I was let go at the beginning of the month. The only thing going for me is that I’ve been preparing for this for over a year. I was a bit depressed and for a week or two I was asking myself what I could have done to avoid being cut. The only answer I... — read more
CORP COMM DISASTER
I’ll start. How many people know people who were laid off Th in corporate communications? And how many people know people who were demoted? And how many people know people who were moved into roles with no manager, no job description, no clear... — read more
Be prepared, folks
Everybody who was able to do their work comfortably from home for the past year should have a backup ready. The ELT is looking to outsource as many jobs as they can and the past year provided them with a good indicator of which jobs were performed... — read more
America’s worst bank
https://247wallst.com/banking-finance/2021/05/21/wells-fargo-is-americas-worst-bank/ The Harris Poll is one of the oldest, most widely regarded polling companies in America. It has done a company reputation survey every year for decades. Recently... — read more
India is getting corporate iPhones while USA gets BYOD
One of the nice things about Skype persistent chat is I can read the discussions that our EGS peers have when I log in the next day. Today I found out that our EGS partners are all getting corporate iPhones while US folks are having them taken... — read more
How many people got laid off today?
I know there are small layoffs at WFC all the time, but today seems to have been different. I know of at least three different areas that were hit and I see some more mentioned here. This worries me because there was zero mention of a more... — read more
FRA program being completely disbanded
All remaining FRAs will either be laid off or pushed into commissioned roles with an immediate 50% salary reduction starting July 1.
Laid 3 senior service engineers from Middleware IT today (5.20.21) without notice
No notice, their last day was today. They apparently got a package but no one knows what it was. Vile company.
New structure in Corp Comms
Found out I’m being moved. Asked my boss and no one has details. no job description and no one knows what is going on. Grateful to have a job but managers are clueless. Isn’t this what you are all paid to know? pathetic.
Systems QA associates laid off today
Few systems QA Associates were let go today in my team 4 others including me are safe for now. Wondering what was the criteria for layoff?
ANY NEWS ON WELLS SELLING ANY MORE LINES IF BUSINESS SUCH AS WEALTH?
WF RECENTLY SOLD THE CORPORATE TRUST TEAM SO ARE THERE ANY RUMORS ABOUR OTHER SIMILAR ORGS BEING SOLD SOON TOO?
I got layed off today!
Got the package today. I was in the technology group. I'm now retired with a sweet retirement package. Wells Fargo did me right after more than 20 years of service. I'm feeling great.
He leaves companies worse than he found them
Charlie talks a good game, but that’s where it stops. He tends to move on before he is discovered to be not much more than a CEO who blames the help, attacks expenses, and otherwise offers no interesting ideas. Basically, he’s a corporate task... — read more
What's the scuttlebutt in Auto?
Who has the scuttlebutt regarding upcoming layoffs, spans and layer changes, etc. in Auto? Who has the four-one-one? The inside scoop? The haps? The DL? (Only gentle responses are welcome.)
Wells Fargo Executive Team’s Warped Priorities
Per an article from Zacks Equity Research yesterday: “Nonetheless, after the Fed's second round of stress test and subsequent approval, WFC resumed repurchases in first-quarter 2021 and raised its share-repurchase authorization by additional 500... — read more
What about Quality Monitor position?
Lots of talk about the QA roles in technology going away, but what about Quality Monitors? My teammates and I are all Quality Monitor role in HL Business Excellence (old SORM). Any word about our roles being cut/moved to something else?
BANKING- Wells Fargo Analyst Predicts US Banks To Shed 10% Of Jobs
Bank analysts say the U.S. banks might end up cutting as many as 200,000 jobs in the next decade as consumer banking behavior undergoes shifts, a report from Financial Times says. Wells Fargo analyst Mike Mayo said it could be "the biggest... — read more
CLT Townhall
Again we have executives that can't speak. They really need to attend a public speaking class. Hmm, ah , yea, hmm..good lord. It's exhausting just to listen.
RIP - Your Career
6/24/21
Which banks still respect hard work?
Is there a place where I can go and know that if I excel at what I do, I'll be rewarded accordingly? I know that Wells Fargo is not that place, it hasn't been for years. I'm in my forties and I'd like to move my career forward but it's becoming more... — read more
Why are there no layoffs in consumer lending technology??
I have seen very few layoffs in this group, is if because they are a profitable group?
Wells Fargo wants to be a hedge fund
According to this analyst in the article link below Wells Fargo is going to layoff lower level workers because they are going to make money giving financial advice. Talk about a company that is in denial. Why would anyone take advice from a company... — read more
Just finished watching an older movie, Under Siege, on Netflix. A line reminded me of working for Wells Fargo.
Steven Seagal, an ex-Navy SEAL, is trying to stop a group of mercenaries, led by Tommy Lee Jones, who have seized a US Navy battleship. This movie is the good guys fighting the bad guys. Near the end of the movie, Steven Seagal, the good guy... — read more
Location strategy, again?
Seems like this is bubbling up quickly again and we will go from lockdown at home to lockdowns in a smaller number of centralized locations.
More branches to close
https://www.bizjournals.com/philadelphia/news/2021/05/17/wells-fargo-closing-21-more-branches.html
Seems like less and less people are giving a well advanced notice of their departure from Wells
It just happened last week. A very key player in a modestly high position announced he would be leaving. But instead of the "In three weeks" or "In six weeks" or even later, it was "In 3 days"! I have seen the "leaving and my last day will be... — read more
What's up with BofA Folks?
Have been seeing lot of new folks (hire up and ICs) joining from BofA (happy for all of them, but asking out of curiosity)..
how do i get pay raise
I am looking for 20% increase in pay, manager doesnt speak english; does anyone know how I can complete my raise ?
The layoffs seem to have slowed down at least
For now. Seems pretty quiet.
The Agile Fraud
Is it just me or is Agile a complete fraud. For every hour of work i do, i spend 24 hours doing what i would call process related work. I have to attend hours of scrum calls, story planning meetings, hours to write out user stories, hours to give... — read more
Question for anyone who works in a fraud team
I work for one of the fraud teams at Wells Fargo, we keep loosing more and more people, either leaving the department to go to another investigations team internally or to another bank/job. Our weekly case amounts have now increased to levels that I... — read more
Workers in India only working 4 hour shifts?
I was told that our support team members in India could only work in 4 hour shifts right now due to Covid. Is this true?
Dumping more and more work on us
I feel that this is a never-ending process. Our group just keeps getting smaller and as people leave for other jobs or retire. The company doesn’t hire anyone to replace the people that are gone and the managers just dump the extra work on the rest... — read more
Drip drip drip
Every day, I check the employee count on teamworks and it goes down about 150+ employees a day. I have to update my email distribution list weekly since I always have to remove all of employees email addresses with a 'zz'. So depressing.
New Mortgage Structure
What does everyone think of the new mortgage structure? Most of the people I know are all afraid for their lives b/c of being micromanaged. We get our emails listened to with technology that tells us when a complaint has been identified, told when to... — read more
Midyear reviews: new option for self-evaluation on CP&D tool.
What do you think about this? What are the gotcha ya's are there?