https://finance.yahoo.com/news/wells-fargo-asset-cap-now-183607932.html

All tech jobs going to India/Offshore. No new US-based tech jobs. I would think if Wells is embracing D&I with such fervor and sincerity that they might consider offering local people of color tech jobs and opportunities. How can you help the... — read more 

Logged in and there is a meeting titled "A conversation on voting, race and justice in America." They have actually booked a Democratic congressman Jim Clyburn from South Carolina to indoctrinate us. How is it legal that Wells is requiring team... — read more 

Who will be left at Wells, I wonder?

Logged in and noticed a 10am meeting put on the calendar late last night. I work in EIS (or I guess it is ICS now). Meeting lasted all of about 15 minutes. Me, my manager, and an HR rep. FedEx package arrived at 10:35am. Among other things, it... — read more 

What happened to the insider EA who drops OC call information each week? That was some awesome fan fiction.

Got my call dropped on schedule today and call came in exactly 9:30 am.

Anyone know what’s happening with the mortgage department? I haven’t heard anything yet.

Going forward we are no longer Team Members. We are now employees. Teamworks will be re-branded soon to reflect that change. Leadership feels this is more professional and inline with the industry. This will be a major shift in culture for the bank. — read more 

https://www.mercurynews.com/2020/08/24/wells-fargo-bank-pay-millions-back-wages-hiring-discrimination-blacks/amp/ Our leadership effs up big time once again and we all pay the price. Good on qualified people getting hired. Just wish Wells would... — read more 

Given this mass exodus from JPM, it tells me folks are not happy at JPM which is why this run to other side where the grass is supposedly greener. Based on my experience on where I witnessed a similar exodus and the company was closed in 1 year's... — read more 

So, tomorrow is the big day, right? What is everyone hearing? Do you have any team calls set up? Please share conference line info...

https://news.bloomberglaw.com/daily-labor-report/wells-fargo-to-pay-7-8-million-to-settle-hiring-bias-claims Wells Fargo to Pay $7.8 Million to Settle Hiring Bias Claims (1) Aug. 24, 2020, 2:59 PM; Updated: Aug. 24, 2020, 4:40... — read more 

Any insight on Corporate Trust and layoffs? Months back we were told our work is contracted and due to that our staffing was based on those contracts. Now it seems as if that isn’t realistic.

There’s no communication by anyone in my department (FCRM) about anything related to layoffs, my manager seems completely in the dark on everything and seems freaked out about getting let go as well, and every time a meeting gets scheduled I freak... — read more 

Contrary to what some posters were saying no one appears to have been called into 5 pm meeting today to talk about tomorrow’s much expected mass firings . Someone on this forum has a lot of fertile imagination overflowing .

They have over 1Trillion in VIEs - mostly malls and hotels, the stuff that is like not getting paid during the pandemic which breaks the covenets and puts them in immediate default. https://money.howstuffworks.com/cooking-books4.htm 1Trillion... — read more 

There has been rumor about adjustments to be made to displacement packages. I would imagine that in this cost cutting environment, that would entail a cut to the package and not an enhancement. Does anyone know if the packages are being altered?

Anyone have any insight as to coming reorgs, layoffs, or other changes at Wells Fargo Advisors? We already had some deep cuts late last year. I know there’s talk of further consolidating regions. Anybody know anything?

Is there a way to find out if a fed ex package is on its way to your address if you do not have the tracking information?

Yet another JPM import.

Hurry up and get your CDQ Templates completed by Thursday, 8/27, so that we can lay you off onThursday managers. So obvious!

Anyone have an inkling about what the All-team meeting this afternoon is about? It got scheduled out of the blue on Friday, and there’s nothing in the meeting details. I know there’s rumors of lay-off stuff this week, and neither my manager or senior... — read more 

Pulling this thread out as a top level question. How do you know if you will be displaced? Is there some formula to figure that out? Yip. First, the flow chart: Can the employee function be done remote? if yes, go to #2 Do... — read more 

Indications are this week will be a tough one for Risk. Other areas to be impacted end of September and October. Take care of yourselves mentally and physically

Just wondering, if an employee is offered severance pay, is it possible for the employee to request a lump sum amount rather then by weekly payments? The reason why I am asking is because I do not think that severance is guaranteed and can be pulled... — read more 

I have been told that the 60 day tap can be: 60 days not working but paid (those with access to databases and such) 30 days working and 30 not 60 days working Are nonexempt employees treated differently?

Personally I do think the quant associates are among the people with highest values in the firm since they have excellent math, programming and finance skills. But since Wells Fargo does layoffs without considering merits, I am wondering will the... — read more 

Has anyone heard anything about QA position to be eliminated from IT? I heard from a multiple sources that this will happen soon. Just wanted to know if anyone else has any 311 on this. Not sure if they will expect other IT positions to pick up the... — read more 

Does anyone know the dates for IT layoffs? Are they starting the week of August 24th?

55 Receipts of notification of Branch closures with the OCC for WF on 8/18/2020. I think this is just the tip of the iceberg. Its been a fun ride, but I think it may be time to get off this roller coaster.

Is it kosher to save and store my Mid-Year Review? I am assuming I can take a photo and nobody will know? But can I screenshot it or download it?

Or just go to: https://www.thelayoff.com/wells-fargo-and?sort=active

60 days after August 24th (Monday) is October 23rd, a Friday. This would wrap up the annual reviews of those employees/department hierarchies by the normal end of October timeline. I've lost 15 pounds in the last month from stress. I've... — read more 

Source below... Wells Fargo’s latest layoffs signal historic transformation underway By Mark Calvey – Senior Reporter, San Francisco Business Times Aug 21, 2020, 2:44pm PDT Updated Aug 21, 2020, 3:00pm PDT Wells Fargo said Friday it... — read more 

You have a strange meeting is setup next week, something you haven't seen for months All your activities are now covered by your manager, your manager puts their name down for all your activities Low email traffic your way Get an extra... — read more 

https://www.businessinsider.com/occ-head-warns-us-banks-against-accelerating-branch-closures-2020-7 It costs on avg 500k/year to operate a branch. So for sake of argument & assume wrong, 2x that and say wells closes 1k branches. How much... — read more 

All, massive layoffs in Risk and Compliance starting 8/25! Managers are not being busted down into individual contributors. That is a lie!!! Instead, they are keeping a handful of compliance managers for each Area based on current individual... — read more 

https://www.zerohedge.com/markets/wells-fargo-preparing-potentially-cut-tens-thousands-jobs We already know this, but passing it along just in case someone hasn't seen it. "Wells Fargo has certainly led the way in the banking sector when it... — read more