In instances when the whole team wasn't let go, how much of a say did you have in who on your team got laid off vs who got to stay? I realize times might be different now, but I'm wondering how it's been in the past.
3/25... merry late christmas
Let the AXE BESWINGETH
Change Management Losers
Who made this process here? This is pathetic. People with no understanding in technology checking the CR's for spelling and grammar issues, then no one ever checks if changes were completed or if other changes were made at the same time. ... — read more
False promises
If you are promised a promotion, raise, or a bonus and you don't have it in writing, it's not happening. Wells Fargo managers are full of false promises when they're in a bind and they need you to forget you have a life outside of work to finish a... — read more
SAVE THIS POST: What to do if laid off and over 40 years old
ALWAYS REMEMBER: The banks first priority is to the banks bottom line, not to you. Relax and maintain your professionalism. So far over 30,000 of your peers have faced the same thing. Be calm, be polite. Be considerate that this probably... — read more
RIP your portfolio
I hope you hedged your long! Its goin doowwwnnnnnnnnnnnnn
Does anyone with power care about this site?
Do you think that anyone within the company that has any power to do anything care at all about how bad they are being portrayed on a public message board. This message board shows serious issues with employees and many employees may be actively... — read more
Apply for internal job while over 40 and rejected, but post remained open? You might be entitled to money.
Heres how to make some additional retirement money if you are over 40: Apply for an internal job you are qualified for. If you get rejection but post remains open, file an eeoc claim for "age discrimination" here: ... — read more
Wells Fargo Workers Tell Judge They Paid Hundreds to Meet ‘Strict Dress Code’
https://topclassactions.com/lawsuit-settlements/employment-labor/1014053-wells-fargo-workers-tell-judge-they-paid-hundreds-to-meet-strict-dress-code Uh oh. Dont look now. Employees are fighting back! Chukkie has poisoned well so bad... — read more
Wellss Fargo is holding Trumps junk (debt)
TIMBER!!!!!!! Now you know why charlie is h3ll bent in cutting expenses (anf employees) and shedding assets as fast as he can. When this all shakes out its gonna leave one hell of a... — read more
How long will wells fargo continue paying dividend?
They missed earnings previous quarter and last quarter was extremely weak. Will they be cutting dividend by half or to zero next quarter?
Two types of managers
I've had two types of managers while at WFC. There are those who have no idea what they are doing but at least they are decent people who show appreciation for us and treat us decently. Then there are those (I have one like that right now) who are... — read more
Look out Charlotte
All the consulting companies are beating the bushes in Charlotte for people with Selenium and JIRA so you know what that means. They are replacing people they are going to layoff or have already with contractors whose salaries they can write off and... — read more
Does anyone know when they will be selling off the insurance business?
Those losses on commercial side must be pretty big if they selling off corporate trust. Any word when they will be selling off insurance?
Of course I expect layoffs
When you get sent to the new IT Portal and the first thing you see is half the screen filled with a grinning lady with a nose ring on the site.... you know you absolutely work for a company that has other priorities than making their employees or... — read more
Does anyone know how many nonperforming loans wells has now?
An empty mall the bank has on their books is worth significantly less. So are all thise shopping plazas wells invested heavily in over past decade. Anyone know how much CMBS jingle mail wells is getting these days from all these nonperforming... — read more
WFHM Layoffs
What positions are being targeted in upcoming layoffs?
Corporate Trust Sale= $750M & 2K Employees
https://www.businesswire.com/news/home/20210323006085/en/Wells-Fargo-Enters-Agreement-with-Computershare-to-Sell-Wells-Fargo-Corporate-Trust-Services
Human Resources Chatbot
Good luck trying to get ANY help from an actual English speaker on HR ServiceNow. What a DISASTER for the company. No kidding, I dont care where you off-shore, but for goodness sake, PLEASE staff the live chat with actual English speaking... — read more
Any updates on all the CMBS bankruptcies?
Their off balance sheet exposure to malls and hotels is epic. Anyone in bankruptcy, commerical loans, or special servicing have any updates on the losses this quarter?
Which divisions will be next to be sold off to generate cash from this failed bank?
The fail to generate any meaningful revenue growth and their only playbook is to cut staff. Will this bank even exist in 5 years?
Saul is s-xist (unconscious bias)
During his meetings he always says "margie is always correct" and treats her in a way he would not treat a man who helped him the same way during calls.
Is it just a matter of time?
What are the chances we'll still have any call centers here in the US five years from now? I'm starting to worry that every single one of those jobs is destined to be outsourced. Some sooner than others, but the way things have been going all of them... — read more
Displacements Wave Coordinator
Searching jobs and came across this “newly created” role. Pretty telling.
Which Groups in Technology will be the first to be impacted by layoffs in the coming weeks?
Anyone on here know any details?
SvB AMA Thread 3/23
EIT AMA Thread - Thoughts?
Wanna be a manager? Unless you already have experience, you're SOL.
With spans and layers, the only way a person can realistically become a manager is by already having experience. The associate manager roles, where you could manage maybe 3 people, were a great training ground for newbies, but now EVERY manager must... — read more
RIP your portfolio - Asset cap wont be lifted for YEARS
Total change in strategy (again!!!!) Vapourware stock. Got hopium?
CTS rumors
Anyone have any details on CTS (Corporate Trust Services)? Hearing rumors Wells plans and in talks to sell.
Why do people still act like laying off is a big surprise
Everyone knows Wells plans to lay off people. It is happening and will continue happen. It’s not even news. Panicking and complaining all you want but there is nothing you can do. Either go with the flow or get out. Such drama!
Monday, Monday, can't trust that day
Another uninspiring Monday morning. What will the week bring for WF People?! More layoffs? Sounds like it. Who's tired of this environment of no support, being told to do more with less, and nobody having your back? I am trying to either get a new... — read more
EEOC filing and WF
Does anyone have experience with filing with the EEOC against WF? If so how long did it take with a lawyer? What does the process entail? I assume WF has a specified amount of time to respond to the EEOC and can't drag their feet?
Tech is bad
Wfc tech strikes again. The new explorer doesn’t open many of the sites on A-Z, can’t open the required CE training, etc.. what a JOKE— great job, can I have my old version of explorer back...
WFA Ops Virginia Closed?
News says over 400 people . Jobs moving to overseas.
Frederick, MD Campus
https://www.loopnet.com/Listing/8480-Stagecoach-Cir-Frederick-MD/21479785/
This time, the rumors are true..
A very tough week ahead, leading to Thursday. Multiple LOBs impacted, and some will be hit pretty bad. HR has been preparing for it for a few months now. Good luck, everyone.