Prompt: What are the 3 current scandals at Wells Fargo. do not include the fake account scandal in 2016. Please give a list containing date reported, scandal description, Well's response information. Also give a description of what the regulator... — read more
Wells Fargo Preps for Wealth Battle After $1 Billion Turnaround
https://www.bloomberg.com/news/articles/2023-09-23/wells-fargo-preps-for-wealth-battle-after-1-billion-turnaround?embedded-checkout=true WHAT $1 Billion turnaround are they referring to? 😂 I work for WFA and have only seen cost-cutting... — read more
https://actionnetwork.org/forms/support-wells-fargo-workers-united?source=direct_link&
No need to up or down vote. This is for those who want to join. https://actionnetwork.org/forms/support-wells-fargo-workers-united?source=direct_link&
Hopefully the record low participation rate in the employee survey will send management a clear massage
Not sure most of the managers care even though they SHOULD!
Is South Dakota Next???
So this last year they moved everyone out of 2 of the smaller office buildings and brought them over to the big office. They also got rid of some furniture in the building (such as a huge glass cabinet as one example). They have been micro managing... — read more
Non hub and remote
What is the rumor on the timeline to layoff the rest of the non-hub remote employees? Gone by Q4, 2024?
Imagine if Wells Fargo workers were smart enough to join forces, and strike or walk out for several days or weeks….
Daley: “How do I post updates on Tweeter?” Mike S: “What are these people in India actually DOING that keeps the bank functioning?” How do I even get ahold of them - what # do I dial?? Yes I KNOW I’m CFO but I never took accounting!!” Darrel C:... — read more
Insurance Provider Change
Rumor has it we are getting new providers next year; does anyone have any insight on Anthem change? I really do not want to switch drs.
F this place
Would rather work in a chicken processing plant than this place. The way they treat their employees is disgusting. No loyalty or respect for people that dedicated their lives for working in this he$l hole. We had to stand up and defend all the... — read more
THE TRUTH - PAY ATTENTION SHAREHOLDERS
Layoff’s will continue through October. 10/3 will be similar to this last round. Let’s talk facts! Since Q4 2022 there have been 37, 000+ US Domestic Full Time Employees displaced(offshored). HOWEVER, they strategically control the headcount... — read more
How is this all flying under the radar
https://newsroom.wf.com/English/news-releases/news-release-details/2023/Thomas-R.-Nides-to-Join-Wells-Fargo-as-Vice-Chairman/default.aspx
Remote
People's ability to work remotely from home is being revoked. I am now required to go into an office three days a week. This change may soon affect your job, unless you are a manager. Managers are allowed to remain remote and avoid collaborating with... — read more
I've never seen morale this low across all departments
One of the "advantages" of our RTO initiative is that it has enabled me to connect with various business units and teams. However, I've noticed a significant amount of negativity being expressed by teams outside of my own when I'm in the break room... — read more
Severance plan changes?
Has anyone else heard of severance plan changes coming in 2024? I heard a rumor that the benefit is being cut in half, so only being paid out 1 week for each year of service.
Wells Fargo Survivor. Outwit. Outplay. Outlast.
Know more than your boss - that’s not too difficult these days. Become the expert. Reverse the boss and subordinate role. Knowledge is power. They want us to collaborate, right? Create a coalition. Cultivate relationships and then use your... — read more
RCSA Contract Role
So i’ve seen multiple emails regarding immediate hiring for RCSA contract roles for 52.00-60.00 an hour. Do not accept this rate; they are desperate for help bc all their FTE’s have quit or are burned out. Listen do not accept anything less than... — read more
Tell me: How’s Wells Fargo work environment different from the Squid Game?
You keep playing a series of rounds and you’re eventually finished in the game unless you’re the last standing man or the soldiers. Same here, there’s a layoff round each month, and who knows it’s not your turn? Only CS and his cronies who execute... — read more
Tom Nides; Diplomat and Next CEO?
