All kinds of sc-mmy things WF is on the radar for. Again remember to let all of your families and friends know that for your and others financial safety under no circumstance is it a good idea to do business with Smells Fargo.
Just came here to remind you
That not a single one of you knows what is going on. This is a gossip and rumor mill site. Layoffs are to eliminate low performing and overpaid staff. If you perform you will get a location exception. Don't believe the of this crazy hype.
Town opening a new CHASE bank next to Wells Fargo & Bank of America
Thinking to open some new banking accounts with the new Chase bank opening in my town right near the existing Wells Fargo and Bank of America branches. Chase sounds like a good, stable, honest and trustworthy bank to work with in the future.
Layoffs and India/Philippines
Does anyone truly know truly know the salary ratio from a laid off worker to a India/Philippines hire? $100k job laid off here is paid how much there?
Bullying people out of their jobs
Layoffs are expensive, especially if the company is getting rid of employees who've been here for a while. I think they have another strategy that has been playing out simultaneously with layoffs to avoid paying packages. They have been trying to... — read more
Layoffs are slower than expected?
It appears that the layoffs are not as severe as initially anticipated. Could they of changed their tune about it?
Happy weekend
Hope everyone is happy
Audit Leadership Update?!?
Anyone know why audit leadership sent out a department wide meeting invite at the end of the day on Friday for a quick call at lunchtime on Monday?!?!?
LinkedIn Top Companies 2024: The 50 best large workplaces to grow your career in the U.S.
Guess who's number 3? Can somebody please explain to me how? This has got to be some kind of a joke. LinkedIn Top Companies 2024: The 50 best large workplaces to grow your career in the... — read more
60+ Smackaroos
Congratulations to all of those who didn't listen to the 1d10ts telling you to sell. We win. The tunnel vision non chart reading and non fundamental understanding losers lose. https://www.thelayoff.com/t/1qnp4th9
Stock Price and LinkedIn Survey
I know the positive news does not fit this Board's narrative. Forgive me for trying to sound a little upbeat. Somehow the fact the stock price again hit the 52-week high yesterday went completely unnoticed. What also went unnoticed is the fact the... — read more
Iowa WARN Notification 04/16/2024
Iowa posted their WARN notification late Thursday night, but this one looks different than the rest. For example, two weeks ago, the layoff date AND notice date was for 04/02/2024 for five people. This week it shows a layoff date of 6/16/2024 and... — read more
Non paid relocation
Why are some people allowed to relocate to one of the hubs and others are not? They work in the same group, same role, some were told they can relocate to a hub others were told they cannot. How discriminatory is that?
Another seasoned leader leaves Wells Fargo
Heard the leader for architecture and product tx is leaving. why can’t we seem to keep the good ones
At what point is it discrimination?
I’ll keep it simple: I work in an area of the bank where there seems to be a calculated effort to eliminate make employees. Not only do women outnumber men 3:1, but we also haven’t hired a man in 6 years and nearly every employee displaced or... — read more
US Supreme Court sides with employee -- time to re-think Transfers and "Location Strategy"?
Forced lateral transfer was at issue in Muldrow v. City of St. Louis. Yes, every case will its own facts -but come on - it is rare event when the Supreme Court sides with Employee. Time for the Executives and Top Management to get some competent... — read more
Can India be trusted ? If not , why are we risking with so much of offshoring there
https://www.deccanchronicle.com/opinion/columnists/sanjaya-baru-are-india-us-relations-going-into-a-free-fall-888009
Tech AMA with Tracy — Recap, Thoughts?
I missed the AMA — didn't have the bandwidth for stupidity today. For those who took the hit for the team, were there any worthwhile nuggets of info?
Execs in COO are junior managers
It so embarrassing to watch the decline of COO from its original high point of “mediocre”. There are execs with massive responsibilities in SSO that are getting into minutia of what their organizations are doing. Bypassing management they are... — read more
Flexible Work Arrangement?
I have a coworker that is remote that said in their profile they have a “Flexible Work Arrangement” and it stated it was for Critical Skills. Any idea what it is about?
I was watching NBA and
Is Philadelphia a hub? I noticed the 76ers play in Wells Fargo Stadium. Who is getting tickets? I found it ironic being a non-hub or you’re fired. Lol
Service Now, MyIT and Agile
Wells Fargo has become incredibly adept at hiding issues and trouble all in the name of progress. Due to increased scrutiny over meeting SLAs, ticket/incidents in Service Now are closed and marked as resolved despite not actually being resolved... — read more
Who else in CTO got laid off?
I just did yesterday. One of the hubs
Did they offshore all the jobs in the compliance dept ?
I heard that all the jobs in the compliance dept were outsourced to India. Is that true ?
RIP your career 5/14
Larger day will be in June
Cybersecurity Layoffs
Layoffs in Cybersecurity on Tuesday. Can anyone confirm? Why they don’t say anything! Folks just don’t show up for meeting so you just sitting in conference room waiting.
CHARLIE'S excited about Advisors recruited
https://www.advisorhub.com/wells-fargo-lands-1-2-bln-private-wealth-team-from-morgan-stanley-in-beverly-hills/
Wells Fargo tells federal court why it should toss out $34M lawsuit from former CEO
The San Francisco-based bank, which has its largest employment hub in Charlotte, made a motion recently to dismiss the complaint filed by Sloan in December. He retired in 2019 after a massive sales scandal involved employees setting up millions of... — read more
If they are reading our posts, some of us have questions.
Apparently, the timeline for closing the Richmond call center is sooner now than 2-4 years. When will it be closing exactly? Will they be laying off employees before the call center closes? Lastly, was the building sold? Thank you in advance.
Wow
It’s weird that my manager finally stepping up. I think with this whole relocation strategy it’s making the bank greater to be honest when someone does their job.
Age Discrimination
Won my age discrimination lawsuit!!! Don’t let them make you believe that there is no age discrimination!!!!
Severance change.......
Has anyone heard or seen on news that WF wants to make some changes to the severance depending on how close someone is to retirement?
ECMO layoffs in MN
Several supervisors were laid off and n various ECMO teams today in MN. All part of the forced ECR reorganization
Hmm layoffs
Are they usually the Tuesday after payday or could it also be later on in that week? Only curious
April 16th CSBB AMA
Did Saul VB provide any new location strategy information in his latest AMA?
Are you in Oregon??
I’ve heard that some were laid off today at Barnhart. Were you? Any news as to what departments/LOBs were let go today??
Layoffs in Digital Risk?
I’ve heard there will be layoffs in digital risk. I always thought digital was relatively safe. But there are offshore teams being built.
US Employees- please document business process
India will do the needful
But these big banks have it all under control with the layoffs..🙄.
L👀k. WF, not only are you getting rid of good employees, you could be setting the bank up for even bigger unforeseen losses. Just saying... — read more
Manager doesn’t believe in job titles
Is it weird that my manager was supportive of prepping myself for a promotion last year and now he’s saying that job titles don’t matter and I am getting more in pay compared to some folks? There was another peer who got promoted but didn’t do as... — read more