"Wells Fargo’s reputation as one of the world’s great companies for integrity and principled performance depends on our doing the right thing, in the right way, and complying with the laws, rules and regulations that govern our business. We earn... — read more
November 7th, Election day
Can we take our 3 hours tomorrow and go and vote? 😀😃
Charlie's corner
I stopped over at Charlie's corner and was told if we all want a good chance of internal employment before we get the ax we should all just apply for every single job on Teamworks. It would keep HR very busy! Thanks Charlie!
Charlie is Kendall Roy
minus the talent and likeability.
Be very afraid..Project NY NY
Citigroup CEO's "Project Bora Bora" Overhaul Could Result In Deep Job Cuts
IT&V Layoffs
Supposedly there was around 100 people let go in IT&V, but I haven’t seen it here. Anyone affected?
PTO, Displacement, and the end of the year?
So finally got hit with a displacement with a final day in 2024. Question is, do I get paid or for any 2023 PTO over the annual carryover limit? Not getting straight answers from HR and I have +100 hours left. Please no conjecture, this... — read more
Best friend at work
Notice how survey doesn't include morale-related questions anymore? It's because all your friends are beIng LAID OFF. Five best colleagues let go in the past 3 weeks. And, yes, I know no one cares, because it's all part of the soul-crushing... — read more
TKs weekly updates vs SVBs
SVB wrote a novel each week and gave good insight into what he was actually doing, like meeting with the board, with OC, other partners, important risk committee things, etc. Looking back, was actually nice. Now we get nothing from TK. What does she... — read more
Chainsaw competition with our friends at Citi
Looks like Chainsaw Frazier at the near failed Citi is looking to overthrow Shart as the banking cut chopper. Do you think Shart will let this happen or will he up his cuts to stay ahead of Frazier? For those confused just google Frazier citi job... — read more
Since we've been having weekly layoffs lately
Any ideas on what'll be hit this week?
Veterans day - observed holiday Friday?
Does anyone know. My manager says it's a working day
Dotted line reporting?
Does anyone else have a dotted line reporting structure? Presently, I find myself having to handle the incompetence of two individuals instead of just one. The existence of dotted line reporting seems utterly nonsensical. It brings to mind the... — read more
Harassment in Tech
Any suggestions - Lawyer names ? Internal reporting has not helped even after escalating. Perhaps I should have known that never works.
Merit
What are we hearing on the yearly increase this year? Seriously question… a--hat hat answers can post somewhere else….
Wells Fargo confronts a whole new problem for account holders
In a regulatory filing Oct. 31, Wells Fargo revealed that it was once again under investigation, this time by the Securities and Exchange Commission (SEC). The investigation relates to advisory account cash sweep options, according to the... — read more
Received guidance to replace American employees with offshore and need advice
I'd heard rumors of this happening in other lines of business, but it still shocked me a bit. We've been told that we're not replacing them directly, but any spots from layoffs or people leaving should be filled by our offshore teams. How are we... — read more
Wells Fargo is
Profits above reputation Profits above common decency Profits above effective leadership Profits above common sense Profits above it’s Mission Statement Profits above longer-term success Profits above a healthy culture Profits above credibility... — read more
The change to RTO is 5 days/week, BUT not how you're picturing it.
They are closing sites and jamming people in the office while they make the change to 5 days/week. The thing is, it is 5 days in/5 days WFH. A week in, then a week out. This allows them to effectively double the amount of people that report to a... — read more
"Most Innovative Women in Cybersecurity"
"Most Innovative Women in Cybersecurity" Are you kidding me? The only thing this person has innovated is a way to talk her way out of answering any questions from anyone. https://cyberdefenseawards.com/top-infosec-innovators-for-2023/
These WFC executives cannot be trusted to manage an ice cream truck, much less a Top 5 Bank
https://www.advisorhub.com/wells-fargo-faces-sec-investigation-over-cash-sweep-programs/ Are they d-mb? Thieves? I can’t figure it out. Common knowledge is that we cannot profit in any way in an advisory account beyond the advisory fee charged to... — read more
WellsTrade - hahahaha
Wells Trade, what a bunch of “always late” losers… This year we’ve launched several new features in your WellsTrade® account that make it easier to invest on your own in the Wells Fargo Mobile® app: Trade stocks and ETFs for $0 per online trade1 and... — read more
Charade you are!
During a Town Hall session today, the host and majority of her team conducted their on camera portion remotely, while only a small number of individuals talking were physically present in the office. This situation is truly disappointing and... — read more
How will AI change banking?
What will be an impact on Wells Fargo? What positions will be affected the most and is it going to result in big layoffs?
Benefits enrollment while on non working period
My workday isn’t giving me the option to enroll in benefits and I’m on a non working period still. Shouldt I have the option to do this online in workday?
4 Days in Office coming
We were told to start coming in 4 days per week today(Commercial Banking Group) and eventually it will be 5 days. I am guessing they will cut access to wfH once 5 days per week mandate is implemented.
layoffs even though company doing well?
I've always been confused by this and maybe someone who knows more about hiring/budgeting can clarify. Why do companies so often lay people off even when the company is doing well (as wells fargo is). I can understand there are instances where... — read more
MEPE All Hands irony 11/2
DM: "I want to emphasize, per Kleber, that Enterprise functions can sit ANYWHERE." (figuratively, I realize) Irony: "Oh, OK... so it's just the people that can't. Got it." WF is synonymous w/hypocrisy.
Managers get ready to have a huge reduction to your annual bonus
The bonus will be redistributed as merit increases to Wells Fargo’s loyal employees. Happy Holidays!
7 simple steps to start a union
Talk to your coworkers. The first step is straightforward: Talk to your coworkers and find out what they think about the workplace. Find a union and build an organizing committee. A traditional union—sometimes called a trade union or labor... — read more
Location startegy
Do we know if the location strategy cities is LOB specific e.g. CSBB hubs, meaning all orgs within CSBB have the same hub. or if different orgs within the LOB have its own subset from the LOB city list. Thanks.
Charlie’s Corner
Every time time I open Teamworks and see “Should I be liked or respected? Both.” in Charlie’s corner, all I hear in my head is Michael Scott saying “would I rather be feared or loved? Both. I want people to fear how much the love me.” Does Charlie... — read more
Our CEO is no business genius
We are not experiencing exemplary executive leadership here. There is no thinking outside the box, no seeing the big picture, no seeing things differently, no connecting the unconnected, no challenging convention, no looking for new opportunities... — read more
15 Charcteristics of Wells Fargo Executive Management
Lack of Transparency: Hiding critical information erodes trust among employees. Micromanagement: Overbearing supervision stifles creativity and demotivates staff. Poor Communication: Inadequate sharing of goals leads to confusion and... — read more
More banking layoffs
https://sfstandard.com/2023/10/31/san-francisco-bay-area-layoffs-bank-slashes-jobs/ (BMO bought Bank of the West)
New EFT CIO
incoming from Truist forms pov by being influenced by the peers vs listening to the leaders that are inherited quick wins at the expense of reduction in force irrespective of biz impact expect huge cuts
Who got layoffs today ?
Anyone ?
Hudson yards / layoffs
Why is wells laying people off and then buying up additional space in Hudson yards ? Lay people off in low cost areas and then hire in high cost locations ?
Gone for a year- how is Finance LOB?
Long time team member here that was let go last year in the early rounds of HUB location layoffs. I was in the CFO/corporate fp&a LOB. I'm amazed at the level of disfunction described on this board and in the media. How is it in finance these... — read more