https://twitter.com/RBReich/status/1697036479967457283?s=20
Any updates on Sioux Falls
Sioux Falls is slowly being eliminated, we’ve closed three of our four buildings in the last couple years. Any word on when remote workers in SF will be affected? As a remote worker I thought about going into the office to possibly save myself, but... — read more
More Layoffs for Frederick
Heard from a reliable source that more layoffs are coming between now and Oct. for former Frederick employees who are now remote.
The Major Hub post is not a lie
Call the op a troll and say it is lies but know it is the truth as major hub employees are safe(r) than anyone else it is FACT
Charlie Scharf Masterclass in Avoiding Accountability through subjective (rather than objective) statements.
“We will get it done.” Who is we? What is it? Define done. When will it be done - is there an ETA? “Our ability to identify risk and control issues has improved” Define your version of ability. Which risks? All the risks? When you... — read more
COO, CCO and CAO plea for help
Please step up for Wells Fargo. We are dying here in this virulent environment. Literally. Excessive hours worked and still have a massive workload. Can the control teams do more than just ask for updates? Can 2L focus on substance instead of... — read more
So many high performers let go over the last few years
This leadership - can I even call them that? - makes no sense to me at all.
Anyone hear rumors of wells fargo acquiring better.com
Saw this article uploaded today and was curious if it had any merit to it? Said there was potential of wells fargo acquiring betr the digital mortgage company that just... — read more
Fully Remote and Loving it!
A few years ago, Wells Fargo was di-king me around with in office versus remote work after they told many of us that they weren't paying corporate properties for leased space anymore, that we would be remote. Then they wanted us to go back to the... — read more
ECMO HUBS
Can anyone confirm if Sioux Falls ECMO is toast?!
Rebuilding Trust
I often read certain people at the top talk about rebuilding trust (with customers). Just last week, someone in Chicago was in media talking about that. Perhaps first, they should rebuild trust with team members?! Start with the company culture... — read more
Medical waiver to be remote…
I received a medical waiver to stay remote instead of going in the office(I am near a hub). I see several post about layoffs for remote employees. Should I be concerned?
I am the CEO of a large bank.
I accepted this job because no one else wanted it, so I don’t have to do much to keep my $24.5 Million coming in every year. What are they going to do - replace me?? 😂. In fact - I could run this company in to the ground and no one would say a... — read more
Everyday Banking Team Leads
Heads up majority of Consumer Everyday Team Leads are getting demoted to Bankers they will be meeting with the impacted leads by Aug 31 and it will be effective Oct 1st.
happy tuesday
take a few seconds to look around and observe the the room and people amongst your right now. what a sad dump. upvote if you see it and are not in denial about the sad state of affairs.
Barnhart lease renewal
I see multiple comments that the lease in Hillsboro Oregon is not being renewed. Please provide link to info, seems like people are just trolling. Also, have folks from the Sunset location been given a move date? They have shifted the remaining folks... — read more
It’s probably not going to work out
https://www.msn.com/en-us/money/companies/amazon-ceo-reportedly-told-remote-employees-it-s-probably-not-going-to-work-out/ar-AA1fUdFB?ocid=hpmsn&cvid=398a294a31fd450bb2c776f91a320b1a&ei=9
A few favorite books from Charlie’s personal collection:
Too Big to Fail I Know What I’m Doing - and Other Lies I Tell Myself Always Ask a Man Everything I Want To Do is Illegal How to Run a Company in to the Ground I Win! (by U. Lose) Last Man Standing: The Ascent of Jamie Dimon Men Who Knit and the... — read more
Annual Raises
Predictions on annual raises for this year? Last year, Bei sucessfully fought for a 5% average increase. What do you think the average will be this year? Will mid points ever adjust? Seems like they’ve been the same over the past ten years... — read more
Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC alleges
https://www.cnn.com/2023/08/25/business/wells-fargo-overcharging-sec/index.html New York CNN — For years, Wells Fargo overcharged almost 11,000 investment advisory accounts about $27 million in fees, federal regulators alleged on Friday. The... — read more
Service charge free checking - follow up if displaced
I was eligible for retirement with 44 years prior to being displaced. After my final severance check, I called H.R. to check my status. I learned H.R. recorded me as terminated instead of a retiree. As a result, my checking account was changed to... — read more
No HUB Layoffs
If you are in a major hub you are safe
Employee Survey Released!
Are you taking your survey? If so, will you be brutally honest?
A letter written to the Federal Reserve opposing Wells Fargo’s massive $30 Billion stock repurchase
(condensed) The Honorable Jerome Powell, Chair The Honorable Michael Barr, Vice Chair/Supervision Board of Governors of the Federal Reserve System Dear Chair and Vice Chair, On behalf of more than 500,000 members and supporters of Public... — read more
Why isn't everybody quiet quitting?
There are no benefits to giving it your all. None. I can't understand why some of you are still bothering.
BRICS Summitt
Sure I'm late to the party in understanding BRICS. And sadly I'm now more inclined to believe our CEO and OCC are trying to harm our workplace and the US economy. Leadership signing off to pay a fine for deceiving investors; hiring people from BRICS... — read more
Negative People at WF
I enjoy laughing at the uninformed people on here. Got a kick out of the person who created a thread earlier, responded to themselves, and upvoted their comments and downed others. You do not believe people here make 150K? Lol. If we do, it must be... — read more
About to be free
Waited for package but wasn’t displaced. Everyday I wake up miserably because of work. Just turned in two week notice and I feel the best I have in a couple years. Good luck to everyone wanting to be displaced. PTO first week and wrapping... — read more
Do weekends in the office count?
If you come in on a weekend does it count towards days in office?
New RTO expectations for all of technology
Our vision for a more connected culture that promotes collaboration, belonging, and AGILE was of working is build upon an in person culture that prioritizes flexibility. Blah blah... Beginning Sept 5, all tech employees regardless of team or role... — read more
Reality check for the “Company Men”: Wells Fargo’s headline stories in just the past 30 days
‘Every day is another challenge’: Wells Fargo vice chair of public affairs says the bank is still on its (never ending) journey to rebuilding trust (Aug 25) Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC... — read more
Say what you want
Say what you want, but despite all the negatives, WFC still pays well. I've looked at several major competitors and from available data, they are all underpaying. I also interviewed with some and received an offer and I can tell you, nothing comes... — read more
Anyone know the cost of the low usage high deductible (HSA) plan on Cobra?
I'm trying to plan for next year already as I'm retiring early via the severance but I'm too young to qualify for medicare. IIRC the individual retiree health plan was $615/mo for the HSA compatible plan but I've seen people say the retiree rate was... — read more
Does anyone think WF is viable for another.decade or more?
Is anyone proud to work at Wells Fargo? Not proud of your work, but doing it for this company. Does anyone else think Wells Fargo will be around as is (not broken up, etc.) for another decade or more?
what happened to the wells fargo doctor guy?
curious minds want to know
Senior lead business execution consultants
How high is a senior lead BEC?
CISO
The incompetence and arrogance of so called leaders in CISO is unbelievable. If caught we will be fined again. The new guy from Visa, and the newer guy from DTCC should all be fired. Today.
WF cybersecurity LOB layoffs coming
Lots of managers and directors in San Francisco this week. Talking about plan of action for cutting American personnel while maintaining line of business status quo. Plan of action were talked about in San Francisco this week be prepared for the... — read more