Looks like 24 people are being laid off in West Des Moines. Anyone have details on this?
Not exactly a “layoff” question but more of a hiring question.
If I were to hire on to WF, would they require me to move all investments that I have, under the management of Wells Fargo? Example: Move all JPM mutual funds that I own, transfer under WF investment management.
Disgusting
I had a one on one with my boss for my mid year discussion. My boss made up many fake comments and hinting I will be on PIP.
Reviews are just a cover for selection at will
In exchange, work as little as possible, take as much as you can, and always search for other jobs. In this day and age it’s silly to try to prove yourself in a workplace. Hard-workers can be gone as fast and easy as someone acting as a beach goer... — read more
Fake account scandal, fake interviews, and now fake reviews
When and how are we going to hold managers accountable? Enough is enough!
Stacked ranking
Remember folks, wells implements stacked ranking when it comes to review time. There will always be someone that has to take the hit with a bad review. Not everyone can be good! Which is obviously not true, but that's how it goes 🤷♂️
St. Louis closing E building announcement
Sol G announced yesterday in his town hall that they are essentially closing the E building in St. Louis in the next 3-6 months. Moving everyone out & will only be using 2 floors going forward. STL has 2.5 million sq foot of workspace & only needs... — read more
BS Mid-Year Reviews
Out of 6 reports, managers came up with 1 report as evidence to show my weakness that was also BS as someone pointed earlier artificial/fake review but let suppose that 1 was bad still I have done 5 projects/reports pretty well i.e approx 80% time I... — read more
In case you are new or don't know... HR is not your friend
For those people who think HR is going to protect you, it's likely you are wrong. There could be some instances where an HR outcome benefits you personally but don't be confused, HR is there to protect the company. Filing claims and cases can put a... — read more
In-office time tracking
Someone I know got fired because of time tracking. Is there a chance this is true or is somebody trolling?
WEC Winston-Salem Location
Any news as to when the WEC building will start layoffs for CB? NON core location and will eventually close.
Organization should fire all managers who play fav games
Even if a person does very little work, if they are a favorite, it looks like they have done a lot. But if you are not a favorite, even your 100% effort counts as only 50%. These kind of managers should be gone.
Why am I getting Inconsistent Meet?
F that! I work hard long hours for that cr-p?
"managers artificially making up fake reviews to sc--w good performers."
So true, total BS comments they come up with, "I have problem with managers artificially making up fake reviews to sc--w good performers. This typically happens to those who are not managers' favorites."
RCSA
In at least one division, RCSA is being moved up a week, e.g. they have one week less to get work done. Itchy trigger finger for firings?
Relocation offer
Non-hub remote worker here. Got a relo offer. None of the tech locations appeal to me. Already applying elsewhere. Still have the better part of a month to tender my decision knowing that even if another company contacts me that they won't want to... — read more
Update
Was told to update my personal cell in workday by Mgr. who got a notification it wasn't updated. I'm remote but not in tech or anything. Standard update or definitely a sign?
Best job at Wellsfargo is Scrum master
Great pay great job security.
Mid year review
Managers are going to use mid year review to remove people who are not part of their gangs.
Looks like regulators just flagged the bank for another gap in compliance
c-suite was just called to an emergency conference - huge gap in risk and controls.
Offshore / India Question - Writing on the wall?
Late last year my company began to hire India resources. At the same time we were mandated to create extremely detailed procedures/SOPs for everything we do. We've now aligned an India resource to each US team member to perform the same work. We... — read more
Here is why you are being let go
In CIB we have an MD who in the last 2 month has hosted 2 co-----l parties, 2 golf tournaments, 1 outdoor concert at a winery, 1 monster truck rally and a spa day event all of which included drinks/meals/ and parking. The outdoor concert included... — read more
Auto Finance?
I mean why?
I expect WF to follow soon enough
Saw this article about how Amazon is no tracking time in office for their corporate employees. My guess is we will have something here sooner than we think.
Prima facie
Can’t wait for my midyear review because after 28 years they kicked my a-s because I had a surgery, but I know I have lawyers by my side. Prima facie, give me a bad review after 28 years when I had to do a surgery never had a bad review and 28... — read more
Wave 3 will be a big one
Wave 2 for core location strategy just happened and I was told by team leadership if you weren’t in wave 2, you will be in wave 3. Wave 4 is only special exception/projects. Was told wave 3 will likely be “early 2025”
Sad
https://data.usatoday.com/see-which-companies-announced-mass-layoffs-closings/wells-fargo-sc-permanent-closure/sc-2024-00029/?query=&page=
Life after RCSA
What’s going to happen to all the employees that have been on the FST for RCSA?
Parental Leave and Layoff
Is anyone familiar with how WF has handled layoffs for employees on parental leave? The displacement/severance policy is opaque and the guidance I found is that they COULD give notice to someone on parental leave (start the 60 day notice period)... — read more
Do layoffs only happen on Tuesdays?
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.