Proof is in the pudding. I just checked and there are over 700 U.S. jobs available, there are over 600 India jobs available, there are over 90 Philippine jobs available and over 10 in United Kingdom are available.
Lead business execution consultant
Are these jobs being outsourced fully to India? I looked up a posting with interest to apply and noticed literally hundreds of posting to India and other countries. I am rethinking this move. Anyone have insight? The position itself is one that is... — read more
Wells Fargo Executive Suite Layoffs in 2024
What to Know About the Latest WFC Job Cuts Wells Fargo executive layoffs are coming in Q4 February 14, 2024 Wells Fargo (WFC) Senior executive layoffs are coming to the financial services company. Lackluster performance from current bank... — read more
Wells Fargo class action claims company charges illegal overdraft fees
Who: Wells Fargo is facing a class action lawsuit regarding overdraft fees. Why: Wells Fargo did not provide customers proper notification about its overdraft fees, the lawsuit claims. Where: The Wells Fargo lawsuit was filed in federal court... — read more
The first BIG Wave of 2024 layoffs is next Tuesday
We all knew it was coming and rumors yes I know rumors are saying next Tuesday layoffs will ramp up again for 2024.
Wells IT Outsourcing 2024
It’s coming folks. They will start with tier 1 resources. The MSP has already been selected.
Why This Season Of Layoffs May Destroy The Future Of Work
“In those days, layoffs were used as a last resort: in mergers or extreme financial hardship. Today, they are ubiquitous. In 2023, U.S. layoffs were 98% higher than 2022. And 2024 is not far behind. January felt like open season on... — read more
The longterm consequences of mass layoffs alongside a nontransparent demotivating CEO.
A bright young guy I know asked me about a job listing at Wells. I gave him the pros and cons, as I’ve experienced them (more cons), but told him to research the company on his own knowing he would probably have a better experience than me as a... — read more
Relocation
So what is the mileage that they can force you to relocate ?
Winston-Salem WEC Location
Anyone heard of a timeline for everyone at the WEC site since Winston is not a go forward location?
Time to circle the Stage Coach & Horses….its layoff time.
Wait for it, wait for it….layoffs will continue, no one is safe. Recommend everyone update their resumes & get out of banking ASAP. It’s like working retail aka Walmart. Look for a government job, they are more secure. I know i used to work in... — read more
Hmm... Location Strategy Q&A during Consumer Lending Town Hall
If given the option to relocate to a hub, you will NOT be given an option of core locations. Leadership will tell you the specific location. Such BS. (Unless you live where they plan on sending you, don't relocate. It's a trap. It's always a trap... — read more
Consumer Lending town hall
I missed almost all of the consumer lending town hall that happened. Was there any further discussion regarding location strategy?
First Quarter Global Operations Town Hall
Pour one out for the tons of location strategy questions that they refused to air. The takeaway was just people appreciate the transparency but have additional questions that we won’t answer??? What transparency? Trash.
BoA hacked
So, BoA said they got hacked. Except it wasn't actually the bank, it was a subsidiary that is owned by the off shoring technology firm Infosys. In other words, an Indian technology third party caused BoA to have their customers data stolen.
Head of HR
The head of HR is coming to our site today. We are having a townhall at 9am. The WF site wife is at 11am today. Should our site be concerned?
Shart no longer does town halls
Used to do a quarterly one after earnings. Then disappeared for nearly 6 months last year with not a peep from him. After uproar, he had a town hall. Now back to silence. How dos this guy lead a global company with hundreds of thousands of people and... — read more
You can’t build a great building on a weak foundation, and all Charlie and his Boy Band are accomplishing is further weakening the foundation.
The stock market is hitting new highs and Wells Fargo can’t even sustain $50. For a point of reference, if Charlie & team had performed anything like Jamie & team in the past 4 years - WFC should be trading at $72. I don’t know why shareholders... — read more
Employee Survey
So what’s the buzz in your dept? What were the biggest complaints? Best things?
Location strategies, eh?
It is 2024, and yet we are supposed to RTO, or even funnier in some cases, relocate whole families for the job which may not exist in a year. I feel like a thrown around sack of potatoes. Yet, we are somehow meant to give all we have for this job... — read more
Corp Risk Location Strategy
All these other groups announcing location strategies what is Corp risk waiting for ?
Can mgrs see performance reviews from other teams?
Curious if a mgr from one team can see the performance reviews for an employee from another team during job application process. Anyone know who all has access to performance reviews?
Goal Setting Starts Today
Can't recall a time WF helped employees achieve anything. Sadly the goals are of company preference, not based on reality or an individual's talent or interests. Even more sad is the goals are arbitrary, based on the whims of today's mgmt. And to... — read more
Location strategy for Wholesale Operations
We got our location strategy email this morning. It was pretty similar to other ones that have been discussed here. Most new positions will be posted in: Charlotte metro Dallas metro Des Moines Chicago metro Minneapolis NY metro Phoenix... — read more
FST Team for RCSA
What were the decisions made on who was picked to be on the FST Team for RCSA?
Job offers
Every single job offer I received in the last six months since I started actively searching for something else has been below what I currently make. I know we're not among the higher payers in the industry, so what gives? Are the layoffs throughout... — read more
Portland location update?
Didn't someone report that 2/13 was a notification day? What's the latest, Portlanders?
Get Fargo? Is this the worst ad yet?
Caught a WF ad recently with the tagline "Get Fargo". Even at the end of the ad it showed the WF logo with simply 'Fargo' next to it. What kind of a branding scheme is this? If you wanted to toy with shortening things up, not that it's a great... — read more
Displacements
Why are tenured employees first amongst the displaced?
Working at Wells Fargo is like surviving on Na--d and Afraid.
We’ve been stripped and abandoned in a treacherous location with primitive tools. The waters are murky, the brush is barely penetrable and survival takes everything you’ve got. There is no protection from the elements and we are surrounded by... — read more
Branch closures
Vendor just let it slip that buildings to be sold off. He was just doing inspections for sale. Said multiple rural branches. Smh...
HR investigations
Reported someone higher than me for s-xual harassment. I have some texts and pictures, some dates. What usually happens? Will I get asked to leave?
Lead Marketing role on Hendren's team available
Lead role (P4) on Chris Hendren's email team in Mktg Services just opened up (not posted yet; backfill). Solid role (as secure as it gets). Particularly good for those looking to move up or move to role on team w/more secure footprint (location... — read more
At my breaking point
I can’t do it anymore. This job has completely su-ked the life out of me. I started working for Wells right after college, so this is the only job I’ve ever had and I’m not sure what to do now. Given the current job market, what can I do to get out... — read more
ITV made a 1000 people lose jobs
The company had 8000 controls in total which were tested by a 1000 people in ITV (excluding ITV headcount in India). 8 controls per person! Even the slow ones in ITV took no more than 8 weeks to do a job that was redundant in the first place. The... — read more
Mandatory Meeting Monday
3M :(
Why is there still such a lack of transparency around salaries, raises and bonuses??
Because companies like Wells Fargo do not want their unfair pay practices and discrimination to be exposed. **Women, chances are that you are making 83% of the salary of the man sitting next to you. ** **Long-term employees, chances are that... — read more
Shared Services Operations scheduled Location Strategy Call for Feb 12
Karoline Kane will be elaborating on the 2024 SSO directive to move all non-customer facing positions into centralized locations.