Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Charlie is not the big bad wolf

He is doing the job that he was brought in to do. Sloan and Stumpf ran this company into the ground. Literally. Charlie has the messy job of turning it around and he is on the right track If you are scared for your job that means you got... — read more 

Who does Charlie stand up for?

Charlie stands up for himself, his money, filling top jobs with largely white male former cronies, his chainsaw, his stock options, his lackluster Jamie Dimon impersonation, his friends at the country club, and stepping on others to get ahead... — read more 

Charlie is doing a great job, just not for us

People here are so funny sometimes, thinking Charlie is a bad CEO because he's laying off employees. That's what actually makes him a great CEO in the eyes of the board and shareholders. He is not afraid to cut costs, which is something they are... — read more 

Working on PTO

I love working on PTO to meet arbitrary deadlines. That’s it. Back to work. Thanks

Getting rid of experienced employees

I have to state from the start that this is not just a Wells Fargo issue, this is the entire industry's issue. It has become a custom to cut experienced employees to fix the problems created by incompetent and self–serving upper management. This has... — read more 

FInTech Takeover

Top 5 Tech companies that might merge with Wells Fargo IMO Microsoft. CS is on their board. Perhaps a double agent. Microsoft can afford to spent around 10 % of their Market Cap and a good way to grow their business even further. New Name:... — read more 

Internal Recruiting

Anyone else having a terrible experience with the process? Interviews, then nothing, no communication, no decency, just plain unprofessional. Everything takes forever and a day. Never seen anything like it.

Site closures

One reason employees are laid off is that the company simply wants to close the site. Maybe they are selling the building, maybe the lease is up and the cost is to high to renew, maybe the building doesn't fit into the location strategy, whatever... — read more 

I hate not having an option to walk away

I hate working here. It’s not just the bad working conditions and everything that entails. I have to struggle with the morality of what I do every day. I hate even more that I’ve been trying for a long time to find a new job but outside of moving I... — read more 

Don't burn bridges if you don't have to

I see so many people here bragging about planning to leave without even giving the two weeks' notice and others cheering them on. While I know it's so tempting to stick it to the company or your manager, I'd ask you to reconsider for your own sake... — read more 

Interesting article, if you’re in the mood.

https://www.yahoo.com/lifestyle/mcfamily-feud-scandal-lawsuits-cultural-103050326.html This article is from April 05, so some may have already read. It’s long, but an interesting read because in some ways (not all), it mirrors the changes and... — read more 

CISO left, he wasn't fired

He moved over to iCapital as CISO. I find this more disturbing than him bring fired. This means he was looking for some time now like the rest of us. A new CISO means new thrash and even more reorgs. It is going to get difficult soon I think... — read more 

Attrition

Regarding my previous post... I told my supervisor she is the worst manager I have ever had and an even worse excuse for a human being. And I'm still here. No need to hide. More context: I got away with saying that because if she went to HR to... — read more 

It's sad reading all these posts

I come here to guage sentiments and morale. All the posts on this site are symptoms of: Poor & ineffective communication at many levels Failed leadership & EE engagement Failed relationship management A lack of mentoring and... — read more 

Innovation

We must innovate, if we don’t, we fail. We got the best people to do this, Rock on!!

Not keeping it in the family

My nephew graduated last year from college and has applied at quite a few companies but has had no luck in securing a job. He has considered applying here but I am adamantly against it. Am I wrong for not wanting him to work for WFC or should I just... — read more 

I don't get their logic

They implement a new process, give us no training or explanations, we manage to figure it out through trial and error, and just when we think we can move on and continue to work normally what happens? They implement a new process, give us no... — read more 

Morale issue

So I am a new grad joined WF last year through a campus program. Interestingly, when I talked to my peers in the same class, quite a few of them mentioned that they started looking for jobs already. Is that really what the management want? A really... — read more 

Which Executive is next to be Chopped?

With recent high level Executives departing like head of HR and CISO. Who is next? I would assume it would be someone that was not originally hired by CS. Below are my rankings from highest probability to lowest. SVB M.Norton P... — read more 

Curious - WF units and divisions being sold off

I am part of the group of non core assets that announced a sell off from WF. We are all waiting anxiously to see what is next for us. Question is, with the new WF office space we have been in, does this mean WF would no longer have us enjoy our... — read more 

Hubs

Does anyone know of groups not doing hub locations? I'm in risk and was recently demoted for the second time in 3 years for "reorganizational efforts"...whatever that means. My morale is at an all time low. I have applied for other jobs in risk... — read more 

Galloreese is out!!!!

Best news ever. Charlie may not talk much but boy can he size people up and drop kick the bad apples.

Get Out Now: 7 Signs of Bad Business Leadership

1- The Use of Fear-Based Tactics/threats to control employees 2- A Variety of Communication Missteps 3- Interoffice Politics and a Divided Team. ... 4- Constant leadership upheavals 5- Morale is Low 6- There Is a Revolving Door of Talent 7-... — read more 

Wells Employees be careful when viewing this site

We are being asked to look at proxy logs to see if anyone is viewing or especially posting to this site. I also believe it is about to be blocked. Remember nothing is really anonymous if you are using a corporate device or the guest network.

tech location strategy

for anyone that was asked/told to move to a hub location: now that they've announced back to office in September plans, are you being asked to relocate by then or any updates on the process from anyone in the know? Seems like SVB has gone a little... — read more 

401K match question

I’m newish (2nd yr) is our match unvested throughout the year and the cash is just held back until year end OR are we losing out on dollar cost averaging bc the match is all invested at once on one day at the end of the year?

Happy Song

https://www.youtube.com/watch?v=y6Sxv-sUYtM

Is there a ranking of the worst places to work for?

I just looked at Fortune's 100 Best Companies to Work For just to see how other banks are doing and of course, a few made the list. Not us, of course. If we want to make a list, it has to be for the worst place to work for. I can bet you whatever you... — read more 

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