Every time someone tries to post positive feedback on this Board, there are many people that will absolutely shut this person down with a lot more negativity. No, I am not Charlie and I am not HR. I am just someone who is still happy working here... — read more
Packages and Layoffs
Packages are being offered to SOME (not all) people who satisfy the "Rule of 60". If your age plus your years of service adds up to 60, you MIGHT be getting a package. Being offered to a SMALL number of people. This is very limited in scope... — read more
Is anybody ever truly happy working at a bank?
People are not happy at WFC, I can understand that. But why is that unusual? Who is ever truly happy working at a bank? Did you really dream about becoming a loan officer (or whatever) when you grow up? You go to work, you do what you need to, you... — read more
Corp Comm/Public Affairs - June 24 layoffs??
I keep hearing rumors that the next round will be June 24. It's a Thursday and toward the end of the month so I guess it's plausible? What is everyone hearing? I'd ask my manager but I, um, don't have one.
Wells Fargo, Bank of America Finance Predatory Lenders and Their Outrageous Interest Rates
Recent article headline from a few days ago out there in the news To paraphrase a quote from leadership: “we are exiting businesses that are not core to our core customer base” Yet we are financing pay day loan companies and pawn shops... — read more
If it’s you or someone else?
Who gets to decide and what criteria will be used ?
The outlook for retail banking is bleak
https://www.wsj.com/articles/hsbc-to-exit-u-s-retail-banking-11622077164
Some poetry for CC that we all need. Feel free to add your own poems.
I’ll start. There once was a person from Nantucket, Who BR said, “oh f$&k it”, “We can cut what out they do”, “I don’t have a clue”, “Til I have millions and they can all suck it”. And #2 Roses are red, Violets are blue, Ketchum will take... — read more
Future of Branch Banking
Branch banking is shifting. The culture has gone more digital. I believe in the next decade or so you won’t see more than a handful people in each respective branch. The priority is to retain the customers by giving them different avenues to complete... — read more
Head of Regulatory Relations.. gone
https://www.americanbanker.com/news/wells-fargos-head-of-regulatory-relations-is-stepping-down
COE structure for corps comms
I was “mapped” to one of these. Not kidding when I ask if someone can please explain them and how they will work? I’m trying to quickly figure out how fast I need to get out or just wait and see. But the whole “still working through details” part... — read more
We’re JP Morgan
So announcement after announcement coming out that there’s reorgs and 90% of the new leaders are coming from JP Morgan At the same time they’re flattening the structure and overloading the first two levels of management and eliminating the next... — read more
Any good news?
Let’s be positive for a change. Any good news you hear or know of here?
Recently 2 team members setup meetings with me to learn how to do part of my job - am I targeted for layoffs?
First meeting was 3 weeks ago to teach somebody part of my job, and now I have another meeting next week with a different team member to teach them another part. I'm the only person on my team that does my role.
Why not embrace layoffs?
I'm here because I'm worried about layoffs. I'm worried I'm going to lose the job I enjoy. I might be in the minority, but I like what I do. If I hated it as much as some of you do I wouldn't fear layoffs, I'd welcome them. I know why I deal with the... — read more
What’s “real” here?
I see so many comments from people who have left WFC and were so glad to get out. My question is - Why are you here? If you’re out and so happy in your new digs, why the he-l would you be spending time here reading the posts and talking about it? ... — read more
HERE GOES YOUR BEST TALENT in CLT...
https://charlottenc.gov/newsroom/cityhighlights/Pages/Credit-Karma-expansion.aspx
WFC, BOA finance predatory lenders
Wells Fargo, Bank of America Finance Predatory Lenders and Their Outrageous Interest Rates https://finance.yahoo.com/news/wells-fargo-bank-america-finance-130045005.html Shows the required UUDP classes everyone has to take are a sham to the... — read more
Corporate Risk
Maybe I’m not in the best chatty circles to hear anything, but I haven’t heard much recently about Corporate Risk impacts. In my opinion, this is a group that has redundant areas doing redundant things and is bloated. What am I missing? — read more
Blazing into the Future with Older Tech
So now we're keeping our network equipment longer. Okay ... so we march forward with older networking equipment. Wow! What bean counter figured that one out. Okee Dokee ... Kids, can you say, "Colonial Pipeline Hack?" Can you say, "Vulnerability?"... — read more
Layoffs of Project Managers in Technology group?
Has anyone heard of Project Manager titles?
Quick Poll: On a scale of 1 to 10, how would you rate your Manager/Supervisor's performance?
Feel free to expand on this.
I literally do Nothing
I'm a long-time WF employee. As proof, I offer that today's Teamworks homepage has headlines for stories "Something in all of us broke", "Life without LIBOR", "A holistic approach", and a lot of DE&I tripe. I literally do nothing. All day. ... — read more
Agile/Kanban failure
will lead to the end of Saul career at Wells. It’s a joke. The empire has no clothes and no one speaks up.
Attrition is different now
Wells Fargo has always had high attrition for various reasons, but mostly it was people who'd join then leave as soon as they had something better. That's no longer the case. Now we are losing our top talent on a daily basis - and there is a huge... — read more
Any rumors or guesses about any of the upcoming news in Wealth?
Seems to be a lot of activity going on without any unofficial news. Trying to be optimistic but the silence around everything is a little scary.
EA goes the QA way
Looks like a bunch of EA folk (Technology) have been given notice to be displaced. Surprising since they just got a new Chief Architect. WOW!
CS and leadership should quit
If they believe in Diversity, Equity, and Inclusion, they should be the 'quit' in Equity. Otherwise, it's all bs. BTW, not mine. saw it on twitter.
Last summer
Does anyone remember last summer and all the internal messaging around Minnesota and such? Wonder what kind of messaging comes out this year? I hope we as a company learned our lesson on jumping into fires and losing our branch buildings to... — read more
EEOC and Right to Sue letter
Has anyone that filed with the EEOC received a "Right to Sue" Letter? Did WF try to settle beforehand?
Charlies assult on the bank - Or - Why we are screwed
What is going on at Wells Fargo today is a Wall Street takeover of american industry. This has happened in many other industries over the past few decades and now its our turn. The playbook is simple - lay off workers and replace them with... — read more
Information is power
I enjoy this site because it is a place where Charlie can’t control the narrative. It’s a place where Corp Comm isn’t trying to bend reality. It’s a place to discuss what’s wrong within the bank without worrying about management backlash. No PR... — read more
I am out of here!!
I am so happy to be leaving here with a new position! I was underpaid majorly for my field, and people toxic and criminal. This is with out a doubt the worse company in the US to work for! I recommend if you can get out, move elsewhere... — read more
Will there be more cuts tomorrow?
Do we know if last week's cuts will continue on Monday?
Branch staffing
On Saturday in the second busiest branch in the district there were two people two work and everything is experts run as normal. I know we will get told off by the district manager for something, it always happens anyway, but working for this company... — read more
How do you deal with the suddenness of layoffs?
I used to handle cuts at WFC much better before when we knew there'd be at least some kind of notice beforehand. These days, people get laid off without even suspecting something is coming. And yes, I know layoffs are ongoing and we are never safe... — read more
When do you receive your personal items from your office when displaced?
I’ve heard a few stories of missing, broken items and some people who have been waiting almost six months and still nothing has been sent to them. I’m sure Covid can be used as an excuse but not that the country is lifting or lifted so much, I’d like... — read more