Any way district managers will know raise information before the 25th?
I find it problematic/hilarious that Wells Fargo doesn’t really want to focus on loans anymore.
In my 6th grader’s homework this evening was the question, Question: What is a bank’s primary function? Answer: Their primary role is to take in funds—called deposits—from those with money, pool them, and lend them to those who need... — read more
Anyone had issues with RTO tracking not even being accurate
I was told I was showing up on their list of noncompliant on days when I was in the office…so am I going to have to start taking picture evidence? Oh and our team was told we could work at home due to the severe weather in SF but then questioned why... — read more
I realized you people are the low performers
The nonsense I read on here as a WF manager is hilarious. You people simply have no clue. Then when I write something accurate it gets down voted. Seriously, you all need to get a grip.
Good luck guys.
I work at another bank. Sorry to see WF get hit so hard with a 9K layoff goal. Hate to see you guys go through this. Good luck to you all.
Why are reviews so secretive and last minute?
I can't see my year end review in Workday. Isn't the deadline a couple days? Why is it only made available to me minutes before the review meeting? I don't understand why I can't at least read it more than an hour in advance of the formal... — read more
Quiet before the storm…
I can literally hear a pin drop after the earnings report. No one wants to be in the office today in Dallas. Death by a thousand cuts (9000 to be exact). Sooner? Later? When does the party start?🥳
Is it possible to negotiate a severance package?
I'm asking about those of us who've been here for over a decade at least. I know in some other companies it is possible, but I've never heard of anything similar being done at Wells Fargo. I know the company has no incentive to do that, but it... — read more
CIB earnings - impact on layoffs
If you have been an employee within the CIB group, specifically the markets group - you keep hearing from management on how they have plans to grow this business. However, over the past two years almost every quarter, the revenue of both the key... — read more
Focusing mortgages on "homebuyers in minority communities"
Will focusing mortgages on "homebuyers in minority communities" going to cause another lawsuit? I thought that this was unfair treatment or something based off those stupid annual classes that we are forced to complete.
Wells Fargo cheats their customers every day in every way. Who isn’t getting cheated, you ask? Charlie, The C- Suite and the BOD.
Wells Fargo takes advantage of their customers, their employees, and their shareholders. They aren’t embarrassed by it. They short-change people regularly and right out in the open for all to see. They prey on you for being too busy, too distracted... — read more
401K matching -- a Call option?
To current employees at Wells Fargo. You should consider the 401K matching "benefit" as a long-term call option. The 401K you put in this year will only get matched at the beginning of next year. The risk is that you don't get laid off by Jan... — read more
The only good from Wachovia
Was observing the MLK holiday.
Wells Fargo HMC
There have been so many lay offs to Mortgage department from, HMCS, HLPS, Underwriters and so forth. As an HMC/consumer direct mortgage whatever they call it, you are not making a whole lot since we are commissioned based. As it is right now WF... — read more
Home lending recent hires
Home lending has a lot of recent hires due to rto attrition in non front line positions e.g servicing, risk etc. does this mean most of these people will be let go in the next 6 months? Why didn’t they freeze hiring earlier if they knew the plan... — read more
Fewer employees mean bad bosses have fewer employees to target
I tire of a bad manager, but they will retaliate if anyone says anything. The online forms are not anonymous and the bad manager is protected by their manager. What's the mac address for the HR anti-harassment team?
Jobs added at BAC CIT and JPM, but cut at WFC.
https://www.marketwatch.com/story/jobs-added-at-bank-of-america-citi-and-jpmorgan-but-cut-at-wells-fargo-11673633735?siteid=yhoof2 Charlie is such a pa--y. His only skill is to cut, reduce, sell, shrink, destroy, retreat, settle, stop, offshore... — read more
Year end review
How good is the compensation change from senior to Lead engineer? Can you tell from the year end review if promotion is about to happen?what difference is there b/n exceed and meet ?
Layoffs next week
keep your eyes peeled for that impromptu meeting next week. I'm hoping for some kind of email - followed by access cut - followed by a conference call. I'm excited. I've never been through a WF layoff.
