Is it me or does this place spend 95% of its time trying to made some gov't entity happy. Customers wonder why the focus isn't on better customer service etc... it's like all the resources here are focused on keeping gov't entities and the related... — read more 

When choosing layoffs - is there a way to specifically ensure we get rid of certain people? I’m assuming not. Specifically, I’ve seen many people who are absolute parasites in retail, abusing intermittent FMLA with serious intensity, that are still... — read more 

The tech failed, not surprised. Am surprised they had a system instead of a spreadsheet for tracking https://nypost.com/2022/05/20/sec-fines-wells-fargo-7m-for-anti-money-laundering-lapses/

It’s the worst kept secret in the industry. All companies do it.. but in our case the implications are a bit more sinister. BOLI (Bank Owned Liability Insurance) “Bank Owned Life Insurance (BOLI) is a tax efficient method that offsets employee... — read more 

I'm seeing them in some areas I know were hit by layoffs less than six months ago. I'd understand if we were laying off in some areas and hiring in others, that's how it's supposed to go, but laying off hard working people just to turn around and... — read more 

Interesting that we’re getting lots of leadership discussion around mental health. For employees one of the biggest sources of stress is layoffs hanging over our heads. When a person quits a company the company can continue. When a company gets rid... — read more 

Does anyone know when the asset cap will be lifted? I feel like I haven’t heard anything about it recently on the town halls. Once it’s lifted will our expense reduction culture and efficiency projects make us stronger?

I'm a closer in refi. My pipeline has dropped like a stone. From 100 or more to 8 in a matter of weeks. I can't see them keeping us much longer.

In the left corner is a rep of HR In the right corner is a Worker Team LOL

Charlie spent $18 Billion of the bank’s cash aggressively buying WFC stock between $45 and $60 per share in the past year. Stock closed at $41.67 Another reckless WFC CEO spending shareholder capital to falsely drive up the price of the... — read more 

Has anyone heard of a tech reorg in TI/Hybrid coming next month?

I am behind, took me a while to graduate and start working. I have just shy of $90K right now, I am investing conservatively. I am 39 and I am afraid that I'll never be able to retire. Things are expensive nowadays and you litereally need several... — read more 

somebody need to learn the casheir how to satisfact they customer… please forward this to the correct department

Now every day we hear about at least an outbreak in one of our locations. Why the strong desire for keeping the RTO in place on the expense of employees wellbeing and safety? What are they waiting for? What are their expectations?

The annual 401k match happened at the top of the market. It is absurd the match doesn’t happen every paycheck. We would be averaging into the market right now (getting shares at a low price) if not for company greed. Workers getting the shaft again! — read more 

Standard work hours here is 9am-6pm, so 9 hours and I used to stay 10+ hours in the office often. before covid was another hour commute daily which meant pretty much not having any sun. New girl at work has a kid and told me she thought it was... — read more 

how about seeing if there is a recent existing thread. quite a few different threads today on the recent NYT article.

What wells got accused of in the NYT is literally a problem across America. Heck the NFL is getting sued for something similar. People wanting to hire people they know or like is a tale as old as time. I’m sure after the Flores lawsuit many current... — read more 

Everyone thinks the grass is going to be greener. I have left many companies for others, and have found myself thinking, Ok. This is better than the last company. Only to find myself hating it afterwards. The only ones who truly have it made are the... — read more 

Wells Fargo advisors fined $7 million by U.S. SEC for anti-money laundering lapses http://reut.rs/3MBgjj1

RTO is still infinitely worse than fake interviews, which have been going on for decades, but it's not about keeping minorities away from jobs. It's about hiring managers hiring who they want to hire. RTO is the real problem for employees. Don't let... — read more 

without the paywall: At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews https://archive.ph/os9J1 No surprise here. all the banks do it.

I’ve said this before on this forum and NOW it’s out that WF does do fake interviews just to tick off the diversity box. I’ve been experiencing this ALL year!! With the “lack of” questions, the very short & strange interviews, the lack of follow... — read more 

Correct me if I'm wrong, but I think we've had layoffs every week for the past several months. It's not always something major but it always happens. Is this the way things are being done now? We used to have one or two major rounds per year but we... — read more 

https://news.yahoo.com/wells-fargo-quest-increase-diversity-184111525.html?guccounter=1 Joe Bruno, a former executive in the wealth management division of Wells Fargo, had long been troubled by the way his unit handled certain job interviews. For... — read more 

For employees under 100k, 3-7% increase in June. I just applied to three roles.. seems very promising for a salary increase.

Tell me all about it. It sounds sketchy in a way, never been in this position before. Anything to be aware of?

https://www.facebook.com/reel/1148105509315862?fs=e&s=cl

The Bank has disclosed to the OCC that certain foreign banks used its software to conduct transactions with sanctioned entities.

Including our manager… all jobs being sent to India.

Single call

Just found out a team that was given a temporary exemption to continue to wfh were laid off. The entire team. Management probably decided it wasn't worth the fight when they knew the employees would be separated.

And we as a large bank will feel it too... specially as we don't have a counter balance to the heavy consumer business. Buckle up Cupcakes! https://www.pymnts.com/economy/2022/wells-fargo-ceo-hard-to-avoid-a-recession/

https://seekingalpha.com/amp/article/4512848-wells-fargo-firing-season

At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews Black and female candidates are sometimes interviewed after the recipient of a job is identified, current and former employees... — read more 

I don’t know if there were layoffs of smaller volume, but definitely none of the other banks had any announced layoffs, nor did they have layoffs in the amount that WF had. Looks like higher interest rates are only affecting WF, but not other... — read more 

Who is getting layd off this month????