Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

CSBB Change Management jobs moving/eliminated

I heard CSBB Change Management jobs are being moved to technology from the business and possibly roles will be eliminated or moved to India. Before agile these would be program and project managers. The communication is coming soon. Can anyone fill... — read more 

CIB Markets Real Talk

What is up with the recent new hire that will by a “co-head” of the CIB business. For those that are part of CIB markets is this even a real business ? I know Charlie wants to grow CIB but it seems to be more skewed towards investment banking vs... — read more 

Locations

Can you tell me the approved core locations and specialty hubs for Shared Services?

Leave it to Charlie….

To send out announcements of new executives being hired, yet only include a picture of himself in the announcement. Narcissism, folks!

No job offers

A coworker who lost his job in February said he is yet to receive a single job offer. Luckily, he can afford to be out of work but what about those who don't have a wife who works or a safety net? This job market has increased my anxiety and fear of... — read more 

Please leave me off!

Getting training tomorrow which I’ve done all my life, like so weird! Lowest paid employee but I’ve done this sh-t all my life. Oh wow,! we’re gonna actually do sh-t normally with project management. It makes me sick! Ha🤪

I had enough

40+ years in tech...designed large and small systems and have 7 systems patented under my designs..including here at WF. These people pushing Agile no matter what...need to be treated like crack addicts...they really have no clue...Agile is great in... — read more 

Position Title Comparisons

How high up on the food chain is an Executive Director at Wells Fargo versus other places like JPMC, BOA, or Goldman?

Complaints

Has anyone heard or seen anything about the location strategy for ECR (enterprise complaints and remediation) . I know the announcement was March 21 but don’t know if any groups have been let go yet

Juan Gonzalez resigned

Just in Juan Gonzalez head of consumer direct has resigned. Let the ba--s start rolling. He was only one stopping mortgage from imploding

Remote in Workday

Those with medical accommodations (MAs) who are approved to work remotely traditionally have not had "Remote" listed as location (hub location addlress would still appear in Workday). My understanding is that this was done because: MA might be... — read more 

Wave station and rto

Does the wave station login count on rto reports? I'll swipe the badge but I don't want to bring my laptop.

Technology Leaders on Tour

As displacements cut LOBs deeper, retirements the new norm, and morale sinking why would leaders think it's a good time to mix and mingle in hub markets? Just learned leaders are touching down in PHX and MN this week.

3/5 Layoffs, let the ramping up begin

850 layed off on 3/5, so the trend is definitely headed towards peak domestic employee purges. About 500 were remote. Good luck to everyone that was impacted, and will be. It's going to be a mess for some time.

The bell curve will get you!

During annual review time, your manager, his/her peers, their manager all sit around a table to fight for salary increases for each of their team members. Exceeding Expectations is the new Meets, with many ARTIFICIALLY ranked as Inconsistently Meets... — read more 

From their 3/1/24 FB post

But yet we are lowly wage slaves? Such horse 🐎 cr-p.. Wells Fargo employees make a difference. The work they do every day helps our customers succeed and our communities thrive. And while we celebrate them today, we appreciate them always. From the... — read more 

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| 1460 views | | 17 replies (last May 7, 2024)
Post ID: @OP+1sno2zBi

PIP upon Layoff

Does anyone know if being on a Performance Plan or got a Needs Improvement on the annual review disqualifies them of Severance Pay?

Barnhart - Oregon

Who all is being forced to different seating and different schedules since they laid off a bunch of managers last Tuesday? Anyone know if we’re all just going to be on the same in-office schedule now? Also anyone think it’s odd that they suddenly... — read more 

May the 4th be with you…

Time to hook up the horses to the stage coach & look for a new job, layoffs continue. This is the way.

Changes/layoffs in Wholesale

Seems like more layoffs and changes are coming in wholesale. Having a tough time figuring out what the heck we are doing. Do others have concerns on where this is going?

WFA St Louis HQ

Why do they even have this site? No one goes into the office. It’s a ghost town.

Recommendations from coworkers

My coworkers were discussing the strategy to beat layoffs at Wells. One recommendation was to do just the minimum work without quitting. My coworkers and myself have confirmed by multiple sources May and June are the most dangerous months for our... — read more 

Tech Issue?

Anyone got the scoop on payment issue? Rumor has it that there were some folks let go because of Techs inability to fix problems. Any truth? What is going on?

Is my boss lying to me?

I noticed a job posting in India with my title and responsibilities. I asked my boss about this directly if this was to replace me, in which they did very briefly pause, but then explained it had nothing to do with our team, but with another group... — read more 

Our CEO protege of this Guy

https://www.realclearpolitics.com/video/2024/05/02/viral_tiktok_what_does_jp_morgan_ceo_jamie_dimon_mean_when_he_says_the_consumer_is_doing_well_in_2024.html

May 2, 2024

Maddening https://www.desmoinesregister.com/story/money/business/2024/05/02/wells-fargo-iowa-west-des-moines-jordan-creek-layoffs-announced-ceo-gets-pay-raise/73543399007/

Severance payment?

Will someone please comment on how long it took for them to receive their first severance payment after the 60 day warn notice was over? I have received payment for unused PTO but the severance checks have not started yet. Thank you in advance.

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