Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Developers not fit for Software Testing

6 Reasons that Developers fail as Software Testers... Lack of end-to-end perspective. No experience as tester, no idea on how to find bugs or defects. Biased towards their code. Misunderstanding requirements, wrong approach and no... — read more 

Oct 10th is not a day off for everyone

Executives just below Charles in Charge will be in a zoomer to reaffirm who sends what to whom regarding the layoff notices coming down this week. But, yes, other than those half dozen, everyone is off on Oct 10th. Enjoy the day off, but it may be... — read more 

by
| 2230 views | | 6 replies (last October 10, 2022)
Post ID: @OP+1j8o8TOo

2022 Bonus

Is it possible to get more than your target bonus? Do you think this year’s bonuses will even hit the targets?

Drawing the line on being a team player.

There was a time when I was the only male on the team. I had no issues with my other teammates as they were fantastic individuals. We collaborated and accomplished quite a bit. The only time I did not collaborate is when they all flew into town, then... — read more 

CONFIRMED: Base Raise 5% This Year

Heard this through the grapevine today that the typical raise across the company will be 5% this year (historically 2%). HR will hate that I revealed this, but it sounds like Bei Ling fought pretty hard for this and won a huge battle for all of us... — read more 

Still being lured like fish

It has not stopped and I guess it won't. It is damn near every week now that some "team building" or worst case "volunteer" event arises on our calendar. Why don't they just say they want all of us in the office NOW. We never had so much going on... — read more 

More layoffs in Iowa.. where's my post?

I posted earlier that there are another 36 layoffs coming in Iowa with a layoff date of 12-31-22, per Iowa Workforce development. I don't see my post anywhere. With a layoff date of 12/31 and given WF is giving 60 day non-working notices, that would... — read more 

Third quarter earnings report is next week

The results will be announced next Friday. I'm sure Charlie will find a way to twist the numbers - whether they turn out to be good or bad - to justify more layoffs as soon as possible. It wouldn't be the first time and it won't be the last time he... — read more 

Back office Inefficiencies?

Please comment with your opinions. In WF, I’ve been a part of several teams where I have been required to find my own tools, request my own access, find my own support in order to do my job. In my opinion, I think this is very insane and inefficient... — read more 

Branch Layoffs

I heard that in Q1, things will revert back to Wachovia’s branch model. One Licensed Banker and one service banker that will also be a trained teller. Why is this not being discussed in important calls or podcast? If you are going to lay me off just... — read more 

by
| 1490 views | | 7 replies (last October 10, 2022)
Post ID: @OP+1j5g4qAz

Researching other company cultures

I am looking external after spending my entire career at this sinking ship. What is the best way to get honest insight on the culture at other companies? (Assuming I do not know anyone who works/worked there)

How many remote?

How many remote ppl do you have on your immediate team. We have 2 and just curious how common it is. (I am not complaining, just simply curious. Kudos to them for doing what they need)

3 years trending downwards.

When Scharf was hired WFC closed at $50.71. Even adjusted for splits/dividends/distributions it was $46.85. Now, just over 3 years later, WFC closed at $42.24. Our dividend is half of what it was when he started. Why is WF paying this man... — read more 

September Jobless Claims Jump

Things are starting to melt. It'll be an ugly Q4, probably even worse Q1. Things will not start to clear before Q3.

Last Week

There were layoffs in Charlotte within Wells Fargo Corporate & Investment Banking (CIB) and Wells Fargo Securities (WFS)... I just want to make sure it's documented here.

If you survived a layoff consider this article

Workers who survived job cuts say they felt overworked and anxious in the aftermath: 'You're dispensable.' Surviving a round of job cuts can be a tough experience, layoff survivers say. Employees who were kept on told Insider they felt anxious... — read more 

Wells Fargo faces 401(k) lawsuit

Plaintiffs seek class certification in an Employee Retirement Income Security Act lawsuit, asserting seven separate counts against Wells Fargo, GreatBanc Trust Co., and former Wells Fargo CEO Tim Sloan for breaches of fiduciary duty and engaging in... — read more 

How many hours are you in the office?

For ppl who are in the office, how long are you in the office for? Are you required to stay there for 8 hours or can you leave during lunch and log back on? Does your mgr say anything?

What’s up with the people in Charlotte

I’m new here. I notice they have thousands of people in Charlotte who don’t have any skills other than setting up meetings and asking others to make a decision for them. They seem to hire dozens of other worthless headcount based there and make... — read more 

50% of CEOs Consider Layoffs in Next 6 Months

50% of CEOs Consider Layoffs in Next 6 Months https://www.marketwatch.com/story/more-than-half-of-ceos-consider-workforce-reductions-over-the-next-6-months-and-remote-workers-may-be-the-first-go-to-11664907913

Severance

Got my lovely package today, folks. A paycheck for every year I gave them. Woohoo! Just kidding, it was a daydream. I’m sitting in my rotting cubicle now lel

Hired remote now placed in harm

my wife was hired as a remote worker and now has to walk around piles of vomit and sh-t on her way from the parking garage to an uptown building. no violence better come of her from the homeless vagrants, illegals, and dr-g addicts. This is a... — read more 

Which is the least sh---y bank to work for?

Seriously I’d like to get out of this hellhole… I’ve been told to avoid Citi like the plague. Which bank is actually decent to work for or is it best to completely get out of this industry?

Leaked Wells Fargo documents reveal the script its advisors are using to prevent downgraded private banking clients from jumping ship

Wells Fargo is moving tens of thousands of client accounts out of its esteemed private bank. Clients with under $5 million are being moved to accounts with minimum balance requirements. It's the latest step in a wider reorganization that has... — read more 

What’s the average turnaround?

I’ve been applying for a new role as my current one is a disaster. I haven’t heard anything back from the HR recruiter. I saw a few posts saying HR is slammed and running behind. Is this true? If so, about how long does it take for a recruiter to... — read more 

How are some of you getting away with quiet quitting?

I see more talk about quit quitting but the fact is I'd be fired the second I tried to pull something like that. I can't imagine being given a task that's urgent and just stopping work when my hours are up until tomorrow. How would you even begin to... — read more 

Stack Ranking is real

I have been a part of it and each team has to have X number of employees not meeting expectations. These are the people getting laid off first. Now they are going to make sure all personal information is gone from the system or else (after we all had... — read more 

Buckle up...

"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... — read more 

by
| 1460 views | | 4 replies (last October 4, 2022)
Post ID: @OP+1j2F2WGw

Start a new thread - post a news comment, question or message:

: