Did anyone get an e-mail from HR with the title “September pulse survey invitation”? I did. It’s a survey asking you to rate certain things about WF. One of the questions directly asks if you are planning on leaving the company. At the end, you... — read more
Can someone tell me why it takes 4 people AT MINIMUM to get a mortgage/refi at this place??
You’ve got a mortgage consultant, processor, underwriter, and closer all working on one application, but complain about costs being too high?? I get why an underwriter is needed but why the others? The consultant and processor both contact the... — read more
Leadership team as per Wells Fargo website:
17 listed; 1 black male, 5 white female, 11 white males: Muneera S. Carr , EVP, Chief Accounting Officer, and Controller William M. Daley , Vice Chairman of Public Affairs Derek A. Flowers , Senior EVP, Head of Strategic Execution and... — read more
RaRa just announced a new hire based in, you guessed it, NY
Head of Strategic Services & Advanced Technology. Yet another big salary being hired in New York.
Elizabeth Laudun "retirement"
Elizabeth Laudun, the architect and primary implementation guru for grandpa Mike L. TOS plan is "retiring." Another Chase vet to replace her.
Workload Automation
What's the next area to automate? Maybe they will hit that area hard.
Business Initiatives Cnsltnt
What is the purpose of these guys? Is it to just maintain PowerPoints and host meetings (where they actually don't understand the subject matter much at all, just track/ask for updates).
The truth is that senior level executive positions are never posted internally or externally
While this is not occurring only at Wells Fargo, it is absolutely part of the problem. How do qualified candidates ever know there is a position in order to submit their resume? For years, I have watched Golden Boys easily move up the corporate... — read more
Who and why is deleting posts on this site?
I noticed that some posts are gone missing? Do you know why?
Falling Behind
Over the last decade every single other bank was quietly shedding headcount, becoming more efficient and most importantly investing in technology. Wells, operating in some weird alternative universe like it knew better, increased headcount in the... — read more
Severance Pay for Wells Fargo 2020 Layoffs
Hello All. Where is the info on Severance Pay located. Please let me know. Thank you.
Anyone know what this Business Partner Feedback is about
A business partner of mine received an email to provide feedback on me. Anyone else receive one of these and know why? This is the first I have seen of this.
Project managers
Any news on layoffs?
Just Ask Saul
Another hour of being talked down to with lame excuses to made up and screened questions, separated only by his telling us he's about to have a drink of coffee... yawn!!!!!!! Let's not forget the B S he spews about no forced ranking.
“Very limited pool of black talent to recruit”
Source: NBC News: Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority... — read more
SVB AMA September 23
Saul's got an AMA going on this morning and right before it started he was playing Kratwerk's "We are the Robots". Considering we're having rounds of job cuts where many are being replaced with automation that seems awfully tone-deaf and insulting to... — read more
Anti-racism training course coming up
Chuckles should definitely sign up.
Worse before better
For everyone expecting more transparency, communication and honesty regarding layoffs things are probably going to get worse before they get better. Leaking that old quote was a clear attempt to stick it to charles before he could stick it to us... — read more
Community Bank Branches Layoffs
Does anyone have any info on when /if layoffs will start in the community bank branches?
Wellsfargo Auto
Rumor has it ,Its going to be Wellsfargo Auto technology team who is going to hit with october layoff
The strategy?
Let’s rebuild trust with our customers by ripping apart the trust of our front line employees. Sounds like a good strategy to me!
Talking points for worthless execs
How much time do you all waste putting together talking points for executives to use in meetings so they can act like they know what’s going on but in reality don’t because they have your team wasting hours putting it all together vs them actually... — read more
In the Moment with Clark W. Griswold: Epic rant about greedy tone-deaf executives
Let us enjoy the epic rant from Clark Griswold against the thoughtful boss who stiffed everyone on their bonuses with a fruit-of-the-month club: "If any of you are looking for any last-minute gift ideas for me, I have one. I'd like Frank Shirley, my... — read more
It’s not Charlie Scharf who will save WFC
Like many said, he is the fall guy. It’s the person who comes after him who will save this Company. My hunch is that Scott Powell will be that guy.
ECMO - Mortgage - QA
Anyone hear anything about Home Mortgage ECMO, formally CCRG or ECMO mortgage QA?
Today’s news proof that old guard is alive and well
The old guard managed to show to our CEO (who is calling the shots) by leaking info about an old speech by the CEO in June. No changes will be allowed . Old guard wins yet again!
Wealth Management
Anyone hear anything about changes in WM? Wondering when we need to be prepared
Two Weeks Notice
For those with sensitive information, if you give two weeks notice and they take your access away that day (the day you resign). Do they pay you for two weeks not to work or is the day you resign the last day you are paid?
Wtf was Chuckles thinking?
He'll be lucky to keep his job now that his comments on black talent have hit the news.
Yet ANOTHER Organizational announcement
Bye-Bye Giancarlo... decided to resign (another one hops off the sinking ship). Wonder how long it'll be before Chris Bagby takes flight. Pretty soon there won't be any Wells Fargo left at Wells Fargo.
Student Lending
WF will exit the student lending business on January 28, 2021. Strategic alternatives are still being explored for the current portfolio. “There will be employee impact...”
Unused Vacation Days Payout
I'm leaving next week, I have 15 days of accrued vacation this year, does anyone know when when / how long it takes for that to pay out after leaving? Appreciate it
Meeting and Events Team
Can someone tell me what in the heck the Meeting and Events Team is doing right now? No events happening - not now or anytime soon. They make big money - and have nothing to do. Gee - they can’t be flying all over for all those “site visits” as... — read more
Lay-off Amounts
It doesn’t seem like the August or September layoffs have been as “massive” as people Had thought. Wonder if this will be the same in October. To everyone that lost their job today, stay strong, a better position is out there in the wing waiting... — read more
Here’s why the All Hands Risk call got moved to 10/16...
The original lay-off date for RIsk was today, 9/22, but M.N. Moved the call date to 10/16, because the Risk lay-off date got moved to 10/13. Why? Because some of the risk and compliance teams need more time to align/tweak their Spans and Layers... — read more
Today's episode: "Welcome to Misery -- or Just Fire Me Already, Will Ya?"
Yeah, I know , I know some people thrive on playing the corporate version of "survivor" – these days are bringing out the relentlessly id–tic and misguided "Dwight Schrutes" of the word. I'm all for pride in doing one's job even when it's lost... — read more
No diverse talent, says Charlie
Wow! He couldn't hide his true nature for long. Can't believe this....https://www.cnbc.com/2020/09/22/wells-fargo-ceo-ruffles-feathers-with-comments-about-diverse-talent.html
WF CEO made some unfortunate comments on diversity this summer
https://finance.yahoo.com/news/exclusive-wells-fargo-ceo-ruffles-164524292.html