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 incredible risk Wells Advisors gives to clients
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
Union Representation in Baltimore/Washington
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
What's Coming in 2024
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 posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
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
What will happen to Control teams?
It seems like we are all mostly useless overhead. Are we all going to be toast? Had anyone heard anything?
Buckle up next week
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 Delaware Branch voting to Unionize
Wells Fargo branch workers seek union in Wilmington https://delawarebusinesstimes.com/news/wells-fargo-union/
969 Million for severance
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
Earnings Call
I missed the Q&A. Was anything said about Asset Cap?
Legacy LTI and current RSR Program when laid off
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)?
Wells Fargo’s stock will lag behind Citi’s
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
What Areas Experience the Highest Level of Layoffs?
Any idea what areas experience the highest number of layoffs over the last 12 months? Surely DEI is a non revenue generating area.
Bonus expectations aka “don’t have any” per management
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
You’re all getting year end performance reviews already?
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?
Non disclosure
Anyone hearing about managers being asked to sign non disclosure agreements within the last month? Something is brewing…….
I wonder what Charlie and the BOD would NOT be willing to do to get the stock price up?
Offshoring American jobs thus selling out their own country, forcing out underpaid employees while paying themselves handsomely, investor protection violations, consumer protection violations, wage and hour violations, benefit plan administrator... — read more
Working for what?
I haven't seen a positive work environment here in about 8 years. It gets worse every day and I don't see it turning around. They will work us to the ground until we are replaced by WF India. I refuse to work extra hours. I'm not giving them anything... — read more
Inconsistently Meets performance review
Does this lead to performance improvement plan (PIP) and termination? Can severance be negotiated if terminated? Always had Meets or Exceeds previously and was dinged ONCE after my Meets midyear review, which apparently lead to Inconsistently... — read more
Daytona Beach Branch Unionized
Congrats! Keep the momentum going! Strength in numbers. The more the branches pull together and unionize, the more power they will have. Better pay! Guaranteed breaks! Better benefits! More staffing!
Office supplies in STL
The corporate properties group just sent out an email regarding office supplies for unassigned seating. There will be very few supply rooms with supplies but then again, with hotel seating, it’s not as if you can store any extra.Let the hunger games... — read more
NewBrunswick NJ location moving ?
is NewBrunswick NJ location staff are moving to Islin location in March 2024?
Timeline for Minneapolis mortgage campus closing?
Nobody tells me anything.
So many sr. mgrs/directors are remote
With so much mgt working remotely -- especially those not in hub location and many in key roles -- is WF really going to lay off ALL of them? We're all wondering about this. Consistent application of arbitrary RTO policy seems insane, but necessary... — read more
Why is everything broken?
We’ve been made to RTO, yet the facilities in this city are in shambles. At my primary location, roughly half of the turnstiles/gates don’t work. They’ve now positioned a security guard to tell us where to enter/exit. In this same building several of... — read more
WF's plans don't involve lifting asset cap
Many keep saying CS is failing, but they don't realize the goal/mission shifted and things ARE going according to plan (albeit, taking longer than leadership would like) CS and BOD realized early on that WF won’t be able to appease regulators and... — read more
What if ?!?!
What if WF employees just quit out of the blue in masses as a planned event (unlikely to happen because everyone has to have a job for something), but what if a huge # of people just quit. What would happen to WF and/or the head of the snake? I'm... — read more
2 years later RTO is still a joke
Manager told me today that we need to start coming in a full day 3 days a week instead of 4 hours. I asked if there was an HR policy on hours and manager had no answers except to say this was coming from upper management. The irony is I see many... — read more
Anyone else not even care anymore if they get laid off?
I’m so tired of working here. Already looking for new jobs and waiting for the bonus to hit my deposit so I can leave ASAP….
2024 Layoffs
I’m sure everyone sees the writing on the wall and can smell the toxicity in the air. Employees in the USA will be impacted with layoffs throughout the year. Some of the key dates with large waves of employees begin in Q1, 2024. if you have... — read more
Who’s doing the great walk out 2/3 (after bonus)
There is a lot of banter about “after bonus I am giving notice”. Other than not having a reference for next resume, what are the ramifications of quitting vs. giving 2 weeks notice. Can WF withhold vacation pay outs, stock options, differed comp... — read more
Shoreview MN Downsizing
Cannot confirm, however I heard the document capture teams are being sold off the iron mountain. Does anyone know for sure?
Layoffs will be occurring in 'waves'
I'm aware that based upon the location strategy, there will be layoffs occurring in 'waves' (as they're called) from April 2024 - Oct 2025. Some will be displaced/no backfill, some will be displaced/backfill in core location (no, you don't get to... — read more
Ugh if we get laid off to do we have to get real jobs?
Like jobs where we have to actually work 30+ hours and come in on MLK day and other days that banks take off and no one else does? Also what about my bonus? Will I lose that? That sounds toxic
Oregon Site Closures and Related Impact
Hello all, Like I promised I told you all I'd let you know what's happening and here's the update on the meeting we were called to on short notice (afternoon 1/4) for today 1/9. The long and short of it is: Wells Fargo will be closing all Oregon... — read more
Issue with lump sum severance payout
I am 60 days from when I got approved for lump sum severance payout and only received a portion of it so far. I received only two weeks right after my notice period ended. I just called and the Displacement Rep sounded surprised, then reviewed my... — read more
Anyone know any reporters who would do a fair story
Does anyone know which reporters are worth talking to about exposing fraud with the firm, reporters that actually want to present the facts, not BS from Wells?
Just received a consumer survey for WF
Anyone else? This is on personal email