Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Manager responses

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 

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| 980 views | | 4 replies (last January 16, 2024)
Post ID: @OP+1qyF7jKw

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 

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| 3810 views | | 5 replies (last February 7, 2024)
Post ID: @OP+1qyTsIGN

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 

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?

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| 1710 views | | 5 replies (last January 13, 2024)
Post ID: @OP+1qx2X43W

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 

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| 990 views | | 4 replies (last January 14, 2024)
Post ID: @OP+1qxQUmZh

Non disclosure

Anyone hearing about managers being asked to sign non disclosure agreements within the last month? Something is brewing…….

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| 2130 views | | 7 replies (last January 13, 2024)
Post ID: @OP+1qxfrpEs

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 

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| 1150 views | | 7 replies (last January 17, 2024)
Post ID: @OP+1qxRxjhx

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 

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| 1490 views | | 8 replies (last January 12, 2024)
Post ID: @OP+1qw4xJZb

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 

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 

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 

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