Anyone know the location strategy in ECR under Michelle Adam’s?

So for the folks who talk about sticking it out and hoping for change. What exactly do you think will need to change? What is the probability of that change occurring and in what time frame? Questions you need to ask yourself. Others need to ask when... — read more 

It may have its name emblazoned on the building, but Wells Fargo is planning to vacate its long-held space in downtown Raleigh, North Carolina, as the financial giant looks to curb expenses by slashing its real estate... — read more 

Speculation: Leo: I want a list of all PINs not in compliance so I can create a shortlist of people to lay off. EGS: see unencrypted email attachment

“We’re going to F $hit Up to cut expenses.” Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings call that the bank benefited from its continuing focus on F’ng $hit Up and credit discipline. Schatf... — read more 

Hope some in management position can provide input on this. Thanks in advance. I need to confirm and start new job in 2 weeks( got lucky in a tough market. Another candidate backed out and I got a short notice to start). if I give notice now, is it... — read more 

Former WF colleague told me that his buddy at WF in Raleigh is quitting. I didn’t know we had anything in Raleigh. Is it a corp. hub for anything? I can’t imagine it being a BG hub.

Heard this from colleague. Is it true?

Wells Fargo Breach - Change RSA PIN Notification Window. All employees. Impacting all of WF... Help desk hold times over an hour...

The plan is there’s still no plan, but ITV will have impacts. Thanks for the breaking news.

https://bloomberry.com/why-new-hires-often-get-paid-more-than-existing-employees/ One of the most enlightening moments in my career was when I discovered a new coworker was making more than me during my stint in S&P Capital IQ. I remembered... — read more 

I keep hearing rumors that the St.Louis campus will be closed in 2-3 years and jobs moved to Texas. Any merit to that?

How will jobs in India affect customer service internally and externally? Won’t the time difference be a problem?

When you are in a non-hub site that you have been told is closing and it has already had multiple layoffs, who will lay me off when it is time? Also note-only a few people in my dept are located in this site. Will it be HR, my manager, my 2up?

Apple tells 121 in San Diego move to Austin or face layoff. Decide by end of Feb. opt not to move then termination 4/26

I’m hearing conflicting info. Are remote medical exceptions safe from layoff or are all remote workers regardless of exception part of layoffs?

team I am a part of consists of a Manager and previously an Associate Manager. According to what we have been informed, the Associate Manager has supposedly lost their title. Interestingly, a few individuals within our team now hold higher titles... — read more 

I have an interview coming up what to expect for the average pay for a personal banker in Florida with 10 years experience.

Have you seen the new WF ad where they say you can get your direct deposit 2 days early? Then they have someone in the ad leaving the office on Wednesday as if it’s Friday….. That has been my recent WF experience. People come in for 3-5 hours a day... — read more 

Why the push to change the rsa pin? Has that one for years!

This company is the most shameful entity in all of commerce. These slippery folks from JPM who have taken over are the absolute sc-m of the earth. Any FA going there has no care whatsoever for their customers. It’s such a joke

Ooof. I made a lateral internal move last summer. Does my new management look at the previous bonus to determine what my bonus in my new role will be? Now I have gathered that targets by job level are no longer formally used but are they at least... — read more 

Does anyone have any insight into potential impact for the downtown Minneapolis locations or the West Des Moines offices? I have several coworkers who are getting increasingly more nervous about the announced severance and layoffs.

Have an asset cap in place for at least the next 2 years Have a multitude of consent decrees Have a union When a union gets a foothold, whether in Poland or at Wells Fargo, change is coming. Poland attempted to shut down the Solidarity Union... — read more 

I know there's articles from HR that tell managers how to speak to people on certain sensitive topics such as layoffs. If any of leaders are on here, and you're not disclosing that, you're a sellout to WF, and are a sh---y person.

The transition team is so completely mismanaged and incompetent they have to use a group of bartenders and misfits from Florida. Make no mistake these id--ts ate paying them gigantic fees to work late with these unlicensed incompetent id--ts to open... — read more 

Unions have played a large role throughout history, and have led to regime change, especially in Poland. We're seeing the start of union organization at Wells Fargo, but we need to be closer to DC for political influence. That is the reason for some... — read more 

Expect more unionizing for 2024, which undercuts management's claim that they are engaging employees. Target areas for unionizing should include the Maryland/DC areas, and yes, some of us have reached out to CWA to inquire. Next should be an... — read more 

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over... — read more 

It seems like we are all mostly useless overhead. Are we all going to be toast? Had anyone heard anything?

Hub strategies are finalized. Dates will vary but LOBs will have announcements next week and what the impacts will be. The level of detail will vary by LOB. But expect some immediate impacts and those that aren't immediately impacted will be given... — read more 

Wells Fargo branch workers seek union in Wilmington https://delawarebusinesstimes.com/news/wells-fargo-union/

How many people do we think that is? Also why aren't they smart enough to offer an early voluntary package that's less money but same benefits timeframe

I missed the Q&A. Was anything said about Asset Cap?

Do your shares granted under the legacy LTI and current RSR program vest upon being laid off? Or do you still have to wait to get them based on the original vesting schedule (get 1/4 each year for 4 years)?

Citi is cutting 20,000 jobs over the next three years after reporting a $1.8 billion loss in the fourth quarter, it’s worst performance in 15 years. BUT, they can still grow and strengthen their business. It’s just a matter of sorting out priority... — read more 

Any idea what areas experience the highest number of layoffs over the last 12 months? Surely DEI is a non revenue generating area.

Basically our group has been told that we shouldn’t expect to get the same bonus this year as in previous years and that the bonus pool was smaller so don’t count on it. Funny how there were all these cost cutting measures and our 4th quarter numbers... — read more 

My review isn’t until two weeks from now and I’ve seen a couple of posts saying they’ve already had theirs. Is this a bad sign?