There's an office real estate apocalypse unfolding. Corporate landlords currently hold $1.2 trillion in loans on office towers all over the country Now... — read more
Sept 24 layoffs
Who got the call today? Location? Department?
What's Going On With Wells Fargo (WFC) Stock?
https://www.benzinga.com/news/24/09/40988851/whats-going-on-with-wells-fargo-wfc-stock
I love the diversity question in the survey
100 Indian folks, 90 answered Wellsfargo diversity is great. In reality, you see Indian folks everywhere in the organization. Great job Wellsfargo!
Survey participation at all time low
Survey participation all time low shows lack of engagement and low motale- leaders have miserably failed!
Silent Sacking
How it works: https://www.youtube.com/watch?v=U6H_oSdUP9I&t=977s F SHART F RTO F HUDSON YARDS F SP F HR WTF
Agree or disagree?
Unless you “physically” have to touch a customer and/or product, you should be working from home… Do you agree😱
Life after Layoff
My Spidey Sense is telling me they are getting ready to cut me (after 12 years) along with several of my peers as automation is beginning to eat many of the tasks we used to perform. I'm 56 and made pretty good money over the years. Also pretty... — read more
Overtime is one of the ways company exercise full control over us
It’s just another way to su-k us so deep into work that we lose sight of our own lives. Corporate culture is like a fu--ing cult. Everything is there - fear, anxiety, being overworked so you can’t think straight. They even still try to sell you... — read more
Would your immediate manager know about layoffs?
Even though you are going above and beyond to get things done, there is no job security and layoff anxiety lingers. Would you talk about it with your manager or director about it or just stfu, work and go home ?.
Barnhart update
Upper mgmt comes in to say of tentative layoff date not until midyear 2025. Meanwhile Barnhart Housekeeping mentions of a new company scheduled to start first of the year. Which is accurate and how will this play out? Any insights is appreciated... — read more
Laid off 43 plus years!
I was displaced at age 65 after working for WF for 43 years 5 months. I worked an average of 60 hours a week as an exempt employee. My projects and reports were always on time and I rarely used sick time. I was the employee asked to assist my peers... — read more
Mike Benjamin to retire
Has lead retail core operations since 2015. Bye Felicia! 👋
Statement on Recent Loss of Wells Fargo Co-Worker Denise Prudhomme
You don’t have to be pro- union to support this statement from The Committee for Better Banks. Some excellent points. The recent loss of our co-worker Denise Prudhomme in Tempe, Arizona is only the most tragic example of Wells Fargo's giving lip... — read more
Stacked Ranking
How many managers here are being instructed to stack rank your team and choose to do it out of fear of losing your job?
WFA monthly statements put it all out there for thieves
An older relative asked me a good question this weekend, “Why doesn’t Wells Fargo Advisors redact part of the customer account # on their monthly account statements which are mailed out, like credit card companies do?” I asked to see one of his... — read more
Post your AGE when layoff occurred
Me: No call yet but going on 50
X days since the last layoff round
Should every team put up a sign that says "It's been X days since the last layoff round" and see how many times per year or even month it gets reset to zero? If it was company-wide, we would rarely get above 7 days, but since it's per team, we might... — read more
October Surprise
Layoff surge expected
When will location strategy fail?
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?