If today is the day...post anything you are hearing - what areas etc - in regards to layoffs to happen today.

About a year or so ago, they trimmed off a bunch of senior managers and old school peons. Since then they have been silent, but many managers have smaller than seven span. They have also consolidated us from our own executive to fall under a large... — read more 

with southern CA BBG for 15 years. Per head of finance, we were the most profitable division in the entire footprint. It wasn’t until we merged with wholesale (middle market), which is when things started to change. All the lies and... — read more 

What are some of the fun activities some of you teammates and former teammates are engaged in to keep your spirits up. I for one love taking walks, working on home improvement tasks and watching movies. Right now my favorite one, especially with... — read more 

We had a situation today where we were told not to spend money on funeral flowers. This stuff is serious.

Would a merger with another (more stable) bank help us?

Tomorrow may be a lay-off day for many in Middle Market Banking. My team lead sent a 30-minute confidential outlook meeting request for tomorrow. I can see manager had several 30-minute private meetings scheduled all morning. It’s been no surprise... — read more 

Think about it - coming out of the Great Recession we were positioned so good.

This makes no sense...

Here's page three of the of the enforcement order for Matthew Raphaelson. From AT LEAST 2002 until 2016, the Community Bank had a systemic sales practices misconduct problem. Denial is the first stage of grief.....if you stop lying to... — read more 

Marketing just reorg'ed (sort of) but no one was laid off. When are the actual cuts coming to Marketing?

WASHINGTON, Sept 21 (Reuters) - A U.S. bank regulator announced Monday it had fined three former executives at Wells Fargo Bank for their roles in the company's long-running sales practices scandal. The Office of the Comptroller of the Currency... — read more 

Typically when taking over a company a CEO will surround themselves with people they trust. This is especially true when taking an external job (and dealing with a messy situation like ours). Much has been made about Charlie bringing in JPM... — read more 

I'm planning on resigning in the next couple of weeks but do not want to do so if I could potentially recieve a package a day or two before

Any word on legal? They tell us nothing.

https://www.marketwatch.com/story/global-banks-hit-by-new-corruption-allegations-why-authorities-are-unlikely-to-act-this-time-2020-09-21?mod=home-page Last paragraph argues for a lift of the asset cap.

According to the regulators we are under staffed. I would hope the internal employees would be moved around instead of canned. Any news on who and when in legal? We get zero information. We had a town hall and our GC didn’t say much. She... — read more 

What IT departments getting laid off and how do we know about these layoffs?

I just threw up, knowing that this week I expect to get laid off, because I am a manager with less than 7 direct reports and the job market S**** right now. I am nearing 50 - Will I ever work again? Will I have such a big employment gap that no... — read more 

He won’t be popular. Long time employees will resist the necessary change but he will clean up the place. And boy does it need it!!!!! C’mon folks - u know the place needs to turned over top to bottom. It takes someone like Charlie to do so. You may... — read more 

I noticed that there are 2 Audit Manager jobs posted on the Wells Fargo career site. Why are they hiring these people when they are about to let go of a gazillion managers across the entire company? Also, has anyone thought about this? The majority... — read more 

https://news.yahoo.com/food-bank-iowa-wells-fargo-233927853.html

This guy is a total monkey! All he knows how to do is cut jobs, offshore jobs and automate jobs. I haven’t heard anything come out of his month on how he is going to grow the businesses or increase revenue. In fact, listening To him speak has... — read more 

Yes Mid 2021

Charlie talked about spans and layers and cutting managers, but clarified he was not going to cut regulatory jobs. Now, he is cutting Compliance Managers who are doing the regulatory work and are the regulatory SMEs. We can all prove that we are not... — read more 

Listening to a YouTube video about RVing, boondocking etc, and the guy said “Don’t be a jerk. Leave the campsite better than you found it.” I would like to send the same message to our new CEO, Charlie Scharf. CHARLIE, DON’T BE A JERK. LEAVE... — read more 

For those that have been laid off what does the severance package look like from Wells?

Have been notified that when my cellphone life cycle ends they won't replace. I am 100% telecommute. Given the option to use my phone but not willing to risk potential legal hold , not to mention unwilling to pay for their phone. Are they just... — read more 

I hate to stand up for Tim Sloan too much, because I’m wishing he hadn’t spent the $40 billion on stock buybacks to falsely pump up the stock price. We could use that money back right now. And he probably did have knowledge of the cross-selling... — read more 

How did someone so terrible at communication get into that role? He’s just adding process and layers only to get it cut again.

Glad I could make some people laugh. Here some for ya... Saul Van BarfaLot and Mandiculous Nonsense. Chainsaw Chuckie The Crooked One. And just a side note...IT is October and no one knows who’s head is on the block but they should. Spans... — read more 

At a former employer, D.G. wrote a monthly blog, and in one of his blogs he talks about how important it is to treat employees Well when you lay them off, so they don’t badmouth the company and cause reputational damage. Well, I have and will tell... — read more 

Who want's to bet that IT will be hit the most on the 22. SVB will be unphased, just whatever. Mark my words.

Why even bother with getting someone's laptop back? I'm sure it is all related to information security, but couldn't they just remote lock and wipe the laptops of anyone leaving the company? Most of our computers are 3+ years old and probably worth... — read more 

Don't be alarmed. It's for everyone working from home.

Watching a dumb TV show and a prison guard says “We can’t have the inmates talking to each other, they might be planning an escape.” I laughed, because I’ll bet WFC does not like this Discussion Board, where we can talk freely to each other. Is... — read more 

3 days.= 1 occurrence vs 5 days. .That'll get rid of people with issues and Just one more way to reach that 10 billion in cost cutting without having to deal with those costly severance packages.