Send in that feedback
Doubt it'll happen since the WF BOD is clueless, but if enough shareholders chime in and get the media involved, you never know. https://www.cnn.com/2023/01/13/tech/tim-cook-apple-pay-cut/index.html
Stock buybacks, but no meaningful raise.
Q4 financial results call indicates that they’ll begin stock buybacks in Q1. I’ve read on here they’re doing 3% for an exceeds rating, meaning everyone is making less… unless, of course, you get paid mostly in shares.
It's not just Wells Fargo... Starbucks (and others) requiring RTO
https://www.cnn.com/2023/01/12/business/starbucks-workers-return
Earnings call starts in 90 mins - heres your bingo words for today
Here is the link - this one im sure we get to find out how many of us get cut this round cause these bozos couldnt run an elevator to save their life https://metroconnectionsevents.com/wf4qearnings0123 Attrition Mistake Compared Impacted P ... — read more
"Supporting our communities"
What's happening, Charlie, is that as the bank pulls out of small markets and focuses only on hubs, employees and branches are increasingly only in hubs. We're no longer supporting communities; we're supporting metros.
Auto Loans?
How much longer do you think that Auto Finance has before it’s stripped down, sold, or shuttered all together? We exited the direct lending arena a while ago and now only lend via the finance offices at the dealerships in our network. With supply... — read more
….and down the deadbeat stock goes on earnings report
Owning Wells Fargo stock is a losing proposition. Being a customer of Wells Fargo is a losing proposition. Trusting Wells Fargo’s CEO and BOD is a losing proposition.. Attempting to reign in WellsFargo’s greed, fraud and mismanagement is a losing... — read more
4th Q earnings - Yikes
And the numbers are in, EPS down 51% YOY! ROE cut in half! Pathetic Spin it Chuck, but we made more money on rising interest rates! And hey look the other big banks are sucking wind too! We should feel so much better, at least we don't have any... — read more
Meets is the new Exceeds on performance review
New to WF and was told by manager that their manager says getting a "meets" on your performance review is the equivalent of getting an "exceeds". I don't believe it, sounds like BS, but want to hear from others who have been at WF longer.
Count how many apply to this place - how to destroy employee morale
https://www.americanexpress.com/en-us/business/trends-and-insights/articles/9-surefire-ways-to-destroy-employee-morale/ 9 Surefire Ways To Destroy Employee Morale Not accepting responsibility for mistakes. ... Calling employees out in... — read more
How many cuts this time?
1000? 5000? 10000? 30000? Nothing says fail like cutting the very employees who dedicated their time keeping the wheels on this train wreck.
Tomorrow is the big day.
Charlie has his chainsaw ready to go.
The poet is right - why is the "NEW" Wells Fargo so anti-American Employee?
Who wronged Scharf so badly that he wants to fire every American in sight? He did the same exact thing at BONY. Who wronged you so badly Mr. Scharf?
Retirement age
Could not find any information on workday, does company have any requirements on when you should retire or you can work as long as you want, the reason is I saw so many employees looks like in their 70s. No age discrimination or anything just want to... — read more
Wells Fargo will now only offer home loans to existing customers and families from minority communities.
Interesting that Wells is purposely narrowing it’s business down to the two groups it consistently has had the most success in ripping off through the years, it’s own customers and minorities.
Do you qualify for annual raise if you joined department in February/March?
Being told that since I started in February/March in my department I don’t qualify for an annual merit raise. Seems far fetched to me, any truth to this?
These poems are hilarious
Rhyme / beat a little off, but the punches that land hit hard Thank you OP who ever is posting this
Don't understand the logic of asking us to come two-to-three days per week
Instead of two-to-three days per week, simply say two days or three days. Who has to remember one week two days and other week three days. And another logicless expectation is employees part of agile need not come to office. Why?
When does the bloodbath start?
The week of MLK? The week after?
How soon will mortgage apps decline?
Since this week ‘s announcement, has WF stopped taking new mortgage applications? When will we see things really slow down?