Is my manager making the decision to lay me off, or it Human Resources making the decision? Can someone explain what criteria is being used to make layoff decisions. Thanks

Round of layoffs went on at Wells Fargo Retail Branches. Pb1s, CSSRs, and Am were laid off. They went back to their old ways with the DMs that were promoted during solutions and never let go saying that if bankers don’t start performing with... — read more 

I happen to hear today that business support roles are possibly the next layer to go. A focus point under Tommy Jacobs. Overall it was stated, the company is making some substantial changes and done a lot of analysis for cross over functions. Once... — read more 

Will there be more people let go next week; this is the question that is fresh on my mind; I lost several good friends today?

Let me say this. Get an education, start a business with passion, chase that dream you've had. I've said it for years to my team. Take your destiny back into your own hands and out of these shady corporations & overpaid, out of touch executives &... — read more 

Got laid off today , thousands of other employees got so as well .

Wells Fargo just laid off thousands of employees across the nation today. Literally within the last 8 hours. And they chose to do this right before Christmas. Such a pathetic company.

When can we expect an announcement about the sale of Wealth Asset Fund Management (WFAM)? Anyone know what is going on here? Who are Potential buyer(s)?

Left Wells H..l 3 weeks ago and found a better job paying 40% more than I was making, need to cut at the at TOP!!

I got laid off this morning and I’m a pb1. Heard it was company wide. Get ready folks, cause Wells Fargo is heading downhill and fast. Managers, and entire branches for that matter, are furious because now there are basically no bankers due to PTO... — read more 

we had 2 branches in a district close this year alone and now they laid off all PB1s at another location just this morning.

Notice anyone missing? I think that says it all.

I work by SanFrancisco. I work from home now. We were told we’d be displaced last year when the lease on our building was coming up. They had relocated a lot of people. But the ones who stayed knew it was a matter of time. COVID came. We (20 call... — read more 

Can someone explain to me the exact requirements that Wells Fargo needs to meet in order to have the asset cap removed?

today I heard next layoff date for technology is dec 22nd. is it true?

https://247wallst.com/jobs/2020/12/03/november-job-cuts-rise-45-from-last-year/ November Job Cuts Rise 45% From Last Year The outplacement firm of Challenger, Gray & Christmas on Thursday reported that announced... — read more 

Bank leadership has continually hinted at layoffs and other budget cuts in the future. As of June 30, Wells Fargo (NYSE: WFC) was the fourth largest bank in... — read more 

If I were Charlie Scharf, and I just got paid $36,000,000 to turn the Wells Fargo brand around, I would prioritize educating employees about exactly what Wells Fargo did wrong and how we are changing the company to be better. Be a leader and set a... — read more 

Does this include Chainsaw Charlie? https://www.bloomberg.com/news/articles/2020-11-05/wells-fargo-to-freeze-raises-for-high-earners-as-it-limits-costs

Pennsylvania Real Estate Investment Trust continued to operate its malls during bankruptcy. When it filed bankruptcy, PREIT listed as having $2.4 billion in assets and total debt of just over $2 billion. Of its debt, $913 million is an unsecured loan... — read more 

People keep bringing it up, but I guess I missed the backstory on that one.

I'm relatively new to Wells, less than 3 years. I was wondering how difficult is it to change jobs within the company? I have seen a few positions that I might want to try for and may be a little less layoff proof than my current role. What's the... — read more 

anyone noticed there are trolls both for and against in each conversation? wonder if there are WF peeps hired to spread misinformation.... or is there just peeps that love to rustle feathers for kicks and giggles?

I just want to keep my job. It's scary out there. Dry.

2021 is the last year of DMI’s initial 3 year funding. Look for them to be integrated into the LOBs. DMI is a complete disaster.

Any ideas on what's going to be hit today?

Is it necessarily true that those aligned to WFS get larger bonuses/salaries (even if not in a revenue producing position) than someone in Wells Fargo bank NA?

Working through a pandemic & this is the thanks we get? All about the almighty dollar bill which they have to spend based off numbers made EVERY quarter. SMDH, care culture has turned into vulture culture my past 10 years here. "Vision & Values"... — read more 

Layoffs in Enterprise Technology today (12/1). i heard of 8 managers - you know the day to day managers and some do have lots of knowledge - was not as you would expect. i lost 4 direct co workers, and all other teams seems did lose some i just don't... — read more 

12/3 will be the date for branches. Is it a group lay off? or has to be individually?Might feel better in a group 😑

I have full faith and confidence that Wells Fargo will F it up no matter how many employees we get the number down to. Reduce # of employees, hire more senior execs at all-time high salaries. Reduce # of employees, spend billions on stock buy... — read more 

I have heard that the bonus pool is tiered and below $5k it is 100% funded, $50k or less 85% funded, $50k+ Are 80% funded. Does anyone have updated bonus communication dates. It is well known that they are aligning payouts across the enterprise but... — read more 

If you read the email about changes to 401k, then open the link to the detailed document...and scour thru 8 pages of bullets, you will find the change that moves the matching from quarterly to annually — never a mention of these changes in the big... — read more 

All Bm levels are being moved to one role. No more. BM 1-3. Removal of service manager roles as well.

Just curious if anyone else is being buried in work (4X) hoping you simply resign? Its so obvious that this is their key strategy moving forward.

I had some time this weekend to analyze LinkedIn data. There are so many Compliance and Risk Managers who were laid off in New York City in the fall of 2019 and March 2020, etc. who are still unemployed. A couple of my former Prudential co-workers... — read more