Since this week ‘s announcement, has WF stopped taking new mortgage applications? When will we see things really slow down?
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
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?
Wells Fargo sued for forced arbitration clauses in contracts then delaying tactics
https://www.prnewswire.com/news-releases/national-financial-litigation-firm-bringing-lawsuit-against-wells-fargo-301704415.html ONTARIO, Calif., Dec. 15, 2022 /PRNewswire/ -- McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC... — read more
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...
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
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
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
Wells fargo accused of Union Busting
https://www.cbsnews.com/news/wells-fargo-union-busting-organizing-drive-unfair-labor-practice/
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
Thousands of mortgage consultants suing the bank being forced to work off the clock
https://www.law360.com/employment-authority/articles/1564731/wells-fargo-workers-tell-3rd-circ-to-hold-off-wage-decision
F.A.A. Outage Highlights Fragility of the Aviation System
…..The F.A.A. has struggled to quickly update systems and processes, many of which were put in place decades ago, to keep up with technological advancements …. *Come on. Y’all know Wells Fargo’s day of reckoning is coming after years of... — read more
Year End performance Reviews
Started today(1/11/23) Any one exceeds?
WFC regulatory run ins spart pro-union push
https://www.advisorhub.com/wells-fargos-regulatory-run-ins-rouse-pro-union-advocates-including-wealth-employees/
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
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?
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.
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market.
Wells Fargo is stepping back from the multi-trillion dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now... — read more
Wells Fargo Announces Strategic Direction for Home Lending: A Smaller, Less Complex Business Focused on Bank Customers and Minority Communities
https://newsroom.wf.com/English/news-releases/news-release-details/2023/Wells-Fargo-Announces-Strategic-Direction-for-Home-Lending-A-Smaller-Less-Complex-Business-Focused-on-Bank-Customers-and-Minority-Communities/default.aspx Thoughts?
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.
Theres a new book on amazon aimed specifically at Wells Fargo
https://www.amazon.com/How-Housebreak-Your-Days-Revised/dp/0553382896 Its now required reading for HR offshoring staff.
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
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
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?
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
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?