https://www.google.com/amp/s/www.axios.com/jpmorgan-employees-home-coronavirus-3ef31907-83d6-4e93-a793-174064b80b65.html

We talk about efficiency. Do we really need the quantity of highly paid leaders and 1000+ employees in that group to manage our properties? We lease most out so why do we need so many people there?

As a non-manager, who picks who gets laid off from a team? Is HR telling managers which names they pulled or are managers told they have to cut 3 people and they choose who on the team gets cut?

I myself find it totally unprofessional and rather seedy how Wells Fargo is going about the layoff business. Going on the media touting about all the headcount cuts for months while team members are nervous, wondering about their livelihood and... — read more 

That led me to research other similar articles. I will be paraphrasing here, but the bottom line is: Wells Fargo is on the exact opposite of the spectrum of what is recommended: Communicate with your employees openly and honestly. Be... — read more 

Good, bad, ugly.

https://www.charlotteobserver.com/news/business/banking/article245718985.html Wells Fargo’s plan to cut billions of dollars in expenses will mostly consist of layoffs and potentially take as long as four years, Chief Financial Officer John... — read more 

The Wealth Investment division has been the least profitable division in the bank. Do you think they are going to sell the entire division, or sell parts of it off? If so, which parts do you think will get sold off?

Feels like the shoe is about to drop... what do you think we should expect in terms of layoffs this week? Timing? Communication? Number of employees impacted? I hope employees will post on this site this week about when and what group was impacted... — read more 

I'm at WFA and manage a portfolio of clients and make really good money. I've been offered jobs at competing forms and turned them down out of a sense of loyalty (and fear of losing high income). It's difficult for WFA to let go of employees like... — read more 

Seriously? What's up with the biased administrators of this site? Listening to others about the culture that led to abuses that led to layoffs is relevant.

I’ve noticed in my group (Corporate Risk) an increased number of colleagues going on medical leaves for reasons like “stress” or “mental health”. A recent post on this forum commented on the abuses and the habit of some that are using this as a... — read more 

https://www.bizjournals.com/twincities/news/2020/09/08/wells-fargo-to-work-remotely-until-at-least-novemb.html

At the same time that WF is sending out lay-off notices, they are sending out Covid care packages to other (who are then proudly posting photos of them on LinkedIn). So Twilight Zone-ish.

https://www.wellsfargojobs.com/location/india-jobs/1251/1269750/2

Layoffs are a delicate issue and Wells Fargo must walk a delicate line in order to avoid litigation. Everything Wells Fargo is doing is likely under the advisement of highly compensated consultants like Bain Consulting-... — read more 

Let’s treat each other with respect while we’re here trying to get a feel of the current situation at Wells Fargo. Let’s keep the subject matter relevant and leave politics and other non-related topics out of our discussion. You can join Twitter or... — read more 

WEEKLY BULLETIN FOR PERIOD 08/30/2020 - 09/05/2020 26 WF branches on the list I feel like I’m looking at the game lines in the sport book ready to place a wager on branch closures for next week. SMH

Started with Wells Fargo Financial. Changed roles, on average, every ~20 months. Moved from $25k annually to almost $200k annually. I am ready to hang it up and walk away from this dysfunctional, arrogant, dysfunctional, smug, uncaring, lying, and... — read more 

I find it amazing that our defacto or soon to be headquarters is NYC and all the appointed leaders sit out in that city that lost so many lives on 9 11, yet not one of these so called leaders could even acknowledge the anniversary today. The... — read more 

Reschedule all meetings too.

I had a phone interview yesterday with another company. I hope they call me back. To anyone and I mean anyone who thinks that he or she is safe including c-suite supporters, I have a bridge to sell you. The cuts are going to be from top to... — read more 

You may or may not have yet seen that the Thanks! post from earlier today is a copy and paste from The Zenith Education Layoffs page from Lay-off.com back in 2017. (Lots of hits and upvotes.) So that leads me to this next thought. There are... — read more 

If you have been recently laid off, interested to hear how it played out? 1. How did you find out (mail or FedEx first, your manager, etc)? 2. Did you get 60 days notice? 3. Are you working during notice period or locked out? 4. What group were you... — read more 

I want to thank the person at Wells Fargo who laid me off. I want to thank you for not recognizing and acknowledging my talent, skill set and drive. I want to thank you for trying to tear me down while I was there because you only made me stronger... — read more 

Let’s keep this thread updated so there is more transparency since we get nothing from senior executives. 09/10 - From Charlie's profile on Teamworks there is a total team number of 274,078, down about 1,000 since August.

https://www.pionline.com/money-management/wells-fargo-targeting-25-workforce-mass-layoffs

Many many posts ago people were mentioning they got a prompt to verify their address or something when they logged into peoplesoft. Can anyone verify if this was a signal of a layoff? Some said it was to make sure the address was correct to receive... — read more 

Teamworks has a link today outlining all the updates to the employee handbook for Aug 2020. They are quite extensive and suggest you give them a gander. They have wiped out all mentions of vision and values. They have added a spot that allows you... — read more 

Bill Daley seems genuine but it went south about half way through when they talked ad-naseum about 'diversity, inclusion, social justice, etc'. meanwhile the whole leadership team is 100% white!!!

For those in Investment Banking / Commercial Capital / Strategic Capital (private equity), what is the typical garden leave for leaving to another bank or perceived competitor (PE/VC Fund)? This place has left a bad taste in my mouth, I may be on... — read more 

Learning history is the best way to avoid prior mistakes. With that being said I think employees should be required to watch our two former CEOs lie to congress for 6-7 hours. Top it off with an hour of Netflix dirty money. This way everyone... — read more 

Is it called Employee Checking now? Just Checking.

I am an IT employee in the NY/NJ area and I took the self-imposed road out of WF and will be leaving in October for another opportunity. My mid-year rating was a complete let down. After receiving 9 years of Meets and Exceeds and receiving $$... — read more 

Did you log any complaints today. Banker says no, I didn’t receive any complaints. Manager says didn’t your last customer say she got wet in the rain walking from the parking lot. Let’s log it. We’re short on complaints.

my manager caught me looking up info on available jobs. i tried to deny it but he was having none of it. he doesn't like me as it is, so now i'm worried i've doomed my place here before i've managed to find a replacement job. my biggest worry is, can... — read more 

Has everyone noticed that Scharf and his cronies have gone radio silent now that layoffs are going to kick off next weak with a vengeance? These guys are hiding from team members, oops, I mean employees. Weak, but we already knew that!!

I have been recording Charlie's total team count off Teamworks (I know there's retirements, people leaving or fired, etc. and it's not all "layoff" related) and it goes down weekly since August at a steady clip of 440-500 team members. I assume it... — read more