On Thursday, the Chief Compliance Officer, holds a call and tells his staff he is leaving the firm to pursue other opportunities and an outside candidate is taking over his job in October 2020. He is staying on for the transition. He opens the call... — read more 

To those that are trolls move on. I started to post this as a reply but think its far too important so I made it a separate post. To those that have been sincere in posting real info thank you. For what its worth here is all the info I can offer to... — read more 

https://www.nbcnews.com/business/personal-finance/executive-responsible-making-sure-wells-fargo-follows-regulations-departing-n1236692 Email SMS Print Whatsapp Reddit Pocket Flipboard Pinterest Linkedin PERSONAL FINANCE Executive... — read more 

Being a federal contractor they have additional nondiscrimination rules they must follow. And they have been sued in the past for violating those rules especially when it comes to labor and discrimination. NATIONAL ORIGIN discrimination is a... — read more 

they must comply with Executive Order 11246 Wells Fargo has been sued before and they lost... — read more 

Cut half of HR and their endless investigations and have managers make hiring/firing decisions End accommodation leaves of absences for employees that do not qualify for FMLA. These are grossly abused and we hire employees that only want... — read more 

A quick fix: all the people that come on here whining about their job or manager quit. Some companies pay people to quit, so should WF. Offer ten weeks severance to anyone within select areas facing reductions to quit. The lazy, the stupid, the... — read more 

In many of the below cases, the settlement exceeded millions of dollars. Wells is following the same playbook as IBM - replace expensive american workers with much cheaper indian workers. But IBM former employees fought back - and won... — read more 

Berkshire Hathaway (BRKb ) has been cutting back on Wells Fargo, disclosing Friday that it sold 85.6 million shares in the second quarter to lower its investment by about 25% to 237.6 million shares.

We just had a team call and we were told more specifically pertaining to Scott Powell’s call and lay offs we will have cuts starting in September next month.

No one got fired . A lot of gossip in this and other forums . Clearly no one knows !

I now have 5 bosses and an org chart showing I report to a vacant spot. 5 orders. 5 opinions. 5 directions. I will get 1 right and 4 wrong. I am just a number to get to the 7 ratio

so virtual that no one I know can get in. Maybe I am supposed to just meditate and think about COO functions. Or maybe you only get in if you have a JPM code.

Anyone work with India? Communication is terrible. They work completely different hours so high risk matters aren’t tended to quickly. They don’t truly get internal risk, period. Other comments on HOW TERRIBLE OUTSOURCING TO INDIA IS?

I am a manager with less than 7 direct reports and are know as someone who does good work and gets work done quickly and efficiently. The other day, I had to present something to my manager’s manager, because my manager was on vacation. Usually, my... — read more 

Does anyone have any real dates as to when spans and layers changes and/or layoffs will happen? The company has done a great job (sarcasm) of putting it out there, but no real information. It would be nice to know already.

mortgage offered long term work from home option today. More details to follow, but i took it to mean permanent option.

"Wells Fargo India is a critical component of Wells Fargo & Company’s strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo India is primarily an extension of the technology, operations, and corporate support... — read more 

It appears that "Low performers" are considered a "disqualifying" event for salary continuation. So, in my opinion, that basically means the rationale is to not have to pay severance. It seems that they are trying to build "low performer" cases... — read more 

Any word on who is getting the ax tomorrow? There are supposed to be seven dates of layoff announcement notices. Don’t forget to close your WF accounts if you get let go. I bet most of their business is from employees.

So will we still get bonus? Any news on that?

Got a mass email meeting invite this morning for an end of day all hands call. Seems like it is last minute. Wondering what it will be about?

Let me guess... going to pursue new opportunities?

How much do you have to have to retire and how long you have to work to reach your goal?

Back in March when all this working from home started my business line asked people to volunteer to help departments who were drowning because of COVID related requests. Some of them went back to their regular jobs per plan after a couple months... — read more 

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/wells-fargo-s-scharf-unseats-jamie-dimon-as-highest-paid-us-bank-ceo-in-2019-59801398 This is what it's all about folks - pissing contest between rich dudes. I'm a... — read more 

As uncertainty continues and layoffs begin to ramp up, be on the alert for gaslighting and manipulation from executives and leadership. A "Gaslighter" tells you blatant lies with a straight face. Once gaslighter tell you a whopper of a boldfaced... — read more 

For the Risk department, will anyone who is currently a manager going to be turned into an individual contributor, or all managers with less than 7 direct reports getting laid off? M. Norton mentioned risk was following the corporate guidance at her... — read more 

Anyone think they will be reduced as part of the $10b reduction in expenses?

I noticed that we have several teammates in India. Does that mean we are gonna be replaced some time in the future?

@1vay asked the question below on a previous post and it was not answered. I would be interested in the answer as well. Is there a manager, or HR person, or previously laid off employee that knows the answer? Question: Are you allowed to keep... — read more 

Last week I shared David Galloreese got green light to start lay offs. However yesterday Saul had to put the brakes on any big lay offs. Here is why: Currently in California where the cuts are going to be crazy deep we are SIP by order of Gavin... — read more 

Wells Fargo has some of the best and smartest people I have ever worked with who deserve much better than how this place has been treating them. Most of the people working here would be considered an asset by a better company, ran by more competent... — read more 

"A putative class action lawsuit alleging California-based Wells Fargo Bank N.A. fraudulently changed the maturity dates on thousands of mortgages across the country has landed in the Middle District of Florida, and it could prove costly for the... — read more 

All my peers who’s severance was supposed to end in March got about 4 months extended time due to COVID. My severance ends this month and I get zero extension because apparently COVID and unemployment is no longer a problem according to Wells. It... — read more 

Our team is still hiring. So I guess the timeline of layoffs will be even stretched. Just FYI.

If you see something, SAY SOMETHING Dont even hesitate! Wells Fargo wont hesitate to send you to unemployment line so india can take your job for tens of thousands less. FIGHT BACK! Report them to the OCC! Wells Fargo sees you only as an... — read more 

Since lot of discussion lately is around pay and bonus, I thought of asking this question. Folks who came from other big banks - BofA, JPM, Citi, GS, etc., how was the bonus at that organization compared to WF? Say in 2019 you got bonus of $100... — read more 

They are leaving on their own with no severance and some with no job waiting for them, in this economy! Just think about that for a moment. Think how bad a workplace must be for somebody to decide to leave with no guarantee of finding a new job any... — read more