Does anybody know if any measures are being taken to prevent the ongoing brain drain? Do you know of anybody in senior management or any level manager who is working to improve morale and the overall conditions in hopes of reducing attrition?... — read more
It seems quiet lately
I dont know if this is a commonality for a lot of you, but it seems like there is a lull in communication and activity. Is anyone else seeing / sensing this as well?
Here’s an idea…
Regarding those who are using this forum to make political statements to start arguments - Why even engage them? Why give them what they want? Just ignore them. No comments, no up votes or down votes. Man, that’ll pi$$ them off. Sometimes you can... — read more
Employee Numbers EOY
Without providing enough detail to OUT my identity, suffice it to say that I'm close to a team that has the task of providing what I'll call a "widget" to every employee of WF by Q1 2022. These "widgets" are not cheap trinkets. They're a piece of... — read more
100% WFH all but dead (at least for my group)
Our manager told us that the possibility of getting an exception for those of us who don’t live near hubs is virtually nil and admitted that most, if not all, of us will likely be told by the fall to move or take a separation package. If there are... — read more
Any thoughts about Ask Me Anything with Saul as if 6/23
I don’t see any opinions about June’s Ask Me (If You Can) Anything stream. Was it that uneventful?
How are people giving notice?
My manager rarely interacts with me if there’s not a meeting. Are people resigning via email or setting up 1:1 meetings or how are people going about this nowadays, remotely?
Span of Control - Liar Liar Pants on fire....
When does the lying stop? The "dotted" line just to keep people with seven direct reports yet telling people they still work for XYZ? Not cool - they are either your manager or they aren't! If you lie on this what else do you lie about!!! Oh we are... — read more
Learn to live below your means
People have boxed themselves into bad jobs because they were not thinking ahead. They thought their jobs would always be great and safe and they spent accordingly. Then when things went south, layoffs started happening all the time, benefits got cut... — read more
Layoffs helped pay for new executive in Home Lending?
Home Lending hired a new executive. I’m sure all those people laid off last week helped pay for his salary. Of course it did. If you haven’t realized it’s a shell game for the execs by now where the average worker gets shafted, you haven’t been... — read more
After Wells Fargo, what's next for you?
What are your plans after Wells Fargo? Are you going to start a business, retire, go to another bank?
Exited to get back to the office
Hi all. Is anyone else excited to get back to the office? I can’t wait to see all my coworkers and thots
JPM’s attrition strategy vs WF’s strategy
So I think if you look at JPM, they create really good exit options for the employees so you can rarely see deadwoods staying there don’t want to move. And then if you look at WF, there’s literally no exit option since the techniques and skills... — read more
Reorg or layoff info corporate risk
Curious if anyone has any information on any upcoming re-org and/or layoffs Corporate Risk? Any dates set?
Lump sum severance payout question
Hey all - got laid off earlier this year and I’m past my notice period. Got a new job and requested the lump sum payout for my remaining severance. Paperwork says it’ll be paid out within 60 days - anyone know if it actually takes that long? Wouldn’t... — read more
Financial Services
FINANCIAL SERVICES SET TO BE EXCLUDED IN GLOBAL TAX RULES
50,000+ India growth?
New data centers being planned in India to support an additional 50,000 users? Rumor or truth, techies?
I want to hear from folks in area's where FTE has been reduced
How significant of a reduction occurred? External customer facing or internal clients? How was the workload distributed? Does it appear that there was little additional work added to you (indicating the area was overstaffed and cuts were... — read more
Do you still hang out with people who left?
I don't see a point in it, to be honest. A former coworker (we were friendly at work but I wouldn't consider us friends) has asked me several times to meet up for a beer. I politely refused each time (said I had plans already) but the truth is I had... — read more
3 days a week?
So after going back to the office, how many days do we have to go to the office per week? Do we have enough office space if the minimum of days in the office is 4 or 5? I am surprised that WF still wants everyone to get into office.
07/01 layoffs?
Not sure if it's a rumor, heard that there will be massive layoffs on 07/01?
It has finally happened!
After months of applications, interviews, followups and everything else you can imagine HR departments do or don't do: I finally have an offer. I can finally go back to working and having an upwardly mobile career again, after this bait and switch... — read more
The REAL skinny on hubs
Blame the operational risk consultants and regulatory oversight. In the era of increased cyber threat, environmental threats to pipeline / gas, natural disasters, general operational risks etc. etc. HUBS are the answer. In one Wells line of... — read more
7/13 Tech Business Systems Associates?
I heard this was a date when they may do a mass layoff of the tech business systems associates? Can someone in the know confirm this or will it be 7/23?
Roses are red. Violets are blue. Wells Fargo is a zoo!
Do you feel like you are in a zoo or part of a circus?
UBS bank let most staff wfh permanently.
https://www.reuters.com/world/the-great-reboot/swiss-bank-ubs-allow-most-staff-adopt-hybrid-working-2021-06-28/ Maybe I should apply there!
It's all the same
Take it from somebody who used to work for two other big-name banks before WFC, they're all the same. I see people here bemoan how bad it's here, how it's the worst this, the worst that, when it's actually normal. Everything WFC is doing and the way... — read more
This place is a madhouse
This is crazy, everyone should just walkout. I've never seen anything like it.
Sickened by "Strength in Diversity"
I have had about as much as I can take seeing our WF site stating we are stronger because of "Diversity". I have had bosses , friends, and neighbors of all stripes and languages over my adult years. When it comes to business, I want to be able to... — read more
Dividend increase and Share Buybacks
Congrats to the Company for getting it right. 18Bn over the next year and a double. Stock to the moon.
STAR Program ends
Displaced in May. Just received an email saying the STAR program is accepting no new applications out openings effective June 9 (today is June 20th), and that all existing STAR roles will end by 12/17. What's the cost savings?
RIP - Your Career
8/19/21
Corporate Comms intel...your insights please.
Now that the cutting is slicing through layers of management and employees, what do you make of the Bari/Bill relationship and whether or not it will implode in the next 6 months or 12 months? This could be a clue for those of us still in wait and... — read more
The Sunday Night Blues
You know its time to get a new job when your Sunday evening is spent dreading Monday mornings! Ugh. Anyone else feel the same? The only thing I am looking fwd to tmrw is a Zoom interview for an external role.
Offered new internal role, worth transitioning?
Offered internal role as AC3 for security and derivatives data within DMI. Should I take it? Is it “safe”?
WF is feeding of our fear of layoffs
Layoffs were always present at WF. From the day that I started working here up until now every year, we had layoffs in a bigger or a smaller portion, but people were never afraid of layoffs as they are today. Talk of layoffs replaced any other chat... — read more
If it were me: I would consider getting a lawyer for the following scenario
We have an employee in our department who is considered “protected” because he/she filed an official complaint against management. The complaint was investigated and found to be without merit, though I don’t necessarily have confidence in that... — read more
News on hubs closing?
Which locations are considered hubs besides MN, AZ & NC? Are any smaller hubs closing due to size and location?