Are all WF branches understaffed? We have busy one, lots of affluent and working class customers. I like it. However, the environment is very stressful frequently because we don't have enough tellers/bankers. Business banker quit and district decided... — read more
Ask yourself this..nonhub ppl being laid off
I remind you that your CEO did not move to SF HQ hub to take a $21+ million a year job. He built one around him in NYC. But is laying off rank and file peeps in non hubs. I'd rather be laid off than work for a bunch of hypocrites, do as as I say... — read more
Hubs and Spokes and Jokes
I am reading people who work in non-hub locations are being laid off. Sad news! I left because WF wasn't committed to good talent and it was all a game, whether you worked in a hub or non-hub, even though you did your job well that didn't count for... — read more
I'm betting there'll be more layoffs this week
The last week of the month always seems to be the one when at least one group is hit. It might not be a major round, but I'm betting you something is coming.
Does performance history have any impact on likelihood of being laid off?
Does it even matter if a person has been exceeds/consistently exceeds for years when it comes to layoffs, or is it just luck of the draw? Do the geniuses making these decisions care if they lay off underperformers versus higher performers?
BCP Exercise - all primaries in India
Almost all application primaries seem to be in India. They have a US hr shift in India these days. Quality of work is atrocious. Can never understand what they are saying. Its low end talent for cost savings! Despicable.
(Learn) Dysfunctional IT Groups at Deutche Bank
https://www.efinancialcareers.co.uk/news/2018/04/technology-at-deutsche-bank
My Success and Performance Evaluation Factors
Worriless sleeping Clear conscience Reciprocal gratitude Absence of envy Foamy coffee Crusty bread Inexperienced enemies Frequent laughs No meals alone Bicycling Good digestive functions Periodic surprises Nothing to hide Muscular strength &... — read more
CS too good to do a town hall?
Typically within a week of quarterly results CS does a town hall meeting. Guess he can't come to grips with dealing with the low life employees outside of the NY bubble yes men eh?
Any truth to severance package changing?
I've been hearing rumors the severance package will be changing and not for the good. That will be significantly reduced. Anyone else hearing this? Anyone know when they could change it (as in annual, whenever they want, etc.)? Does board have to... — read more
Bring back the 80's
I was drinking a beer listening to the 80's tonight. What happened to this country. What happened to this company. I used to go to work with a suit and tie, work my a-s off, now people don't even talk. I walk around town and it looks like me-h... — read more
Midyear good news & bad news
Midyear good news: You got meets and mgr refuses to give anyone inconsistently meets (so no one on team gets exceeds, but at this point who cares... survival mode). Midyear bad news: Team is being dissolved and everyone needs to find new jobs. WF... — read more
How is our BOD rationalizing paying $24.5 Million/year for a CEO who is “doing what every other company is doing”?
We could hire a B-Movie actor or some smart-as-a-whip college intern who could follow the same uninspired cookie-cutter strategy for 95% less. I don’t think anyone sees Charlie as a Disrupter, an Innovator, a Team-Builder, or even a... — read more
Midyear reviews are really midyear competition
Just had my mid-year. I got penalized for not volunteering to do my job along with the job of an open position on another team. Someone else on my team volunteered to do both jobs so I got ranked below that person. I will not sign up for doing two... — read more
People with “REMOTE” in their location on teamworks
I’ve come to the conclusion that almost every one of them have mouse jigglers and aren’t even working. It always takes an hour or two to reach anyone.
Offshore risk
I can’t believe how many offshore positions they’re putting for risk roles. Let’s just see what happens with that strategy when there’s another big issue.. seriously doubt we’ll get out of the consent orders offshoring risk and compliance senior... — read more
Retire or Layoff
I turn 60 next year with 18 years at WF. Therefore, I qualify to retire. I do plan to work until 65. Do I retire or wait to be layed off?
HUBS
What are the Hubs they want to transition to? I have teammates in Portland, Denver, Philly and Minneapolis as well as Charlotte, LA and NY
Checking Teams status?
