Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Didn't RTO a single day this week! Too F Cold!

I know RTO posts are so rare that I thought I'd bring it up again. :) Kids are on xmas break. It's blizzarding and -50 degree windchill. Office is 25 miles away and I guarantee it's near 100% vacant this week anyway.....so I didn't go in at all... — read more 

Lizard Wins, Shareholders should demand a sell off

Think of the unlocked potential if they simply cut 230,000 headcount, got rid of the political $4 billion dollar bribes to the like of Lizard and her unregulated CFPB SS Deep State, stop paying Charlie and friends hundreds of millions, got rid 20... — read more 

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| 1200 views | | 3 replies (last December 24, 2022)
Post ID: @OP+1kk4Kha3

Is fully remote work putting us at risk?

I hate even the idea of RTO after I've had a prolonged taste of WFH. I have made a few appearances at the office since hybrid was instituted but I stopped when I saw I was one of the rare to even bother. I do sometimes worry if doing my job fully... — read more 

Do People on long leave during December get 401k

Hi People who go on extended leave get 401k match.? Say.. A goes on approved unpaid leave for 3 months (including December). does A get 401k match on Dec .? Thank you in advance.

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| 1280 views | | 4 replies (last December 27, 2022)
Post ID: @OP+1kjElmpx

RTO: Attendance and Monitoring Question

How will Wells Fargo monitor and report our attendance to leadership. Who works in the department assigned to monitoring RTO? How will it work? How often will they report our attendance? If we do not go into office will they immediately terminate... — read more 

Job posting compensation range

Is the salary range on job postings base salary or total compensation? The salary range already has over 150,000 dollar difference so hard to tell if it’s included or not. Thank you. (I know this was asked in past my apologies for not finding it but... — read more 

How many layoffs equals $3.7B?

I don't doubt for a second that one of the ways to make up for the losses will be through layoffs and forced attrition (dumping too much work on people to see them quit). The only question is when it will start and how bad it will get. We are looking... — read more 

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| 1810 views | | 7 replies (last December 23, 2022)
Post ID: @OP+1kj7UaF8

Are they still giving out VP / SVP

I know they are meaningless titles but they are giving it to new hires as part of their hiring. I remember year ago they just said they would address it in the future but never saw anything

If leadership really cared about the business….

About 7 years ago my wife’s company (Fortune 500, top 50) sold their real estate and terminated their commercial lease contracts and went 100% work from home, and since, they now get more production and lower turnover than they did with offices. It... — read more 

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| 1430 views | | 6 replies (last December 22, 2022)
Post ID: @OP+1kjSGsc3

400 Bad Request

Alright tech people - what’s going on here? Do any of you work or do you just whine constantly about RTO? It is absolutely insane I keep getting this error when trying to do anything in branch portal and I am sick of wasting time having to... — read more 

Kristy dancing the holidays away...poor taste

Does anyone else agree with me that the head of home lending making light of the holidays when this year has been so brutal to the mortgage industry and as just last week proves how many of our fellow team members lost their jobs this year? The rest... — read more 

Punished for being competent

My responsibilities keep increasing because I’m one of the only ones left who knows how to do the job well due to layoffs/high turnover/offshoring but I’m not getting anything in return. Bonuses in our group keep getting reduced and my promotion... — read more 

Discretionary contribution to 401k

I read that Wells may give a discretionary contribution to your 401k up to 4% if you make less thank $150k. Has anyone received this discretionary contribution? If so, what % did you receive and when did it pay out?

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| 2210 views | | 7 replies (last December 22, 2022)
Post ID: @OP+1kiBKokQ

Consumer Technology

I guess all that globetrotting and cheerleading for Saul by TK , she forgot to take care of the Consumer Technology that helped lead to the $3.7B fine. That’s some big ole Boomerang. Need to do some house cleaning in Consumer Technology . WF just... — read more 

same info

just reviewed the BofA layoff site. Same complaints. So if you think grass is greener, good luck

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| 1670 views | | 8 replies (last December 22, 2022)
Post ID: @OP+1khlFW5e

San Leandro,CA location

Does anyone go into this office? Want to know if I will see some faces if I go there or will it be the same like many other locations.

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| 1220 views | | 4 replies (last December 21, 2022)
Post ID: @OP+1khD6mEc

Zoom out, pay attention

CS took this job knowing it was going to take time to clean up the org. Fines were inevitable, it was just a matter of time. The board expected this, not a reflection of Charlie. Wake up

Just another few billion in fines..

There goes another $3.7 Billion to CFPB. I thought all the know it all hot shots Chuckie was hiring from JPM would get it all turned around!?? I feel duped. Shareholders getting hosed. Why they don't just close the bank down by now is beyond me... — read more 

How long before 99% of branches are closed?

A few will remain as relics of the past, but within five to ten years, the overwhelming majority of Wells Fargo branches will be closed. There is simply no point to them anymore. The people who are using them are short for this world. Nobody younger... — read more 

EngIn

Who has details on the complete failure EngIn has turned out to be? It seems like every time WF has a big initiative that is going to solve our problems and make work easier and make us more efficient it ends up being a ruse.

Just doing the bare minimum

I’ve found that working hard here absolutely doesn’t pay off anymore. Bonus targets always seem to be cut, promotions are almost impossible to come by, and raises don’t even keep up with the rate of inflation. I was always a high performer and got... — read more 

I'd be okay with RTO if they gave me a pay raise

It's really that simple for me. Pay me for the extra hours I'll be wasting in commute, pay me for the gas, pay me for other unnecessary expenses I'll be having, and I'll be happy to return to the office. And don't tell me I am already paid for that... — read more 

REVs Clown Hall

Are we expecting any real info? Answers to tough questions? NAH. Happy holidays and good cheer. Pink slips, well other that Mrs Lincoln, how was the play?

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| 1460 views | | 4 replies (last December 19, 2022)
Post ID: @OP+1kg896H6

Retaliation as part of Wells Fargo culture?

I have seen a few posts about made up ratings by managers who are forced to fill a quota of poor ratings and that HR is only there to serve managers and not employees. Does Wells Fargo have a retaliation problem. Are you called out as problem... — read more 

RTO -Assigned to a local branch

I noticed few members on my broader team assigned to a local branch inspite of multiple office location in the 40 mile vicinity. Can you actually go into a branch and work form there? I don't want to do a 1hr commune to my office location when there... — read more 

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| 2490 views | | 9 replies (last December 19, 2022)
Post ID: @OP+1ke0ZV1W

SVB giving out WFH exceptions like candy

I keep hearing about all the exceptions to RTO. A colleague said SVB is giving out WFH arrangements like candy. He's worried it will be difficult to recruit, otherwise. All the exceptions are infuriating. Back office workers should all be treated... — read more 

I like to point out the facts occasionally….

Charlie joined WFC on October 21, 2019 Wells Fargo stock price on Oct 21, 2019 = 50.50 Wells Fargo stock price today = 41.19 🔻 DJIA on Oct, 21, 2019 = 26,747 DJIA today = 32,920 📈 The results after 3 years of Charlie as CEO: The DJIA is... — read more 

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| 1930 views | | 6 replies (last December 19, 2022)
Post ID: @OP+1keUeOGg

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