03/25/21

The WIM Compliance Shared Services team is being laid off next week. The team is being replaced by WFAM Compliance team members who received excellent performance ratings and are not joining the private equity firm.

I heard from a very reliable source that Internal Audit will be experiencing layoffs this week. Would appreciate it if anyone can comment on what they know as well if they have heard what groups will be/were hit.

In Technology, is scrum master/ kanban lead a secure job title to move? Saul mentioned to upskill and move towards secure job title? And also many teams are making a delivery team member play kanban lead role ( QA or developer conducting daily... — read more 

Can someone just tell me what are the hub locations? Can you provide any formal official source?? We are not even adopting a hub strategy and why we even talk about hubs?? I am so confused. It seems to be just another mess.

Has anyone else been prevented from posting for a new role with the company, had their application rejected, or weren't given an offer because they weren't located in one of the hub locations? I was the top candidate for a new role at Wells Fargo... — read more 

We used to have sales goals now we have complaint goals. “You’re branch only had 15 complaints last week, you need to pay more attention because you must have had more” complaints, complaints, complaints enter them all if you don’t have enough you... — read more 

Do I want to lose my job? No. Even with severance, finding something new at this point could be tricky. Still, it would be preferable to this. The ELT has been doing everything in its power to make our lives miserable and it's working. I went from... — read more 

With all the business changes happening in WIM, when are they going to restructure, realign and lay-off compliance employees in WIM Compliance? Thought it would have happened by now. What are they waiting for? Also, when is the Chief Compliance... — read more 

https://www.marketwatch.com/story/citigroup-wells-fargo-bank-of-america-urge-shareholders-to-vote-against-racial-equity-audits-11616026865 If you own shares in this company as an employee AND you are sick of seeing jobs go to india, here is your... — read more 

I’m only 44 but I think about retiring every day. How many more years of this will I have to do before I am free? Is this normal? Do other people in banking feel this way? What is your target retirement age and how much in investable assets are... — read more 

Things are not good at WFC right now, I understand that. We are having layoffs left and right, benefits are taking a hit, people are getting tired of it all - but is it really that bad to accept a pay that's barely half as much as what you earn here... — read more 

We have the ability to earn health care $ via Rally. Our systems auto sign you in with out normal login. That's really nice right! Well then you go into Rally and most functions don't work because we use a non supported internet explorer. Try to... — read more 

Seems like a lot of people have grown complacent (again), due to not fully understanding the length of time it takes to complete layoffs of this projected magnitude. Not sure what’s worse, panic mode or people thinking they’re untouchable. — read more 

A recent comment claimed today was going to be a day for JD , seems quiet.

Of course 🙄. Oh well, all the other banks probably crashed from the extra traffic too. Yeah, no.

Resources in non engineering titles will not be permitted to register for courses in engineering academy I am a non engineering tilt level and was able to register and attend courses to upskill Does this mean we can expect layoffs of non... — read more 

Anyone here uses Cobra after being laid off? How expensive is it? Can we keep dental only via Cobra or we have to have both medical and dental? I have some dental procedures being done and I would like to keep my dental insurance just as is until... — read more 

TL;DR - Look at all of the wonderful things I did for you all last year. Oh by the way, get your a–es back in the office the second you get that vaccine.

1) Ready to be done with this place 2) Are fed up with getting lip service and no leadership 3) Tired of the b—s— 4) Ready for better leadership elsewhere Let's see how many likes we can get! Simon says, a lot of people are fed up. — read more 

Good job guys. Normally I sympathesize with other business groups when they have issues, but tech tends to be so condescending, inflexible, and elitist I'll make an exception.

Hi everyone, I am tired of this environment. I developed anxiety because of the constant threat of layoff. Therefore, just thinking about moving to a buy side. Is it really that hard to move from WF to a buy side firm?

I support women and would rather show my engagement through real life events. I don’t see how hampering ones expression with a forced pc background image does anything but lower morale.

Those who are leaving - and based on the posts here there are quite a few of you - help me out, please. How long did it take you to find a job that pays at least somewhat comparable to what we make here? I assume most of you did since I doubt so many... — read more 

Considering taking a trip and not using PTO, but working my normal hours from the hotel. Anyone ever travel to Mexico/Europe/Asia and bring their work laptop?

CEO Pay Ratio For 2020, the annualized total compensation of Mr. Scharf, our CEO, was $20,392,046. This amount equals Mr. Scharf’s compensation as reported in the Summary Compensation Table. The estimated annual total compensation of the median... — read more 

I was told from a reliable source that they will be doing "blanket" layoffs to push people out. Are they eliminating/displacing people based on a blanket title elimination? For example, in recent posts, someone mentioned that are they eliminating... — read more 

A huge majority of us here in HR are just regular people trying to make ends meet. I know about many who care about every single person we interact with and we are trying to make it easier for everybody. At the same time, we have to follow directions... — read more 

I am a hiring manager who has recently deal with HR in recruiting for new positions on my team. in case anyone wonders why we don't seem to hire the right fit for jobs, know that HR/recruiting is essentially running the show now. The hiring... — read more 

I've seen several openings for remote jobs that'd be perfect fits for me but I haven't applied for any of them yet. I'm worried that once more companies start bringing back their employees to the office, I'll be screwed. These are all supposedly... — read more 

@OP+19SP1X1Q Here. Wife fully supports me leaving the workforce. Loves her job and has no desire retire. Plus annual bonuses bring her in close to $200k gross. Thanks for the positive feedback. Too bad there are so many people that cant seem to... — read more 

I tried to find links to deadline with instructions. Teamworks search yielded nothing. Yes, I should have arranged for this sooner. Recall seeing emails. Not lazy, just really busy. Is deadline today, 3/15, to cutover to using Skype for... — read more 

Is the bank doing multiple overnight deals with stimulus checks and profit from them before paying folks their money? They seem to be waiting to score an own goal again.

Is it just me or a lot of people randomly “offline” with no out of office messages on...?

Dear layoff deciders, Please don't forget about little Auto. Letting go a handful of managers is an ok start, but let's get to the real cost savings. There are functional redundancies galore. Entire redundant teams of 'consultants', 'liaisons'... — read more 

Has any company ever successfully cut its way to long-term profitability? I know layoffs look good on paper for the first few months but when the lack of productivity of the laid off employees catches up, things start to look muddy. Considering that... — read more 

$1.9 million stock market, $500k of which is outside of a retirement account $360k cash Own both cars Wife make $150k per year. I’d be walking away from $170k per year. Up vote for yes Down vote for no

I see people trying to make sense of layoffs here, speculating it's always the first or last week of the month, or a certain group gets hit on this or that date, or major layoffs happen once each quarter... I understand a need to try and predict... — read more 

The pattern seems to be that layoffs happen during the last week of each month, usually but not always on the Thursday. So who will get hit in March? People in my group are so anxious it’s affecting their health. My manager is so nervous he’s... — read more