Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Peer to Peer reviews in ECC?

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 

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| 2150 views | | 14 replies (last September 28, 2020)
Post ID: @OP+179DzNEf

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 

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| 2400 views | | 18 replies (last September 29, 2020)
Post ID: @OP+178Uaasi

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 

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| 1660 views | | 3 replies (last September 28, 2020)
Post ID: @OP+178eyDLh

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 

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| 1270 views | | 5 replies (last September 27, 2020)
Post ID: @OP+178c7Pz5

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!

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| 2180 views | | 14 replies (last September 27, 2020)
Post ID: @OP+178NPPCs

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 

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| 4630 views | | 38 replies (last September 29, 2020)
Post ID: @OP+178Nq7XY

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 

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| 2510 views | | 10 replies (last September 26, 2020)
Post ID: @OP+177jL4zh

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.

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| 3060 views | | 27 replies (last September 28, 2020)
Post ID: @OP+177quwND

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 

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| 1550 views | | 4 replies (last September 26, 2020)
Post ID: @OP+177EFTGO

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 

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| 2070 views | | 23 replies (last September 26, 2020)
Post ID: @OP+177BDjtr

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 

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| 1350 views | | 8 replies (last September 26, 2020)
Post ID: @OP+177l625S

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.

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| 2280 views | | 12 replies (last September 26, 2020)
Post ID: @OP+177ZxXPO

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 

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| 1220 views | | 5 replies (last September 26, 2020)
Post ID: @OP+177oxyXD

Salaries - TCs?

Any educated guesses here on the total comp, Saul's direct reports earn? I think Saul is around $10mil?

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| 1820 views | | 16 replies (last September 27, 2020)
Post ID: @OP+177ku9e0

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 

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| 4250 views | | 29 replies (last September 25, 2020)
Post ID: @OP+1770Mbvl

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???

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| 1370 views | | 9 replies (last September 26, 2020)
Post ID: @OP+176Rqlqe

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 

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| 2430 views | | 6 replies (last September 25, 2020)
Post ID: @OP+176YxLSg

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 

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| 2240 views | | 12 replies (last September 26, 2020)
Post ID: @OP+1765xZtp

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 

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| 640 views | | 1 reply (September 25, 2020)
Post ID: @OP+176XUiHn

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 

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| 2840 views | | 8 replies (last September 26, 2020)
Post ID: @OP+176eOmZo

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 

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| 1960 views | | 7 replies (last September 27, 2020)
Post ID: @OP+176mLHF9

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 

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| 2580 views | | 15 replies (last September 25, 2020)
Post ID: @OP+176FnyqL

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 

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| 1550 views | | 6 replies (last September 24, 2020)
Post ID: @OP+176sjxCI

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

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| 1190 views | | 9 replies (last September 25, 2020)
Post ID: @OP+176Uxx9L

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 

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| 1450 views | | 7 replies (last September 24, 2020)
Post ID: @OP+176mfoCJ

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 

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| 3890 views | | 23 replies (last September 26, 2020)
Post ID: @OP+176KMyiA

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 

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| 2550 views | | 20 replies (last September 28, 2020)
Post ID: @OP+175MCI2F

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