I noticed at the parking garage in Irving today the company has added “Lot Full” signs to a garage that is almost always empty. I took this as a harbinger of 5 DOW RTO.

3/3

More companies are adopting or considering “peanut butter” pay raises, which are across the board increases given equally to all employees rather than tied to performance. While 48 percent of organizations plan to continue performance based raises, 9... — read more 

Wells Fargo Workforce Transformation (2020–2026) Since 2020, Wells Fargo has executed a dual-track workforce strategy: aggressively reducing its domestic footprint while scaling up high-end engineering hubs in India. Under CEO Charlie Scharf, the... — read more 

I've lost my best people consistently over the past two years. I understand that talent comes at a cost, but eliminating it is strategically unsound. We're not just watching institutional knowledge disappear, we're dismantling the very core that... — read more 

It's going to be a bloodbath. 10% in technology.

and the topic of work came up. I admitted I worked for Wells Fargo. The first thing - and I mean THE FIRST THING one of them said was "they have horrible customer service and I won't bank there". Now I admit I was a bit taken aback by that... — read more 

The transaction involved the acquisition of the West End Center office complex, which consists of two buildings. https://traded.co/deals/north-carolina/office/sale/809-west-4-1-2-st-winston-sale/

As project Crane continues to sla-ghter headcount and increase exec compensation the job market becomes even more unfavorable leaving employees unable to pay their WF mortgages, car payments, personal loans and more. Severance pay is only for people... — read more 

New update. Some branches will start staying open until 2pm instead of noon beginning April 25th. They are sick of paying those “free” hours when you work a half day Saturday. Also going to help more branch employees to quit so they don’t have to... — read more 

Didn't this company learn anything from its past mistakes?? I'm in the branch and our DM is like get everyone to apply for a credit card even if the customers have a credit card, get them to apply for another because they will benefit!! The DM was... — read more 

How do people get picked to get let go? I can understand performance and location. But what warrants others? Are people reviewed and discussed prior? Or is it some high up person tells each manager they need to cut x number of people?

I still have a wells credit card. No other accounts. will stop using it from now on. That is the one little thing I can do

Things I’ve learned in 3 years of reading this board and working at WF 1) The CEOs real name is Schart 2) Every Tuesday after a paycheck is going to be a bloodbath 3) The lady that works in the cafeteria can really annoy someone 4) Sol gets free... — read more 

First, there was collaboration.....(we are all in this together) Then there was automation....(python, ansible rah rah rah!) Then came agile......(hire scrum masters so we have have two bosses!) Then came silos (due to agile...we don't care about... — read more 

Has anyone else experienced more health issues this year (or with their team/peers), since the “8 hour” rule was threatened? I’ve personally been sick a couple times since Jan 1 and that’s very odd for me. After reflecting, the only thing that’s... — read more 

IBM bucks AI-fueled layoff trend, triples entry-level hiring for 2026. How long until the CEO FOMO has Wells (and the rest of Wall St.) start hiring again?

Bridget Engle, whose 2024 compensation was $22.11 million, admitted on a town hall call today that employees were being forced to sit on the floor due to lack of space. This is reminiscent of textile mill workers who were forced to wear diapers... — read more 

Does logging into Cloud PC effect your time that is counted toward the 8 hour per day in office requirement? Have heard different things.

Three team members were displaced a couple of weeks ago. After bonus payout, 3 out of 4 senior team members resigned. Made my day

Anyone know of any updates or when it is to be announced?

Does anybody know about the "Vasara" risk platform and the team around it? Is it a good team to join internally, from either the tech or the quant side?

dang everybody looking ashy today

2013 changes to risk capital largely led banks to withdraw from the market. Now its companies like Rocketmortage. This has led to higher mortage rates because banks have cheaper funding (deposits). Fed is going to change the rules so to incentivize... — read more 

I just heard the entire asset movement department in Operations in St Louis was displaced. Any truth to that?

In the 2 months displacement notice period, it says it is non-working. Does that also mean we can't work for another company?

What’s your insight? Let’s put it here.

Guess what, emails were out that employees who want to park at the office will start paying for parking, shortly after downgrading cubicle equipment to docks and monitors 10 years old.. that while Charlie gets his $40Million. Cheap tactics, did we... — read more 

Facts I find interesting. We didnt have a CEO between March 28th and Oct 21st that yr. Yet Net Income Q1 $5.86B Q2 $6.21B Q3 $4.61B incl a 1.6B litigation so really $6.2B We didnt even have a CEO. Q1 Tim Sloan even handed everyone in the... — read more 

just heard of two executive level managers were let go in digital, long term folks, wow! at least they got their bonus’s

Put them in this thread.

Your time has come 3/3 15%

Lets be real here. Customers use bank services. These services seem simple to the customers. And in fact, are a tiny part of what goes on behind the scenes. I say this to remind everyone (if needed) that all the BS, discrimination, unfair dealings... — read more 

Tomorrow is the next layoff date. I expect it will be focused on non-bonus eligible people and 3/3 will focus on those who are bonus eligible. They want to see who takes the bonus and run. They are counting on it. Best of luck all.

Going to be small but Community and Commercial banking are going to lose some Executive Directors and possibly one Managing Director.

Looks like AZ, NJ are now changing to 2 days per week. SL is a mess and is very difficult to find a seat. If mgmt. is reading this, hope this changes to 2 days.

Walk into any corporate office, and you’ll hear the same anxious conversation: Will AI eliminate white-collar jobs? The optimists insist that new jobs will emerge to replace the ones we lose—after all, it has happened in previous tech revolutions... — read more 

T minus 41 days, then it’s 4 days a week and 8 hours a day in the office, no ifs, ands, or buts. The directive from above is that WF offers a very generous PTO policy. In Risk, if SM gets her way, 4 hours of PTO will only be considered as 4 hours... — read more