So can anyone tell? Since we don’t have the traditional ranking system, can you tell how many levels down from the CEO can make 500k+ per year?
Layoff question posed to managers
How were you notified that you had to lay someone off? Was it an email or call or what? How much guidance or directive do you get on how and when to go about it? Do you have to do it during a certain time of the day? Do they tell you specifically... — read more
About that 250M fine from the other day - wells got caught scrwing over its customers AGAIN!
The OCC is telling wells fargo to stop just arbitrarily foreclosing on customers. A bank is supposed to have a program to work out a program for payment. Wells does have a policy in place, but just like every other policy at this bank, anything... — read more
Fitch downgraded Wells Fargo - likely unable to get asset cap removed
https://www.fitchratings.com/research/banks/additional-regulatory-action-on-wells-fargo-highlights-operational-challenges-still-present-14-09-2021 The fines will be paid thru employee layoffs most likely. Fitch Ratings-New York/Chicago-14... — read more
BIG layoffs coming to back office wholesale software folks
http://www.wilmingtonbiz.com/banking_and_finance/2021/09/02/ncino_reports_increased_revenues_new_agreement_with_wells_fargo/22273 All that custom software Wells Fargo developed over the years is going to be replaced with this: By adopting the nCino... — read more
What I have learned in moving on
I was worried about moving to another company trying to fimd its way through org issues. I was hired to help sort out product organization and got a real dump on the issues. They are substantial and highly political. They were real with me. Here I... — read more
Is Compliance Strategy and Operations to ki-l Compliance with meetings?
I’ve had 3 1/2 hours of meetings today with these people and 3 power points decks and I’m still totally unclear what it is they exactly need me to do
So if November 1st is the return date
Does that still mean that there will be big layoffs in October, as so many on this board seem to have thought up until now? Really, lay us off just as we're scrub a dub dubbing to head to the office again after God knows how long? Would Wells do it... — read more
Your regularly scheduled reminder
that it's much easier to find a job when you already have one.
This place is crazy active and I've become one of you weird sickos who checks it twice a day. Who wants to help expand the community?
I think it would be great to get onto Reddit, Discord, or some other community forum. Be honest, watching this trainwreck has become a guilty pleasure for you like so many others. It would be great to keep thelayoff for layoff related discussions and... — read more
CFO on Investor day
Every time he says "Expenses" he's talking about your job. Just put junk in all the fields to watch it. https://kvgo.com/barclays-fin-2021/wells-fargo-sept Highlights: 16:44 - new managers peel back the onion, and find more and more ways to get... — read more
QA employees in India provided formal Automation Training, but US based manual testers are on their own with Pluralsight.
Saul said that there is no career for QA folks in WF but those in the US are being laid off or told to learn automation on their own while formal training including in-house training are provided to manual testers in India. This is not made up as... — read more
Why Wells Fargo is a terrible company
And this is just off the top of my head. Do you have other things they have done to sc--w us over? Leave your comment below They pushed junk sales goals which incentivized fraud destroying the company brand. They have a revolving door of... — read more
WFC has never done anything good for me
I have no issues with seeing it broken apart or completely gone. If it happens, I'll find a new job. Hopefully (or most likely) one that pays better. This place is so toxic and corrupt that I don't see any other outcome that would solve any of the... — read more
AMA with Saul
1st point: Wells Fargo & Co. unveiled a decadelong initiative to update its digital infrastructure in part by moving its workloads to cloud services from Microsoft Corp. and Alphabet Inc.’s Google—the latest large bank to make a significant bet on... — read more
Warren is highly unethical
Look at who’s feeding her. Notice Google, Apple, Amazon, Microsoft are huge contributors. Every wonder why you never see a single thing from her about their abusive spying on customers or their monopoly powers. Why isn't she talking about breaking... — read more
Updates to Exit Plan
Before RTO in September announcement: stick around until Feb 2022, collect 401(k) match and bonus, then GTFO. Hope for severance package in the meantime. After RTO in September announcement: forget about collecting match and bonus, GTFO in... — read more
Break up the bank - its not the first time this has been discussed in congress; exquisitely harsh feedback
From 3/2019 Sloan testimony to Congress: https://youtu.be/q-PMQxJOyB8?t=14000 About Rep Ly--h: https://ly--h.house.gov/ I am sure he would love to hear from you regarding Wells Fargo dumping American employees in favor of Indian and Philippines... — read more
Senator Warren Is Right - It's Time to Cut the Deadwood Starting at the Top of House
Starting with Chainsaw and some of the Board. Cut their pay in half starting tomorrow until the asset cap is lifted and the work is done. Then work your way down to middle management and gut the bureaucratic Group Issue Management and all their god... — read more
Elizabeth Warren
For all the so-called men who can’t take a strong confident woman being in a leadership position: Elizabeth Warren is not some random senator who keeps picking on poor innocent Wells Fargo. ****She is a member of the Senate Committee on... — read more
A system that leaves you a choice: Accept lower wages and benefits or have no wages and benefits at all will ultimately be rejected by majority
A system that confronts the majority of its workers with "you either accept low wages or you risk having no wages at all, that's a system that sooner or later will be rejected by the people it confronts in that way. The trickle up economic of only... — read more
RTO now November 1
Another two week postponement. It's sort of funny now.
