Things that make you go Hmm... "Wells Fargo & Co. ended its long reign as the largest mortgage lender among US banks, nine months after announcing plans to shrink the business. JPMorgan Chase & Co., it biggest rival, now tops Wells Fargo in... — read more 

We could save probably a million dollars or more in compensation and benefits but cutting his role. Thoughts? Easy way to save money and reduce headcount.

The ORBO, the BACO, the COSO, the RAU owner and the EIEIO! What a monumental waste of time and resources. Could have been a much better and more coordinated process. Just rehashing things and coming up with new ideas on the fly, 5,000 time over all... — read more 

Am I handling correctly?

How would you handle this?

The latest slogan for recruiting, seriously? "Take a deep breath. Release slowly. Repeat. well life is time off to recharge." Could this be any more inaccurate?

Would you? For bull, har**.

My guess is that CS will sometime in 2024 and be replaced by the departing CEO from Morgan Stanley. Them Morgan and WF merge sometime in 2026 after the Asset Cap is lifted.

I am considering legal action against WFC. Does anyone have experience with legal action against WFC and willing to share any of this information: attorney name, case details and outcome of case?

We are Wells Fargo employees forming a union to improve our working conditions; 
making a better Wells Fargo for workers & customers. Proper Staffing We need adequate staffing levels to reduce stress levels, enable humane workloads and set... — read more 

I think CEO!

https://www.wsls.com/news/local/2023/10/17/timeline-revealed-for-wells-fargo-87m-expansion-in-roanoke-county/

Perhaps this place is inefficient in some places, I know there are areas where this is true (take a look at Executive levels of leadership who do nothing but attend meetings and don't actually accomplish anything tangible if you want a good example)... — read more 

The official WARN notification was just posted this morning for the 10/17/2023 layoffs. Per usual, it was a small amount of layoffs across three sites: Des Moines - 206 8th St - 1 Des Moines - 800 Walnut St - 4 West Des Moines - 800 S Jordan Creek... — read more 

Do we have to be connected to the network for 4 hours for it to count as a day in office? My manager will not share reporting or answer. I have not seen the report.

Open enrollment for 2024 benefits starts tomorrow. Has anyone who has been laid off and is eligible to enroll in 2024 medical benefits, etc. received ANY information from Wells about Open Enrollment?

Don’t we have rules about conduct around here?! Lock him up!! https://48hills.org/2023/10/wells-fargo-ceo-arrested-for-climate-crimes-in-extinction-rebellion-action/

Deposits flowing out due to customers seeking a higher yield elsewhere. Unable to grow itself organically. The executives are scrambling, pulling out all the stops on moves which seem to come out of nowhere. “If you can't dazzle them with... — read more 

https://www.wsoctv.com/news/local/more-layoffs-branch-closings-ahead-wells-fargo-ceo-says/2KXBUZ6N6JG7DCBO3QZRD5VOGE/

HR had major impacts today. When is the next round of HR notifications? Will it be before the end of the year or next year?

“This company is not efficient — like period, end of story,” Wells Fargo CEO Charlie Scharf says.

Got email and had call his morning. Support partners eliminated. In hubs, not remote, not lengthy tenure. Odd layoff selections. This place is lost.

He actually said this (link below) how can he not know how tone-deaf this is!?! **** “When we sit around as a management team, we feel great about the progress and there’s no clearer way to see that than in the headcount numbers, which... — read more 

Many final layoffs in processing and underwriting. The few sales people left are leaving. Charlie needs to finish whacking mortgage so he can move on to the bank to start axing people

Given the replacements of US staff by Offshore is particularly problematic for the Enterprise level Info Sec risk that needs to be managed. Not sure whose idea it was, but there is reason to have ALL Info Security be located in the US. Until... — read more 

It's a bad time in mortgage, anyone recommendations to transition to a new field?

Anyone hear of layoffs today in tech?

Lost several people on my processing team, including multiple people with over 20 years of tenure. Apparently the layoffs today are fairly significant across a number of processing and underwriting teams

Wells Fargo executives said the bank will continue downsizing its workforce after shedding almost 50,000 jobs in a major cost-cutting effort that began three years... — read more 

Just for a call for noon today in Charlotte and we are laid off. They got rid of most of the mortgage department including managers and processors

Don’t think for a minute that they won’t take advantage of current events to bring down the axe. Likely very little coverage will be expected from the media due to the Ha--s/Israel war.

No news in Sioux Falls yet!!! But we have now work in our queue for the Executive office!!

I am not hearing any chattering of layoffs today. I work in TK org and no mumbling yet if anyone. Maybe they are done for the year?

Is this the first sign of the day?

I ran across an internal job posting with this title…guess they have to now hire people to carry out making employees lives miserable, aka “the goal of the program is to address the fragmented presence in the US by consolidating into a small number... — read more 

To avoid that pesky meeting invite.....

https://www.nj.com/news/2023/10/customer-loses-8k-in-check-swindle-heres-why-wells-fargo-wont-give-the-money-back.html “There was so much complexity to the reporting process that it took four family members to try to decipher what to do next. I... — read more