Feel free to vent here. No trolling please. Ok to bring up our CEO and his band of merry men/women.
RTO is really happening!
I was hoping it wouldn't, but we were notified that come Monday we check out our new “neighborhood” location on the RTO site and all steps necessary to complete before going in office. Ugh.
Email from HR to update email in personal info.
Did anyone else get an email to update their email in their personal e-file account? I received an email today from HR requesting I update it from my WF email to my personal email. I just find it suspect, especially if 9/30 is going to be a big day... — read more
Some statistics on employee counts USA vs India
Since last year, you have >50,000 fewer USA peers Since last year, you have >30,000 more India peers Wells Fargo "transitioned" these American located jobs to India and then announced stonk buybacks with all the money they saved on salaries. And... — read more
SVB sends: CISO is no longer w/ WF effective immediately
Mass email just hit inboxes.
Senator Warren’s letter to Wells Fargo BOD. Worth reading for the 7 questions she wants answered as of yesterday.
https://www.warren.senate.gov/imo/media/doc/Letter%20to%20Wells%20Fargo%20Board%20of%20Directors%20091321.pdf
Yet ANOTHER Fed Class Action WF Lawsuit Coming
The attorney's are asking for $23M alone. Perhaps if WF would stop paying out lawsuits people could remain employed. When CC made his cost saving speech was he aware of all these lawsuits to come? ... — read more
RTO Has Now Gone too Far
What I find disturbing about this move is our director (a person of 150 associates (LOL)) will also need to commute to the office and find a desk to sit at just like everyone else. That my friends is incompetence. They are cutting the legs out from... — read more
Technology, Info Security and the fake Diversity stunt
Technology teams especially in Info Security are about to be hatcheted. Managers keep leaving. Saul has no experience ability or positive impact. Application Security teams filled with incompetence and cost Wells many millions. The real problem is... — read more
WFAM AllSpring
What is the morale at WFAM? When will they change their name to AllSpring Global Investment?
SIgns your group may be affected by layoffs
Can anyone that has recently been displaced share if in hindsight, there were any tell tale signs your group was going to be affected in the coming days/weeks?
asset NOT lifted
https://www.reuters.com/business/feds-powell-says-wells-fargo-asset-cap-stay-place-until-problems-fixed-2021-09-22/ Sept 22 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells... — read more
Greenspan talking about corporate governance and unethical CEO's
Companies run by people with high ethical standards arguably do not need detailed rules to act in the long-run interests of shareholders and, presumably, themselves. But, regrettably, human beings come as we are--some with enviable standards, but... — read more
Boss worried team was going to quit so everyone got a 1% bump in pay & perm remote
Contrary to what some id--ts post on this board, no, not everyone is going back into the office. There are some sick individuals who seem to enjoy spreading false rumors and trolling on this particular board. They need professional help. But our... — read more
SBL notified all Underwriters will be permanently remote
Small Business Lending notified all Underwriters today they will have the option to permanently WFH. What's the catch?
New regulation on Offshoring is gaining traction in Congress.
"Tax Havens and Offshoring Act" https://www.vanhollen.senate.gov/imo/media/doc/SIL21559%20-%20Disclosure%20of%20Tax%20Havens%20and%20Offshoring%20Act.pdf It has already passed the house and has bipartisan support in the senate. Today, U.S. Senator... — read more
RIP Your Career 9/30
1 2 Chainsaw's coming for you.
Break up Wells Fargo? OK, but what are its advisers worth?
https://www.investmentnews.com/break-up-wells-fargo-211712?NLID=MUST-READ&NL_issueDate=20210923&utm_source=MUST-READ-20210923&utm_medium=email&utm_campaign=investmentnews&utm_visit=26532&msdynttrid=SyjfASdF4uY8WxPnCi1Fl94Np9dQSnmoy6g53QDYqOQ Best... — read more
New "job architecture"? What gives?
Mentioned in a recent hr email. Changes to the job titles have been in the works for a while now, but us pleebs haven't got any real info. I presume it's getting close to implementation. Who has the details?
09/23
Well, is 09/23 a mass layoff day or not?
