I'm In the estate care center where we deal with deceased accounts. Recently our manager had a floor meeting to tell everyone he can't promise anyone their jobs, not even his own. Shortly after, we're told as part of our early end of year review... — read more
Total h1b count in Wells Fargo
Anyone knows the count of h1b works in Wells Fargo?
Speaking up without retaliation
I have worked in financial services for many years at many places. Been here less than 2 years. This place favors yes people and retaliates against anyone who challenges the status quo or speaks up for unethical practices, etc. it seems like a... — read more
Is Our new CEO a double agent!
Who does CS and our DOB really working for? I am starting to think that his main mission is to destroy WF and not save it. I am not exactly sure who he and DOB is working for but it doesn’t seem like it’s in the Interest of WF. Is he taking his... — read more
I have not seen anything about Chuckles coming under fire
For his racist statement. They paid him way too much money so I'm sure it'll just blow off.
Retail Banking
I realize a lot of people in retail (and other LOBs) are anxious about the upcoming layoffs, but what would you do differently today if you knew the actual date? It’s been made clear that staffing will be dramatically reduced, roles will be... — read more
Time to take control to kick off the 4th qtr
October 1st is a day we unite and walk out of our offices in protest of the inequities that exist in our organization. Q4 is going to be brutal for layoffs. Let’s take back control. Who’s with me!
Does anyone have any ideas for a new career?
Is there life after banking? What do some of you plan on doing after you get your severance? Will you change careers? If so, what do you plan on doing?
I thought the COO, SP, said spans and layoffs were happening in September??
Did they get moved? Are they happening next week? Did they happen already?
Pretty Depressing Working for Wells Fargo right now
Is there any hope of a bright future working for Wells Fargo right now?
EEOC and Retaliation
I am in Compliance, have anxiety that qualifies as a disability under ADA. I filed a EEOC complaint for discrimination and retaliation. I quit my job, because my manager was retaliating and knew of the the layoffs back in December 2019 and was... — read more
Firing people over eidl loans and PPP?
Have anyone seen employees being fired for applying for eidl or ppp? Heard through the grapevine a member of the store fired because they applied for it and they didn’t have a business ? Also heard it from other managers it’s happened. Seems... — read more
Pregnancy’s a secret and work in risk.
I am pregnant and afraid to tell my manager that I’m pregnant. What to do? Will I be laid off? I’m due in March. Now is around when to announce. Stressing here.
Does WF know how much it will be sued if it recalls workers on 11/1?
Obviously, the current indication of everyone returning to the office on 11/1 is to scare people into resigning. For those that don't resign and get COVID, that's a lot of lawsuits. Not class action either where the bank just has to settle one... — read more
Working from home since March. Worrying
I may not have a job to come back to. Anyone else?
Dirty money- season 2- wagon wheel
has anyone watched this episode of dirty money? As a long time branch employee of wells fargo i can attest that this is what went on in the bank branches and isn't over exaggerated. I felt strangely validated after watching it. I didn't realize I... — read more
Big announcements in legal next week
There will be leadership announcements and some layoffs in legal over the next 2 weeks.
Lifting the Cap! Who is responsible?
Does anyone have any knowledge about which Department is Wells is responsible to negotiate with the FeDs regarding Lifting the Cap? Is it Risk under MN, DG under HR, SP under COO, BD under Public Affairs? We had this Cap for more then 2 years and... — read more
Retail branches?
I know that a lot of us are in the dark but I'm curious to see if anyone has heard anything about retail banking layoffs. I know that they're working on closing branches, and I'd assume that low vs. high volume branches and length of service would be... — read more
Wells Fargo Auto - the armpit of the company??
Is it true that Auto is the armpit of the company, and that no other LOB has lesser status? Asking for a friend who says that the "leaders" of Auto couldn't even manage a fast food place let alone their little dept at the bank.
You will be asked to acknowledge your wages
Anyone get an email stating that they will be asked to acknowledge their wages? I'm out of Minnesota and it's some kind of state required notification. "Please notify your manager right away if you notice any discrepancies. After seven calendar... — read more
Salaries - TCs?
Any educated guesses here on the total comp, Saul's direct reports earn? I think Saul is around $10mil?
The irony of Layoffs at Wells Fargo
Many of the longer-term employees want a severance package and won’t get one. (I realize not all of us, am generalizing) We want out. Wells is going to play chicken trying to out-wait us, hoping we will leave on our own. For us, they would have to... — read more
Any info on rumor of core moving to Charlotte?
I heard a rumor core ($5-50 mil revenue companies) is moving to Charlotte. Any details?
OH, the irony...
Hey, Scharf! Not enough minority talent? Seriously??? The truth is there's not enough ETHICAL LEADERSHIP. Where can you find an exec in financial services who isn't greedy and corrupt???
Merchant Services
I am a BSC in California and I heard from a pretty reliable source that 50% of us are getting laid off next week, right before Q4. This would make sense because these are typically our slowest months. Any other reps on this site hear of anything... — read more
We may have all come on different ships, but we're in the same boat now
If this place doesn't get profitable we're all losing our jobs as simple as that.
Forbes: 10 Signs Your CEO is a Loser
Your CEO has little to no interaction with regular employees, spending most of his or her time with a few senior executives. You have heard your CEO’s name but don’t know anything else about him or her. Your CEO doesn’t seem to know... — read more
Forbes: 10 Signs Your CEO is a Leader
Ten Signs Your CEO is a Leader Your CEO is the visible face of your company. His or her views and philosophy are well-communicated to your team and your clients. Your CEO holds him- or herself to the highest standards and is a role model... — read more
The layoffs are going to go on for years
You may be safe in one round but not lucky the next. When I first interviewed here, I was told it was a stable company. It happened but not a lot. Now all of us who remain will be targeted. All of us. I was looking for stability in a... — read more
Charlie's bonus
Our bonuses are based on personal performance and company performance. Company has been having an awful year, so I doubt we will see anything Executive compensation, one metric is Diversity and Inclusion in addition to other things such as... — read more
Acknowledge you wages
Has anyone else from Minnesota received an email from HR stating that Minnesota requires employers to provide certain employees with a written notification containing specific information regarding their employment status and terms of their... — read more
What More Is Needed
People wanted WF to admit the mistakes of the past. Our current CEO did that. Even thought the true meaning of diversity is more than being black, WF is hiring seniors that are black. Both of these items were a top priority and still I hear it’s... — read more
Employee Relations Outside Counsel
Hi does anyone know if ER consults outside counsel for retaliation cases for example? Does anyone know the process or firm used
Legal outsourced to India?
Did anyone else hear about most attorney functions being outsourced to India in Q1 2021?
It looks like JPMC is the only bank in the US
Just saying as most of the hire ups are be recruited from JPMC. Does this imply, all the controls and process JPMC have are world class - leading to poaching the bright and the brightest.. There are so many banks in the US and why we don't see new... — read more
Wells Fargo targeting over 60
Does anyone know if WF is targeting over 60 by rating them lower on the performance scale so they can walk them out the door and not pay severance? I am going through a situation where I was rated meets and then it was changed to a 2 within a week... — read more
Scheduling early ET meetings
Has anyone else noticed a trend of new management scheduling early AM eastern time meetings to make it more difficult for other US timezones to join? MiGi had some SR Software Engineering Manager schedule a 9am ET meeting on Friday. That's 6am PT... — read more