I want to like Saul, I really do. He seems genuine and authentic. I also appreciate the sharing of family photos, but is he out of touch by sharing photos of his vacation while his workforce is getting slashed just before the holiday season? It just... — read more 

April 22, 2019 01:00 AM Wells Fargo exec: Sale of asset management unit not in the cards Jonathan G. Weiss, senior executive vice president and head of the wealth and investment management division, which includes Wells Fargo Asset Management... — read more 

Anyone know how long it will take from the time the Wells Fargo Asset Management unit to take bids for purchase and the time the deal will close and employees will be laid off? Are we talking 2-3 months of time left at Wells Fargo before we are cut... — read more 

I wonder...when will the layoff broom come sweeping through Auto, what with its staggering number of managers and redundant work groups? Some will merely feel the rough, coarse bristles of the layoff broom. Others will get the entire dry... — read more 

Just wow. This guy is something. Reuters) - Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO... — read more 

Anyone else notice that the ability to comment on articles in Teamwork’s has been turned off for the majority of the recent communications? I am guessing our new leadership is no longer interested in our opinion around the lack of diversity in our... — read more 

Is there any chance that we’ll get bonuses, even reduced? Does anyone have any expectations?

I'm betting that the 401K change is just the first of many benefit downgrades to come. Have the health benefit prices been announced yet ?Bet the severance changes on Jan. 1 and then you will see most of the layoffs. I thank GOD everyday I was... — read more 

Just saw that Charlie will host a town hall in a week. Does this mean the 10/27 layoff date is accurate?

A former Wells Fargo & Co. manager filed a discrimination claim against the bank after losing his job while on medical leave for... — read more 

Wells Fargo to Eliminate 401(k) Match for High-Paid ... In a memo to employees from human resources, Wells said the changes will include a new effort to seed retirement plans for employees making less than... — read more 

I've been here five years, manage a staff of 10. Had a rough patch a year ago and went to a week-long "program", sponsored by the company. Thoughts?

Effective today, I’m going to start treating my work like you treat me as an employee. If you act like you don’t care, then neither do I.

Although forced Performance ranking is not unlawful, it is fraught with legal risk. In 2016, a Yahoo employee brought a lawsuit against the company and proved that it disparately yanked older men (aka more highly paid) and was used not to drive... — read more 

“The changes are to better align to common approaches in our industry and deliver competitive value to various employee segments” Does anyone know who they are referring to as an example of industry norms... no didn’t think so- this is such fecal... — read more 

(Paraphrased and Summarized from articles from Stanford and Forbes) There are individuals whom corporate boards tend to select as CEOs, especially in times of upheaval, when the status quo is failing. These individuals are adept at self-promotion... — read more 

Is there a Plan B for the BOD in regards to what to do with C.S? He is obviously not cutting it. He is hated by the employees, media and shareholders. How does he still have a job after a year of non sense. Share price is down close to 60 percent! I... — read more 

There have been several class action suits over the Target Fund selections in our 401K. I knew one of the guys who filed a lawsuit and he was a super intelligent guy. I trust his facts and data are accurate, but he has yet to prevail in court. ... — read more 

Let gets the facts out there highest paid ceo in in the entire industry worst performance of all major banks he doesn't even work out of the banks HQ, he treats the place like a uber gig, when 270K plus employees and their families are counting... — read more 

Keep seeing multiple layoff date rumors... anyone have the inside scoop on real dates?

WF can save over $2 Billion dollars per year if they eliminated 90 percent of office space in US and had people WFH. How I came up with that number is that WF has around 230k FTE working in US. Average cube per employees per year is around 10k per... — read more 

I am a Vice President and gave one of my direct reports a “meets expectations” rating for his annual performance review. At the SVP manager calibration session, other managers pushed back, and I was told by my manager that I need to knock my direct... — read more 

So all we hear is how inefficient the company is and expenses are so high and mismanaged. Who wants to bet on if Shart and his all white JPM executive leaders will volunteer to not receive any pay increases, stock options, or bonuses for 2020? Will... — read more 

Just curious about how people think...

Did you receive the email about 401k changes?? What are your thoughts?

Audit finally pulled the trigger on their conflict of interest stuff they were talking about months ago. Now we are losing some really good auditors - some of the only competent people in audit, actually. Does the rest of the bank have to deal with... — read more 

Way management treats you. They can get snippy at you for the smallest things or the classic, they start avoiding you, ignoring you and not making eye contact with you and just stop saying hello to you. Classic signs.

When are people going to be going back to the office?

What’s up with senior leaders canceling meetings? Total lack of leadership. Literally every meeting gets canceled. Everyone dodges questions and they don’t “know” anything. Wells Fargo has let the media and rumor mill determine what people are... — read more 

Just an FYI it wasn’t the 27th yesterday was it? 50 were cut from Bay Area yesterday. CIB is corporate investment banking.

"The next round is 10/27. I heard there will be another in November, none in December and then it starts again in January." How credible is this info?

We seem to be growing but does anyone have any insight about cuts?

Hoping I come back on the 27th to 'the meeting' and have my misery ended. If not, I will limp through as close as I can to the middle of December. I will have my retirement email drafted and ready to send though if needed before then. My... — read more 

I was selected to participate in a Wells survey. Do you take them? They say they are anonymous but I know they are not.

TB is finally gone... Cough.. Retiring... Cough.. One of the most useless and ineffective leaders ever. never willing to do anything about anything which led to creating some very toxic direct reports and a huge pool of arrogance in the fusion... — read more 

So the vaccine arrival has moved from this November 2020 to April 2021. Most companies moved back in the office already back to July 2021 already. I think Wells was hoping to use the location strategy for self selected layoffs, like a dry layoff... — read more