Being laid off is not a bad thing
I was laid off once here and it was fantastic. I had a horrible boss that would keep me at work till 10-11pm. I couldn't sleep at night and was always dreaming of excel problems. I got the package and found another job 2mo later paying 40% more and... — read more
There are good places to work, and this aint one of them.
This bank breaks laws, decieves customers and treats its employees like garbadge. Why would anyone want to be part of it.
Fed's Powell says Wells Fargo asset cap to stay in place until problems fixed
Sept 22 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co (WFC.N) to fix its "widespread and pervasive" problems and that it would take appropriate actions if the... — read more
One trick pony Chainsaw - Bony Mellon employees revolted and threatened lawsuits when chainsaw threatened to eliminate remote work
Chainsaw is about as creative as a steaming pile of bull p-o He tried the same tricks at Bank of NY when he short-timed over there. A hatchet by any other color is still a hatchet. And what did not work there, he thinks we will put up with it... — read more
Lawsuit filed over vaccine mandate - religious exemptions - Chainsaw RTO Risk to stonk just exploded
The only thing that matters is stonk price to the chainsaw. Everything boils down to Efficiency Ratio going down (less employees, less expenses, etc) Guess what? Lawsuits are EXPENSIVE. And messy. And they directly hit the Efficiency Ratio in... — read more
Annual self-evaluations to Manager's Manager or HR
Can we send Annual self-evaluations to Manager's Manager/HR, if we don't trust the Manager
New Wells Fargo CISO gone after 6 months...
Wells Fargo CISO (https://www.linkedin.com/in/klieber/) was terminated/fired... No where to be found in the system... Not even "zz" in the GAL... Just... Gone... That didn't last long... I'm starting to think SVB is the problem...
Just laid off…. No HR rep on phone. Package not ready for 48 hours
So after over 20+ years got laid off yesterday. Is it normal not to have HR on the phone ? It was just Manger. He said package will be sent to home email in 24-48 hours is this normal?? Not sure how I feel….
Vax Mandates are Coming
Schart recently attended the CIB Town Hall and told everyone "...schools require kids to be vaccinated, the gov't expecting us to be vaccinated isn't any different." Discuss.
Bonus Percentages?
Explain the new compensation scheme. Used to be you would earn 10, 15, 20, 30, 40% (or more) bonus depending on position. Word is that is partially going away?
Pay Gag
Under federal law, keeping employees from discussing pay with coworkers is an unfair labor practice. Yet workers, advocates, and labor experts say such “pay gag” infractions are widespread, with awareness of the law at a... — read more
Two can play this game
WF wants b*tts in seats ASAP, even those that successfully were WFH for over a decade prior to pandemic, to cause pain and resignations to save WF severance and unemployment insurance payouts $$$. Employee response once back in office? PULL FIRE... — read more
Is the new(est) CISO gone?
The CISO position is showing as "Open Manager Position" on EmployeeWorks (People Search)...
Wells Fargo to implement nCino’s bank operating system, expand digital capabilities
https://bankautomationnews.com/allposts/core-cloud/wells-fargo-to-implement-ncinos-bank-operating-system-expand-digital-capabilities/amp/ Do any of our tech people want to give their POV on if this is a good move?
Application Security
In these days of tight budgets, we have an organization with a huge multi million dollar budget and with hundreds of 60+ year olds, called champions, existing only because application teams don’t deliver. And this organization is run by a bumbling... — read more
What if i go into the office and get COVID..
And I have no more PTO what happens? lose my job go into work and save my job and pretend I don't have COVID some other choice
PTSD
I’m suffering “CWFSD” (Current Wells Fargo Stress Disorder)! Working at Wells is FUBAR, SNAFU and CWFSD rolled into one big BM.
WSJ: Companies Cutting Office Space Predict Long-Term Savings
(Seems like this should be a no-brainer for our leadership, who preaches the priorities of cost-cutting. Let’s show some consistency between what we say and what we do.) ****Companies expect to reap millions of dollars in savings in the years ahead... — read more
HUBs and spokes
Hearing that the HUB strategy might already be changing to HUBs and spokes. Anyone else hear something like this?