Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

It is official for Technology going forward

Technology Hub Locations Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des Moines, IA Minneapolis, MN New York City Metro, NY/NJ Phoenix/Chandler, AZ San Francisco Bay Area, CA Technology Specialty Market... — read more 

Soooo

If there’s layoffs in Q2, when does that begin. 60 days prior to start of Q2? Hmmmm

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| 1360 views | | 8 replies (last February 28, 2024)
Post ID: @OP+1rhfWWe4

Location strategy just causes more chaos and grief

I wonder what will be the net loss from disruption in workflow, incompetent mgmt incapable of putting teams together and organizing work, lack of clarity and mismanagement of RTO, reorg with so many layoffs, etc. Cost-cutting may end up being a... — read more 

ECMP DOWN AGAIN !!!

ECMP down again and leadership still expects certain deadlines to be met smh

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| 910 views | | 4 replies (last February 28, 2024)
Post ID: @OP+1rhFYzcM

Doug Braunstein - Vice Chairman

So if Charlie needed to hire a new position, Vice Chairman, reporting to him, does that mean Charlie is admitting he cannot do the job? Is he asking the board to cut his pay? I must have missed that job positing on the web site. I wonder how many... — read more 

RTO conflicting messaging

First they want us back in the office in the spirit of ‘collaboration’. Now the message is ‘ limit your time in shared spaces.’ Sit at your desk with your headset on, but you can’t just do that anywhere. SMH.

Credit card underwriting

Laid off mortgage underwriter here. I noticed a posting for a credit card underwriter. Anyone have any experience working in this department? Seems more stable than mortgage.

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| 900 views | | 5 replies (last February 27, 2024)
Post ID: @OP+1rhpPrnn

Waiting for package

I find myself dreaming of getting the package so many disdain… literally hope for it daily. Anyone else?

PTO/ assigned location

How does PTO count towards assigned location? I know it counts as in office but how is it used to calculate adherence to the 50% assigned location? Or is Assigned location only calculated on the days you go in? Didn’t see this answered before — read more 

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| 1080 views | | 3 replies (last February 28, 2024)
Post ID: @OP+1rgOfYrA

I’m waiting for Wells Fargo to have their “AT&T moment” or their “Boeing moment” to expose Charlie Scharf’s dangerous cost-cutting strategies.

You can’t put all your energy in to cost-cutting, mass layoffs which wipe out years of industry experience and stretch workers thin, efforts to force attrition, offshoring, outsourcing, stock buybacks and hiring quotas which focus more on diversity... — read more 

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| 1480 views | | 7 replies (last February 27, 2024)
Post ID: @OP+1rgnWTUs

40 Mile Distance for RTO

Does anyone know how this is calculated? Google maps? A radius from the office in question?

Lay off Notices

Does Wells Fargo Home Mortgage send out lay off notices via FedEx from North Carolina.

Pto

Anyone else have their boss give them a list of dates they are planning on taking to for the year and "strongly suggest" you avoid take PTO during that time to ensure the "team" is covered?

Being Watched

Recently, my location tracker (small target in task bar) is always on. Anyone know how they would use that data? Being tee'd up for the next round maybe? I have asked others and no one else I know of has their location tracker on permanently. — read more 

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| 1960 views | | 7 replies (last February 27, 2024)
Post ID: @OP+1rgvfuPn

End of Feb

Last week of the month could be the peak. Blood bath.

Internal Audit Location Strategy!

Does anyone have any information on what the IA location strategy will look like? When will it be announced? What will the hubs be? Will there be any specialty locations? How long will the specialty locations be open if so?

The WF Way

https://www.businessinsider.com/bosses-quiet-firing-staff-avoid-public-backlash-layoffs-2024-2 Unfortunately, this is the way. Why not just lay people off instead of crushing moral. I know they want to reduce severance payouts but they already have... — read more 

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| 1980 views | | 9 replies (last February 26, 2024)
Post ID: @OP+1rfE33db

Some useful advice during layoffs

While it is tailored towards employers, there is quite a bit of useful advice for us as well. “Preparing for Layoffs: L&E Partner Rebecca Bernhard Featured on Bloomberg Law... — read more 

Layoff Disclosure to our next employer?

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

Reason for Termination

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

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| 550 views | | 4 replies (last February 28, 2024)
Post ID: @OP+1re0jZNF

ECMP down?

I heard that ECMP is going to be down Monday and into most of next week.

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| 1490 views | | 3 replies (last February 24, 2024)
Post ID: @OP+1reXJ3xV

CRRA exec gone

Anyone have the inside scoop on Elyssa Herman and her termination

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| 2100 views | | 5 replies (last February 24, 2024)
Post ID: @OP+1rdwp3ha

Location Strategy - Raleigh NC

Does anyone know if people located in the corporate office in Raleigh will be affected? I see fewer and fewer folks in the building. :(

Charlie Scharf gets paid $29 million a year

For what?? we do all the work for him to get paid $29 million a year it’s incredulous! Sending all our jobs to India, and I don’t know how he sleeps at night, seriously! Have some ethics and morals I know you’re a millionaire, but please think... — read more 

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| 870 views | | 7 replies (last February 26, 2024)
Post ID: @OP+1rdH1uib

Wells Fargo Mortgage Collections

Has there been any recent lay offs in Home Mortgage Collections, Customer Service or Home Preservation in California?

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| 762 views | | 1 reply (February 23, 2024)
Post ID: @OP+1rdjQ6N7

Senior leaders visiting Oregon again?

I just saw where leaders have another trip to Salem and Hillsboro during the week of March 13th. What could this visit possibly be about now?

Layoffs - Middle Market Banking

Anyone have any visibility and timing around potential layoffs impacting Kyle Hranicky’s Middle Market Commercial Banking world, specifically the Specialized Industries realm, especially for those in more relationship / customer facing roles such as... — read more 

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| 1781 views | | 2 replies (last February 23, 2024)
Post ID: @OP+1rcMZ4mM

Bay Area Business Banking

I was affected. Anyone know the headcount of those in business banking impacted this week?

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| 480 views | | no replies yet
Post ID: @OP+1rcTPdMK

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