Has it been like this for a while?
Had an awful and dishonest new manager
I decided to go on extended medical leave while I looked for other opportunities and then quit. As a decorated employee with decades of service, I felt that I had no realistic options on blowing the whistle or escalating.
Let's offshore to a country that is trying to collapse the dollar and wreak our enconomy.
Makes sense that Wells Fargo should send jobs to India and tie success to one of the BRICS.
Layoff strategy ECR
When is ECR scheduled to complete location strategy layoffs? Several still employed either remote or non core
7/23/24
I heard this was going to be a significant date for the next 🌊Wave. Hold on to your 🏄 surfboard everyone.
TrasyKayrine AMA
Folks should not ask any question in AMA so that TrasyKayrine and her mobsters are not able to take this opportunity to lie, mislead and bs. If no question is submitted, TrasyKayrine AMA call will end in 1 minute and it will look bad on her.
Contingent in Title
One of my friends title in teams suddenly changed with "contingent" attached to the title. Does anyone knows that that mean. for example "risk officer - contingent"
Same boat at JPM and B of A
I cruised the layoff forums for JPM and B of A. They have the same issues we do. I also heard US Bank is pushing back into office and Hubs as well.
Always be on the lookout for another job
It’s taxing, I know. We don’t always have time or, frankly, want to be bothered, but being aware of the state of the job market, getting occasional offers, or maybe coming across the golden opportunity and leaving WF, will definitely make you less... — read more
AMA w/TK
Let’s see what nonsense they will discuss for an hour.
Do you know anybody who regretted leaving Wells Fargo?
Out of those who left on their own.
AI and your future
AI won't take your job, someone using AI will Technology never replaces. It enhances. Proactive managers have a healthy progressive view on technology -- reactive facilitators do not. I am sure AI is underemployed at Wells Fargo -- but it has been... — read more
Checking in on recruiting process after fake interview scandal
It has been over two years since the fake interview scandal came to light. I recall BL coming on the company wide town hall and committing to make a huge overhaul of the recruiting process and candidate experience, including providing detailed... — read more
Don't wait to be laid-off if you have been with Wells less than 5 years!!
Most of us who want to be laid-off have been with Wells for a long time. But y'all younglings, start your job search right now. One of my co-workers was laid-off, but had no idea it was coming. Get your resume out there, folks.
Jacksonville office closing
The Jax Florida office will be closed first quarter 2025 and everyone will be displaced. A lot of GTM people are impacted. None of these people can be replaced by staff in the Philippines, so GTM should be a disaster. Oh wait, it already is.
Employee Banking after Lay Off
What kind of fees does one incur after a lay off as in no longer a WF employee with their checking, savings, CC, etc?
What to ask the hiring manager during the interview
Who have you recently promoted (and Why)? What I'm looking for: Are promotions merit-based? Can they get people promoted? Have you had to fire anyone from the team (and Why)? What I'm looking for: Do they protect the team... — read more
Meeting time
Microsoft says meeting time has TRIPLED since 2020... Typical workers are spending 57% of their time communicating [meetings, calls] with others... To quote them: 'Today, knowledge work is, quantitatively speaking, less about creating new things... — read more
ITV Update…
Most directors are very nervous. The easy days of sitting through RCSA workshops to mindlessly monitor conversations are almost over. Most are not needed. Most do not understand the enviornment. Most backgrounds do not align with our future. ... — read more
Remote engineers your day has come
Earning release is bad. Stock is crashing. WFC is going to execute location strategy in faster pace. Your day has come.
LOB or Enterprise? Which is safer from layoffs?
Just curious what others view as a safer environment from layoffs, an enterprise function role or an LOB role. Pros and Cons to both. Feels like enterprise groups are seeing a bigger impact these days. Thoughts?
Rumor: SPCM Layoff Tuesday?
Does anyone know if Sales Practice Conduct Management laying off investigators and intake on Tuesday?
