Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

So for the 11/17 deny crowd....

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 

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| 2190 views | | 9 replies (last November 19, 2020)
Post ID: @OP+17ZoGDZv

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.

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 

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| 1570 views | | 4 replies (last November 20, 2020)
Post ID: @OP+17Zm0QVY

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 

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| 2880 views | | 7 replies (last November 18, 2020)
Post ID: @OP+17Ym158n

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 

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| 3700 views | | 3 replies (last November 19, 2020)
Post ID: @OP+17YPMFpm

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?

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| 1630 views | | 1 reply (November 17, 2020)
Post ID: @OP+17Yjpf4m

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 

401Ks moved to Empower

Does anyone have any insights into reasons behind the move of our 401(k)s to empower?

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.

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| 3050 views | | 6 replies (last November 17, 2020)
Post ID: @OP+17X29lRT

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 

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| 2020 views | | 3 replies (last November 17, 2020)
Post ID: @OP+17Xjxh8W

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.

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 

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| 2680 views | | 5 replies (last November 18, 2020)
Post ID: @OP+17XVV7NU

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 

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 

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| 2620 views | | 8 replies (last November 16, 2020)
Post ID: @OP+17W5TYuV

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