https://www.kcci.com/article/the-legend-of-rehmeyer-s-hollow/12813859 Wells Fargo officials confirmed Tuesday that the company is reducing its workforce.Wells Fargo employees have contacted KCCI, saying layoffs have been announced.Vice... — read more 

Guessing the favoritism and nepotism has trickled down to the CE functions. The CR control group is dysfunctional, playing hiring favorites and doing a good job of screwing up sh–. Raissa is a lame duck leader who’s trying to tote the WFC party... — read more 

https://www.charlottestories.com/wells-fargo-to-announce-massive-layoffs-across-charlotte-today/

Listening to a podcast today they mentioned banks, and in particular Wells Fargo. Traditional banking has so many headwinds and with the massive shift of valuation, scandals, management mistakes and ever declining asset values the conversation... — read more 

Will there be any layoffs in Strategic Capital. Small BU and highly profitable. There are a few Managers with less than 5 or 6 people. Seems ripe for consolidation. Thoughts?

Anyone know? I would like a severance package to leave.

Per the dictionary: A realist is a person who recognizes a situation as it is and is prepared to deal with it accordingly. A yes man is a weak person who always agrees with their political leader or their superior at work. We are in a dire... — read more 

My husband was a casualty of the new CEO’s plan with having been with the company over 15 years, working about and beyond with hours, and always provided with a rating of exceeding expectations. That sounds like the one you should get rid of with no... — read more 

For those who are managers and flattened by the spans —- you will be ORC5 or ORC6 with adjusted salary - control organizations are up first. Of course the pay will be adjusted.

I know a lot of people that have received 2's for no reason other than the "Rank and Yank" guided distribution and had nothing to do with performance. Are these people getting terminated, so WF doesn't have to pay severance or are they still getting... — read more 

How many total were cut yesterday? I don't think it was as many as some people have been speculating. And I think we're still nowhere close to the 25 percent of the entire workforce that was mentioned at the start of September. I pity those who... — read more 

Those news articles that named the lay-off.com gave away our little secret. Multiple team members of mine have approached me asking about this site. It will be nice to have a venue that more people will chime in on.

“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

Only the few unhappy post...

I know that this is hitting Wholesale (Business) Banking. In our area, a manager was displaced along with his group of 6 while they were working from home. I work in a branch, and our Personal banker 2’s are being trained on handling larger business... — read more 

Joined WF with hope and gratefulness several months ago. I know it's a difficult time for everyone but I still feel sad and sorry when reading the things posted here. Please take care of yourself no matter what is going to happen, and please remember... — read more 

Having seen Charlie’s work first hand at his previous gig, I’m not surprised here I wonder why he keeps getting CEO when the only thing he can do for “growth” is to cut deep and hard. Best of luck to you all.

Curious how creditable and anonymous this tread is? People are losing their jobs! Anxiety levels are extreme! What here is the truth?

Could change but they probably recognize our criticality and how understaffed we are.

@OP+17DM2dW0 “On this day 11 years ago” Tuesday, October 27, 2009 Very uplifting and encouraging. Take a look and see what the OP is trying to shed light on for those affected and those who are worried. Layoffs, 401k, Lessons Learned... — read more 

If/when they sell off WFAM business what are the chances and % of layoffs? What department will be impacted? Trying to decide if I should start looking elsewhere.

I was in a tech position and my health (mental and physical) were going way down... I ended up leaving Wells due to the various issues which I dealt with... I reported the issues to HR and an investigation occurred but as many have said nothing... — read more 

Will anything stop the bleeding? https://www.bloomberg.com/news/articles/2020-10-27/wells-fargo-shares-plunge-with-investors-awaiting-word-from-ceo

To me if 1000 are let go today that is massive. Full stop. In the grand scheme of 260k+ employees at less than half a percentage it is not “a lot” of people. But any coordinated culling involving multiple groups occurring on specified dates is indeed... — read more 

I am a Personal Banker at one of the busiest branches in my district and was laid off along with another employee today. I've been with WF for 10 years. I was told my position was "eliminated." 60 days severance.

My mortgage department announced that those affected had already been notified today, which is a Tuesday. There will be a meeting tomorrow to discuss the restructuring. Historically though you are right, you usually find out about being laid off on... — read more 

Is there anybody who has an employment lawyer who specializes in cases against Wells Fargo? Asking for a friend, has nothing to do with being laid off it’s being treated like a wounded animal and s-xually harassed and treated differently than... — read more 

If I am understanding correctly if you get a 60 day WARN notice but they turn off your access you still get paid for those 60 days? And benefits as well for those 60 days?

Whoe else is on the call? Do you need to see her in person? What's said? Were you asked any questions. Do they take your equpiment immediately? Do you have a chance to ask questions? So many questions....

Advice - Get your resume out ASAP - it's always wise to leave a sinking ship. I left a failing high-tech company [ I resigned ] long ago when the "writing was on the wall" - it was the best career move of my life. I never looked back, but I did pity... — read more 

Home Lending was hit hard today - 60-day NON-working notice for all / starts ASAP. Access cut off today at 6pm CT. So sad!

CTS saw some lower management cuts in MD today. Please chime in if you've been affected or if you have more details.

Will Auto be hit with layoffs? Or are they exempt, including the managers with fewer than 7 directs? There sure are a lot of managers in Auto.

Look, I may or may not wind up being affected by this cut or another one, but facts are facts - we are WAY bloated from a people perspective. Denying that is just kidding yourself. And our costs for doing business is around 74 cents on the dollar. We... — read more 

Hello I'm Glenn Counts with Channel 9 in Charlotte, I'm looking to speak with anyone who was laid off today who thinks they are part of massive staff reduction taking place at Wells Fargo. please contact me at glenn.counts@wsoc-tv.com

This is the way they have done it for years, the next step will be reduced service , higher fees and closing office.