Anyone here working on the spans and layers initiative? BNY Mellon started with 11 management layers and under Charlie, they cut 2 to 3 layers across the company as a result of their spans and layers review. In compliance, Wells Fargo just cut the... — read more 

A mediocre chief executive does more than hold a company back. He or she occupies a position that a great CEO might otherwise step into. The opportunity cost can be immense, and reversing the downward trajectory later can be costly and painful. — read more 

I am part of a Control team that had its MTL take place Sunday to move many of us to a front line business team. Today the obligatory 'welcome' letter came out. Turns out my new manager is only going to be so for an interim basis. First I heard of... — read more 

Simply offer a package to everyone who is "retirement eligible". These retirement-eligible people have all been working at WF for many years, many are just collecting a paycheck, and they are simply not going to quit. But many of them are... — read more 

so what's the story with JO suddenly "leaving" to pursue other opportunities after 20+ years??? Did someone finally do something about her loud mouth and brow beating management style?

I don't know why I bother, but I'm watching the tech town hall today, and again, they are just throwing buzzwords into the blender and spewing corp-speak all over themselves. I thought maybe there'd be something about layoffs based on so many... — read more 

Tuesday October 13th, 2020

I was recently promoted to a (lower level) leadership position at Wells Fargo. I now have access to information such as Ethics Line violation complaints. I am also part of the investigation team for retaliation complaints. My two-level up manager... — read more 

A favorite quote of mine: "Don't get confused between competence and character, because character will swallow competence every day." I’m not much of a fan of employee “performance” reviews, though I might understand the need for them in an... — read more 

And doesn't meet expectations rating? What do the numbers mean?

It went from everyone scared of losing their job, to everyone saying "bring it on". It's easy to think that you won't care, but if it actually happens to you, you just might find the you shíte in your trousers from pure anxiety.

Dear Wells Fargo, I've been good this year. Too good, possibly. All I ask this Christmas is that you please put your money where your mouth is regarding spans and layers. Not 6 or less. 7, minimum. (Remember?) Make no exceptions... — read more 

10/13 and 10/27 are supposed to be big days. Some of us will get notice. Wishing you all well.

Wells Fargo & Co. (NYSE: WFC) is rolling out big job cuts — cuts that will span business lines and geographic areas. Recently, Wells Fargo shaved more than 700 jobs in commercial banking, according to a Bloomberg report, citing... — read more 

Just read the WSJ article and actually learned something from our leader. It’s brilliant, really. When people ask me what I have accomplished in the past year, I will ask my spokesman to say “He has been laying the groundwork for the company... — read more 

I expect a smallish cut on 10/13 to demonstrate ‘activity’ in reducing expenses. And the bloodbath will happen before the holidays, and after reviews are locked, so Nov 10.

https://www.wsj.com/articles/wells-fargo-ceo-finds-himself-on-defense-after-a-tough-first-year-11602149402 if paywalled - use this link: https://archive.is/KFXn8

I am currently on High Risk leave from my location and recieved a call from someone from HR who said they were part of a task force and then all but said they are trying to get those using that time key "back to work." They mentioned two options... — read more 

This is not just about WF but it seems to me furloughs (forced unpaid time off with benefits retained) are not used much for white collar jobs. Wouldn’t be ideal for all, but could be implemented very quickly. Usually furloughs are full time and... — read more 

So, Wells was supposed to merge with GS 12 years ago. But we got Wachovia instead. I guess wrong decision! But maybe 12 years later we still have a shot at GS? “Merger Rumors: Morgan/Wachovia, Goldman/Wells? Someone was cranking up the rumor... — read more 

https://www.marketwatch.com/story/get-ready-for-a-good-earnings-season-for-big-us-banks-2020-10-08 Hope a 30 dollar share price softens the blow of layoffs.

Charlie was paid millions of dollars to turn this company around and he has done absolutely nothing! I have been the finance industry for 25 plus years working in multiple executive leader roles. My last 10 years has been with Wells and I have never... — read more 

There are several adamant supporters on this Lay-off board who repeatedly take the stand of “drain the swamp”, “Charlie is getting paid $36.5 million to take the heat for layoffs”, “Embrace what’s happening”, “Charlie needs to fix our efficiency... — read more 

I had heard that we used to do a 30 days working, 30 days paid but not working. Now I’m hearing that it’s just get notice and you’re done that day?

Not fired, not quit, but laid off? Most people are asking what they can do to avoid it. I'm asking the opposite. Someone's going to ask "why not just quit?" Because why should I? The current culture is not my fault. I'm better off collecting... — read more 

I work in 1st mortgage. We received an email this morning asking for detailed equipment inventory that we have at home. Maybe I’m paranoid but it seems like they may be locking down what everyone has for when they kick us all to the curb. Am I... — read more 

Looks like Deputy Chief Compliance Officer, NS, is out. Not sure if she is leaving for a new job or was cut because of spans and layers. Anyone know the true story behind the announcement?

I’ve been honest and worked hard for Bluestar Airlines most of my life. Raised my family and put my kid through college. Then along comes Gordon Gekko, a ruthless Wall Street player, who’s values conflict with my own. Gordon is a man who places “the... — read more 

Pretty suspicious - Glassdoor shows 76% of those surveyed approve of the CEO. A lot of 5.0 reviews on October 7. If so inclined, go add your experience.

The problem is they are taking the slow approach instead of the swift axe. It sounds harsh but hear me out. They’re doing paper cuts here and there without backfilling positions to create an anxious overworked environment that will cause people to... — read more 

There's only so many people they can cut before the company can't function properly anymore...

FYI— Caroline Hudson Charlotte Business Journal Oct 8, 2020, 4:03pm EDT Wells Fargo & Co. (NYSE: WFC) is rolling out big job cuts — cuts that will span business lines and geographic areas. Recently, Wells Fargo shaved more than 700 jobs... — read more 

Need some legal advice please. Is there a legal benefit or attribute to being called or defined as a “Team Member” versus an “Employee”? It seems the term “Team Member” is being purged and replaced as “Employee.” Is this legal maneuvering/... — read more 

If we don’t have Team Members?

Like seriously who would want to work for a failure bank, that is doing it’s best so far to push talented employees away, location strategies that are obsolete, and all the negative news that only the desperate would want to work for such a... — read more 

Can someone with a subscription please paste the full article? https://www.bizjournals.com/charlotte/news/2020/10/08/wells-fargo-job-cuts-commercial-banking-charlotte.html

I know this isn’t an ideal time to job hunt, but curious to hear from those that WFH, what they do and if they feel their position is at high risk? I know “no one is safe” but trying to explore options for the future. I’ve really enjoyed the work... — read more 

You'll need to open this thread to vote - use arrows "^" or "v" to vote... Do you prefer working from home? Up-vote this thread if you prefer working from home... Downvote if you prefer coming to the office. #Poll PS I took this from WFB's... — read more