WTF is going on with people checking Team's status? Are they chasing the green "active" dot? I have teams on my laptop and phone and am always available. Why does the stupid green dot matter to anyone?
WFC stock on the move
Back over 50 next week what do you think?
Strike/Walk Out?
I’m wondering if anyone currently working for Wells Fargo has considered doing a strike/walk out for better pay/improving working conditions? It’s probably naive to think it would actually get them to care about their employees, but I am wondering if... — read more
lurkers who left..
if you went to another financial institution and are still posting here- could you share where you went? I've been looking for awhile and my base is over 200k so it's slim opportunities for that salary plus being remote.One's like SVB and USAA are... — read more
Wrong people are being promoted
There are a lot of factors that facilitate WFC’s current less-than-stellar standing and results, but I believe that one of the main ones is the fact that people are being promoted for all the wrong reasons. I believe nothing will improve until WFC... — read more
2014 SGO pin found. Remember? Strategy, governance, Operating Model
A 9-year-old pin fell out of my computer bag. I don't really remember this campaign. I was in tech.. never followed or got to know the "big picture". I guess management kept all this to themselves. Wonder if anyone on this board remembers this.
Life After WF
10+ years at the WF before the layoff. Just had my 1st review at the new job. My raise was more then the combined last few years at WF. I was thanked for being a hard working team player. It felt nice to be treated like a professional. No place... — read more
Proposed new Basel regs will curtail portfolio lending
At the big banks, massively. This will hit non-agency mortgage lending hard. Those famous great Wells Fargo jumbo rates could be a thing of the past. Big banks won’t wanna touch portfolio mortgage at all.
People Getting Physically Sick and or retiring early
Wells Fargo used to pride itself for the quality of people they have in their institution. People As A Competitive Advantage or P.A.C.A they called it. Once Charlie changed the title of its Team Members to Employees, everything started going down... — read more
Funny, But True
One of my teammates got axed and replaced by an offshore person. Funny thing is he is Indian and just got his green card. Irony can su-k.
One on One on Thursdays?
When one on one or "reviews" on Thursdays are safe? When HR is not invited.
Inconsistently Meets with a vague write up
got inconsistently meets with a vague write up. issue is that manager who wrote the feedback quit before delivering the discussion or entering then into system. my 2-up pasted in managers comments and chose the rating. 2-up provided no written... — read more
How are people still getting "remote" exceptions?
How are people still receiving "Remote" exceptions? Either for themselves or their people? When you search someone on the Intranet, you will know they are fully remote when you see this: Physical work address: Remote Remote, STATE ZIP USA
Ethics Llne is "phone a foe"
The fastest way to get terminated is to call the Ethics Line. Ethics don't exist at WF. Proven on a daily basis. Buy a muzzle or duct tape instead. Much better investment.
Let's play the Career Mobility drinking game!
Every time you hear or read about "career mobility" here from management at Wells Fargo and have had yours taken away, down a shot of your beverage of choice! I'm already hammered this morning.
I often wonder why Managers don’t use their power, influence and contacts to take a strong stand against Charlie & Co.
Charlie states he is “transforming our institution while supporting our customers, employees, and the communities we serve”, but you know nothing could be further from the truth. Managers are privy to the e-mails, meetings and plans which prove the... — read more
There are lots of rumblings about something big next week
A much much bigger-than-normal layoff. Don't know which day.
Colleague laid off in CLT-CIB today
just sharing per the name of this site
Called it: Bank of America
Not only was the bank's fraudulent activity (since 2012) met with swift announcements and fines, now the bank's profits are reportedly up 19%. Two big banks, same fraud, two different results. Why? WF oversold themselves as a trusted brand for not... — read more
Stop sending calendar invites for your PTO
Whoever started this trend "should be dr-g out into the street and s-ot." -Garfield
Look at job postings - US vs India
Since I am just waiting for the axe to fall, thought I'd search on the internal job boards. Do a search for Product Owner or Scrum Master and compare the # of avail positions in India vs. US. India-103 US-55 Its like this for every search I've done... — read more