IMO, it will get worse before it gets better. So, I personally think that the most logical time period when WF will start striving again is around 2022 year. There are many things that need to go right(replacing current CRO and H.O.T) would be a good... — read more 

Since he has an accounting degree, he should definitely be able to help WF. WT? https://www.pymnts.com/bank-regulation/2020/wells-growth-hampered-by-outdated-systems-tech-failures/

Does anyone know the true status of SORM for layoffs? It seems that nobody knows this. Please post if you know this

The number of employees that update everyday. Do they show the people who have been fired or just the people that have left? I am thinking we won’t see the results of layoffs until the severance is paid.

sounds like bad news

Sad, if the stock.plunges too low, there is an opportunity for a takeover. In my own opinion, Wells Fargo is a huge tainted name and if we follow like JP Morgan, large parts.of the bank may be sold off until its small enough to merge into another... — read more 

Assuming someone had not only a legitimate complaint but also significant documentation, did the Company do something to get them out of the situation (i.e. move them to another team, offer separation package to prevent litigation) or did they just... — read more 

I promise I wasn't eavesdropping. But this was just too good not to share. Boss: "Hey, Employee! I decided to make you a subject matter expert in Fanciful Widgets." Employee: "But... but... I don't know anything about Fanciful Widgets. As... — read more 

What is/was to become of Menomonee Falls, WI? There are roughly 500 people out of the location. Were the plans to shut it down, or leave it as a retain(not grow) location?

For those of you who received notices and fedex packages, any idea of the origination location?

There were some employees in (CSBB - Consumer & Small Business Banking) that were laid off today and they were completely blind-sided and caught off guard by it. None of us saw those layoffs coming because most of them had a TON of work to do and... — read more 

The more wrong your world view, and understanding of how the world works is. Investors know that when their trades lose money, it's because their thesis is incorrect. Likewise, if everything you believe about how this world works cannot explain... — read more 

Does anyone know how the calibration process works at WF? I don't know how it can't be biased when they are doing forced rankings, even if they won't admit it.

I posted in another thread but decided that I didn’t want this to get lost: Why has Tolstedt escaped punishment?? If I’m wrong, please set me straight because I’m tired of raging thinking she got away scot free. She’s a major reason why we are... — read more 

I work in a branch and I get coached because I am not logging enough complaints. The number you log is tracked and reviewed. I have two options. I can either make up fake complaints or I can just lower my service so that I can get more real... — read more 

I am in audit and I heard Wealth is being merged into Consumer Lending. Has anyone else heard that?

Confirms what we all suspected: https://www.fool.com/investing/2020/10/30/2-potential-suitors-for-wells-fargos-asset-managem/

How about just your own LOB? I literally can’t keep up. No kidding. We have had so many changes in leaders and I think our Department might have been moved under an entirely different LOB and then they changed out that leader. Is there an... — read more 

Wfc a one time was the greatest commercial bank in the world. What happened? Poor leadership for many years. Greed and incompetence. So now the poor leadership is resulting in thousands of lost jobs. Time to start naming the fools that caused this... — read more 

Does anybody have a clue or idea of how many were displaced this week? Are they still ongoing like daily or are the stopped until the November time frame I’ve read in this site?

WFC down 61% in one year’s time since Charlie has been in charge. All the yes-men say it’s because of the pandemic and the asset cap, certainly not Charlie’s fault. Well - regarding the pandemic, there are those who are starting to say we... — read more 

Is it just me or is that not the most useless message anyone could send?

Are they waiting for elections before announcing the cuts

I have read some comments here that have said people know of a few here, a few there was let go. I have seen a few names myself in my dealings that no longer work here. But I have not seen anything that indicates it is massive yet. There may be... — read more 

I don’t think the issue here is that people don’t understand the company has to make changes. I think it is more that we feel like the company is doing things without being transparent such as 1) changing us from team members to employees (anyone... — read more 

It has never been clearer that this company has no leadership. No true leadership, that is. Until changes are made at the very top, we will continue to drift rudderless.

use the time they spend here to look for a job already. Why k–ling yourself with worries about something you can’t control and yet not doing the thing you can? Those who want to get laid off you should stop working then you will get your wishes... — read more 

The initial phrase that comes to mind is "out of touch". Charlie is in a completely different ball park than us as employees. He had a great opportunity to provide so much more information around layoffs and expense cutting....i.e. how many were... — read more 

I know a lot of you are saying you learned nothing new in the Town Hall, but did you honestly expect anything different? I went into it knowing it would be latitudes and an hour I would never get back. That seems to be the course with these new... — read more 

It seems our CEO let slip in the Town Hall that they think the best talent is outside the company. How does that make you feel?

Does the lack of transparency about layoffs concern you? Our CEO had the chance to rally the troops and in my opinion, failed. As a result, morale is still going to be low until all this passes. It is just human nature that people concerned about... — read more 

Legal got slashed on the 27th this week and the week before. Lots of people got fired or were forced to step down to a lesser role. Is there more to come? Was this it?

Is our senior leadership THAT ridiculously tone deaf that they continue to give this exact....same....-answer every single time the question on layoffs arises? It’s like, dudes....you’ve know about this and have been planning for this for a year... — read more 

when you have to come here for information because your leadership cannot embrace candor or the lack of morale running ramped. I am ok with the fact that I may lose my job but I am not ok with the constant wondering of when and how many. Charlie... — read more 

I know some instore/smaller branches have already been permanently closed in my area but they keep talking about how many employees we are over at the branch and other branches being in the same boat.

Apologies if this has been covered before in a prior post. Do we know if severance HAS to be taken as a lump sum vs. having the option to get it in the form of continued regular payments every two weeks until the severance is exhausted? And if the... — read more 

I wanted this today... instead i got to the see the rain outside of Mr. Burns Office and learn about D&I William Wallace: “I am William Wallace. And I see a whole army of my countrymen, here in defiance of tyranny! You have come to fight as free... — read more 

Managers are letting it slip that a huge org change and layoffs postponed until 11/17 for compliance. Some suggesting people get started looking for employment and not get caught by surprise. If you're not in a hub...get ready! Guess we can take... — read more