I really wish people would stop talking out of their asses and scaring others for no reason. When the D-Day approaches, we'll all know.

For those of you who have your group laid off, was the call with your manager individually or was it a group call? Was HR present on the call, or just management? Thanks

Evidently tomorrow will be a sad day for a number of people across the company. My best wishes to anyone affected

It seems almost all Commercial Banking job families know whether or not they have a job except for CSMs. Apparently, service team will officially move to Treasury in early November. Is that when they’ll tell the CSMs? Does anyone have any insight on... — read more 

I’ve seen conflicting information. Has anyone had any luck negotiating terms?

From Wells Fargo, why are you still here and why are you hoping the bank fails if you're still here collecting a paycheck and benefits? Honest question because I honestly don't understand.

How much can WF get for WFAM unit? IMO I would estimate Between $5-7 Billion. Morgan just paid $7 Billion for Eaton Vance who have around $500 Billion Asset Management division. WF has between $500 and $600 Billion under AM.

It sure looks like that’s what he is doing. Perhaps that was what BOD wanted and hired him to do. Otherwise, they would of fired him by now. Considering the market share of WF is down almost 60 percent since he was hired. And he already started... — read more 

Given how tiny of a blip Auto's revenues are to the enterprise, combined with the inherently dead-end nature of used car loans, and everyone basically forgets that Auto even exists. Auto will likely continue to enjoy numerous "managers" with fewer... — read more 

With the change from quarterly to yearly I’m changing my 401 investment to 6%. I was doing significantly more but I feel like is WF is going to do the bare minimum, then I should as well. I will probably take the difference in what I was doing and... — read more 

I know for a fact that all these functions are being offshored to Mexico and Costa Rica because I've interviewed with executives in taking on a role to do it. Latin America is perfect because their time zone is in sync with the US. They have highly... — read more 

It feels like they doing a combination of self liquidating and imploding right in front of our eyes.

Let’s not forget that the match is in company stock 🤮, not cash. This is less expensive to Wells, for tax reasons. The employees who don’t automatically move it out are down 58%. Maybe that is what we should all be fighting for is a cash match rather... — read more 

I keep seeing all these inflated figures on the 6% WF match on the 401K for over $250K employees . The max an employee can contribute is $19500.00, increases to $26000.00 if over 50. So the 6% match will be between $1170.00 and $1560.00 for those... — read more 

I decided to go look and it seems 250 is the number at JPM - what a coincidence??? I found the info from multiple sources on Glassdoor - wonder if anyone has their benefit book - then us JPM Jr serfs can get more ideas of what we are in for,

Whining is getting old. No one forces unhappy employees to stay. If you decide to stay then get over it. If you want to leave then leave. Empty threads are useless and laughable.

Had to sign an acknowledgement form indicating all non exempt employees are to record ALL hours over time included. My manager still wants me to get his approval and take comp time instead.

The sudden change of heart by leadership to remove the 401k match for those earning > $250M is questionable at best. These employees are the top earners and are more influential than those who earn less. I know that this change was very poorly... — read more 

If you're upset about 401K and healthcare benefits, wait until you see separation pay (severance) changes coming. We've been meeting all year to iron out the details. The 2021 changes will likely jump start the sizable "organic" attrition WF is... — read more 

I am at the point of being so exausted that I am not sure that I can continue working like this any more. Also, the work is so stressful and having an extreme OCD manager does not help. I am at a crossroad and I am seeing my options as: 1)... — read more 

Do you agree? Why?

The problem with Wells Fargo is rather simple. We are trying to be the Walmart of financial services. A nationwide one stop shop for everything financial and that’s simply not possible. There are too many state specific regulations for products and... — read more 

Project Management at WF: Seriously, this is how it works: Problem - 10 managers find an issue and assign it to an engineer Said engineer says hey how can this be, I need help A project is spun up - adding a bunch of service managers and... — read more 

Thoughts?

Hi all - I work for a retail company and our mgmt is hinting that our 401k may be suspended. It's my understanding that you were in a similar position and that the management backed down. I cannot find references to it. Would someone be able... — read more 

and his HR man Mr. Wally World David Galloresse clearly don’t understand incentives. When team members do well the business does well. I think they’ve confused us with Walmart greeters. These clowns can’t even do basic math, why would want to... — read more 

I’d like to make sure I understand Wells Fargo policy given it may affect me. From what I understand unless you are fired for gross misconduct/s—ing at your job you get a minimum of 4 months pay + PTO + 401k contribution in 2020. Two months as an... — read more 

*See if you can see any similarities between Circuit City’s slow march to death and our favorite bank: Why Circuit City Is Bankrupt and Best Buy Thrives You could blame it on the bad economy or decreased consumer spending, but the real culprit... — read more 

This is B.S. So if those making over $250K scream loud enough and they get reinstatement, but WF is still only matching once a year??!! I'm sure it's because they hid that MAJOR negative from the media just like they tried to do with... — read more 

401(k) match is back. Pussies backed down. Fight the power.

Full of pretentious talk and high fees- but no experience, substance or unique investment approach behind it. I’m, of course, referring to the potential sale of our Asset Management team. But it goes so much deeper than that. It’s a... — read more 

I want to like Saul, I really do. He seems genuine and authentic. I also appreciate the sharing of family photos, but is he out of touch by sharing photos of his vacation while his workforce is getting slashed just before the holiday season? It just... — read more 

April 22, 2019 01:00 AM Wells Fargo exec: Sale of asset management unit not in the cards Jonathan G. Weiss, senior executive vice president and head of the wealth and investment management division, which includes Wells Fargo Asset Management... — read more 

Anyone know how long it will take from the time the Wells Fargo Asset Management unit to take bids for purchase and the time the deal will close and employees will be laid off? Are we talking 2-3 months of time left at Wells Fargo before we are cut... — read more 

I wonder...when will the layoff broom come sweeping through Auto, what with its staggering number of managers and redundant work groups? Some will merely feel the rough, coarse bristles of the layoff broom. Others will get the entire dry... — read more 

Just wow. This guy is something. Reuters) - Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO... — read more 

Anyone else notice that the ability to comment on articles in Teamwork’s has been turned off for the majority of the recent communications? I am guessing our new leadership is no longer interested in our opinion around the lack of diversity in our... — read more 

Is there any chance that we’ll get bonuses, even reduced? Does anyone have any expectations?

I'm betting that the 401K change is just the first of many benefit downgrades to come. Have the health benefit prices been announced yet ?Bet the severance changes on Jan. 1 and then you will see most of the layoffs. I thank GOD everyday I was... — read more