While other corporations fire their employees on Friday affectionately known as Black Friday Wells does it on Wednesday. If you are called to a meeting to embrace change you are getting laid off. Must be from the Wells Fargo Manager speak handbook... — read more 

CA? TX? NC? MD? IA? Anywhere else?

Seems

https://investorplace.com/2020/10/wells-fargo-layoffs-what-to-know/

Being vague to not be identified, but a group of underwriters were laid off today. Communication already went out

3rd level mgmt 2 people lost today in Arizona so far...

Going to celebrate tonight, me vale madres! Looking forward to a fresh start in 2021

Any IT or Security Layoffs (Saul's org).

In the WFVC dept. no news yet. It’s 3:15pm. So far nothing.

Hello, to piggy back on Austin Weinstein in Charlotte, my name is Tyler Jett and I'm a business reporter with the Des Moines Register. I am following the rumors of mass layoffs today as well. If anyone has any information about layoffs in the Des... — read more 

Hey again – this is Austin Weinstein, the banking reporter at the Charlotte Observer. If you're hearing stuff about layoffs that's not confirmed, I can maybe help out. In my experience, banks are far more likely to respond if it's a reporter asking... — read more 

Hey all, how about we keep today's updates to one post. I volunteer this one. Please include some useful information. Like if you say "we all got fired today" maybe include your location and department. It's starting to feel like the "massive"... — read more 

Any truth to widespread rumor that severance package will be cut starting Jan 1?

drill into top managment - notice all the "reports to open position" 3rd and 4th level management.

There was a recent post the listed a couple dates after 10/27, but now I don't see it. Any big dates in November or December?

What the heck is up with this? Was able to post before. Tried to post today and looks like my IP Address was temporarily banned (having to use a VPN now).

DJIA down 0.15% today. WFC stock down 2.5%. I’ll bet our pompous new management team is not happy that all the stories of cost-cutting hitting the news recently (the proposed sale of various business units and layoffs happening today) are not... — read more 

Just saw this post from layoffs.com - I guess we broke this site: We are experiencing technical issues right now. We hope that the problem will be resolved within next 30 minutes. https://twitter.com/TheLayoff/status/1321113326412181510?s=20 — read more 

Woke up to meeting invite and received my notice this morning. I was told my position was eliminated and HR used a rating scale thats unknown so supposedly don't have a clue as to why I was selected. 14 years and now this...

I hear that some companies are doing mass layoffs on conference calls - are we doing that too?

Gosh I’ll be more upset if I don’t get one at this point. I have zero motivation in this toxic cesspool.

On this day, 11 years ago I was part of a lay off with Wachovia. Tuesday, October 27, 2009 It was unexpected and I was blindsided. Just a month prior I remember sitting in a LOB meeting and being reassured by leaders that there were no... — read more 

Heads up!

Have you ever had to quit a job and walk away to maintain your sanity? Well I just quit Wells Fargo, because no matter how much evidence you have demonstrating manager retaliation, HR just goes through the motions of a supposed investigation, doesn’t... — read more 

Is anybody keeping track? How many more are they planning until they're finally satisfied with the number of remaining employees? Wouldn't it be great if they decided once and for all and just got it done? No matter what the number is? So that those... — read more 

Anyone get any strange meetings scheduled for tomorrow? What department?

Denial Anger Bargaining Depression Acceptance. Comment below

10/27/20

https://www.fox46.com/news/wells-fargo-expected-to-announce-massive-layoffs-tuesday/

Can you still file for unemployment?!

is years of service for the purposes of calculating severance based on actual hire date or or hire year like PTO? Just wondering if I'd get an extra two weeks come January 1 or only if laid off after my actual anniversary date later in the year?

With Wells looking to sell some lines of business, what kind of flexibility does that give them under the cap?

https://www.zerohedge.com/markets/wells-fargo-selling-its-10-billion-student-loan-book Death by 1000 cuts. Charlies strategy is unfolding. Slice the pig up into bite size portions and sell to competitors.

All employees should check their performance goals/objectives. My management deleted all of my performance objectives and my feedback – I am in ISC. Very unethical stuff happening here, and the day before layoffs.

https://www.bloomberg.com/news/articles/2020-10-26/wells-fargo-is-said-to-mull-1-billion-plus-corporate-trust-sale Wells Fargo & Co. is exploring a sale of its corporate-trust unit that could fetch more than $1 billion and is considering whether... — read more 

Board of Directors: "Ahh, the stock is tanked. And we're paying you $36M." CEO: "But I have a plan." Board of Directors: "We are somehow persuaded by you and your silver-tongued charm. Expectations met – attaboy Charlie"

Sharf directly requested a cut in benefits - namely 401k match - to upper earning financial advisors. The reponse was so swift and so overwheling the bank backpeddled in less than 24 hours. Depoits at FDIC institutions are up to 250k. The... — read more