They talk a lot about it and say they champion and support resources for mental health care , but they leadership has no clue that they / WF is the biggest source of mental health problems for their workers. Now people sadly hold their breaths until... — read more
Manager got laid off. What’s next for me and our team?
Very nervous. It’s review time. No one knows who our next manager will be.
Outsmart RTO
Why don’t we all rto and deplete the resources (coffee, vending machines, supplies, silverware, etc) so that they will mandate a two day in office policy instead. How much does it even cost to fund electricity in this building for a single day... — read more
The (mis)management here is off the charts.
One big scare only so self-important middle management could make themselves look necessary. Yes, they gave us a reasonable justification for it but that doesn't excuse it. This place exists simply to create more work for itself in the name of... — read more
Severance payday?
For those of us whose last non-working day was 10/6, when do we get our next severance paycheck? We got a paycheck on 10/6, nothing today though. Is the next one on 10/27?
Badge readers on garage
Can anyone confirm if the badge reader on the garage count as a badge swipe? Last week I parked in the garage and my manager told me today I didn't meet my in office requirements.
Charlie just can’t keep it up
The stock, that is. SD (stock dysfunction) is a man’s inability to get it up or keep it up long enough to satisfy his shareholders. Stock dysfunction occurs most often in older men whose outdated approach to leadership no longer works today. ... — read more
An Open Letter to Baby Boomers Over 65 Working at the Bank
If you're over 62.5 and still clocking in every day while your partner enjoys retirement, it's time for some reflection. Is this job truly serving you, or is it merely a "retirement job" that you're holding onto? We've all heard the complaints, yet... — read more
CNBC article - not ONE mention of astronomical CEO compensation
https://www.cnbc.com/2023/10/19/big-banks-cut-thousands-of-jobs-more-layoffs-coming.html Banks saying people aren't job hopping, so they aren't seeing natural attrition and need layoffs. What a load of BS -- everyone knows banking is incestuous, so... — read more
I hate this fu--ing place
Just lay me off already. Can someone PLEASE start a class action lawsuit and include me? Fu-k this job.
Still haven't taken 100% of your money out of WF yet??
WTF are you waiting for? Get ALL of your money out of Wells Fargo, PLENTY of higher interest accounts out there. STOP wasting time, get your money out of any WF accounts NOW!
WFC has over 4600 branches!
Citi has 660 BOA has 3800 WFC: 4700! How about closing 2000 branches. Let’s say each branch close around $1 million per year for lease and costs plus 12 employees salaries(another million). That is around 2 million savings per branch. Total saving... — read more
Headcounts
Awwwwww yea. https://www.cnbc.com/amp/2023/10/19/big-banks-cut-thousands-of-jobs-more-layoffs-coming.html
How much is left? Buckle up....
kiddies, it's math time. Per latest Company Earnings Report and Teamworks: Total Head Count: 227K WFIP Employees: 46.5K US-based Employees: 180.5K Target Total Employees based on comparable GSFIs: 210K Target Offshore Mix: 30% (63K Offshore... — read more
Open Enrollment for displaced employees....
anyone seeing the action item in Workday to enroll for 2024?
Still hatin’ RTO
Can I just say that with all the layoffs and the forced attrition, I’m still hatin on RTO. The push back is always that’s how we did it before Covid. Where else in the bank do we say “well, we found a better way to do things but let’s go back to the... — read more
Tech Mgr Forum
I find it an absolute parody that these leaders get on a call and lecture us about how sideways the decisions they made turned out months later. You ki-led QA, you supported insane deadlines, you offshored our skilled labor, etc. And today, we... — read more
Does anyone know how many WF jobs left the US since Charlie took over?
I’d like to see how badly he alone is destroying America. Percentage of workforce, etc.
Charlie's Corner: "Should I be liked or respected?" Both....how about neither?
Got a kick out of this one. Bruh...nobody likes or respects you. You want to be liked or respected? Leave.
