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
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
RIP - Your Career
March 18, 2021
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?
Has COVID permanently stopped the "relocation strategy" for WFH employees?
Last year with the onset of COVID, WF pulled the "relocate or else" effort off the table, with a rather vague "no near term plans to redo this effort", However I've heard from a few folks at high level this is being discussed again. Could you... — read more
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
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.
With the company moving to managers requiring not just 7 but 10 direct reports, what's the pathway to becoming a manager?
I'm just curious as to how this will play out long-term; I personally have zero interest in managing.
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
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
Severance Package
What's included in our package? No one knows per HR.
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
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...
Did they cut folks from central control group?
The group under Herminator has lost some folks as of 2/19. They were director level Ans above . Mmmm
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
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
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
anyone else having issues with compushares?
Compushares is unusable at the moment. everyone must be going into look at their rsu's. Looks like grant dates is 1/26/2021
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
Sale of asset mgmt business is DONE
On CNBC Wells Fargo sells asset management arm to private equity firms for $2.1 billion
The sale of WFAM has been announced...
Well what we have been all expecting is finally official. Let the attrition begin!
Is it hard?
Not if you have the right attitudes. Its having the right attitudes thats hard.
Digital Hub
What is a digital Hub? Some something on this year objectives and 100% of full-time employees to relocate to digital hubs?
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