A few weeks ago, I mentioned that 3 out of 4 Lead-level team members resigned after bonus payout. Today, the fourth Lead also resigned. Additionally, another less senior team member has resigned as well. Who is next?

this happened to me with Wells Fargo and I decided I had to break up with them after half my life banking with them. my conversation with customer service was hilarious though: WF: can I ask why you're leaving us today? me: your interest rates are... — read more 

The Federal Reserve Board on Thursday confirmed the termination of a 2018 consent order against Wells Fargo (WFC). Under the 2018 enforcement action, the bank was required to demonstrate improvements to its governance and risk management program and... — read more 

By forcing the cost of severance down from "top of house" to the division/unit level Scharf is deliberately incentivizing managers to give unwarranted poor reviews to good people so that they can be fired "for cause" with no severance, no cost to the... — read more 

All WF employees should be scared

How did everyone fare?

major multi thousand job cuts at morgan stanley and CITI... the job market just got exponentially worse for all of us in banking... Morgan Stanley - March 2025 Layoffs Summary (some selected... — read more 

I’ve worked at Wells Fargo for five years. For four consecutive years, I met expectations and received merit bonuses. Last year was the only time I was rated “inconsistent,” based on metrics that were never clearly communicated, and I did not receive... — read more 

You would think they would be an easy target to be managed out with a performance review. It would be absolutely ridiculous for the company to pay you a severance when you are going retire anyways. I know a few people in Risk that worked out a deal... — read more 

Does anybody know when world appreciation week is being celebrated at Wells Fargo this year for the retail banks? Let me know so I can order my diabetes medication in advance. Cc Colleen

I know most of this is happening company wide but something extra seems to be happening in these groups due the brashness and severity of the morale crushing decisions. Revolving leadership door. CPO was demoted, Head of Sourcing left for... — read more 

Can WF take you from a manager job title to a front line employee job title? Hearing this is a game plan. Train your replacement and then lower your job title but keep salary. Remote workers being displaced a month later. Is this allowed? Makes... — read more 

I got sent screenshot of my office report after I was told I wasn't making it in the required amount of time. (I had an approved exception for some time January, which wasn't factored into the report making it look like, I haven't been in the... — read more 

Layoffs happening every two weeks, but new job postings keep going up nonstop. Can anyone explain this to me like I'm five? Because I'm lost.

Will there be any meaningful updates about potential layoffs coming out of the March 12th town hall? Given recent comments from Block’s CEO regarding layoffs, and with payday falling on the 13th, the timing raises some questions about whether any... — read more 

Dont let anyone help you or steal your work; you might be next. Hide, squirrel those files away! Yes mangers are doing this too.

…knock it off! I know it su-ks always being worried about losing your job every Tuesday after payday, but you really don’t want to lose your job, especially with so many industries laying off in the last year or so. It sounds good to have a break... — read more 

I have worked at the bank since 2014. Several years ago I received a promotion to Sr. Lead Analytic Consultant. The raise that went with that promotion put me above the lower limits by just a couple thousand dollars. Currently that role is posting... — read more 

Be great at execution! Be great at chopping headcount. Do whats right: fire everyone! Embrace candor: You will be fired. Build a high performing team, bit in India.

The most toxic workshop culture I've ever seen with ill-fit incompetent management. More, More, More. Angry employees taking it out on one another. Do you think the execs know how it is down here? Horrible attrition, and still layoffs every 2 weeks... — read more 

I see categories for 0-10. Seems to me, if only 1 or 2 people in a site were laid off, they'd fit in that 0-10 category and be listed? Wondering how or when WF files, or what the rules are. I was let go on 9/30/25 but don't see anything on WARN for... — read more 

You fought hard. I am proud of you. Next Armageddon Layoffs: Apr 6

Off topic observation - why does my Workday Electronic Personnel File have multiple years of pay vouchers? Seems unnecessary and who has access to this? Can my manager snoop and see how much or little I've made in the past, how much I withheld in... — read more 

Lead Software Engineer

My heart goes out to everyone affected. Especially those who really needed and wanted to keep their jobs.

Does the company always honor a two-week notice? I want to keep my benefits through May, which would require me still being employed on May 1. If I give a two week notice on April 20 will they let me stick around for the rest of the month or do they... — read more 

Are they so stupid to think AI or somebody in India or wherever can replace that?

New risk framework=major layoff in risk?

Some groups in risk, 20% I think these are the layoffs promised in Feb that never came. If you havent beem notified you are safe... for 2 weeks anyway.

Unless you are ready to retire or have other financial means, calling BS on a golden ticket. It take an average of two weeks for every year of experience to find a new job. The severance here for most people will be just enough to find another... — read more 

LOB and what you can share.

Wells Fargo is struggling after laying off 5,600 workers — and paying millions in severance - Market Realist https://share.google/6Ie7MrFCLAJ55vvL4

Tomorrow is the big layoffs day. Can’t sleep.

If you think you have what it takes to make it outside Wells Fargo, you best be looking. Latest survey has just over 60% of US companies saying they plan to reduce workforce numbers in 2026.

:(

The people they chose to cut never made any sense. Now we can't do parts of the job at all, and we're buried in the rest. It feels like they want us to fail.

Want effiency in corp risk? Keep the workers, get rid of 75% of the managing directors. Most are just su-king time, doing as little as possible until retirement, causing inordinate amounts of unnecessary paperwork.

Biggest ever

Legislators have apparently taken note as return to office (RTO) mandates continue to roil workforces at financial and technology firms. A bipartisan effort has led to the establishment of a toll-free hotline (1-888-299-3022, M-F 9 AM-4:30 PM EST). ... — read more 

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