Seeing lot of job requirements for Digital Consultants. Just wondering what exactly they do and do we need so many of them? Anyone with more info care to shed dome light?
All the things we have to contend with
Working at WFC means having to contend with unprofessional managers nepotism-driven promotions no focus barely any talent loss of revenue due to bad decisions no accountability for many mistakes no direction bleak... — read more
Wells Fargo's likely role in Archegos could draw regulatory scrutiny
https://finance.yahoo.com/news/wells-fargos-likely-role-archegos-102944421.html JP
Did RBP's get displaced?
Is this true? Did some Regional Bank Presidents get displaced? Doesn't surprise me, since some were the main culprits of the gaming Regime when s—ing customers dry for core solutions and benefited from it. Some were the DM’s that would make... — read more
Morale
Do you think morale, and TM engagement and sentiment is worse here or the New York Governor's Office? Lets hear it. My assessment is it's at an all time low.
It's not just layoffs
Wells Fargo has stepped up firings as well. They seem to be looking for any and all reasons to kick people out - anything that'll not get them into a wrongful termination lawsuit mess will do. Make sure you're extra careful not to mess up, even if... — read more
WF employees: This is ominous activity
https://www.thelayoff.com/post/@OP+1a62flHa My husband who specializes in this activity within industry says something is definitely amiss. This is serious and Scharf wont be able to cover this up, if anyone is looking. Interesting that the... — read more
Marketing bloodbath
Just saw some announcements about re-org and displacements happened last week all over Marketing. All of the groups were impacted as far as I can tell. A lot of spans and layers type adjustments with small team managers turning into ind cont roles... — read more
Did you get your final paycheck and payout of your accrued, unused PTO?
For people who resigned voluntarily, how long did it take for Wells Fargo to send you your final paycheck and the payout of your accrued, unused PTO? Especially interested in those who are located in California.
Liquidity event triggered?
https://www.bloomberg.com/news/articles/2021-03-29/wells-fargo-said-to-execute-four-block-trades-worth-2-billion Any one know what kind of gsib exposure wells had to cs? Raising $2B overnight looks....ominous. Was that a forced trade? ... — read more
Wells Fargo is becoming better.
The cooperate interns that I are coming have really amazing skills and experience. They are coming from top schools and have insane amount of relevant skills. Right now the count is with 300+ interns at many different locations all over the United... — read more
david trotter loa?
anyone know the story of why David Trotter was placed on leave of absence effective immediately?
New WIM head of Diverse Segments.
Another chase hire. What's interesting is he was a regional head of middle market banking. Doesn't seem to have any diversity Mgmt experience
WF settles wage theft lawsuit of home mortgage employees
https://www.housingwire.com/articles/wells-fargo-pays-96m-to-settle-lo-comp-lawsuit/ Wells Fargo agreed to pay $95.7 million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour... — read more
Dead end job
Did I imagine a time when working here actually meant you'd be making decent progress depending on your drive and willingness to go the extra mile? Or has this always been a dead end job? It certainly has been feeling like one for the past several... — read more
WALKK OUT/CALL OUT APR 30,May 1 and 3
You will get displaced from one day to another your life will change just like that. Do you think the higher ups care about you?? Absolutely not so why should you??? I propose we call out on APRIL 30 MAY 1 and MAY 3. You won’t get fire for calling... — read more
IF I WANTED TO WORK AT CHASE I WOULD HAVE APLIED THERE
Just like many of my peers I applied at Wells because I wanted to work there. Over the years we went thru ups and down and we always came out of it to become better team members and serve our clients. However this time everything is just much... — read more
Branch Banking changes call
All DM, Region bank presidents, and branch managers have a call Monday 3/29. No idea what the update will be but I’m expecting an announcement that the service manager position is going away. We’ll see what happens though.
Last week, I had a job. This week, I do not.
You never know what tomorrow brings. I hope I find something better and soon and all my former impacted employees, as well.
