My one on one this morning was interesting. Was just informed that my office location is being changed effective immediately. Starting tomorrow I am expected to go to an office almost 30 miles away instead of the one I currently walk to each day. ... — read more
Advice on return to office
I work at a bank that will require workers to return to offices 3 days a week. Their goal is to force workers to quit so they don't have to pay severance or unemployment benefits. Workers are geographically dispersed in states and cities throughout... — read more
Why would a bank campus need FOUR golf courses???
Something tells me the execs will be able to use this during work hours but hourly & staff employees won’t. Also, 4 golf courses in Texas sure will use a lot of water… not very eco-friendly. This place is a joke.
Holy Sales Practice IT&V
Wow. Saw an announcement that C. Fowler was chosen to lead CSBB. A guy who spent 15+ years evaluating Wells Fargo branches with checklists. A guy that was clearly directly involved in the sales practice fiasco. Other than audit, there was no other... — read more
Wells Fargo closes 18 more branches in US
Wells Fargo & Co. has declared plans to close another 18 branches — though none in North Carolina — according to its latest disclosure to federal regulator U.S. Office of the Comptroller of the... — read more
Layoff middle managers
The time has come to dump all these managers. My processing manager has been MIA for 2 weeks. She manages 4 of us and we do all her work that she delegates out. We even wrote our own reviews. I am sure she is one of hundreds of lazy incompetent... — read more
Wells Fargo Workers United (WFWU)
Sign this petition: Support Wells Fargo Workers United https://actionnetwork.org/forms/support-wells-fargo-workers-united
Bereavement leave?
My mother-in-law just passed away. Is bereavement leave available. If so how many days?
Independent Testing specialist - IT&V
I've heard bad things about this dept. but I have an opportunity to get into this dept. as I'm currently unemployed and needing some income. What is the avg salary for the Independent Testing specialist role? I want to make sure they aren't going to... — read more
A Q
Anyone know about the utility of Covered California equivalents in other states? That market saved my spouse and I (we both have chronic diseases and can't afford to have bad insurance) post-grad school where we weren't entitled to COBRA (because... — read more
A word to the wise/contracting
If you're thinking of getting a contract role here, be aware that it's very possible that you will be hired alongside someone that has no professional/corporate experience at all, or is one of the manager's friends. The unwritten & undisclosed rule... — read more
Adjusting hours to align with India
I've been hearing more and more teams are having to work hours that are more convenient for the India and Manila offices. Anyone know if this is true? I can see Eff-face Charlie using this as another lever to get people to resign.
Raising Canes cares more about employees than WF
If you are a teller, go work there. https://finance.yahoo.com/news/raising-canes-raises-average-wages-to-1950-an-hour--the-right-thing-to-do-155858339.html
Commercial Banking Layoffs started this Week
Commercial Banking started layoffs this week.
Cliff Notes-version of current WF severance package please...
Can anybody here provide the basic bullet points of the current WF severance package i.e. X weeks pay for Y full-years of tenure, lump-sum vs continuance of bi-weekly, etc? Tried looking in the Employee Handbook, but couldn't narrow it... — read more
Risk offsite in Charlotte
DF had an all directs plus one level this past week. Lots of heads down for a few days, felt different. Risk getting a haircut soon?
Minneapolis shrinking
Oh my goodness! In Minneapolis the bank is reducing its number of locations from four to two, which means that many of us Minneapolis employees will have to work from home. The downtown and Shoreview offices can't accommodate a full office return, or... — read more
FRONT of WSJ: JPMorgan’s Ties to Jeffrey Epstein Were Deeper Than the Bank Has Acknowledged
https://www.wsj.com/articles/jpmorgan-jeffrey-epstein-525febe3?mod=hp_lead_pos1 JPMorgan Chase & Co. had ties to Jeffrey Epstein that ran deeper than the bank has acknowledged and extended years beyond when it decided to close the convicted s-x... — read more
I love working here
Just don't want to lose my job. Best place i've worked out of the 4 other companies I've worked. People don't know how good they got it, tons and tons of vacation time PTO and Holidays galore, full 6% 401k match, a bonus that actually is paid out... — read more
5/16
Hearing this is the next layoff date, has anyone else heard the same and know what areas will be impacted?
