This is our “leader” https://www.reddit.com/r/WellsFargoUnited/s/RjtSeKV63c

Maybe instead of cutting costs and shipping everything to India. Grow the business, grow the product offerings, increase the customer experience. Shipping your laundry overseas only will work for so long. Then it will be culling time.

by setting aside 750 million dollars to lay you off next year

Got laid off there in 2021. How many times did we hear leadership say, Look. There're just way too many people working here. We're bloated ". I had just joined. Why did you waste my time hiring me, if you were bloated?

https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html

Is the 60 day notice a legal requirement or is it a WF policy

Charlie made this comment back in 2020. It’s been 3+ years and what has he done about it? He required 50% diverse candidate slates for hiring manager interviews for nearly every job (prior to Charlie it was just mandated for more senior level IC... — read more 

Starting 2024 WF will start targeting employees who are WFH but who live near hubs. They will be required to RTO. Non compliance will mean voluntary resignation.

Why it matters: It's the third Wells Fargo branch to move toward union elections — a sign that organizing efforts are gaining steam within the bank, the fourth largest in the country. Wells is the only big bank in the U.S. facing serious... — read more 

Do we know if neighborhood seating is just a step for layoffs?

Non-customer facing employees in a non-core market, out of range to commute to an office 2 days/week.... (Yes, remote)... your job has an expiration date of 2-3 years. Best Kleber could say about those most impacted, "... let's move through your... — read more 

You are all just peasants to Hudson Yards!! Too many sheep, gotta squeeze more profits out, by sending thousands more to unemployment line. You all are not quitting fasr enough, just leave now!! Plus Timmy needs his $34 million back pay to make thar... — read more 

https://stocks.apple.com/AleDwyQxlQhmeGIbY-P-MHg

https://wraltechwire.com/2023/12/05/ceo-wells-fargo-may-set-aside-750m-or-more-for-severance-costs/ December 5, 2023 RALEIGH – Wells Fargo, which employs thousands of people across North Carolina, is expecting to make layoffs in 2024, its CEO... — read more 

When are we supposed to have year end discussions with our manager? No one on my team has had one with our manager.

How are your bonus submissions looking compared to last year? Flat here.

Been here 20 years. Held 8-10 roles of progressing responsibility. Managed for about 8 of those 20 years. Had a lot of managers along the way. All the work is generally the same, but the environment from team to team is much different and... — read more 

If severance costs are coming in fourth quarter , does that mean the layoffs have already happened ? https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html

https://news.yahoo.com/more-layoffs-branch-closings-ahead-161053819.html Wells Fargo & Co. has shed almost 50,000 workers under a major cost-cutting effort, but the bank’s leadership says there are more job losses ahead. “This company is not... — read more 

Not sure I believe any of this is true, but if my manage says it then it must be true, right?

Just landed a new job with a $15K+ salary bump from my current gig! Gave my two weeks' notice, but now they are hitting me with the guilt trip and a counter... They want me to stick around longer to train the new manager. I've been consistently... — read more 

This whole site is just infinite proof of how Hells Fargo senior management provides their employees with zero transparency regarding the company and how it will negatively impact the employees. They start a war on you way before you even know the... — read more 

A flurry of layoffs happened in Strategy Digital and Innovation group. Managers Manager set up meeting on Tuesday and let people know that they were given 60 days notice to look for internal positions while they are in LOA status. After than their... — read more 

After 20 years of working for this company, helping clients and helping coworkers, please let me go. Loyalty and hard work mean nothing to this company. If you are interviewing for this company, please walk away. Enjoy your lives! Tomorrow’s a new... — read more 

All I want for Christmas is to get my layoff notice...

https://www.thinkadvisor.com/2023/02/02/wells-fargo-hit-with-defamation-suit-over-fake-accounts-scandal/ former Wells Fargo regional president has filed a defamation suit against the bank for “destroying” her reputation, saying it falsely labeled... — read more 

You can't make schitt up folks. A guy who was #2 at Wells for 20 or 30 years, claims emotional distress and needs his $34 mil in bonus and stock grants to make ends meet?! Must have missed a yacht payment? The Southern Cal beach house needs a 7... — read more 

I used to think people who said they couldn't wait to be laid off were either trolls or not very smart. It took me a while, but I get it now. I didn't want to accept some things before, but now I do. I realized how much time I'm spending working... — read more 

is it true that the 2 months notice period pay will be deducted from your severance package?

When they call my number, I will NOT do the perp walk carrying 2 boxes with a sad face for all to see. EVERYTHING I will take will fit in my backpack. There, done!

like many of you, I know the notice could be any day now. given that Wells cut off your access within hours, I wonder if anyone could give suggestions in preparation for such event. one thing someone shared was saving your contacts and any personal... — read more 

https://www.nytimes.com/2023/12/02/business/timothy-sloan-wells-fargo-lawsuit.html A C.E.O. Who Resigned in Scandal Now Wants More Money Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the... — read more 

The next large layoff event is end of Q1 2024….rumor has it. Can anyone explain how the current CEO has benefited Wells Fargo? Is he currently meeting expectations? Why does he get $3 million raises? No way shape or form has CEO Schart done... — read more 

What say you?

Living in constant fear of being laid off overnight? Or do some people believe their positions are okay?

Wants back compensation because the "problems were here before my tenure" https://www.advisorhub.com/wells-fargos-ex-ceo-sues-for-34-million-in-withheld-pay-damages/

https://franknez.com/wells-fargo-now-announces-massive-layoffs-for-2024/

A signed notice from a manager stating they will NOT interfere with the right of employees to unionize. Case settlement referenced from letter: https://www.nlrb.gov/case/19-CA-306661

In 2023, Wells Fargo shut over three hundred bank branches, more than double the number closed by Chase and Bank of America. Good or bad?

Got laid off on 11/28 and going through the displacement paperwork. Was told that I would still receive a bonus but there is nothing in the paperwork about the bonus or the payout date Notice period ends on 1/26 and the bonus payout would be 2/2... — read more