I found out that most of Enterprise Architecture were impacted and lost quite a few architects... Other areas include Tracy's org.. from business analysts... to architects... to several business leads... so yes Virginia there was and is a layoff... — read more
Let go yesterday, still no package
I was let go yesterday morning and I still haven’t received my package yet. Not surprising from Wells. Am I supposed to ask for my own package to officially lay myself off? Lol
Global Technology Townhall D&I Lunacy
I am officially sick and tired of all the time wasted on D&I. It is beyond boring and does absolutely nothing but create global eye rolls across the organization. Talk about what people actually care about for crying out loud!
****Warning Signs of a Business in Trouble****
A distressed company usually shows signs of trouble which are reoccurring and not industry specific. Warning Signs: Selling assets Reducing or eliminating dividends Earnings misses Cultural crisis Unclear ethical standards Employees... — read more
Just got locked out of my account-Layoff looming
Phone was wiped yesterday. Locked out of my PC today. Helpdesk told me to call my manager. What a terrible heartless way to do this. Not at all surprised though. Terrible leadership and old boys club mentality. Spineless to say the least.
Will there be more layoffs today?
Is there any way to know if we are truly done?
Got a job offer from a competitor
How has been your experience at Wells after giving your two weeks notice? Are managers understanding of you seeking a new opportunity due to the upcoming layoffs? Do they honor your two weeks or ask you to not to come into the office because you will... — read more
8 Signs of a Toxic Workplace
How many of these sound familiar? YOU’RE TOLD TO FEEL “LUCKY YOU HAVE A JOB.” If you’ve ever heard this statement, it’s a major red flag. This scare tactic is a means of threatening you into staying in a marginalized position and is... — read more
It Feels Like Mortgage Layoffs Happen Every Day?
I retired in 2018 and it was bad at that time too.
Would you feel better if...
the management was more transparent about layoffs (size, dates, etc.) the management carried some brunt (pay cuts, bonus cuts, etc.) the management executed layoffs more humanely (gradual phase out, opportunities, more generous packages... — read more
Our layoff strategy
I am aware of three individuals who were laid off over last 60 days. They were in different groups. This leads me to believe that they are doing this in smaller batches instead of a big bang cut. Given how fragmented we are this actually makes sense... — read more
On to the next chapter
For those laid off today as part of job elimination for span of control reasons. Best of luck on the next chapter. I received my notice first thing morning and at least got to say good bye to some great people. With the large majority of my career... — read more
It’s 4:30 pm ET
So far more fake news than real news. Once again no bloodbath and sky is not falling. Trolls are having a fun day again.
Mortgage Layoffs Today?
Hearing that sales and ops have been affected - anyone know which groups/regions?
Middle Managers laid off
They are implementing a new "7 layer" dip management structure now. I know of three 8th layer managers being let go.
laid off
my wife got laid off today. funny thing, her manager was already giving bad vibes for the last two years and saw the right time to use this to get her out..7 hrs left until her all access will be taken away. Also, nobody from HR was on the... — read more
CSBB Control layoffs or role changes post here
Please post any updates with relevance there
Layoffs Today
Just got whacked
401Ks moved to Empower
Does anyone have any insights into reasons behind the move of our 401(k)s to empower?
What's being hit today?
I've heard layoffs have started already. Can anybody confirm?
There was a blood bath of layoffs last week at Risk and Control due to reorg structure
The strategy of layoffs is every Tuesday! So they don’t have to do mass layoffs at once. If you have a meeting tomorrow with your manager, its probably some bad news! Same day and you are gone. 0 day Notice Period!!!
join the 'final' Risk Update meeting
is it telling.... the finality of it ? what do you know?
CSBB is still acting like it is CB being managed by Carrie Tolstedt
CSBB is just a repackaged Community Banking as it was under Carrie Tolstedt. Bring up an issue, hold endless meetings beating down whoever tries to shine a light on the c—roaches. Deny, deny, deny and do nothing to address policy violations, not... — read more
If I get a mandatory meeting request tomorrow....
I'm reporting it as spam
Enterprise Testing and Compliance
Anybody get word on any announcements/ displacements in ET&V and Compliance? Postponned twice already, I would imagine 11/17 is a go.
Employee repurposing
Have any of you that were let go received any notion you would be able to get an optimized interview experience for internal positions you are qualified for? Prior companies I have worked for have done this to ease the blow and offer a chance. It... — read more
Tech
Tech is a huge mess. People leaving, teams getting ripped apart and rebuilt with absolutely no reason or thought process. It’s a total clown show.
11/17 off the books!
No one will be displaced tomorrow.
Technology town hall 11/18
What topics will be covered? Most likely nothing about layoffs, they dodge that like a big pothole. Location Strategy D/I Covid update/ return to office D/I Technology college D/I Career paths D/I Bunch of other nonsense no one cares... — read more
Location Strategy Update
In the spirit of being aligned with Wells Fargo's often-stated desire for transparency, here is the latest info on Saul's "Location Strategy". All telecommuter agreements have been revoked. This has already happened. If you are a... — read more
Mindlessly forcing retail employees to cover other branches
Co-worker got covid, branch was closed for one day and now they’re forcing almost everyone out to help other branches while they clean it. This has happened on multiple occasions and I don’t understand why wf continues to put people at risk like this... — read more
WF considering sale of private card business
WF continues sell-off – fire sale at this point: https://www.fool.com/investing/2020/11/13/wells-fargo-rumored-to-be-considering-sale-of-priv/
Market Reference Point
I'm in my first year at Wells and plan on applying to other roles once my year is up in 2021. I am making the MRP in my current role, which I've noticed has one of the highest MRPs in the area. If I apply to jobs that have an MRP $10 to $20k... — read more