RTO tracking report
What does it look like?
P5 to P3 with a higher band
I am interviewing for a P3 position with a higher salary bank than my current P5 position. If I get chosen, will a qualify for a pay raise? Has anyone gone through such scenarios before?
WF stands for WarFare
The cruelty is the point. WF will never win w/o employee support. Never.
Learning Event - Succeeding in a Hybrid Environment
ARE YOU KIDDING ME?!!! Let's think back shall we? To a few years ago when ALL of Wells Fargo employees were told to start working from home - on basically a day's notice. We worked that way for 2+ years without issue and EVERYTHING ran smoothly. ... — read more
Saul sounds a bit like Roger Federer
Its very comforting to listen to. That is all. Have a great Friday.
"DISPLACED"
A senior leader in my area was laid off this week. We had an "URGENT meeting" with about 15 minutes notice to be told about it. First off...STOP IT. You know, as management, when the entire team gets a "URGENT meeting" notification from a senior... — read more
Real reason for RTO and it not collaboration
FRTO and F all the execs that are saying it's because we are better in person, the 2 plus years of the pandemic proved that most were better working remotely, but that hurts the corporate real estate values. They need to be able to dump them first... — read more
Didn’t even open or crack open your laptop
https://www.yahoo.com/finance/news/ceo-says-many-remote-workers-182557422.html
Wells Fargo has an identity crisis
On the one hand- Charlie says he wants to “grow our investment bank”, competing with global giants who have been perfecting their craft for decades. And he also says he is focused on building our Wealth Management business “acquiring, building... — read more
Lockbox
Why is lockbox turning to a ghost town?
Wells Fargo has another big problem: the push for unionization
https://finance.yahoo.com/m/de8f590e-ae50-3426-a96a-ba1e7e4437ac/wells-fargo-faces-another-big.html Yes this was posted about several days ago, but I do get a bit of pleasure knowing this is causing Charlie & Friends some pain. He deserves it. I’m... — read more
Mortgage Layoff
I'm in sales and keep hoping I get laid off. However, I'm located in one of the "core or focus" areas for mortgage going forward. I've been with company over 20 years, but I am done working on the sales side. I've applied for multiple other... — read more
1/2 BILLION dollar TX location =
= Forced relocation = New 5 day RTO to justify expense = Significant financial support for a state/governor that clearly does not align with WF DE&I strategy (which is a smokescreen, clearly, as actions speak louder than words) = One of the... — read more
Wells Fargo is so far behind
https://techcrunch.com/2023/03/20/the-cloud-backlash-has-begun-why-big-data-is-pulling-compute-back-on-premises/ "The great cloud migration has revolutionized IT, but after a decade of cloud transformations, the most sophisticated enterprises are... — read more
Wells Fargo is the No. 2 company to work for!
Thought it was a joke until I saw this for myself. Something is definitely wrong here. People should look into this and raise complaints to LinkedIn before we bring in more people to this lay off sla-ghter house. Article:... — read more
Iowa WARN Notification 4/18/2023
All of the layoffs are coming from the downtown Des Moines locations. A total of 78 laid off. These all appear to be non-working 60-day notifications. Per usual, not a lot of people.
Homebuyers with good credit will now be subsidizing bad loans.
The cost is even higher if you make a hood down payment. in other words, having good credit in this country is now being penalized. https://nypost.com/2023/04/16/how-the-us-is-subsidizing-high-risk-homebuyers-at-the-cost-of-those-with-good-credit/ — read more
Executive Pay/Performance
Fixing format issues - There is no way this is based on performance (Data from proxy statement) Executive / Total Performance Achievement / Increase in Total Compensation Scharf: 108.1%; 15.4% Santomassimo: 113.5%; 6.8% Weiss: 104.1%; 53.6% Mack:... — read more
Contradictions
t's challenging to maintain a positive outlook on this bank that has laid you off. This bank is full of contradictions. Despite being considered too big to fail, this bank is failing in some areas -- resulting in layoffs of both employees and... — read more
Wells Fargo workers’ union effort pushes shareholder proposal
More than 700 Wells Fargo employees in 29 states are involved in an effort to unionize the bank — which, if successful, would become the first of the nation’s largest banks with a unionized... — read more