We were informed today we will be expected to come into a “hub location” starting in September/October. No details beyond that. We’ve always been a telecommute group. None of us live near the same hub, or work with just clients near us. It makes no... — read more 

For those not familiar with WARN, please lookup the federal WARN Act for more details. This is the "60-day notice" that WF is giving to those being laid off. Some questions I have: (1) Does payroll (direct deposit, benefits, PTOs, etc.) continue... — read more 

Got my hands on a .PPT circulating around regarding the hiring metrics with a large focus on g-y and female hiring push. I manage a team of all women and 50% minority. Everyone on the team makes the same money if they are at the same level (~5% +/-)... — read more 

If nothing fits to all, then it is like old wine in new bottle. No change, all manager pets, yes-boss sh-t gets what they want. It is like digging a hill and finding a mouse.

Instead of returning capital to the shareholders, maybe they should use some of it to invest in a new CFO who knows how to speak. When he speaks in public, he comes off as un-educated. In over his head....Umm Ya Know!

let the good times roll. how many sips of coffee do you expect? How many times will he touch or mess with his glasses?

Why are all the applications archaic?!? On boarding in my group/ application training has been nonexistent as well. How has this place managed to not fold up?! So many more question!!!

Now that everybody is lauding Scharf for "finally making headway on cost-cutting goals" I'm sure we can expect to see him push up his timetable and become even more aggressive in regards to layoffs and other cost cuts (but let's be realistic, it's... — read more 

I understand that the bottom line gets helped with staff reduction. But they cut some staff when I was already working a full shift, even at home. I am definitely working more hours now to stay afloat with the duties. Sure, I get a faint "That a boy"... — read more 

I was on a call with a large audience today. Someone asked if we were still going back to the office in Sept. The answer was Yes and that a company wide announcement was imminent in the next 5 to 10 days. They also said we'd be going back in... — read more 

https://www.barrons.com/articles/wells-fargo-earnings-51626266697

Mike is a great guy and leader not to mention inspirational. I wish his upbeat comments about Wells were true. I guess we take the lesson without worrying too much about minor inaccuracies about corporate culture. Can we make him CEO? I think... — read more 

Scharf “isn’t even considering business without the asset cap”. Expect at least through end of 2022 I’m sure. https://www.reuters.com/business/finance/wells-fargo-beats-profit-estimates-reserve-release-boost-2021-07-14/

Efficiency ratio is the bank's expenses by net revenues. Employee cost is a BIG portion of bank expenses. Chuk stated he wanted to cut employees to get efficiency ratio to match peers.... In context, here is efficiency ratio between peer... — read more 

Glad to see positive earnings although it's funny how in what CS communicated to the rank and file he doesn't mention the 8% reduction in expenses.

Are so convenient. I don't waste car fare or gas or worry about leaving enough time for traffic. It should continue this way.

Early 40s, MBA, Veteran with sr and manager level roles with WFC since 2010 Have been applying for months and getting consistent denials. Previous employees whom are female getting interviews. If you are a white male at WFC right now forget it. This... — read more 

I recently started in ITV and have never seen so much disorganization. They are so top heavy with senior managers, directors, and senior officers who don't seem to offer much but create more red tape and difficulty for employees actually trying to... — read more 

Barry leading Wim into mediocrity- vitriolic, egoistical, no vision and leads in fits, starts and stops - no one knows what his vision is and according to him I ts exciting and great- just ask him to explain next new $10mm client growth strategy…... — read more 

Asking for a friends.

I am talking about any tier, even the lowest management positions. We had our share of layoffs in the past couple of years, but I never saw any member of the management get cut. They just keep bloating the management while there are fewer and fewer... — read more 

My new manager asked me to create a power point reporting deck to give to the higher ups to show how productive we are. Why?! I have never seen a place with leaders who spend more time having their directs create needless power point decks. It's... — read more 

How can they even find more people to lay off? Other than the many unnecessary management layers, every team, every department I know is heavily understaffed. I don't understand how they can look at a group of people that is obviously struggling and... — read more 

Trading is being centralized in single location = NYC starting 2022. To be closer to Hudson Yards management. My guess, more JPM ppl will be hired there instead on traders who will not move from their current locations or who will not pass an... — read more 

Is MMB going to get some layoffs?

The usual suspects no wonder Wells Fargo rich executives cash big paychecks with loaded benefits and stock options but they dont bank or invest where they work because Wells Fargo are organized professional... — read more 

I received my displacement call this morning. I'm a TBSA. I heard other BSA's and TBSA's are also being laid off today. 7/13 was a real date. I'm relieved to be done with all the toxicity and lies.

Have you guys seen the new attendance policy? 4 call ins in a rolling 12 months and you get an informal! Is Charlie Chainsaw just trying to get rid of all employees LMAO! Not everyone is qualified for fmla when they get sick, more people will be... — read more 

They asked me what I was looking for salary wise. I gave them a broad range that was in between what I made at Wells which wasn't much. No dice. These companies are beyond cheap, but it was a smaller bank which is why I said smaller banks don't pay... — read more 

That is why we have so many d-mb d-mbs at Wells Fargo....that is absolutely without a shadow of a doubt including engineers.

I know multiple people who have been displaced recently. Not one was asked to participate in any form of an exit interview. This speaks volumes of our poor HR team and three blind mice Operating Committee approach. What an embarrassment.

Yet Chainsaw, Fredo, the new OC flu lies and so many other overpaid inept “leaders” remain. He was one of the good ones. https://www.businessinsider.com/wells-fargo-head-of-small-business-banking-steve-troutner-exit-2021-7

In technology, few QA associates who were laid off were hired back as Software engineers after couple of weeks in same team to do same testing tasks. I am pretty sure they couldn't upskill in couple of weeks Does anyone know what is going on?

Been in retail banking fort 20 years…..very successful and am now in a mid senior level role….think next level past DM. Seeing what’s happening in retail and having extreme anxiety about next steps in my career. Reality is I need to get out NOW. ... — read more 

Our department let go the social butterflies who consistently bounced from person to person before getting back to their seats to do (uhm..) work. They too often had to be prompted to complete the basics. Stretched their PTO to the max and went... — read more 

I don’t know a new certain area is as stable, but I’m considering it.

We’ve been told we’re going back to the office, I think not. Rumor is call centers are next on the chopping block, no surprise since most companies now outsource those jobs overseas. Now is the perfect opportunity for WF to start closing local... — read more 

Will Bei fire a lot of HR peeps? I’ve heard she will. Also, are we changing our name to JPM? No surprise there.