Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Where do you work?

Up vote i’m you’re on the east coast Down vote if you’re on the west coast

You aren’t a number to those who matter.

Wow...sat through another corporate circle jerk. Where leaders say change is hard and broadcast it from million dollar homes. It is what it is. The constant work extra than what you were hired for mantra is draining folks. Employees whisper the... — read more 

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| 2472 views | | 4 replies (last February 28, 2021)
Post ID: @OP+19C9vrjz

Why do managers hate their employees so much?

I've noticed this is not a one off-thing, it seems to be the norm around here. Is there any particular reason or are most of the managers just your run-of-the-mill a–holes?

Legal layoffs

It looks like the outsourcing to India and outside counsel firms to handle Wells Legal is in full effect. Yesterday, multiple teams of lawyers in the commercial workout groups with years of experience at Wells were given notice. Early this month... — read more 

Communications & Brand Management all team call

Sooo everyone seeing the path forward clearly now? India and Philippines are getting staffed up and the US based team is moving to a reduced centralized COE model. What’s your plan? Wait it out? Look for a new gig? You think you are sooo... — read more 

Relocation assistance

I am a fresh blood at WF currently located very away from any of the identified hubs for my group. WF recruiter said they don't provide relocation assistance. For tenured employees who are asked to relocate to other cities, does WF offer relocation... — read more 

RSR award

For those that actually got RSR this year - be sure to read the fine print— new (never before) Clawback provision even for vested stock if you leave — smug Charlie and the gang got caught with the 401k Match charade and had to reinstate publicly but... — read more 

WFAM name change

Does anyone know if the recent sale of WFAM to PE Firms will warrant a name change? Unsure since Wells Fargo supposedly still has 9.9% invested in the company and will act as a distributer. What does this all translate to?

today

which groups had layoffs today?

The Observer-Anxiety up at Wells Fargo

https://greensboro.com/news/state-and-regional/at-wells-fargo-anxietys-up-and-morales-down-as-layoffs-come-drip-by-drip/article_9ac79300-655d-11eb-a985-1f54e0bd34fd.html

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| 2170 views | | 5 replies (last February 26, 2021)
Post ID: @OP+19ApiMWl

Chris DB

Anyone know why the head of Enterprise change management, including the project management organization, it’s no longer with the company? He came from outside in October.

Dumpster Fire

I just started on Monday, but lucky i had some other offers in other companies come in so leaving this joint, no one is running this dumpster fire

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| 2090 views | | 9 replies (last February 25, 2021)
Post ID: @OP+19AiSYG8

At Least Charlie Munger Believes in US..

https://www.msn.com/en-us/money/topstocks/munger-diverges-from-buffett-on-wells-fargo-warren-got-disenchanted/ar-BB1dZcel By the way, have you noticed the troll population is at a all time high on this board. That's a sure sign Wells Fargo is... — read more 

Independent Testing fka Enterprise Testing

There's a lot of re-orgs going on in Independent Testing. Heard there were some meetings tomorrow, anyone know if it's layoffs or any insight into this area?

Culture of WIM?

Can anyone give me an honest, fair, unbiased assessment or insight into the culture of WIM? Particularly the 1st line. I have heard not so good things, so it's hard to tell what is accurate and what is just opinion. Would you work in their 2nd... — read more 

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| 2060 views | | 8 replies (last February 25, 2021)
Post ID: @OP+19zS3Iuy

Wells Fargo stock

I love the people who are impressed that the stock is trading at $38. And that dividend of 10 cents! Wells Fargo employees and investors are so beaten down, they are thrilled with any crumbs that come their way.

Fraud Department

Will WF layoff workers in the Fraud department? I hope not...

Stodgy stagecoach

Really liked what Ather had to say in the town hall a couple of weeks ago. He called wells the stodgy stagecoach. Never heard anyone else be so candid. Even Saul on Friday played that down, touting our rich history. Anyone know more about Ather? ... — read more 

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| 2050 views | | 9 replies (last February 27, 2021)
Post ID: @OP+19zvfXPi

how to get a job when no one is hiring

Unless you are in tech with current skills, you may have trouble, but I am not familiar with the other areas. Here is someone who has info what may help: https://www.youtube.com/watch?v=5A1Unqb1ieI

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| 1042 views | | 3 replies (last February 25, 2021)
Post ID: @OP+19zR1cD6

Dear Wells Fargo enterprise...

please take the long, overdue action of selling off the Auto LOB. All up and down the Auto ladder are warm bodies just shuffling redundant paperwork around all day, 'attending' meetings, being paid WAY WAY WAY above average comp compared to... — read more 

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| 1930 views | | 7 replies (last February 24, 2021)
Post ID: @OP+19y7ICeD

I’m concerned about the majority of our employees

I will be okay either way. My husband has a good job, and I will be looking forward to a healthy severance package and a break from the workforce should I be cut. But I am concerned that a good majority of our employees aren’t facing the reality... — read more 

Tech

here is the layoff strategy, cut 20k in tech (and fake tech) https://www.forbes.com/sites/peterhigh/2021/02/05/wells-fargos-head-of-tech-plots-a-strategy-for-innovation/?sh=58b1b1294442

Employee vests

Soon, we are all going to be part-time hourly employees wearing WFC-branded vests working for the Walmart of banks. It”s all good, though, as long as the C-suite gets their millions and the stock price goes up. Yay for everyone who thinks... — read more 

Reverence Capital will merge WFAM with Advisors group

Reverence PE bought advisors group in 2019 which is a conglomerate of asset management firms that were bought out one by one. Then, Reverence bought a distribution arm with FAs. It doesn’t make sense to maintain WFAM as a stand alone. They will merge... — read more 

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| 1231 views | | 1 reply (February 23, 2021)
Post ID: @OP+19ytrvCb

Is it hard?

Not if you have the right attitudes. Its having the right attitudes thats hard.

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| 1210 views | | 5 replies (last February 25, 2021)
Post ID: @OP+19yZ7AhR

Digital Hub

What is a digital Hub? Some something on this year objectives and 100% of full-time employees to relocate to digital hubs?

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| 2260 views | | 4 replies (last February 24, 2021)
Post ID: @OP+19xzCJBD

Layoffs in marketing?

Anyone has any info on when will these occur? Is March 25 a probable date? Any ideas of how many??? Thanks!

Tech layoffs tomorrow?

Is it true there will be layoffs in Technology tomorrow? Could someone in the know and give us some hints or drop some information so we can be prepared at least

Wells Fargo is turning into a rocket ship

2 of 4 to get consent order lifted - check 10 years going up - check 3rd party consultants gone - check expense cutting - check Stimulus checks - check more stimulus checks - check lowest credit losses in the industry - check selling below... — read more 

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