A new Vice Chairman role has been created. Tom will be a close advisor to Charlie on a range of issues, and is suited for the role as as a former top diplomat, and his financial background. The winds of change are blowing.
Let’s collaborate- Layoff playlist
Add your song titles and artist below
Things will get worse before they get better
If you work in banking, I'd recommend exiting the industry as soon as you can. The economy, inflation, and geopolitical environment is not going to be better anytime in future, and banks will continue to squeeze costs and reduce staff. Don't put... — read more
Consider Joining the Union. Hear me out.
Hopefully you are looking for another job, but if you want or need to stay - join the Union. I can’t think of another way to say this: Charlie is Fu----g you over in every way possible: boiling the frog, as they say. Can’t you feel the momentum... — read more
Manager point of view
I want to lay this out because I read a lot of comments here from WF employees and at times I feel that there is some misconceptions about your managers. I have been a manager for a long time with WF. Like most of you, I have also experienced a... — read more
WF employees under CS
Let’s see all of goodies given to us grunt workers since chainsaw joined constant threat of layoffs yearly payout of 401k match or nothing if laid off before 12/15 meets is now the new exceeds RTO - don’t get me started on this subject... — read more
“Officer Titles”?
20th name change without a pay increase in 10 years. Thanks Bei Ling.😂
Is being 'eligible' for severance any guarantee?
If 'displaced'...
Chainsaw go brrrrr, brrr in October
RIP your career 10/12.
October is a good month for layoffs
Brrrrr, brrrr, what's that sound?! Chainsaw Charlie running his Stihl chainsaw. Lots of old wood gonna be cut in October. More staff reductions. I know you fantasize about him retiring but it's not gonna happen.
Why Wells Fargo is the only big bank where workers are trying to unionize
Emily Pe-k, author of Axios Markets For at least a decade, labor organizers have tried to make inroads at the nation's banks, but Wells Fargo is the only big one where workers are actually trying to unionize. Why it matters: Worker efforts trace... — read more
Does Wells Fargo ever admit wrongdoing?
They are always dodgy when paying out Billions for lawsuits. “Wells Fargo denies all allegations.” “Wells Fargo settles without admitting or denying allegations.” “We are happy to finally have this behind us.” Customers want to hear... — read more
Another settlement
Laid off tow years ago (and very happy about it)....the settlement checks keep coming. What do you know about Scorby vs WF? I see something coming in the mail today and was wondering if anyone knows details? Thx
Cloud certification or die!
Anyone have solid info on the cloud certification they are pushing on everyone in tech? If we don't get that certification complete by the EOY are we toast? Thanks for any info
Sorry for those impacted
I am sorry to hear of the layoffs. But take a beat and look for the silver lining…. Sometimes you know you should make a move and for whatever reason you don’t. Some doors NEED to close to get you to move. In the upcoming days look at the big... — read more
SVB next CEO in line.
My prediction is that SVB will become the next CEO in October. Vote up if you agree Vote down if you disagree
**Wells Fargo: Where pay is NOT commiserate with experience and Value**
Imagine a sliding scale for Pay at Wells Fargo: $40K to $24.5M ➡️you➡️➡️➡️➡️➡️➡️➡️➡️➡️CS Now imagine a sliding scale measuring “value* and performance. One would imagine that an executive’s value would increase proportionally with pay... — read more
Layoffs
A lot of what is being reported is inaccurate. Layoffs are part of corporate life. And much is not forecasted. As is here. So don’t panic. Relax.
The bank desperate to fill contract roles (RCSA) - too bad they treated lots of people like C***p
Keep getting desperate emails to fill contract roles for RCSA. Totally qualified to do that. Too bad the middle managers treated everyone like C***p & no-one wants to come back. That's what you get when you hire non banking friends of friends in... — read more
Tech layoffs
Happening.
CS layoffs
Happening
If given a 60 day non working notice
Can we still do benefit elections in open enrollment? I will have about 6 months on severance and was planning on changing my plan this year. Will I still be able to?