I spent close to two years looking and interviewing before I got out of this company/bank. I am glad I did. To those of you still here, if you think it's time to leave, it was 6 months ago. Dust off your resume, starting applying and take control of... — read more
There were 0 months with >0 jobs created for IT professionals in USA so far this year
For you Wells Fargo job seekers, or folks who want to "learn to code" to get a better job, here is some caution. This data comes from ADP: https://adpemploymentreport.com/2021/August/NER/NER-August-2021.aspx January 2021 IT jobs: -2000 Feburary... — read more
Return to office with face b-a
So we are having delta now. Next, we will have lambda which is even more fetal and contagious. Possibly in 2022 we will have even more kinds of variants. I guess we have to wear face b-as to go back to the office but why we have to do that if we can... — read more
Pelos OUT eff. April 2022
Thank g*d! He has been awful for WF. Per CS, Kyle is replacing him effective immediately.
We Care Fund. “Employee Care”
“Wells Fargo is supporting employees through its We Care Fund, a special program that provides financial grants to employees to cover unforeseen expenses caused by a disaster situation or a financial hardship that is beyond their control.” ****Note... — read more
Fed and Inflation
https://www.cnbc.com/2021/09/03/niall-ferguson-inflation-could-repeat-the-1960s-when-the-fed-lost-control.html
Job Search Warnin
Hi All! I have been watching fake recruiters reach me for large companies. I played around for a bit, but then started taking too much of my time, as most of it nonsense. They are trying to give you skills tests. These come over on... — read more
Stopped by to see if anything has changed - nope is has not
I left the bank not too long ago. Thank god. No relocations for mwah or layoffs, I left on my terms! It feels good. This place is suffocating. I just stopped by to see how active the board was and it's still a circus I can see! Tons of people... — read more
Reality Check - Wells Fargo is a great place to work
Its plain obvious this is the best company many have ever worked or ever will work for in their entire life. Otherwise, there wouldn't be so much complaints and worries about getting laid off. Wells Fargo is like a hot blonde being stalked by... — read more
Is Charlie playing the BOD for fools?
Is Charlie playing our Board for fools, or is he simply incompetent? Hard to tell… I’m guessing we won’t know the answer until he’s out.
OneTen - WF New Hiring Initiative
Straight from the article: "OneTen is committed to upskilling, hiring and promoting over the next 10 years, one million Black individuals who do not yet have a four-year degree with a goal of placing more Black people into family-sustaining career... — read more
Someone needs to reevaluate the decisions of our Board once again!
Our Board of Directors is supposed to be acting as a fiduciary for the shareholders. They fail shareholders time and time again, as often as does our C-Suite. I would like to take the place of Elizabeth Warren and ask the following questions: .. — read more
HUB Location Strategy
There were lots of posts about this topic for a long time and recently my entire department was officially put on notice - list of hubs and 60 days to decide if you’re moving. However, there seems to be no word about this hitting the operational side... — read more
US layoffs - 24 year low
https://www.reuters.com/business/us-weekly-jobless-claims-fall-layoffs-24-year-low-2021-09-02/
Harrassment
US law on this?
What is more likely these days?
To be attacked by a shark or successfully retire from Wells Fargo?
Anyone want to know why Wells Fargo stock is dropping?
More sellers than buyers 😏.
Wells Fargo lost 14% of its value in 2 days. Here is why its going to 20 or less
You have an opportunity to sell, and i would highly recommend it. We gonna visit a 50% or more haircut in the next coming days or weeks. In every single earnings call Charlie alluded to the idea that the asset cap was going to be lifted - he never... — read more
Posts are deleted?
Saw the post for real RIP to post the September date just 15 minutes ago, and now that post is MIA?
Anyone know what’s going on at the Cactus Phoenix, AZ site?
Received a phone call yesterday that Black Canyon Hwy location in Phx was closed today. Got another call today saying that it will remain closed until further notice. The call stated that you won’t have to use PTO while the office is closed. Anyone... — read more
Who Should be fired A,B,C,D?
