From Charlotte Observer: Wells Fargo says it plans more job cuts a day after Truist disclosed major layoffs plan September 17, 2023 09:33 AM A top Wells Fargo official said to expect more layoffs at the bank and a decrease in office space as the... — read more 

I see some of you saying that WFC pays well and I know for a fact that I'm significantly underpaid. Is that a new thing? I started three years ago, so while I'm not new, I haven't been here long enough to know things like that either. There's nothing... — read more 

Charlie: Are you going to be part of the problem or part of the solution? Me: After working for you for 4 years, I think I want to be part of the problem. Charlie: That’s not the answer you’re supposed to give. Me: You set the rules of... — read more 

Years and years of abuse of consumer and employees, high pressure sales and bullying, billions in fines and an asset cap, and she gets 6 months home confinement and 120 hours of community service. It's got to be awful being confined to a staycation... — read more 

WIM ops employees who are not remote or working at one of the four WIM Ops hubs were given their notice (Or the opportunity to relocate).

I’m livid. Effing livid.

Especially with UAW. Workers gave up so much and have not been given anything in return while their CEOs take in millions. Feels oddly familiar.

Anyone else have managers that despite being nothing more than a chaotic bundle of hot air, believe they are competent and on top of things? Even the worst managers listen to their workers when they have ideas for ways to simplify, streamline, or... — read more 

https://finance.yahoo.com/news/wells-fargo-launches-stock-fractions-130000785.html Good for us. I have 2 questions: Q. Who green-lighted this project?? Q. How much money and time did we pour in to this project, which allows online customers to... — read more 

Saw this announcement, wondering how much of a loss this is? Anyone know how many Relo loans we’ve been doing or have insight?

Jack Kelly/FORBES Companies should review how and who they lay off. Curiously, the people usually impacted are the workers and never the CEO or members of the C-suite. The upper echelon is exempt from receiving a pink slip. **Nor do they volunteer... — read more 

Any updates on the next round of lay-offs?

https://www.latimes.com/business/story/2023-09-12/california-workers-to-get-earlier-layoff-warning-under-bill-sent-to-newsom

I’ve heard the next date is 9/18 and I’m pretty sure it will affect me. Does anyone have any additional information?

September 14, 2023 LONE WELLS FARGO EXECUTIVE CHARGED CRIMINALLY, CARRIE TOLSTEDT, TO BE SENTENCED TOMORROW FOR CRIMES IN PHONY ACCOUNTS SCANDAL Highest-Level Conviction for Major Financial Institution Executive in Years To: Interested... — read more 

Now correct me if I am wrong, but unless they already gutted them (which is possible), did the Hillsboro office have registered Associates/specialists or just regular escalation folks? Either way I don't want to find out, but I just want to know how... — read more 

I keep hearing rumors around the office, but nothing official. Has anyone else heard anything?

If you switch jobs internally in q4 how are bonuses, raises, and performance reviews impacted? Are you essentially rated with you old team and how can you ensure switching roles and leaving your old team is not held against you for any of these... — read more 

Wells Fargo Careers. It All Begins With You. Chief Executive Officer About this role: Wells Fargo is seeking a Chief Executive Officer…in this role you will: Provide no visible strategic vision while charting the direction to achieve long-term... — read more 

Seriously?! You are laying off people and forcing people to quit, and here you are telling people to take time off with family and then telling everyone about your d-mb vacation costing five figures?

If one was to get laid off towards the end of the year, can the bonus be negotiated into the severance package?

I haven’t been on this site for months and it’s done wonders for my mental health. I only came today because I heard about the truist layoffs which led me to the wells layoffs. Of course nobody knows which departments are subject to layoffs at... — read more 

I stole this embedded in another post: This company is circling the drain. Get out on your own terms and stop assuming you’ll get your severance when let go. Employees of Enron, Worldcom, etc received jack s#it when they went under. Grab a new job... — read more 

I would imagine Minneapolis, St. Louis, and Charlotte would be hubs, but what about Dallas, Salt Lake City, Sioux Falls , and (I could have sworn we had an office in Tampa)? Are those all non hub areas? I was applying anyways (and might have a better... — read more 

Does Wells Fargo Auto pay monthly bonuses to it’s collections agents? Or just the hourly? I recently got hired and I’d like to know.

I was under the impression that WF was exiting Portland (most recently made apparent through closing multiple sites Montgomery Park, Sunset, and soon Barnhart)? What is this job posting for exactly? And in a Lake Oswego office building? Since when... — read more 

The topic of RTO is pretty much beaten to death at this point but I wanted to confirm. I have seen the in office reporting dashboard. Included are a rolling 4 week average of days in, discrepancies between mac and reporting address, and now alerts... — read more 

Companies are realizing that if you can work remotely, your job can be done by someone offshore for 1/4 the cost. Say it louder for the people in the back. This is exactly it.

The entire executive team should be shown the door and replaced, time to make WF great again. Restore some respect and dignity for employees and it's brand.

More than 50 people on my tech time were displaced in April and there are almost no details of that group’s layoffs in this site. This site won’t tell you much. Our layoffs were in many of the core tech locations as well as in smaller markets. If... — read more 

Spend $30 Billion on a company stock buyback (which represents 20% of our Market cap - so that alone doesn’t add up) Pay out $Billions for advice from a corporate consulting company (Isn’t that what we’re paying Charlie & Co for??) Pay out... — read more 

From the firing pan into the fire. Feel bad for many of our former colleagues who left to go to Truist. They have much less tenure at Truist, too, and it's often "last in, first out" during... — read more 

https://www.charlotteobserver.com/news/business/article279281584.html

Mortgage processors are this week going through in-person training on the closing disclosure, as they will be taking over the responsibility of going over the final CD’s with borrowers. This duty was previously done by our closers, which makes sense... — read more 

Buybacks definitely starting. If they split 30 billion would equate to 7.5 billion a quarter. Which would be about 165 million shares a quarter. So it will take roughly 27 days if acquiring about 6 million shares a day as I believe they just started... — read more 

The banking industry is chock full of a-holes. I've worked in it almost 20 years, every pr--k I've met works in a bank. What is it about this industry that makes it so?

This site is daily and weekly entertainment for me. I don't even work at Wells anymore, thank god. But I occasionally peruse the posts on this site just to get a pulse on the mood there, it's not good! My experience at Wells was awful for the most... — read more 

Educate yourself and watch it if you haven’t already. He-l, watch it again. So many eerie similarities. It’s currently on Prime & Hulu.

How is it possible wells needs 230k people to run this bank?!?! And people are shocked that layoffs are sorely needed here JPM has a market cap of $450 bln vs ours of $170bln and yet we have more employees than they do I’m disappointed that... — read more 

Anyone else?