How many let go due to Hranicky reorg?
3-day RTO- Relocation Hub Move - 4 Hours In-Office Expectation
3-day RTO - Relocation Hub Move - 4 Hours In-Office Expectation. With these adjustments, it's crucial to avoid burdening ourselves with extra tasks or participating in meetings as early as 6 am or as late as 9 pm. Prioritize maintaining a... — read more
2024 Salary rise and Bonus?
are any technology groups started announcing salary rise and bonus for 2024?
Audit haha
Paul keeps saying we are over staffed. Please explain why we are we forced to work 50 hours if we are over staffed. Our Senior Audit Manager said it will be this way at least through Q2. Talking to other audit teams they are all saying brace... — read more
Location strategy comms rollout cluster
The blowback from CSBB announcement made leadership revisit schedule for rollout of others. This is the reason for delayed comms. Scrambling due to poor planning. In short, a cluster. LOTS of whitewashing and deflection already going on in attempt... — read more
Prepare for disappointment
Bonuses will start to be discussed on Wednesday. Prepare yourselves to be underwhelmed. Bonus payouts are NOT in line with the past. Obviously, managers can calibrate things and lessen the impact on individual employees. But it's been reported on... — read more
Downsize the id--ts that came up with 'Well Life'
Goodness gracious, how did this marketing scheme ever get approved?! If the objective was to make us look like blathering id--ts, it was successful. Clearly there's some dead wood in marketing, branding, HR, and executive roles involved with this... — read more
Tech Location Strategy
Is anything changing under M. Brady or TK this year for location strategy or will their org continue what they were doing in 2023? It seems a lot of other orgs announcements are similar to what tech was already doing? Anyone know of changes?... — read more
Wells Fargo Fined $425K For Misreporting Trades, Finra Says
https://www.fa-mag.com/news/wells-fargo-fined--425k-for-misreporting-trades--finra-says-76192.html
CSBB Location Strategy Update
There was a new communication on 01/19 from Saul titled “brrr…” or something to the effect in Teamworks. It briefly touched on how “contact centers” and “fraud operations” will not be in scope for the CSBB location strategy, and instead will follow... — read more
Hiring does not replenish firing
Was listening to the media interviews and the spin on layoffs of domestic workforce. Just because the firm is hiring (guess freshman tellers only) does not compensate the years of experience and the paycheck cost it is intentionally getting rid off... — read more
Good luck
Days away from comp being released. Here’s to raiding whatever Pennie’s we can from this dump
Yet Another Obligatory Slam of Agile at WF
It hadn't occurred to me until now that concerns regarding WF's butchering of Agile Methodologies was too narrowly focused on the methods alone. Agile has become way more than a method(s). Its original usefulness in software development has been... — read more
RTO - “Going the way of the dodo”
This. https://amp.cnn.com/cnn/2024/01/22/opinions/remote-work-jobs-bergen/index.html
International locations get ready
New wave of layoffs for control function is coming. Canada/EMEA/APAC, buckle up!!! If you got 2 from your perf review, you better update your resume!
LOCATION & FUNCTION will be the primer reason for letting people go.
Location is what they are still looking at to make further cuts. If you are in a hub then your chances of getting moved to another department is higher than getting laid off unless they are outsourcing your work to India. However, there were couple... — read more
CFO - "Ya Know"
Is public speaking offered as a training option at WFC? Over under on the "umms and ya knows" Done nothing to make this place better.
No review scheduled yet
I haven't been in my current dept for years, so I'm not sure what the norm is. But with fewer than 2 weeks until the big 2/2 check, it seems weird that I haven't had my annual review scheduled yet. Why don't you ask your manager? Same reason most... — read more
TROUBLE BREWING IN STL
I cant speak for others but in my dept you are expected to work 10+ hours without compensation thanks to the mo--ns in charge These imbeciles in St. Louis create more and more stupid daily deliverables to feel relevance but absolutely have ruined the... — read more
CIB location strategy
Anyone have any info on this? I read here that csbb a d sim finalized it but at CIB I'm not getting any info. Appreciate all inputs in advance.
Petition for Scharf And His Team to Leave
Charlie Scharf has been head of Wells Fargo since 2019 and the following is still true- The asset cap remains Consent Decrees are still unfulfilled Wells Fargo is now the only bank with a union Wells Fargo stock is still abysmal And no... — read more
Union Pressure?
I have heard some chatter that branches seeking to unionize have been pressured not to do so. Just a reminder that interfering in union activity is illegal and whoever is pressuring branches, or tearing down signs or using intimidation tactics... — read more
401K
Anyone know what happens to your 401K match if you haven't completed the three year vesting requirement when you're laid off? In other words, will WF let you keep what they have matched after two years but prior to the three year vesting requirement?... — read more
Coffee Badging
Didn't realized there was a term for what many of us do. https://finance.yahoo.com/news/companies-want-employees-back-office-110000469.html
Retirement Eligible
I am 55 years old and over 10 years at the company. If I retire instead of resigning do I keep my RSR awards? I have landed another job but I am not starting until late March. I called ER and got passed around 4 times before being accidently... — read more
Location Strategy
If I'm within 30 miles of an approved speciality hub for my LOB (non core hub) but I'm still 100% remote, can I ask from my location to be switched from remote to the speciality hub to avoid layoffs? Also, why hasn't it switched from remote to the... — read more
I am NOT a commodity!
When WF purchased my former company , we as employees and our contributions were highly valued. But since WF has assumed ownership we’re regarded as little more than commodities that can be purchased more cheaply from the third world. Hey WF…We... — read more
Location strategy
It’s the oldest trick in the book. We’ve been going at this every year since about 2018. With the increase in hybrid and wfh roles, location strategy is an easy way to shake up your workforce. Management will invoke fear by saying your location... — read more
Thinking of going to the EEOC, be ready for termination.
2019, Manager lies on my review, creates hostile work environment for the members on his team over 50 including myself and numerous other actions resulting in an EEOC complaint being filed after a year of waiting fort them to address... — read more
New Grad Hire, already looking for new jobs.
Hey everyone, I appreciate everyone giving their honest opinions of what’s going on. I’m grateful for this job out of college and the people I work with had been nothing but great to me but I now notice the little details in the background. Terrible... — read more
Wells Fargo Home Mortgage SO Ca. Collections
Has there been any mention of lay offs for the California collection teams seems as if there has been a lot of service released accounts..
New titles coming
Here come the new titles. Is this a play to get people to quit?
Location
What does WF use to determine if you are 40+ miles from a hub location? Is it google maps? Another tool? Do they use exact address or city?
Does empower charge once you leave WF
Right now there is no charge if you self manage. Will there be a charge for self management?
It’s goes in the win column
Wells Fargo branch workers in California vote against union
Is the location strategy just a half-assed way to get to severance mandates?
Seems like a lazy even chickenshit way to go about clearing dead wood. Or, maybe somebody really believes / deluded themself that I’ll be more productive going to a Core cube just to have calls with people a thousand+ miles away??
Location Strategy
Was the email with a list of approved locations and next steps sent to all CSBB employees or only those impacted?