Hello fellow team members! Anyone else listening to this call out of sheer curiosity knowing exactly where the majority stands on working in offices and driving/parking there daily? Is anyone going to connect the dots to their own call for... — read more
Wells Fargo stock is trading exactly where it was 10 years ago
The Dow Jones has more than doubled in the same time period: up from 14,500 to 33,000. The leadership of this too-big-to-manage bank is a clear and undebatable failure.
Operational Risk Teams
I had the pleasure to hotel on a floor which mainly consists of operational risk staff. I was surprised to see the amount of individuals sitting in their isolated offices and browsing on their phones, taking power naps or just reading news articles... — read more
My petty revenge
I left a little over two years ago. Immediately got a new role in another industry doing similar work. I'm now at full retirement age. Have funds on hand for a couple of years before needing to tap retirement funds. When I left, dear WF hosed me on... — read more
RTO incentivize
I heard RTO requirement will be tied to our incentives. Is this true? If so, I am on waiver for RTO. Not sure how I will be affected. Maybe waving a percentage of bonus/incentive.
WFC stock already down 11% from the year-end dump in your 401K.
Wells Fargo is a company where the so-called benefit of a “company match” consistently disadvantages their employees. Wells Fargo is always about the smoke and mirrors, never just straight-forward honesty and transparency. They are... — read more
Earth Month
How laughable, it shows how tone deaf our leadership is. Weak men create hard times. Hey id--ts, the biggest impact you can do for the environment is to allow more people to work from home. That idea never seems to hit their heads. Also stop... — read more
RTO
Is anyone else being dragged back to their office? I don’t understand why my team now has to do this when we’ve proven to be successful and profitable without the cubicle and 1970s corded phone for at least 3 years now. I’m distraught… — read more
The ‘tech’ support at this company is a joke
So apparently no one on the tech support side actually has any tech knowledge. Every time I chat with “IT” I just want to bang my head against the wall
RTO rules?
Please summarize
What is the incentive to stay at WF and do your very best?
Sadly the worst thing WF can do for a team member is keep them on the payroll. We are all operating at a minimal pulse rate. Yes it is stressful to get let go unexpectedly, but more often than not it opens doors, it creates opportunities. In tech I... — read more
What's the point of managers in an agile environment
If you're an individual contributor on an agile team, pretty much everything you need is handled within that team. Your manager is just a name on an org chart that you rarely speak with because there's nothing to talk about. So why is the manager... — read more
Commercial Banking Layoffs, Offshoring
Commercial Banking has forced some employees out last month after offshoring underwriting, support, etc. to India. Commercial Banking will be laying off soon.
Question for those who have left?
I see a lot of posts (not sure how many are real or trolls) about people leaving, not missing it, being way more satisfied, and/or higher paid after leaving. Would anyone who has experienced that care to share where you work that is better for you... — read more
Wells Fargo will be operated entirely by robots someday
I wish scientists would hurry up on robotics so that robots can replace literally all of us. Every job throughout all society will be performed by robots someday. Robots will be incredibly productive. They can repair each other, they have no... — read more
3.7 Score = Wells Fargo's Score at Glassdoor
Do you think that our GlassDoor rating reflects reality? Wells has an average score of 3.7 on a scale 1 to 5 with 5 being an Excellent Employer. About 41,000 people voted so far. Chase's score is 3.8, BOFA is 4, US Bank is at 3.7 just like us... — read more
Future Mortgage Layoffs
What dates, positions, and numbers are we looking to see with upcoming mortgage layoffs?
Read elsewhere: perception
“1/2 the post on this board substantiate the general perception. All the nyuckity nyuck nyuck comments show the maturity and mentality of what to expect from WF.”- -truth
RTO Stories.....tell us some good ones if your manager has had to approach you about compliance
Proud to be the first RTO poser for the week. Viva la resistance!
Cut and Run... Some days your glad you got laid off
Summary: Wells Fargo has announced the closure of its branch in the central business district of Chester, Pennsylvania. TD Bank will become the only bank or credit union with a retail location in the city. Also left are four check cashing stores... — read more
It isn't municipal finance we need to get smarter about Chuck
It's who our leaders are.
Layoff dates for control org
Will be 4/18 and 5/2.
More cuts this week
There was talk about more cuts at the start of April a few weeks ago, what happened to that?
Perception
I’m not a WF employee but am in the finance sector. When you mention Wells Fargo two things come to mind. ) WF being constantly fined for constant unethical practices. ) WF exec urinating on someone on a plane. If I was a company would I pick... — read more
AI on Wells Fargo's future
Wells Fargo has long been known for its low turnover rates, particularly in mid and mid-high management positions. However, the company's management style of "let's be nice" is undergoing a significant shift. The new management is shaking things up... — read more
Which Midwest city will Wells exit first?
We all know that the east coast execs perceive the Midwest as being hopelessly folksy and unsophisticated. As such, they'll probably start relocating work to the east coast and states with palm trees for the perceived boost in image. Which Midwest... — read more
Just look at all the miserable WF employees on here!
Yeah, sounds like a great place to work?!?
Just stopping by..
Every now and then I check this board to affirm why I left Wells. Yeah, I see they are still winning friends and influencing people! Lmao. Good luck to you. Glad I'm out.
RCSA team members doomed
The plan for RCSA team members is to let them go when their service is over. They are being overworked, only to be led to sla-ghter in the end. I feel so sorry for those who had no choice to be assigned to RCSA.
What happened to CK in control?
I am seeing posts that he is long at the firm.
Staffing cuts and drive up tellers closing
Most branches notified that fte and sfte were cut. More Saturdays to be eliminated and drive up teller closures. No immediate terminations, but you know if attrition doesn't work, we will all get that call telling us we will displace a teller and... — read more
I suspect Wells Fargo leaders have been trained in Coercive Control
Coercive Control is a pattern of behaviors intended to exploit or dominate people. The intent is to gain and maintain power. Signs of Coercive Control: Unreasonable demands, followed by threats (layoffs) and pressure Financial control .. — read more
Perhaps we weren't "agile" enough....
When I received the news of my layoff a few months ago, I was taken aback. My reviews were exceeds and meets. Today I see the job that I have posted on the job site. There are additional requirements: 3+ years working with JIRA, writing EPICs and... — read more
RCSA is taking a toll on my mental health
RCSA is impacting my mental health and honestly I am not in a good place. The trauma and abuse that I receives daily from my facility leads and the head of the understudy program is really impacting my daily life. I have heard of people taking a... — read more
Mary Mack
How Mary Mack gets almost 50% pay increase year over year is beyond me. Consumer is a disaster.
All day every day....triage email traffic that amounts to complete confusion and requests for analysis that won't serve any purpose whatsoever
When you try to get clarity/context, the requesting party often has no idea what they want. They are just as confused as you are. Usually, the topic stems from a question/concern raised from the c-suite or just below about something and they want... — read more
Badge swipe rules?
Any building or only assigned building? Duration in office?
when are the large cuts in Iowa and Minnesota going to happen?
Are they going to do a pull the bandaid and be done or a series of little cuts until they bleed out?
Just stop with the RTO whining
It’s not going away because you complain about it on an anonymous layoff forum. It’s just not going away. It makes zero sense for so many of us, has negative environmental impacts, causes us to have more personal expenses, exposes us to disease... — read more
Wells Fargo to pay $97 mln for sanctions compliance failures
March 30 (Reuters) - Wells Fargo & Co (WFC.N) will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria and Sudan, federal authorities said on... — read more