Chukkie makes 3,200,000 per year. USA executive compensation is of the most expensive on the planet. USA population is only 332,000,000 people. In asia, executive compensation rarely exceeds 500,000 usd per year, and where it does it is for... — read more
What I learned from being layed off at Wells
My time at Wells came to an end from getting the cut/layoff and I was always thinking it would be avoided as everyone would just rally around me. Thing is it doesn't work this way but would like to think if you got their backs they got yours and... — read more
Unfortunate collateral damage
Often not discussed is now that NYC has taken over running WFC after trying unsuccessfully to penetrate it forever, is that those who made a career out this company now have to compete with all the over paid useless “talent” out of that metro area as... — read more
Independent Risk Management
I work in IRM currently and understand that several people kid off this past Tuesday. No one is talking so reaching out to see if anyone heard if more cuts to come? Anyone know if Gareth Davies was part of this round? He is no longer with the firm... — read more
GoodBye Bay Area offices
So they started exiting some of the Bay Area offices. Oakland is first to go! That’s a big Chunk of AML and FCRM...
Over 2200 co- workers fired this week
Chuks not happy with his 12% paycut so he is accelerating firings? Anyone know what groups got hit?
Kleber and the DEI
Just an incredible hire by CS, I know Cleber is going to transform this company, our communities, and country!
Premier banker 1
Will the current premier banker 1s be displaced if they do not get promoted to the new title when the time comes?
Just read a quote that might be helpful to my fellow Wells Fargo teammates
“In order to be irreplaceable, one must always be different.” There are 2 ways to make yourself more bulletproof to an employer: 1: Take initiative. Anticipate needs in the workplace. Is there an ongoing problem that you can solve? Is there... — read more
Hiring 1:1 finance and accounting staff in Wells Fargo India
Wells India just hired 20 accounting and finance staff to be trained by 20 US onshore acctg staff. They are saying that they need to be trained on the basic tasks but leave the analytical tasks to the current US onshore staff. Not new for big... — read more
Rethinking about HUBs?
I recently had WFC screening interview and I asked about relocating to HUBs. I was informed by HR that WFC is re-thinking the entire HUB concept. Apparently, with the COVID global experience, the success and effectiveness of employees working from... — read more
Open Position
Anyone know anything about the Fund Admin group in Asset Mgmt? There is an open position I am looking at but not sure how the group is and I am also a bit worried about the potential sale. Right now I’m in Operations. Thanks
Let’s think outside the box:
I’m starting to lean towards the personal philosophy of taking the opposite path of Wells Fargo. I say this with a bit of sarcasm, but in truth, I think it could be the way to go. They support offshoring: I support keeping jobs in the US. ... — read more
The Chief Compliance Officer and Head of Wells Fargo Asset Management (WFAM) is actively looking for another job!
Just got a call from my buddy, asking me if I knew M.W. And what I thought of him. He just interviewed at another firm, and told them the PE buyout is imminent. Those were his words. It is Time to jump ship folks when the head of the department is... — read more
Central ops
I’ve been offered a middle management position in centralized ops (won’t mention where specifically) after having left for another company for the last year. How bad/good is it? Is location strategy still on the table? Are layoffs still looming? I’m... — read more
I was laid off from Wells Fargo in November 2020, and recruiters are already asking me what I have been doing to keeping my skills fresh!!!
All, I have been laid off for 3 months and recruiters are already asking me what I have been doing to keep my job skills fresh. So ridiculous!
Wells Fargo “Decides to Keep” Its Private-Label Credit Card Unit
Code for “nobody else wanted it.”
Saul's laughable Comments on Tech Town Hall
"I don't know why we feel the way we feel and we are exploring what we have to do to change these feelings". this is so laughable I don't know if he is just hiding behind a rock or he has his head in the sand. 75% of the surveyed peeps are... — read more
Has anyone received a "Right to Sue" letter from EEOC????
Are people waiting for the "Right to Sue" from EEOC or are they also pursuing separately with their own atty?
Threatened with layoff? Forced life improvement.
A group of us (WIM) will be obsolete soon so that prompted me to look elsewhere. 6 competing firms offered me a job and with much better pay. I wouldn't have looked around if the threat of a layoff was non-existent. Thx WF!
Do no bonus and raises say you getting cut?
0 bonus, 0 raise and a 2 - inconsis meets - wut does that mean at wf?
How long?
How long should your application remain in “review” status before you give up hope?
Trying to get laid off, would this plan work?
My job is very important to my group, and I doubt I'll be laid off. I'm in the 50-70k salary range. I'm the only 1 in our group that does my tasks, and the only one that even knows how to. I WANT to be laid off. My entire job can be done in ~5... — read more
Absolutely Dismal Job Market Right Now! USAA is getting 2,000 resumes for 1 job!!!
Hey, All over of you who are sitting around waiting to see what happens are going to get a dose of reality soon and it ain’t pretty. I just got off the phone with a recruiter from USAA and they are getting 2,000 resumes for 1 job opening because all... — read more
BEWARE WF..what goes around comes back around!
Remember that all your evil cuts both ways. If the exec's do not care, why should we? You do nothing to support us, so why should we support you? Money you say? The exec's are getting paid too, and doing nothing for it. "Oh no they say...this is not... — read more
Team Meeting: Buzzword alert -- Global, Synergy, Efficiencies
Scoreboard alert: Tech exec went for the trifecta – think I heard all these 3 buzzwords "Global" "Synergy" and "Efficiencies" within 15 seconds. Well played, Tech Exec, taking up everyone's time with nonsensical rhetoric!
Does anyone know why they haven’t pulled the trigger yet on layoffs in 2021?
It is February 2021, 2020 performance reviews have been completed, bonuses have been paid out, so why have they not pulled the trigger on layoffs yet. What are they waiting for? Seems really quiet right now. Is something else going on? Is C.S... — read more
HUB Locations
Why is Atlanta not a HUB location when there is so much diverse talent there?
Team Meetings
So in the team meeting when the tech secretary wouldn't let me speak about my own work, I made the decision, I need to be the one playing my hand making my life my own. One thing to remember is your the one carrying a legacy. To just be silenced... — read more
one on one 25th Feb
Should I call in sick this day?
Org chart colors
Could anyone explain the meaning behind the colors on the org chart bricks ? they at times appear as yellow, light brown and dark brown, where the standard color of the bricks seems to be white. There are also * preceding the names of employees... — read more
Company changed my Job Title
The company changed my job title to one that i don't like. If i go job hunting is it appropriate that i use the prior one that i was hired for? I want to find another job and im working on my resume but but feel some what conflicted if i can use my... — read more
Layoffs on hold until C.S. Testifies in front of Congress in early March
I heard from someone who sits on the Operating Committee that layoffs will kick in with a vengeance starting in late March. Why? Because C.S. Is scheduled to do his annual meeting in early March where he testifies In Front of Congress, and wants to... — read more
DM’s still here from CORE SOLUTIONS GAMING ERA
I am surprised how many DM’s are still employed that were here putting pressure on managers and bankers during the CORE SOLUTIONS GAMING era when it was like the wild Wild West. The 8am calls demeaning managers for not being at 110%, the call nights... — read more
What to expect when Private Equity buys WFAM...
My husband’s cousin worked for Russell Investments when Reverence Capital Private Equity bought them out in 2016. Reverence is one of the potential buyers of WFAM. Here is what she told me happened once the deal closed: 1) the head of Russell... — read more
Engg Sr Manager salary band
Can someone share salary band of Engg Sr Manager at Wells?