Sc--w up: Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau were disappointed in Wells Fargo’s progress in remunerating victims from its fake- accounts scandal and beefing up its internal controls. Option A:... — read more
Is the new 'loudspeaker' a response to this layoff site?
We keep hearing about 'loudspeaker' as a way for employees to voice ideas for improvements. It's hard not to think that this layoff site wasn't primarily responsible for the development of that program. People use this layoff site to share... — read more
Staggering Leadership Incompetence re: RTO
The Chinese water torture of micro RTO delays shines a light on WF leadership's total incompetence. They can't find their way out of a paper bag at this point. Can't run the company, can't do right by customers, can't comply with consent orders in... — read more
Sept 14 Big Cut Day
Rumor is circulating among multiple groups that 9/14 will see a massive layoff across multiple business lines.
RTO announcement delayed only 2 weeks
In the past, these RTO emails would be pushed out a month. Now it's 2 weeks. Someone is very motivated to get people to hate their jobs. You can just see the seething look on their face when they realized the delay was inevitable. So they pouted... — read more
RTO Postponed till October 18th?🤦🏻♂️
I guess we’re going to have to postpone RTO on a biweekly basis instead of a monthly now (original RTO for October was the 4th). WTAF?🤷🏻
Corporate behavior - is it right?
In the 60's companies believed they had a moral obligation to take care of their employees. This included pensions, health care benefits, and investing in the cities they operated in. My how things have changed - todays corporate charter is much... — read more
Uh oh - new sanctions against bank for slow remediation efforts to fix risk
OCC & CFPB have recently warned Wells Fargo they may bring new sanctions over the company’s pace in fulfilling restitution. Consent orders signed w/agencies 3 yrs ago & bank has sought more time to get the work done. Woops... Not a good sign... — read more
Poor Carrie
https://www.reuters.com/legal/transactional/ex-wells-fargo-exec-cant-trim-secs-claims-over-sales-scandal-2021-06-28/ I guess the dodge, duck and weave strategy isn't working too well.
Climate crisis ignored by WF
While watching all the hurricanes, fires, rising temps, severe droughts, etc., one thing is clear. Collectively, we have to do better. All of us. Corporations included. We know it's too late to save the planet that we've known and abused for so... — read more
Current Headcount Stats
Q2 2020 = 276.0K Q3 2020 = 274.9K OR -1.1K drop Q4 2020 YE = 268.5K OR -6.4K drop Q1 2021 = 264.5K OR -4K drop Q2 2021 = 259.2K OR -5.3K drop As of today 2/3 months into Q3 2021 = 253K OR -6.2K drop but we're only 2/3 the way in, will be likely... — read more
Chuckle’s Microsoft Hobby
He “earned” $125,000 salary and $200,000 in stock options last year.
Consumer Lending Risk CRO ask me anything
so glad they are starting with softball questions and spending 15min answering it
Are layoffs on hold for now?
Until the whole mess with RTO, the Delta variant, vaccines, and who knows what else is sorted?
PTO and Medical
What happens to my remaining PTO when I quit? Do they get paid out? Or is it better to take them as my last 2 weeks of notice? If my last day is Oct 1, does Medical/Dental benefit immediately ends of does it go up to Oct 31st? TIA
Branch employees, please stop complaining.
As a former retail banker, you people in the branches need to stop complaining. You are short staffed because people do not want to work there. If you don’t like it, get a new job. Retail banking is seriously a dying breed and just plain awful. I... — read more
How many employees are on Teamworks now?
if they finna layoff get it over with are they half done with the 10% reduction of the employees or is still more to let go?
Soon Branches Won’t Be Able To Open!
Virginia is a wreck with branch employees dropping like flies. In the branch I work in we are down to 2 tellers, 1 Banker and our manager. We finally had to shut our lobby as we only had 3 of us working. Everyone keeps calling out and others go on... — read more