Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Layoff Drip Drip Drip...10,000 and counting

We are now into our second year of monthly layoffs, hundreds at a time. Wells Fargo has laid off over 10,000 employees over the last year. Is this to stay out of the media limelight? or what??

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| 2070 views | | 8 replies (last February 12, 2023)
Post ID: @OP+1l5P2aTc

Layoff after raise

Anyone here get a sizable merit increase (after years of getting 2% on average), only to be laid off a short time later?

What is the common theme at Wells Fargo?

In every instance where the bank got in trouble, whats always been there....what is the common issue? "Risk, Controls and Governance" The issues lately? Where Indian Wells Fargo executive unin8d on a innocent bystander? Or an executive r@ping a... — read more 

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| 1520 views | | 9 replies (last February 10, 2023)
Post ID: @OP+1l5BVVEC

Two Week Notice Questions

Should be putting in my two week notice soon, hopefully. How does this work? Will I lose my access that day or will I be allowed to work the 2 weeks? Does company have to pay 2 weeks legally?

Another day, another scandal - Wells Fargo agrees to pay $300M to settle shareholder lawsuit over auto insurance disclosures

https://www.foxbusiness.com/markets/wells-fargo-agrees-pay-300m-settle-shareholder-lawsuit-insurance-auto-loans Anyone got back of the napkin math of how many employees will be "displaced" to afford this fine? Wells Fargo has come to a $300 million... — read more 

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| 2390 views | | 9 replies (last February 10, 2023)
Post ID: @OP+1l5WGs58

Audit Reorg

Does anyone know the details of the upcoming audit reorganization? I heard audit senior managers were meeting to discuss details. Was anything decided?

Tuesday is the new Thursday

Got an invite for a required "Touch Base" with my manager this morning and was laid off! I'm in REVs and was told I'm one of 83 people being displaced today. Non-working notice, in NY will be paid for 90 days before severance kicks in, 2 weeks/yrs... — read more 

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| 5070 views | | 19 replies (last February 12, 2023)
Post ID: @OP+1l4r7xXj

6 hours in office rumor

True or not that you have to be in office 6 hours for it to count? It was not true for my old building but we did not have a swipe out. Now I’m thinking of moving to a different building closer to me but that building has a swipe out. Does that mean... — read more 

Fire Chuckles

https://www.businessinsider.com/fire-blame-ceo-tech-employee-layoffs-google-facebook-salesforce-amazon-2023-2 Other CEOs taking cuts in salary in the news within the last month, Chuckles is so generous, he is forgoing any raise this year (after a... — read more 

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| 1290 views | | 3 replies (last February 7, 2023)
Post ID: @OP+1l3qKp4q

Top 25 Banks to work for

Looking at these forums for BoA, JPM, and WF, why would anyone work for the top 3 by asset size? WF is the only one who didn't make top 25. https://www.businessbecause.com/news/mba-jobs/8548/best-banks-to-work-for

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| 1351 views | | 5 replies (last February 8, 2023)
Post ID: @OP+1l3WuyrD

Wells Fargo closing 11 branches

Wells Fargo & Co. has informed its federal regulator, the U.S. Office of the Comptroller of the Currency, of plans to close another 12 branches — though none in North... — read more 

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| 1760 views | | 2 replies (last February 7, 2023)
Post ID: @OP+1l3e7bZU

New rule proposed

Maximum $8 credit card late fees This would be great for customers!

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| 1250 views | | 9 replies (last February 7, 2023)
Post ID: @OP+1l3UXyDr

5 percent and stock shares

Anymore talk of this? I am in a tough financial situation and the 5 percent would be a huge help!

RTO and 1/2 Day of PTO?

Anyone have experience with this, especially in 2023? With a 3/2 schedule, if I take a full day of PTO, the PTO day counts as an in-office day, so I’m required to be in the office that week for 2 days and WFH 2 days. However, if I take a half day... — read more 

Does anyone know anything about the CR COE?

CR COE = Customer Remediation Center of Excellence I just started working in this department. It seems to be some kind of ECMO off shoot. The position seemed great so I took it. Now, I'm wondering how stable the job is. Just found out alot of... — read more 

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| 2400 views | | 9 replies (last February 7, 2023)
Post ID: @OP+1l2LU6uR

Nobody wants to work anymore

Everyone wants to work at home and get big bonuses and comp. and watch The View in between conference calls. Or then be on your DEI Committees that don't increase shareholder value or the stock price. Go Woke Go Broke.

Does anyone here actually follow any bank policies?

I am somewhat new to the bank and noticed that our team does not follow a bunch of polices that as written seem compulsory. Has anyone else noticed this? I sent a note to manager - he shrugged and said "this is just the way it's done" Do policies... — read more 

RTO Report

So if they are using (per the email) the monthly RTO report as part of my performance and attendance - they have to share the monthly report with each of us for documentation, right? Is it captured in Workday and if not, why not? So that way I can... — read more 

Back to Office Whiners

A little time in the office each week is good fir ya. Be a good sheep and quit whining. RTO or GTFO. Its not on your terms.

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| 1730 views | | 9 replies (last February 6, 2023)
Post ID: @OP+1l1S8odQ

What's up with Issues Management

I'm pretty new to the world of Issues Management, but it seems like the most over engeineered waste of time. I have never seen so much paperwork, chasing for approvals, reviews and other such nonsense in my life. Jesus Christ.

StL campus, end of building D?

Is there any truth to the rumor that all the WFA employees are being moved out of D? Seems odd, that building is more modern and better equipped than the others

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| 1430 views | | 9 replies (last February 4, 2023)
Post ID: @OP+1l0gKkqy

Bonus payout

For those that had been asking, today's paycheck includes your bonus payout if you were lucky enough to get one. Still not sure how some managers haven't had that discussion with their teams.

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| 930 views | | no replies yet
Post ID: @OP+1l01kCvx

Percentage of those who are returning to the office

Is there any way to know the percentage of employees who have been going to the office regularly? I'm still only going occasionally and I'd like to continue that but if the overwhelming majority is going, then I might have to suck it up and start... — read more 

WFB 2023 Illinois Layoffs

https://www.centralillinoisproud.com/news/local-news/major-job-cuts-planned-for-state-farm-wells-fargo-in-illionis/

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| 1500 views | | 4 replies (last February 3, 2023)
Post ID: @OP+1kZfCzTU

Many didn't receive RTO email

Not sure what's up, but many on my team didnt receive this week's email from C-suite about RTO expectations. HR, we know you watch this board, so please recheck your distribution and send. Never had this happen before with company-wide email.

Return to Office - January Report

All managers received the reports of employees who did not return to office for the month of January. Do whatever you want with that information

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