If you have FSA (flexible spending account) and an HRA (health reimbursement account), late last year WF changed policy that prevents anyone from using any FSA funds until the HRA is completely depleted. HRA has zero expiration and Carrie’s from... — read more
Bye!!!!
Well, there it is. Confidential meeting in 30 minutes. Fu-k this place.
One year in- the majority of work emails go unanswered
I've noticed the majority of people just don't respond to emails. They don't respond to skype im or teams...It just appears to me if you send an email to two people they will just ignore it and think the other will answer...because some people will... — read more
Not every change in schedule means layoffs
I can understand why people are paranoid but you're not doing yourselves any favors by getting worked up over every little change or boss' mood alteration or whatever else. You'll drive yourself crazy if you start stressing every time something like... — read more
What’s with the hate here for DEI?
I see at least one person complain about DEI in every single post. I don’t understand why. I’m white and it is something that I see as being important. Illuminate me on why it’s such a bad idea.
WFA re-org?
It seems much of the bank is undergoing serious reorganization, is this coming to WFA? They continue to add staff and are not undergoing the same transformations
Layoffs this week? Leadership calls for this week have been cancelled and management acting weird… this is happening in processing and sales
Processing and sales in home lending….
LPL Financial Lands $1.45 Billion Team from Wells Fargo -- Barrons.com Yet another Tech fail
LPL Financial Lands $1.45 Billion Team from Wells Fargo -- Barrons.com By Andrew Welsch LPL Financial recruited a group of Wells Fargo advisors who collectively oversaw $1.45 billion in advisory, brokerage, and retirement plan assets, the company... — read more
Don’t take RTO too seriously
Situation in my hub: It’s 2:30 and the 3 people here are long gone. The people who come in early start leaving at noon and the ones who stay later come in around 11. I also see people leave after an hour. Commute time= part of my working hours as... — read more
Will Wells ever hire back any of the HMCs/PMBs that were laid off?
Like the ones that had proven, consistent production? Now that the business is mostly remote, what does it matter if a banker in Pittsburgh whose office was closed reports to a BM in Philly? Maybe get rid of all the non-producing HMCs, consolidate... — read more
TPRM
Thoughts on TPRMO and TPO current state? Heard changes being made in IRM and the frontline including leaders. Truth?
ChatGPT
DIMON SAYS AI POTENTIAL IS 'STAGGERING'
Is Core ever going to be replaced?
I have been out for a while. When I left tech was working hard to replace Core -- but very slowly. There was a post on here speculating that Core could be replace with BKI Empower. ICE is trying to buy BKI and need to dump its loan origination... — read more
Sorry I missed Employee Appreciation Day, I was busy thanking the Indian workers
Am I the only one who thinks NH's email is in extremely poor taste... "Sorry I missed sending you all a worthless "keep working harder" email, cus I was busy in India thanking them personally? The C-Suite here are so removed from reality they don't... — read more
Any chance management layers will be thinned out next?
I keep hearing about layoffs and I keep hoping one of them is going to affect many of the useless management layers that we have but it never happens. It's always those who are doing the important work who get laid off, never the real fat. Do we need... — read more
It starts with practicing empathy
Mass layoffs. Using someone's livelihood to balance the books, right? It is so normal today that we do not even understand how broken and damaging it is not only to human beings but to business. We have literally created a culture which every single... — read more
AVP vs VP
Does the bonus structure differ? Even if they have the same title e.g. senior lead.
WDSM IS Homebase bldg sold
I know the plan is to consolidate to Jordan Creek eventually — but anyone else hear that Homebase is already sold?
Silvergate for sale!
Rumor has it that Wells is interested in buying the Crypto Bank. Silvergate down around 95 percent from all time high Good buy?
https://www.nbcsandiego.com/news/local/wells-fargo-banker-out-of-chula-vista-gets-prison-time-for-opening-fake-accounts-to-launder-mexican-dr-g-
This news is one week old, but what the what??? 3 years after the fake accounts scandal, one year after the Federal Asset Cap for lack of oversight…and we can’t figure out that one of our bankers is using Wells Fargo to open fake accounts to... — read more
Do you feel like you're always walking on eggshells at Wells?
Asking for a friend. There does not seem to be any commitment to employees. People constantly have to look over their shoulder, worry about layoffs, etc. Why be committed there if they aren't committed to you?! It is not way to run a company when... — read more
Branch Layoffs 2023
Will service managers be laid off? Like the position totally eliminated? Will any premier bankers be laid off? Will the teller and associate personal banker positions ever be consolidated into one? It’s mind boggling that they still... — read more
Finance/Treasury Lead Analysts
Does anyone know how much these roles pay for external hires?
No meeting Friday Mar 10
Yay or Nay?
At Wells Fargo, culture eats strategy for breakfast
Tell me this Peter Drucker quote doesn't apply perfectly to this place?
Today and Every day, we appreciate you
Receiving this email and accolade today has been heart warming for me. I truly believe the bank in headed in the right direction.
"Employee appreciation day"
I don't know what it is, but WF is spamming me with email about it. "If you appreciated me you would____"
We*ponizing RTO to drive layoffs in March while inequalities grow aka K. Santos Sells millions in stock
Layoffs are 100% happening the week of 3/21/23. FACT! Now it’s time for a quick rant: Sooo…. Now that our leadership has decided to We*ponize RTO and spend their days scrutinizing the RTO reports when they should be doing their jobs! Any employee... — read more
Agile teams need to RTO 1x/week
Just heard from my manager. No more 1x/month for agile teams. Tech.
Big Tech Layoffs Are Hitting Diversity and Inclusion Jobs Hard
Will banking follow likewise? https://www.bloomberg.com/news/articles/2023-01-24/tech-layoffs-are-hitting-diversity-and-inclusion-jobs-hard?leadSource=uverify%20wall
3/21 - Powell meeting
Well, with the company wide townhall from Scott Powell just announced on 3/21 which is set up to address "transformation" I assume that date is all but a certainty for the next big layoff date.
Wells is an outdated Dinosaur but so are most banks....
With as many risk and control issues and consent orders that Wells has, it needs all the good talent it can get, but it severely limits its talent pool by excluding candidates not in 3 to 5 hubs. It's ignorant AF. Many other banks have roles open... — read more
Follow the RTO Money
So many companies are pushing RTO and we all know in 2023 that it makes no sense. Unless you consider who owns the buildings our offices are in. Wall Street. Incestuous boards of directors, REIT's, investors. For most work, there is no need to... — read more
Who is responsible?
Husband can’t get the bank to release $500 left in a business account from when his partner died (he passed away about a year ago).The partner’s wife, the executor of the will, has attended meetings with Wells Fargo with him, more than once, and he... — read more
Is it just me…
Or does there seem to be an increase in people taking leaves? Most I am hearing about seem to be mental health related. Multiple members of my team at one time. You would think this would send a message….
Does anyone not really care if they get laid off?
I’m looking for a new job anyway. Might as well get something out of this shithole.