Our team keeps losing people (just in the last three months one guy moved internally and one quit) and there hasn't even been a peep about bringing in people to replace them. I know this is one way of reducing headcount without layoffs but we are... — read more 

Looks like Wells Fargo's competitors in the lending space are moving further ahead. I know WF isn't a big player in this space, but this highlights how much behind the company is versus its competition. Digitizing lending information is the new... — read more 

Are we finally going to rip off the Band-Aid on months and months of uncertainty? I'm hearing the time has finally come (or finally coming this month, I guess). How's everyone feeling about their prospects of staying in the new COE structure? Is... — read more 

https://www.linkedin.com/pulse/us-companies-can-legally-hire-foreigners-living-other-rich-mba As a general rule, wages earned by nonresident aliens for services performed outside of the United States for any employer are foreign source income and... — read more 

A coworker gave his two weeks' notice on Monday. He's been with WFC for over a decade and he felt like he was passed over for a promotion one time too many to stay. Here's the thing: he's 53 and he had zero problems finding a new job. In fact, he had... — read more 

Is anyone relocating to a hub this Fall? If so, What are the expectations on timeline?

https://www.businessinsider.com/wells-fargo-top-mortgage-producers-leaving-droves-housing-market-2021-5

https://news.bloomberglaw.com/daily-labor-report/wells-fargo-faces-certified-call-center-collective-wage-action Workers allegedly not paid for pre-, post-shift tasks FLSA collective certified, but some bound to arbitrate A lawsuit... — read more 

Does anyone know FIRST HAND of any plans to reduce the severance package?

A 'parabolic move' in the market To some degree the Wells Fargo exits are tied to the cycle, analysts said. Low rates and fat profit margins have increased the ability of nonbank lenders like Guaranteed Rate and LoanDepot to poach talent, adding a... — read more 

The largest home lender among US banks is hemorrhaging top talent in the midst of one of the hottest housing markets in recent years. More than 20 top mortgage bankers, or branch and market managers focused on home lending, have left Wells Fargo... — read more 

A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile. The North... — read more 

Let’s the Clown show begin

Last time you asked your manager a work-related question that's within their purview, did he or she know the answer? Or did they brush you off and either sent you away or changed the subject? We've been getting so many incompetent managers lately... — read more 

https://www.foxbusiness.com/money/wells-fargo-former-interim-ceo-parker-steps-down-as-general-counsel

I'm not talking about Agile, this is different. Apparently something some teams will be merging in to. It seems no manager can tell anyone about it. Does this lead to a new round of layoffs for whoever doesn't make it in to a squad?

So do the big banks just recycle the same executives?

With the process of being promoted from a premier banker 1 to the new “premier banker” position. How much does the pay change when the promotion occurs?

Please share if you know of any layoffs coming up for these titles.

Anyone heard about layoffs for these two titles? Trying hard to get through here because I don’t have the luxury of looking for a job now. Please be kind! I am just a concerned employee wanting to know more.

Do you ever just want to wake up and send your email that says "I'm done, put a fork in me?" I feel like that today. This place wears on you, it's toxic, uncooperative, sterile, cold, disengaging, and brutal. You fend for yourself, every single day... — read more 

If you’re looking internally, be careful. I had one interview with a group and two weeks pass, I never heard anything. Apparently about that time the hiring manger decided to reach out directly to my manager (without my knowledge or permission) to... — read more 

Even though I heard multiple times that this is Corporate America and that the toxic environment and the constant threat of layoffs is present at every bank and not just WF, I’m not sure that that’s entirely true. I have a couple of friends that... — read more 

Does anyone have any insight on the next round of layoffs for the retail branches? And which positions the focus will be on?

I just had to take some Develop You course and noticed they all were from a third party, some company called LEO GRC. I am guessing where that company is from. No shock there considering how we want to outsource everything.

WFC seems to attract a very specific type of people (I wish I was talking only about the many layers of management we have but I've seen it too many times among the 'regular peons') - hateful, nothing-is-my-fault... — read more 

Another one opens. It's hard to believe during a pandemic, but keep reminding yourself of that.

https://m.economictimes.com/news/economy/policy/wall-street-giants-get-swept-up-by-indias-brutal-covid-wave/articleshow/82439513.cms Ftfa - notice no option of shifting work back to usa.... A Wells Fargo employee said some work is getting... — read more 

https://www.statista.com/statistics/250220/ranking-of-united-states-banks-by-number-of-employees-in-2012/ Now you know why the #1 priority for Chuckie is to get rid of American employees. At over $65,000 each, just dropping 10% of american... — read more 

Communication about updates to the business has been a disaster. Get ready for client transitions. Is Barry and his team able to handle getting done with changes and focus on getting back to business.

Gandhi warns 'explosive' COVID wave threatens India and the world (yahoo.com) "India is home to one out of every six human beings on the planet. The pandemic has demonstrated that our size, genetic diversity and complexity make India fertile... — read more 

I'm not pro-union, but one issue that could probably be impactful is to pass out flyers to join a union. Schedule union recruitment meetings at WF. While it's possible to create a union workforce with remote employees, face-to-face meetings and... — read more 

So Chainsaw decided to give $3 million to Charlotte for racial whatever as he continues to buy recovery from his own racist comments. The money he spent this week was really a cover to justify attending the Wells Fargo Golf Tournament and rubbing... — read more 

Lots of opportunities out there. I have been interviewing internally and externally and it seems the market is good. The process is a little slow but it's moving. Anyone seeing the same?

This sh!t never ends!!! https://seekingalpha.com/news/3692423-wells-fargo-stock-slips-to-flat-after-report-of-cfpb-probe?utm_source=news.google.com&utm_medium=referral

Anyone understand what is happening and how many people will lose their jobs end of May? Hearing massive restructure with huge talent drain. As if it could be worse. How will work get done with no team and continued talent drain, morale destruction?!... — read more 

https://www.nytimes.com/2021/05/07/business/washingtonian-staff-protests.html

“Buy more ... That's the cheapest bank. It's going to be the best bank. I have faith in [CEO Charlie] Scharf"

Any ideas on relocation? Are we still going to be asked to move to hub cities? How does this fit in with RTO? There's still no consistent messaging on this coming from the C-Suite. At some point decision need to be made and direction and policy... — read more