https://analyticsindiamag.com/what-is-the-hiring-process-of-data-scientists-at-wells-fargo/ Requirmenets: Must live in india Must be happy making less than 30000usd per... — read more
With all going on with the bank, some managers focus on Shared Success emails
Is there something I do not know about when it comes to sending shared success cards? Is this honestly something that executive leadership cares about? Why is it that I get emails from my manager telling me to send shared success cards to... — read more
So this is the start of the big slaughter?
I think someone mentioned that 7/1 will be the start of the bloody slaughter. Good luck everyone.
Wells issued 13B in equity sales in June
https://www.sec.gov/Archives/edgar/data/72971/000138713120005529/wfc-s3_060820.htm Can we say dillution? This might hurt that eps metric. Buy high, sell low, right executives? This is the second major equity sale this year.
Not if, but when
Now that last weeks Town Hall made it clear that expenses are too high compared to other banks and layoffs will happen - does anyone have any real info as to what areas and timelines?
Mandatory BYOD Coming
We recently found out that BYOD (Bring Your Own Device) will become mandatory as of August 25th, 2022. No more company paid cell phones. There was a "Leader" in the meeting, and it sounds like they're playing hardball on this. Any exceptions... — read more
Severance Terms?
Does any one know how many weeks of severance we will be paid if displaced? Is it two weeks of each year?
The Biggest Loser: Wells Fargo dividend cut and ayoffs
As expected, WF dividend cut in the news today (6/26/2020), which leads to layoffs: https://www.cnbc.com/2020/06/29/bank-of-america-citi-and-goldman-keep-dividends-the-same-post-stress-tests-wells-fargo-to-cut.html
Is Wells Fargo too far gone and too screwed up to fix?
Does anyone think the CEO can actually fix the company, get out from underneath the consent orders and get on a path to grow? Or is this bank too big and too dysfunctional to be turned around at this point? Anyone can cut jobs, but does this bank... — read more
Shareholder lawsuits
I’m on PTO today and just looked up WFC on Yahoo Finance, happened to scroll down and noticed all the lawsuits pending against the firm. Not really surprised by that but it is striking if you want to take a look. Here’s my question: There was a... — read more
How stupid does upper management think we are?
I work in the mortgage/home lending dept. When the layoffs were announced many of my coworkers were obviously panicking because with all the changes they’re making to home lending it wouldn’t be a surprise if they started laying people off. Not... — read more
"Our expenses are just way WAY too high"
http://kvgo.com/AB/bernstein-Wells-Fargo-may-2020 Watch the whole thing. None of what follows should be considered investment advice - please be sure to consult with your financial advisor. Some key comments: on loan loss... — read more
Is this board run by ER?
They keep on deleting posts questioning management.
Get rid of layers of Shared Services
I saw an email last week that senior management wants to consolidate more work into the shared services groups. This is the wrong thing to do. The shared services groups are blocking business compliance from being able to execute and get things done... — read more
employees computers using surveillance software
https://transparentbusiness.com/aboutus.html Takes snapshots of you screen it was real.
Why is Shrewsberry still around?
It’s reprehensible that John Shrewsberry was not fired along with the rest of the corrupt WF ‘leaders.’ Does anyone know if he will be forced out and replaced soon by someone from Chase?
Fact - Wells Fargo has plenty of fat to cut
Also a fact - when its time for layoffs Wells Fargo will cut everybody BUT those who need to go. And once again, nothing will change. Because those who represent the true fat of this company know the right people and have found a way to keep... — read more
Cut Job Grade 5 & 6 Employees, they are paid more than managers and most add no value
There are a lot of Legacy Job Grade 5 & 6 individual contributors who were hired to be SMEs. My experience is most of these employees don’t have the specialized expertise that they supposedly were hired for, and many are paid a lot more than their... — read more
Contract offers being rescinded?
I recently got hired as a contractor, and my start date was supposed to be a month ago. But it kept getting pushed back because apparently they haven't been able to get approval to send equipment out for contractors to work remotely. A month later... — read more
When will layoffs begin? Here the answer.
https://www.youtube.com/watch?v=ANQY5U5FV9o
Hiring?
Has anyone reading this board gotten hired or known anyone who’s gotten hired within the last 3 months? I’ve been trying to post out and keep getting declined. Trying to figure out if this is because they are hiring mostly external now because of... — read more
Corporate Risk hub cities... Are we down to just 5?
Has Corporate Risk moved to a 5-hub city model? Previously there were 12 cities, but now I understand there will be just 5 – and only one of them (Phoenix) is West of the Mississippi. Clearly, new hires must be in a hub city per Mandy, but what... — read more
Which departments do you think will be hit the most?
I think it will be the tellers and bankers sadly that will be most of the layoffs which is awful because they are front line workers. What do you guys think?
“Diversity” and “inclusion”
With all the talk of diversity and inclusion coming from Wells Fargo, do those of us who aren’t “diverse” even stand a chance for a promotion?
CEO has failed to win the hearts and minds of the employees
There is a very noticeable difference between the current CEO and the former one. What is that? Lack of communication, lack of vision, lack of strategy. The only thing we have heard so far is he is going to cut the dickens out of jobs in the company... — read more
Titi Cole leaving CSBB announced
Would love to know the details behind an exec leaving and announcement within less than two weeks of their departure.
Not sure why employees are so angry with each other.
I have been noticing an uptick in some aggressive comments out here. Might be a sign of the times. Might be employees are frustrated with the firm and are expressing their anger in the only way they safely can- anonymously. I think we have some... — read more
Why is it so quiet?
If there are huge layoffs coming, why is it so quiet? It seems that it still must be at the highest level of the company, and middle managers don’t even know the specifics of what is coming? Are there managers out there that know the specific details... — read more
Wow, they are spending all this money on hiring all of these highly paid executive
You can see the priorities under this regime. Hire a bunch of overpaid executives and your friends to give the impression that you are fixing the place. Meanwhile, Compliance can’t even get vital backfill positions approved, so they can keep the... — read more
Another highly paid lawyer hired from Santander from the S.P. Click
https://news.bloomberglaw.com/business-and-practice/wells-fargo-hires-ex-santander-lawyer-as-chief-policy-adviser
Current Stats
Number of NEWLY created positions 1 or 2 levels from CEO now occupied by white men - 8 COO Public Affairs Chief Control Officer Consumer Lending WIM newly split from CIB Jamie Dimons son in law CAO under COO announced today Philanthropy... — read more
Will the new hires get laid in the upcoming big layoffs?
I heard from other new hires that we are expecting a big big layoff, which is so scary. Will the new hires take a hit? I have been with Wells for less than 4 months and I am residing in the quant team. Will the quant team take a big hit? Any... — read more
Personal Banker for almost 1 year - Am I on the cutting board?
This July will be my one year mark with Wells! I love this company and hope to keep working for them - however I know my district is over staffed on the banker side by 13.... I’m guessing my job isn’t really safe is it?
Told to take PTO
We keep being reminded on calls to take our PTO for our mental health. I now wonder if this is not a ploy to avoid payout during layoffs.
When is doomsday
For those of you that say you are involved in creating packages, or in the spans and layers discussions, when should we be expecting everything to come crashing down?
Lay-off decisions
Will my direct manager have a say in who gets laid off or not? Say for example if I have a good relationship with her? Or are decisions made more at the top and handed down ?
Looks like we have a troll
Looks like we have a troll looking to disrupt the forum with off - topic, controversial posts and comments. I suggest WFC employees ignore their unproductive conversation. Don’t give them any power by viewing their posts or reacting to them.