Things that make you go Hmm..."Wells Fargo Cedes Bank Mortgage Crown to JPMorgan After Pullback"
Things that make you go Hmm... "Wells Fargo & Co. ended its long reign as the largest mortgage lender among US banks, nine months after announcing plans to shrink the business. JPMorgan Chase & Co., it biggest rival, now tops Wells Fargo in... — read more
Do you think Connor is gonna be one of them in the layoff list?
We could save probably a million dollars or more in compensation and benefits but cutting his role. Thoughts? Easy way to save money and reduce headcount.
The 5 people you meet in RCSA…
The ORBO, the BACO, the COSO, the RAU owner and the EIEIO! What a monumental waste of time and resources. Could have been a much better and more coordinated process. Just rehashing things and coming up with new ideas on the fly, 5,000 time over all... — read more
Direct report doing a terrible job. I’m preventing them from applying to other jobs to protect other teams.
Am I handling correctly?
Did a great job but manager preventing me from getting other roles.
How would you handle this?
The latest slogan for recruiting, seriously? "Take a deep breath. Release slowly. Repeat. well life is time off to recharge."
The latest slogan for recruiting, seriously? "Take a deep breath. Release slowly. Repeat. well life is time off to recharge." Could this be any more inaccurate?
Reporting someone after I left ....
Would you? For bull, har**.
Prediction of who will replace CEO
My guess is that CS will sometime in 2024 and be replaced by the departing CEO from Morgan Stanley. Them Morgan and WF merge sometime in 2026 after the Asset Cap is lifted.
Experience with legal action against WFC
I am considering legal action against WFC. Does anyone have experience with legal action against WFC and willing to share any of this information: attorney name, case details and outcome of case?
Wells Fargo Workers United
We are Wells Fargo employees forming a union to improve our working conditions; making a better Wells Fargo for workers & customers. Proper Staffing We need adequate staffing levels to reduce stress levels, enable humane workloads and set... — read more
Is this company lacking efficiency, or is it the CEO?" - period, end of discussion. Vote, please.
I think CEO!
Expanding in Roanoke, VA
https://www.wsls.com/news/local/2023/10/17/timeline-revealed-for-wells-fargo-87m-expansion-in-roanoke-county/
Charlie, we are inefficient you say?
Perhaps this place is inefficient in some places, I know there are areas where this is true (take a look at Executive levels of leadership who do nothing but attend meetings and don't actually accomplish anything tangible if you want a good example)... — read more
Iowa WARN Notification 10/17/2023
The official WARN notification was just posted this morning for the 10/17/2023 layoffs. Per usual, it was a small amount of layoffs across three sites: Des Moines - 206 8th St - 1 Des Moines - 800 Walnut St - 4 West Des Moines - 800 S Jordan Creek... — read more
Time in Office
Do we have to be connected to the network for 4 hours for it to count as a day in office? My manager will not share reporting or answer. I have not seen the report.
Open Enrollment info for laid off employees?
Open enrollment for 2024 benefits starts tomorrow. Has anyone who has been laid off and is eligible to enroll in 2024 medical benefits, etc. received ANY information from Wells about Open Enrollment?
Charlie ARRESTED?!😳
Don’t we have rules about conduct around here?! Lock him up!! https://48hills.org/2023/10/wells-fargo-ceo-arrested-for-climate-crimes-in-extinction-rebellion-action/
Having Flashbacks to Wachovia the year before they failed.
Deposits flowing out due to customers seeking a higher yield elsewhere. Unable to grow itself organically. The executives are scrambling, pulling out all the stops on moves which seem to come out of nowhere. “If you can't dazzle them with... — read more
More layoffs, branch closings ahead for Wells Fargo, CEO says
https://www.wsoctv.com/news/local/more-layoffs-branch-closings-ahead-wells-fargo-ceo-says/2KXBUZ6N6JG7DCBO3QZRD5VOGE/