N. Claims there is no hiring freeze in Risk and Compliance. Meanwhile, there are areas in compliance that are down over 10% to 15% or more in business compliance officers, and our managers have been banging on the table for backfills because we... — read more 

There is a need for reorganization and improving efficiencies at Wells Fargo, which will involve layoffs. However that is just one lone part of the transformation that needs to occur at this organization. My issue with our new CEO is that he is... — read more 

https://www.bloomberg.com/news/articles/2020-10-07/wells-fargo-eliminates-more-than-700-jobs-in-commercial-banking

And I’m jumping this ship. I got a job paying 50% more with a company that cares about people. I haven’t felt this happy in a long time. Don’t give up folks. There are good companies out there and Wells isn’t one of them. Let the incompetent old... — read more 

I heard that technology will be the only org allowed to have contractors going forward. Tech Contractors assigned to projects are being released now where budgets were reduced. We’re allegedly allowed to pick them back up as project budgets for... — read more 

Likes: Good pay, usually interesting work, been around a while. Decent people to work with for the most part. Dislikes: Too many layers, too many id–ts that keep messing things up, dysfunctional orgs, mixed bag of decent leaders and dipsh*ts, too... — read more 

Is this what I think it is?

Driving me crazy. Have to be inside, on line all day with a crazy person! I would rather take my chances and get back to the office!

So is WF moving to a structure where your bonus is determined by your ranking? In the old days you were virtually guaranteed your bonus percentage unless you were on a PIP. With stepped rankings, your bonus is affected by where you fall in that... — read more 

Given an all risk call next Friday afternoon and a consumer credit risk call that same morning, wondering what changes consumer credit risk can expect.

Many of us have heard that linear promotional advancements (position level 1 to position level 2) have been paused. Does this extend at all into filling new positions? For example, will you be screened out if you post for another job more than 10%... — read more 

Interesting that JPMC announced the closure of 28 branches last week and Wells Fargo didn't announce closures in the past 2 weeks. Should be an interesting earnings call next week....

Has anyone noticed how when the economy is going up and employees have the flexibility to change companies the corporate attitude is all about mental health and making sure your employees are happy but the second there’s an economic downturn all of... — read more 

Anyone notice the All Hands Q&A link that pulls up a PDF? One of the questions was around org structure, and a time frame was given.

A coworker has been sending IMs to my Manager criticizing my team’s work. Nothing wrong with the open door policy and the opportunity to provide input but I am finding out the stories are made up and based on fabricated facts. Our teams do redundant... — read more 

I know this has nothing to do with lay offs at the firm, but felt it’s the only outlet for my stress level at the moment... so thank you for letting set this platform. Been with the firm for over decade. Started as a bright eye bush tailed go-... — read more 

I've been here a number of years and never so few promoted from within. Only people i've seen moved up were from another bank or outside. Talk about no motivation. If your father in law is Jamie you report to the top. If you work here 10 years... — read more 

Lay-offs are an inevitable consequence of market economics, but let’s be clear: the lay-offs at WFC have less to do with competitive forces and are much more a consequence of poor leadership. The result is that many will end up paying for the sins of... — read more 

Anyone else noticing that is so quiet today? Could hear a pin drop. Must be the calm before the storm.

Higher payout? More favorable terms?? Please share your experiences so others can benefit.

Over the past couple of weeks Managers had to attend calibration training for annual reviews. This is designed that all job families will compete with there fellow peers from across the nation . So yes there will absolutely be force rankings. The... — read more 

Who is making the decision on who stays and who gets laid off for Spans and Layers? Is it solely HR? Is it your direct manager? Is it the 2, 3, 4, 5 down manager from CEO? How have they managed to keep who is going to be impacted so quiet? My manager... — read more 

This has been speculated before and I probably old news. But wanted to know who thinks that merging with G.S would be a positive for Wells Fargo share holders and employees? Below is the article that talks about this scenario. Yes, it will be... — read more 

While I understand that we all cope with stressors differently, I wish those that are taking this the hardest would try to relax some. Wells Fargo is not hiding the fact that there are layoffs happening right now! Watching for FedEx package... — read more 

Supposed to be 7 spans and layers. 7 Yet multiple dead weight individuals posing as managers have fewer than 7 directs. When is the company going to grow a pair and act on this policy? Or will it be so chock full of nepotistic exceptions... — read more 

heard location strategy is alive and well, but COVID has put a damper on plans. That being said, anyone have any intel on if they will offer relocation to employees to move to a new city or will it just be sorry your position is eliminated if you're... — read more 

Some of will be impacted by layoffs during covid and given the tepid job market, may end up with a sizable gap in employment. Anyone experience this in the careers? How do you mind the gap? What do you do to fill it while looking for employment? Do... — read more 

I keep hearing Mick Jagger and Keith Richards 1965 smash hit, (I can't get no) satisfaction, every time I look at this website: “I can't get no satisfaction , 'Cause I try and I try and I try and I try I can't get no, I can't get no... — read more 

FedEx alerted me that I have a package coming on Thursday, 10/8. I have not purchased anything. I can not identify who the sender is on the website. Could this be the health care package that team members are supposed to be receiving? Why... — read more 

Access to building is terminated the day you are notified. They will not let you back to retrieve. Someone will pack up your things and ship them to you. So good luck with getting everything back.

Turned down by a competitor. I have to keep praying, keep standing and keep going. Not easy out there.

Effective 10/11. I'm sure there are some folks in REVS who'll be relieved they're breaking out of the Risk choke-hold.

I used to but now with everything going on...

It's my understanding that after you open a retaliation case, that it gets you absolutely nowhere, as it relates to your situation (or getting you out of it) but only corrective action on the people retaliation. It’s merely the process to inform you... — read more 

Hello upper East siders, Gossip Girl here. Sources (Google) say our boy Charlie went to the right schools and had the right connections. He annoyed his way into Jamie Dimons inner circle and wouldn't you know? He's hiring his most trusted circle... — read more 

In Auto, a PDF was circulated to communicate that there are no forced rankings and all that. Who the f actually believes this? They did officially state that spans and layers need to be 7, but didn't say what would happen to managers with fewer... — read more 

We were told that QA will move under Dev group and QA managers are not moving. What will happen to QA, are we doomed?

Does anyone know how that would work?

Almost all including Charlie are based in NY. There is absolutely no communication of this that HQ is going to NY soon. We need an activist investor to unseat some powers here and bring WF profitable. Any activist investor here listening? Do... — read more 

https://www.nbcnews.com/business/personal-finance/1-600-customers-say-wells-fargo-paused-their-mortgage-payments-n1241620 Yes- this is an update on old news. I’m wondering if anyone here has Internal knowledge that could provide insight?... — read more