On this board over the past 1-2 days many folks are highlighting their disdain or the dysfunctional nature or toxic nature of WF. We complain about RTO, Charlie, his directs, Technology Cheerleader TK and much more. Yet the outside world seems to not... — read more
Corp Risk - will it be impacted on 10/03?
Any news whether corp risk will be impacted on 10/03 or 10/15? Very nervous about my future.
Criteria for Layoffs
Could anyone please provide any insight on the criteria that will be considered when making decisions regarding employee layoffs?Are factors such as salary, years of service, mid/end year reviews, RTO stats, or manager input being discussed? Any... — read more
October 3rd can't come soon enough!
Pick me! Hope all those that desire to be free get their severance. I truly believe the reason WF doesn't allow volunteer layoffs is because there would be a mass exodus!
Enterprise Complaints Remediation
Anyone know when RCR will be hit? Hearing rumors October and November. Is it remote only or other locations shutting down? India transition?
Smells like desperation:
Wells Fargo is desperately throwing spaghetti at the wall hoping something sticks. Hiring a former diplomat to schmooze their way out of the Asset Cap, the $30 Billion Buyback that drove stock 📉 4 points, $550 Million for Neiman Marcus space... — read more
One Concrete step you can take
Close your Wells Accounts. Tell them you are closing them due to them outsourcing jobs overseas. I did it. Fu-k em
India Jobs and RTO Hypocrisy. What really Grinds my gears lol
If you search today its more Tech Jobs in India than US. As an added bonus click a US based job and then pull the recruiter up in Teamworks. They are all Remote. Their whole team. Oh boy the IRONY
A sense of doom
That’s how it feels here. No team collaboration. Manager is silent. Everyone siloed and struggling on their own. Really weird.
hiring freez
is there a hiring freeze across risk and compliance? is that why there are so many contract RCSA positions?
KITT from Knight Rider
He’s going to come in with The Hoff and eject the swamp to the streets. He’ll replace with some legit 80’s leaders.
Expensive new buildings and costly signage won’t fix this bank’s massive problems.
It’s all smoke and mirrors to detract attention from the enormous, never ending, serious and systemic issues the “leadership” cannot resolve.
Lob, city, Remote or not, number of layoffs and day of week
Trying to get a pulse of the areas of concentration for the layoffs State your LOB, City, remote or not Number of people impacted Date Etc
This is such an unhealthy work environment
It's hard to believe there was a time when I liked my job. Sadly, it's been more than a decade since that's been true. If I wasn't close to retirement, I would already be gone.
Let’s call Charlie what he is: a traitor
noun: a person who betrays a friend, a country, a principle; a person who is not loyal to his country Similar: back-stabber, sell-out, double-crosser, double-dealer, Judas, double agent, two-timer Why would someone betray you? Excessive... — read more
Now Wells Fargo wants to put a sign on top of 550….
https://www.wcnc.com/article/news/local/550-south-tryon-sign-proposal-wells-fargo-charlotte-uptown-local/275-9f72711c-f7bc-42d2-a935-5e8424f32ffb
Tuesday 10/3 Predictions?
It appears that Tuesday 10/3 will be a very interesting day. It is a Tuesday after a Friday payday which coincides with most large layoffs. The next day chainsaw will do a very rare townhall meeting. Something is up because CS is a terrible... — read more
Wells Fargo to Buy NYC’s Neiman Marcus Space for $550 Million
https://www.bloomberg.com/news/articles/2023-09-27/wells-fargo-to-buy-nyc-s-neiman-marcus-space-for-550-million Wells Fargo & Co. is buying the former Neiman Marcus space at Manhattan’s Hudson Yards for roughly $550 million and plans to convert it... — read more
Officer Titles
Anyone in tech didn’t receive the email who is currently an officer?
$30B in buybacks but budgets are tight.
Seems like a direct correlation here.
Oregon layoffs
Does anyone have any knowledge about layoffs occurring in Oregon, specifically the Barnhart/Sunset locations for LOB Escalated complaints? Building a life raft regardless but keep seeing dates of 10/3 and 10/17 floating so just wondering. Thank you... — read more
“Let’s Fargo” out of business
Anybody else cringe when they see this ad for the virtual assistant?
Remote non hub
Remote and main office in another state. I believe there is a "closest hub" 49 miles away with people I don't work with. I'm gone right and when? Do any LOB's have exceptions?
Health benefits
Is anyone privy to the changes in US healthcare benefits? I assume it’s not in favor of employees.
Yearly bonus
What are the rules around getting yearly bonus if laid off?
$87 million investment in Roanoke VA and 1100 new jobs
https://www.wsls.com/news/local/2023/09/26/wells-fargo-to-become-largest-employer-in-roanoke-county-with-87m-customer-support-center-expansion/
I'm starting to miss Sloan
That's how bad of a CEO Charlie is.
Is anyone who works at Wells Fargo happy?
Do you feel exited about your future there? Does the company's mission, vision and values align with yours? Would love to hear honest answers. Thank you.
Wanted this comment to see get more coverage …it’s both funny and smart
I was scrolling through the posts from the last few days and saw this stray comment hidden in a thread in reference to the $30 Billion Stock Buyback. “would be a much better investment to buy $30B in JPM stock. Pretty much zero chance WFC... — read more
Agreed to reduce your salary to stay employed
If you manager think that you are overpaid , will employer allow to take a pay cut to stay employed. Recent days manager started talking about replacing me in all team meetings based on special skills. Any insights to navigate this situation.
Related to you folks through marriage.!!!
My spouse was “displaced” I often have to come on here for a reminder, it may be a blessing not a curse. 🤔🤔😳😳 Good luck to you all.
Charlie’s Corner
Interesting that Charlie’s Corner has “no news today” posted for awhile now.
Layoffs 10/3
Does anyone have an idea of the numbers, lines of business, and departments that are going to be affected?
Carrie Set Free
https://www.cnn.com/2023/09/15/business/wells-fargo-exec-charged-accounts-scandal/index.html banking unit that opened millions of fraudulent accounts. Louis Lanzano/Bloomberg/Getty Images New York CNN — Former Wells Fargo executive... — read more
401k match
Recently displaced. Will I still get the 401k match in December?
Remember when meritocracy was a thing at WFC?
I miss those days.
Come on folks. Charlie surely has done many good things for employees. Let’s list them all here and show him some appreciation!
I’ll get the ball rolling. Let’s see….help employees….well that one time he uhhhh….Oh! He gave us 50 shares of stock!! What - oh that wasn’t him? Okay okay I just need a little more time and the good stuff is going to start flooding in. It’s hard... — read more
Charlie can’t even get the stock price up after offering to buy back 20% in the next 3 years!!
Who has Charlie failed? Shareholders ✔️ Employees ✔️ Customers ✔️ Regulators ✔️ Communities ✔️ US labor market ✔️ Who has Charlie not failed? Charlie ✔️ The labor market in India ✔️
No Team Members, but still Teamworks?
While the Titanic is sinking and the music continues to play, I have a deckchair-shuffling question: CS got rid of "team member" in favor of "employee", so why hasn't he renamed "Teamworks"?
I told you
I new this site was being manipulated. If I am missing it please post the link. Like an hour ago there was an active change with all of the anti employee changes this bank made. People were adding various thing to the list. Where the he-l did it... — read more