I'm more worried than ever
It took one of my former coworkers nearly six months to find a new job after he was laid off at the start of the year. Knowing how bad the job market is makes me even more worried about being laid off. My stress levels skyrocketed since I learned... — read more
A warning for call center employees
You can be fired at any moment, and managers will pull the trigger if they feel so based on the metrics they have access to. This happened to me on Wednesday... It was a quick conversation... she told me that my metrics were not good and that... — read more
Lower Inflation and Layoffs
If we assume that inflation is about to go back to normal, leading to lower interest rates and tame prices and a return to pre-COVID inflation levels... how would such a situation impact the decisions made by executive leadership regarding... — read more
How is Charlie Scharf still the CEO??
Jamie is coaching him so very well, the magic spell and full control of the board continues. What else to say...
How does a sane person think this is okay?
"Still, Wells Fargo remains shackled by a $1.95 trillion asset cap that prevents it from growing until regulators deem it has fixed problems from a fake accounts scandal. The bank still has eight open consent orders after the U.S. Office of the... — read more
Displacement and Mid Year Review
I was displaced on 5/28/24 and currently on my notice period, so this might be a moot question.. today I got an alert in Teamworks that my mid-year review was completed. I was curious, and checked. In all areas there was a comment: "Employee was... — read more
Wells Fargo Is the Worst Performing Stock in the S&P 500 Friday
Wells Fargo stock was falling as investors digested an update on the bank's net interest income outlook. Shares were down 7%, on pace for the worst post-earnings decline since January 15, 2021 when shares fell 7.80%, according to Dow Jones Market... — read more
Left after 5 years at WF
On my own. Didn’t wait to be laid off and get severance. I figured at one point that this job and industry in general isn’t for me. I completely shifted gears, went for a much smaller and cozy company in an entirely different industry. I’m paid well... — read more
7/12 Second Quarter results
Predictions? Stock up 4% Stock down 4% Stock stays unchanged.
Got the call
I got the call Tuesday AM. I was ready to go and feel a lot of relief. WF was great to me for many years but my whole new management chain was from JPM and they are just not fun to work with. They also don’t seem to be the saviors everyone wants them... — read more
Open your eyes
Open your eyes people! Charlie is simply downsizing Wells Fargo so that when he takes over as CEO of JP Morgan, he’ll be able to buy the brokerage business for pennies on the dollar. Buying the bank may also be in his sights.
The counter layoffs strategy
In the upcoming earning release Wellsfargo will announce big layoffs. Have your strategy ready.
The big tragedy is the bank no longer requires much from us
After losing too many good ones, our error/failure rate went from 1% to 25% in past year. The offshore hires and new domestic employees obtained through re-orgs are looking at everything with a fresh set of eyes and are very green. Ignorance is... — read more
What’s the point?
Beyond leadership and stock owners' bottom line, what’s really the point? It doesn’t seem that individual performance matters. Nobody cares about mgmt competence. Nobody is proud to be a part or a lead of a successful team. Nobody is trying to make a... — read more
Workday reset my time in job after re-org
Now in spite of being in my job for 5+ years a re org has set my clock to 0 months workday. New manager is terrible and he gets notified of every application and has the power to approve or reject my application. So frustrated...I hate workday
Unsolicited advice from a layoff vet
I've been in IT for 25 years and have been laid off 3 times. I anticipate being laid off a fourth time here due to "location strategy". My first layoff was in 2009 after the company I worked for was purchased by private equity and they canceled our... — read more
Not everything is our fault
I'm all for holding the bank accountable for what it does wrong, but in this case, I really don't think that customer stupidity should be rewarded. I'd be embarrassed to sue for something like... — read more
The Layoff Blues
I saw this on LinkedIn. I'm not a member of LinkedIn, but was looking on LinkedIn with a friend. I like this quote, but honestly I am scared because so many people will be applying for jobs. Everyone says the job market simply is not great right... — read more