Real fat never gets cut
I understand we need layoffs as so many people pointed out in several threads so far, but what I don't understand is why they keep cutting people from busy departments that are already struggling with workload? You can't tell me that's "getting rid... — read more
Standing up for Wells Fargo employees
To the parrots who keep mindlessly repeating the “Wells has a lot of dead weight” line. Can you intelligently explain where you’re getting your data from? In other words - I’ve worked for the firm for quite a while now, and at most, have only... — read more
A year and a half later
It's been exactly 18 months since Charlie took the reins and I see no substantial improvements from where we were before him. The stock has been improving lately but it's still far from the $51 it was when he took over. The only thing he did was to... — read more
How worried should I be about next week?
Since it's the last few days of the quarter, what are the chances they'll decide to drop some announced layoffs on us to appease the shareholders if the numbers are not shaping up to be what they want them to be? I haven't been here for long so I'm... — read more
Compliance / Risk Layoffs
Chainsaw Charlie got his bluff called by regulators when he tried to layoff compliance / risk. The entire risk organization is now even more skewed and has decisions made by leaders who HAVE NO IDEA about how we got our name in the news so much! ... — read more
Should I join Wells Fargo?
Hey All - Just got an offer from Wells Fargo. I have been following this thread lately to gather some perceptive which I will need in order to make the final decision. My offer is from Corp Risk. I am curious to hear from you folks who might have... — read more
IF YOU GET LAIDOFF AND YOU KNOW YOUR JOB IS BEING OFFSHORED PLEASE READ BELOW
Government Assistance You may be entitled to claim financial assistance and help with retraining if you lose your job to overseas competition under the terms of the Worker Adjustment and Retraining Notification Act. The act requires most employers... — read more
One more from JP Morgan Chase to join the Stagecoach
https://www.bizjournals.com/charlotte/news/2021/03/22/wells-fargo-names-a-senior-digital-executive-bas.html
100% remote work will not be a thing for good
I know a few people who moved away in the last 6 months or so. Basically, once they concluded WFH is most likely here to stay. Another friend is considering the same and I can’t convince him he’d be making a huge mistake. How can people think that... — read more
I propose a new plan for vetting all cost-cutting ideas. Let’s call it “What’s Good for the Goose”.
The What’s Good for the Goose strategy is for Charlie and the Senior Executives to personally test and vet all the cost-cutting and “efficiency” ideas that come their way. If they approve such an idea, then they get to work with it too! A few... — read more
Federal Tax Withholding Changes
Anyone else get to pay Federal extra taxes this year? WF HR change the behind the scenes tax with holding tables. Many employees are getting shocked when filing taxes and having to pay.. Call the Ethics line on HR!
Brutal
I was laid off yesterday. Received an IM from my manager asking for a few minutes of my time. While I am being told my job has been eliminated, I watch my work lap top and phone were being shut down. This was at 7:46 in the morning. Another... — read more
Feeling so sad
Endless layoff, endless pressure, endless pandemic and endless sadness. Hope who got laid off can get something better. I am getting tired of everything here.
Lay off today- call reps
And possibly management? Laid off. Today. It was via conference call so I don’t know who or the total number displaced. At least 20.
Equities CIB
Today CIB .Wells Fargo let to 19 administrative assistants...mismanaged antiquated museum place....awful. shut down fixed income and muni...
Regional Service Advisor siting
I’ve been working at the branches for years now, even through COVID. Prior to COVID, I saw the RSA probably 1-2 times a week for about 30 minutes before they went to lunch and never return. During COVID, I saw the RSA once and, today, one magically... — read more
p-ss-d about being laid off? remember this one thing.....
A lot of folks were gifted shares of Wells Fargo a few years ago. You are part owners and therefore can vote on items. Use your powers to research the various topics and vote with conviction.
Layoffs
They happen all the time. Seriously, if you're not preparing yourself and out there looking for other opportunities on an ongoing basis, you're not doing yourself any favors. You're not promised anything. Your employment with Wells can end when they... — read more