Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

News on hubs closing?

Which locations are considered hubs besides MN, AZ & NC? Are any smaller hubs closing due to size and location?

Weird Reorg

Our group got moved wholesale to some group I have never heard of with a name that sounds like they used a buzzword bingo word randomizer as a joke. On researching my new overlord, the senior is a newer hire with abdolutely no experience in what... — read more 

Will it continue next week?

I know layoffs are never completely done at WFC so please spare me such responses. I'm more worried about the immediate than some undefined possibility sometime in the future.

Kicked to the curb!

This past week I witnessed FTE's and consultants kicked to the curb or dumped in other groups with no warning. For the consultants, it's not a big deal, we can easily bring our knowledge and skills to the other companies. For the FTE's it's life... — read more 

Next round July 23rd?

Rumors are swirling. There was a thread posted a month ago giving a heads up about June 24th layoffs, which was a “rumor” that did happen, rumor now is more to come in July, any truth to that one? No transparency for any of us and they could care... — read more 

Tone Deaf

A day after big layoffs WF sends an internal communication with the title "We're Stronger Together". LMAO

That's downright disrespectful

I guess talking to each person individually and showing them at least a modicum of respect would have taken too long (Time is money friend!) so they decided to just get it done in one swell swoop. Yes, it might have been more efficient, but it also... — read more 

Check your checks

This company is screwing employees on vacation time, years of service. If I ever meet chuck scharf again it’ll be entertaining! And it’ll end with me pi----g on his loafers.

Severance letters with lump sum payout

Are they sending severance letters with the lump sum payout? I need it to file for unemployment. I looked through the displacement package and didn't see it. I will need this amount to file for u/e.

Just stop whining already

I said it before and I'll say it again - if the company realizes that your job can be done remotely fully and indefinitely there is nothing stopping them from outsourcing it as soon as possible. You're ensuring your own separation from WFC by... — read more 

Replaced by overseas workers

Band together as a group if your jobs are replaced by overseas workers and file for Fed TAA. The Trade Adjustment Assistance (TAA) Program helps workers who lose their jobs due to foreign competition, including work being moved outside of the United... — read more 

PSG Layoffs?

Anyone know if layoffs are coming up for PSG?

Opportunities Abound

I decided to get serious about my external job search. I've always been a team player and thought I'd take one for the team and help reduce headcount like they want. Do you take the first offer you get to gtfo or wait on other interviews in progress... — read more 

Interesting..

https://www.americanbanker.com/news/report-that-cleared-wells-fargo-board-of-misconduct-gets-a-second-look

6/24 is real I just received packets for 5

I received 5 displacement notice date discussion packets. All for notice before 2p central time on the 24th. I’m small time so if my team is getting hit like this who knows what is coming. Scared to say my group but we roll up under CEO of Corp &... — read more 

Has anyone told

Has anyone told our executives that banking is no longer a dream job? I mean seriously. The days of your branch banker being a pillar of financial success and folks bragging about working for a financial institution are long gone. This new... — read more 

DMI bulk hiring

Why is the DMI area constantly hiring employees? I thought they were up for layoffs but it seems there are always positions available…

Will Auto be sold off, or...?

Auto was already a drop in the bucket in terms of overall revenue to the enterprise (4%?). Over the past year or so, the business has shrunk. Fewer used car loans (or bad credit new car loans) that won't be easy to replace with other business... — read more 

How are you preparing for it?

I'll be honest, quitting is not something I can afford to do right now and I doubt I could find a remote job that pays close to what I make right now so there wouldn't be a point. Being stuck here, I'm not sure how I'm going to get used to having to... — read more 

Anxious

Rationally I know it doesn't do any good to worry about getting laid off. There are solid steps to take to be prepared (networking, resume, brush up on marketable skills). But I'm in my 50s and have been here a long time. My group most likely will... — read more 

I'm about ready to accept any job

My brother-in-law works as a manager in a warehouse. His pay is decent, his hours are set, and most importantly he seems happy. It's not glamorous work, but he provides for his family and gets to lead a good life without having to worry or think... — read more 

Your Input on Location & RTO Strategy

Please select one answer to each of the following questions: If asked to relocate to a hub, would you: 1- Accept 2- Accept only if relocation assistance is provided 3- Decline and take a severance If asked to return to the office in... — read more 

Are you “leaning in”?

Can’t stand hearing this corporate lingo. Any other terms that illicit violent thoughts when spoken?

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