Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

When in doubt, reorg

https://www.businessinsider.com/wells-fargo-tech-strategy-reorganization-product-development-2022-12 "The heritage of Wells Fargo has been very fragmented. It was very product focused, region focused. Every location was itself. It was an, '80... — read more 

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| 1690 views | | 5 replies (last January 13, 2023)
Post ID: @OP+1kE8cRGE

Candidate withdrew

Why does job application status show “ candidate withdrew” which candidate did not withdrew, asked HR help, they said HR does not withdrew for applicants, not sure what happened. Anything to do with hiring freeze or this position was terminated?

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| 1290 views | | 6 replies (last January 15, 2023)
Post ID: @OP+1kEel9FS

Wells Fargo on a branch closing spree again

https://journalnow.com/business/local/wells-fargo-branch-closing-initiative-continues-with-10-more-nationwide/article_31aafb8c-7d7a-11ed-9a04-dba425658561.html Banks do this when earnings are in trouble...

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| 1040 views | | 5 replies (last January 12, 2023)
Post ID: @OP+1kEwijSM

Ex-wells fargo workers advance COBRA lawsuit

https://news.bloomberglaw.com/health-law-and-business/ex-wells-fargo-workers-advance-lawsuit-over-cobra-notice-threats Bank defended notice language as clear, accurate Plaintiffs recently dropped other challenges to notice Wells Fargo & Co. must... — read more 

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| 1180 views | | 3 replies (last January 13, 2023)
Post ID: @OP+1kEQb32h

I used to like Saul

I used to like Saul. but honestly as I keep watching his AMAs I realize he is a master doubletalker. I rarely get anything of value from him anymore.

Wells lying about technology layoffs

So far Wells in pretending there will be no mortgage technology layoffs. They refuse to use the word layoff. Instead they imply they will just move people to other open jobs. Don't believe them. They know that is not true. Everyone knows you... — read more 

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| 1730 views | | 6 replies (last January 13, 2023)
Post ID: @OP+1kEZq31R

WF future in question

This very well may be the time that yet another “too big to fail” company goes under. This whole board it post after post of pending lawsuit examples against WF. All on busted, broken and illegal home loans, union busting, mismanagement of employees... — read more 

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| 1420 views | | 8 replies (last January 17, 2023)
Post ID: @OP+1kELd27r

2 week notice period

If you find a position at another bank and give your 2 weeks notice, does Wells let you actually finish out that notice period now? It used to be that if you were going to a competitor, you were dismissed immediately, but that doesn't seem to be an... — read more 

Layoffs?

I was wondering if anyone had any info about what types of jobs would be first in the layoffs? Based in Minneapolis

RTO fyi

The new reporting will track IP Addresses as well as badge swipes…hmm…

Wells Fargo to Exit Correspondent Business

Per https://www.thetruthaboutmortgage.com/wells-fargo-to-exit-correspondent-lending-shrink-mortgage-business/. Humm... I thought Charlie was going to have Wells become a "technical company" and compete against Rocket and UWM. I guess there is... — read more 

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| 2170 views | | 5 replies (last January 12, 2023)
Post ID: @OP+1kD3cLD8

WF Mortgage Layoffs

Do we know how many are slotted to be laid off and what the layoff schedule will be over the next few months?

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| 2990 views | | 7 replies (last January 11, 2023)
Post ID: @OP+1kDTgJEU

Friday will be brutal

WF releases quarterly earnings Friday. If you look they were expecting $1.20 or more earnings per share 30 days ago. That dropped like a rock recently to about $0.60 per share. Analysts are expecting massive layoffs and associated reserves for... — read more 

Retiring vs 401k match?

I plan to retire around mid-year. Does anyone know if WF will do the 401k match in this situation. I'm torn between "retiring" and just "quitting". Thanks.

Wells Fargo is circling the drain

A bunch of corrupt execs drove this company in the ground. Not Elizabeth Warren. It was always the ever-criming, entitled, deceitful b@st@rds at the top.

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| 1500 views | | 8 replies (last January 12, 2023)
Post ID: @OP+1kDe44eL

Internal promotion

If your manager told you will get promotion for next level position after year end review, how much is it true cause I have only been with WF for a little over one year.

Raises

It is getting close to the middle of Jan. When will we find out what our raise will be? Not interested in when it goes into effect just want to know what it will be.

RTO Reporting - Hours in Office

Does anyone know if RTO reporting will include number of hours worked in the office? If so, is that something that will be a factor, or is the primary focus just on getting people in 3 days a week?

CIB Operational Risk Team

Does anyone have any intel on this team? I have heard that this team is relatively new (approx 70 people) and they are looking to grow. However, based on my internal research it seems like this team is staffed up heavily to help with the RCSA effort... — read more 

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| 1750 views | | 7 replies (last January 11, 2023)
Post ID: @OP+1kC0SC50

It's happening all over the place

Now Disney is requiring its employees to return to the office four days a week. It's only a matter of time before we're required to be back five days a week. One by one, companies are pushing RTO on their employees despite overwhelming proof that WFH... — read more 

Should I have stayed?

I quit in October after finally finding a new job. It pays better but I’m wondering if I should have forgiven my boss for screwing me with an “inconsistently meets” and then admitting she had no choice per HER boss. Should I have stayed and worked... — read more 

This board…..this bank……wow.

I’ve compared this WF board vs. other banks, this is the worst. No doubt. Foul mouthed, malicious ill will, poor attitude, mismanaged both company and personnel. This company and its people has a long way to go to both grow and mature. Maybe in... — read more 

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| 1410 views | | 8 replies (last January 11, 2023)
Post ID: @OP+1kClOlpF

RTO Don't ask Don't tell

wrt RTO My manager has been Don't ask Don't tell . Will managers now have their hand forced to come down on non-compliance? Will offenders get a warning shot (corrective action) and an opportunity to comply? I want to sense how far I can push the... — read more 

Bonus Targets, Thing of the past?

I know bonus targets aren’t supposed to be used anymore; even so does anyone know if this year’s bonuses will be relative to what they were in the past? I know bonus was a factor for many of us when we accepted our roles.

Negotiating bonus and raise? Is it possible?

So one on one meetings are occurring within the next few weeks, has a team member ever been successful in requesting a larger bonus and/or higher raise? Or once it’s done it’s done, just accept and move on?

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| 1540 views | | 6 replies (last January 11, 2023)
Post ID: @OP+1kBWBf49

Big Banks Don't Care If You Drop Dead

Why are you committed?! Goldman, Wells, BoA, etc. All manage by the quarter. Short term profits over principles and people. They will ax you in a NY minute and have no commitment to people. So don't be committed. These are money grubbing Enterprises. — read more 

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| 1000 views | | 3 replies (last January 11, 2023)
Post ID: @OP+1kBIsdcq

Return to office

You go to the gym, your kids go to school. Last week, you seem that new movie at a movie theater. A few weeks ago you were out shopping in a crowd, maskless, for gifts... So why in the he-l can't you return to the office?? Keep complaining and maybe... — read more 

California Pay Salary

Where in workday can you find the salaries that were to be posted for people working in California?

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| 1220 views | | 6 replies (last January 10, 2023)
Post ID: @OP+1kB3gTHE

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