While we are laying off the people who actually do the work to keep the company running, retail is in eating in their employees. https://www.cnbc.com/2023/04/30/what-home-depots-billion-dollar-pay-raise-can-prove-about-workers.html

What is happening with WF had to be the plan since CS came aboard. Would not be surprised if there are some back room slice and dice deals already made. Their plans just got delayed due to pandemic. You would think they could have taken the time to... — read more 

Can someone check the layoff list and let me know if I'm on it? Let me know what else you see on there too. I need this by EOD, so we need to put a rush on this. Who's gonna pick this up?

OKay...so some REGIONAL banks are poised to go under just like SVB and First Republic...the writing is on the wall. My question...what happens if Bank of America goes under (which believe it or not is not in a good position right now) with my Wells... — read more 

It is alarming to witness a disturbing trend in this bank where skilled workers with technical expertise are leaving, being laid off, or replaced by foreign workers. What is even more concerning is that the remaining managers lack the necessary... — read more 

Congrats to all let go today with a severance packages through the end of the year. Company is now understaffed for when the market and the rates come back and the rally market pops! You'll all get sizable pay increases after these mortgage companies... — read more 

https://www.forbes.com/sites/georgebradt/2023/05/02/why-those-working-remotely-are-heading-for-the-tragedy-of-the-commons/ The answers to many of the questions in this article would still be no even if I saw my manager.

Wells Fargo shareholders voted against the creation of a policy that would have formally outlined framework supportive of worker unionization last week. The measure, which garnered 36% shareholder support, was deemed “unnecessary and not in the best... — read more 

Also, what are the chances it will spread beyond mortgage?

Charlie better be paying attention. Apple stepping up to the plate to serve our customers where Charlie won’t, I’m surprised customers don’t pull all of their cash out. There are so many better options out there to keep your cash than WFC. — read more 

Is this date still on for the next round of layoffs even though the bank had significant layoffs today?

I have been at Wells for around 5 years now and have had the change to move across different teams. A common observation I see is that senior management has no clue on how to mobilize key projects and majority of the times the decisions are brute... — read more 

I started as a programmer with Chicago & Northwestern Railroad, and did the business requirements, programming, documentation and testing by myself. Today that would be at least 5 different jobs on multiple continents at least 5 times the cost, and... — read more 

When will the underwriters be required to return to an office? How many days? Any details would be appreciated.

A month after being removed from Saul’s bo-els, Leo has crawled out of his Petri dish to announce the next WXPS town hall on 5/15. He’s looking forward to seeing our technology org transform and thrive in the months ahead. Hmm. Transforming from... — read more 

I have no direct relationship with my manager (zero contact, which is another problem we can talk about at WF) and was surprisingly given information ahead of time, that remote workers are likely target for upcoming rounds of layoffs. Couldn't get an... — read more 

Just got the confidential meeting invite. Mortgage closer outside of a hub. 2 other closers affected.

Maybe I missed this but there’s a Wells Fargo propaganda program going on? You can literally volunteer your LinkedIn account to become an “employee advocate”. Recruiting must really be falling behind if the company needs employees to volunteer as... — read more 

Let’s do the geography on all these top hogs in mortgage processing on their locations. Washington DC. Jacksonville Fl Princeton NJ Frederick Md and the managers in Lexington NC Tampa FL New Rochelle NY Pinehurst NC and Peters creek NC. Now exactly... — read more 

Hiring executive positions solely based on race/influence, partnering with John Hope Bryant, specialty priced mortgages ( initiative to improve rates for only a select group of ethnicities) and most recently partnering with TD Jakes… We would rather... — read more 

How come no one is talking about the 800 pound gorilla in the room? That we are outsourcing jobs to 1ndia which is aligning with the BRICS group? One day perhaps that will be aligned politically with nations that are against the USA? Like Hong Kong... — read more 

Sell? Downsize? Shutter? What’s your guess? Auto lending is on the chopping block. What’s your predictions?

My boss has been MIA for almost three weeks every morning. He says hes in a RCA or RCSA that supposedly happens every year. What are these meetings for? Are they a coverup for something else more sinister like layoff planning? Who gets to go and... — read more 

Nothing but tech mandates/tech refreshes, BS paperwork for changes, old cr-ppy apps with zero test automation, and terribly designed systems. Some of us have been here too long and now we’re not marketable because we’ve been working on old tech for... — read more 

🤮

How can anyone actually like working here? Like does anyone get any personal satisfaction or fulfillment from their job at this place? It's endless meetings that have no point, doing useless work to fill up PowerPoint decks so it LOOKS like we're... — read more 

Four days a week is coming.

I have 30 year banking experience plus master degree (from a big ten school) I’m American and I have been with bank for over 14 years. My job is being offshored to India. I can definitely walk across the street and work for another bank, but if... — read more 

Who else gets stuck on calls with upper midwesterners that can't stop saying "right?" multiple times per spoken sentence? 🤮

Email just dropped. 3+ days a week minimum expected. otherwise HR firings starting in June. They are desperately trying to skip severance packages

A friend of mine knows an upper executive at BofA and she was recently told by him that an incredibly large number of laptops (possibly near 30%) haven’t been logged into in over a month, yet those employees were not terminated. . I wonder how Wells... — read more 

what happens to the $5 b WF deposited at First Republic now that Chase has taken over FR?

WEF — which hosts a gathering of global leaders in Davos, Switzerland, every year — found that employers expect to create 69 million new jobs by 2027 and eliminate 83 million positions. That will result in a net loss of 14 million jobs, equivalent to... — read more 

Elon Musk had to buy Twitter before he could drive the company in to the ground (laying off seasoned valuable employees, eliminating anyone who isn’t a yes-man, reckless decisions, worsening the customer-experience, wanting to charge long-... — read more 

Looking for the most cheesy WF-speak phrases commonly heard in meetings to put together a Bingo-type game. Some examples: Let's "pull-up" on that Users are "10-keying" data into the system Let's "put a pin" in that Move the needle ... — read more 

You don’t have to agree with everything the leaders of this company are doing. And you also don’t have to stay. Someone else would be happy to have your job.

This board is too populated with self righteous blowhards who lack the backbone to leave absent being laid off and collecting severance. I think it more likely, they are too lazy to put in the effort to find another job outside of WF or they have... — read more 

This article explains why Wells Fargo put money into first republic... While I don't yell at WF for doing something legal The question is.. What and how fast can WF minimize its exposure to its derivatives and what would the impact of those... — read more 

People hate Agile at Wells. It is a bit of extra work for grunts but I think is really necessary for management to steer the direction of the firm. Can someone tell me why agile is so bad?