Just curious if anyone has heard anything in identity and access management as far as layoffs or any rumors ?? it’s been really quiett… do we have enough mix of Indians and US employees??
We don’t need another systemically important bank - best to break it up
This has been going on for like 7-8 years. There is no clear indication of a timing on when all this will end. CS’s responses provided in various investor calls and media interviews suggest he doesn’t know either and that it will at least take... — read more
Today is Tueaday..
S hair is white WF doesnt have a stagecoach Tech is affected. Discuss...
Hub location
Quick question…if you are informed that you are being impacted are you given the option to relocate or do they just lay you off.
Paul Camp went to GS
https://www.reuters.com/business/finance/goldman-sachs-hires-wells-fargo-executive-lead-transaction-banking-2023-12-11/
I don't know how a CEO could be more embarrassing
To meet expectations, you either increase revenue or cut expenses. There is no other option. Growing revenue requires the cap to be removed. Charlie is wholly (and obviously) incapable of doing that. So Charlie's ONLY play is to cut. That is why he... — read more
What is that saying, "when the ship is sinking?"
More Wells Fargo execs follow Kowach to startup David Kowach’s new firm, &Partners, continues to add management talent from his former employer, Wells Fargo & Co., where he was head of the brokerage group until 2019... — read more
12/12/23
Think any layoffs tomorrow? Remember it’s a non pay week and Tuesday. Does the chainsaw have any gas left?
WF is in the news left and right…
https://finance.yahoo.com/news/goldman-sachs-hires-wells-fargo-170357246.html
Year end freeze
Since the year freeze starts this Thursday what are your plans? As this time every year with the year end freeze we will probably be twirling our thumbs as there is not much work we can do.
12 days of mindfulness
Which you can practice at your cubes you wage slaves. Have fun RTOing su-kers. Chuckles
Regulators caught Wells Fargo in probe over mortgage pricing discrimination
https://www.google.com/amp/s/www.cnbc.com/amp/2023/12/11/wells-fargo-mortgage-lenders-probed-over-racial-discrimination.html Wells Fargo received an official notice on problems with its use of mortgage rate discounts from the Consumer Financial... — read more
compassionate layoffs
Listening to news radio this morning on my drive into the office there was a brief segment talking about layoff notices with a quote from someone at WF about how they try to be compassionate about layoffs and this give ample notice to employees to... — read more
What is the “magic day” in Jan ‘24 where they can’t pull back your bonus?
Just curious, but would like to know as I have been putting off my new employer for a bit now, although they are cool with waiting.
CIB Markets Future/Prospects - with cost cutting backdrop
With Wells/Charlie announcing $1BN of severance in Q4 and signalling to the investors that "efficiency" will be achieved with more costs cuts/layoffs, how does this backdrop impact the CIB Business ? I recently moved to this Business from another... — read more
401k withdrawal
Ok idk why I’m asking here but I am. If I cash out my whole 401k will the company still do the annual match?
Does this happen at other companies?
My boss continues to tell us that management watches our card swipes but my boss continues to come in only about half the time while the team comes in nearly all of the time. What gives?
Is there an end point to this EFFICIENCY?
Will Jamie's protege ever stop with the layoffs?
Odd that the offshore thread was deleted.
I get that there was a lot of unnecessary racism but there were also valid complaints about things a lot of people weren't aware of. Why is WF trying to hide this rather than just police the thread? The fact that offshore is treated better than... — read more
Wells Fargo Board Needs to Act- Let Charlie Scharf Go-Dissolve The Firm
Charlie Scharf and his proteges, many from JP Morgan, were tasked to fix to fix Wells Fargo's many problems. In response, the asset cap and consent decrees remain, employees are unionizing, and Charlie Scharf announced unanticipated severance... — read more
Retire The Wells Fargo Name -Other Thoughts
The asset cap and consent decrees remain, despite "improvements" at Wells Fargo. Now Charlie Scharf has layoffs as a solution. Clearly, he's run out of quality ideas, and it's time to wind down the firm, not prolong its existence. Instead, the... — read more
Does anyone have signs that the center they work from is closing sooner than later?
Has your center stopped hiring? If so, comment your location.
i am scared
i see a lot of people finding success after wells fargo and i'm glad for them but i don't think my story will be the same. i don't have any college and i've been working at wells for years in a very industry specific role. i know i'm smart and I pick... — read more
Can AVPs join union
Curious if anyone knows if an employee with the completely useless "AVP" designation could join the union - since they aren't managers?
JC construction
Wells has to be d-mb as sh-t. Electrical starts flickering on the JC building. Mass exodus of employees for the day.why have employees in building when the crews are doing all the re-wiring
Major name change coming for the Wells Fargo Championship
Major name change coming for the Wells Fargo Championship https://stocks.apple.com/AbchBl3pKRDSVBISm6yUqrw
JC Construction
The pounding drilling closed bathrooms parking spots taken and more hammering and loud noises Construction workers that act annoyed we are in THEIR way Meetings where we can’t hear and no one can hear us due to the loud noises Headaches and... — read more
Wake up to reality
I read articles about employees in Des Moines trying to unionize, and how they think that will motive the company to be more employee centric. That's hilarious! Some of you people are utterly delusional and it is sad. The company got billions in... — read more
are bonuses normalized across similar roles?
Given it seems so much of TVC is based on what you got last year, does HR or anyone do any comparisons to what others in the same role/location/perf are getting and adjust accordingly? Seems ripe for issue especially when all else is equal and some... — read more
IT&V Reorg?
Anyone hear anything about a reorg in February? Seems like most of the jobs in this group are going to India.
Has anyone seen the Employee Satisfaction survey results?
Or whatever its called. I've heard some rumblings in town hall and it sounds like the results were pretty ugly for management. Anyone seen anything?
I support Wells Fargo Workers United
I'm not really a "Union" person, per se, but I wholeheartdly support them and their unionization effort simply because Charlie and the board DON'T want it. So for that, I am 200% on board and I hope to god that they are successful.
Risk Town Hall
Half the Town Hall was DF telling us what he's reading and what his Christmas plans are. Loved his response to the question on employees being disengaged, sounds like he'll address it with performance improvement, because nothing like fear of being... — read more
US Shift Work Being Discussed
The possibility of US shift work to better align with India is getting discussion at Hudson Yards. I can't wait for this.
If WF prioritized HR
Productivity will go up, increasing shareholder value Innovation would happen more frequently, increasing shareholder value Employees will know their value to WF and vice versa (to bolster the next point) Headcount add/removes can happen in... — read more
I left.
I left Wells Fargo after nearly 10 grueling years. I’d worked in multiple areas of the company and had always been fearing that my role would be eliminated. This company truly gets worse every day. Ethics are non-existent and leadership strives to... — read more
Bad Review
I got a mid-year review, after I filed for a short-term disability for a major surgery. I don’t care my health is more important but it hurts after going beyond and above to learning major coding, which really isn’t in my job description but I... — read more
"More aggressive" job cuts
Does that mean that what we've been having for the past several years is considered to be mild? Are you kidding me? Chainsaw is truly an appropriate nickname for Charlie.
Can you volunteer to get laid off with severance?
Is that even a thing ? If yes, I would volunteer tomorrow.