Elizabeth Warren Asks the Fed to Break Up Wells Fargo
https://www.nytimes.com/2021/09/14/business/wells-fargo-elizabeth-warren.html Senator Elizabeth Warren says Wells Fargo has run out of time to fix the many internal problems that have harmed its customers. In a letter to the Federal Reserve chair... — read more
Good article: 6 Questions to Ask About Covid and Air Quality at Work
Sept. 13, 2021 Whether you’ve already returned to your workplace or will be heading back to the office eventually, it’s a good idea to ask what steps your employer has taken to improve indoor air quality. The more time we spend indoors with other... — read more
When is RTO required
Does anyone know if October is still the scheduled time for RTO? My manager says it will almost certainly be pushed back further. What do other people's managers say? When will RTO really begin?
-Employee- survey results
Anyone know when we’re supposed to hear the “results” of the team member, uh I mean -employee- survey that was done in August?
Is there a way to quit and get unemployment benefits in California
I am in my early 60s, it's still too early to retire. Yet, I cannot be running any more and I am thinking about quiting, I guess I can call it a major burn out. Anyhow, I wanted to see if there is a way to quit and still get unemployment benefts... — read more
RTO and Layoff/Severance
My group is being told that we're getting "invited" back into the office within the next couple of months. Problem is that the office to which I have been assigned is 60 miles away, on the opposite side of one of the largest cities in the nation. ... — read more
Just a few months ago...
https://twitter.com/mazemoore/status/1436005022454718467?s=20 And then they all took summer vacays. Spread it around like crazy. They’ve been wrong every step of the way. This is not being shared to promote anti vaxers. Please get the vaccine... — read more
Wells Fargo Branch Manager in San Luis Obispo told a customer to mask up and he was beaten in the parking lot
The poor guy....You imagine what can happen once Wells Fargo COO Scott Power forces required RTO 10/18/2021. He unleashed those lunatic, belligerent and unruly customers and employees who are anti-Vax and anti-mask, they cough, sneeze and share... — read more
WFH exceptions
So WF wants things to be so painful, they get more "natural" attrition. But the blanket RTo policy is crippling several teams due to recruitment challenges in key areas. Is anyone else hearing about loosening RTO policy for teams like Tech?
It's better not even having a CEO
Kind of sad that the stock has did far better during the period we had no CEO than the 2 years Charlie has been here. We should have just hired a chimp and put a crown on his head and gave him a box of cigars and we would be better off. June 28th... — read more
New Brass & Leadership Can't Bring Home the Bacon Either?
How many millions has this place spent on new hot shots from JPM, BNY, BoA, etc. etc. in the last 2 to 4 years? I thought since they apparently knew so much and were so "smart" they would right the ship and get all these issues remediated and closed... — read more
Let's see some hands
If you're like me, please voice up. I joined Wells just about the time when first inklings of the cheating the customers scandal began to hit the media. I was all in before I realized "Oh Sh&t, not again!" Still here, but honestly, it still makes... — read more
OCC Administrative court session against former Wells Fargo execs starts next week
https://www.ots.treas.gov/news-issuances/news-releases/2021/nr-occ-2021-96.html The OCC will litigate enforcement actions against Claudia Russ Anderson, former Community Bank Group Risk Officer, David Julian, former Chief Auditor, and Paul McLinko... — read more
WFA, Spans & Layers
Well it’s finally creeping into the Investment Advisory Product Group. The realignment of several product area’s Sr. V.P.’s under those who were formerly much junior team members is causing quite the stir! Many of these overly paid and underworked... — read more
FIRE SCHARF and His Cronies Now!
How many years do we (as employees) have to pay for Senior Leadership's mistakes? Granted Scharf came in after the fake accounts scandal and "Promised" to resolve this issue quickly, guess 5 years is quick for him..........and he we go again with... — read more
Fire them all
https://www.wellsfargo.com/about/corporate/governance/ Senior leaders, if they are worth their paychecks, should be holding Charlie responsible on a daily basis. And Charlie should be holding the banks’s senior leaders responsible. There is no... — read more
Recovering
I moved on last month and difference in my attitude and approach to work is so starkly different, I wanted to come back here and encourage you all to make the move to one of literally THOUSANDS of companies desperate for people after this great... — read more