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.

Any word on what this call is about next week?

So last week we learned that the company isn't going to change the PTO policy (carryover days, use extension) in response to COVID and few of us really wanting to take PTO during isolation and with everything in lockdown. Is this decision another... — read more 

Probably one of the best large companies that ever existed. Oh, how quickly a group of corrupt execs brought this amazing company to it's knees. It's a crime.

Once the new head of wealth takes over, he will replace WIM leadership with his J.P. Morgan buddies in nyc, and they will hire NYC people as well. They have been refusing to backfill WIM jobs in Boston, now we know why. Boston and California are... — read more 

Anyone have any insight on timelines for returning to Hudson Yards in 2020? Not looking forward to it at all. Will it be voluntary? What teams will have to go back?

They are cutting 20% of headcount across the board to bring headcount down to around 200k. The goal is to get headcount down to 180k or less to be in line with JP Morgan after the 20% by outsourcing, automating etc. They are not waiting for covid to... — read more 

This e-mail just came out. Is this the first step towards a RIF?

Saul talks a lot about "models" and what other companies are doing. That's certainly a good place to start, but if all you do is copy others you're not going to do anything great. Smart leadership looks at what others are doing and finds the... — read more 

Saul just said we've been 35% more productive working from home!!!

Anyone else notice that automated screenshots are being taken of your desktop throughout the day. I wonder who reviews these screenshots and what logic is used when taking them as they seems random.

Apologies for my click bait header. Any news on what is happening with the consumer banking team members? I know they want digital being pushed in all branches probably to retain customers whilst slowly promoting team members to customer.

Anyone have any idea where will get hit? Besides the general comment of “everyone” or “no one is safe”? Like specifics area or department?

Leave it to corporate america to get greedy and push an idea so far people riot in the streets. Corporate america - wfc included - is hell bent to move as many back office jobs to cheap indian labor centers as fast as they can. This vaporizes... — read more 

Do people feel marketing will take a huge hit? If so, idea in departments? Lots of calls but no info.

I work in WFCRC in the Wholesale area and the CEO announced in Feb 2020 that Wholesale no longer existed and broken into two main LOB’s, Commercial and CIB. Here we are 6 months later and nothing has changed. My guess is our groups are part of the... — read more 

As managers, we are now being encouraged to make up ANY reason to PIP. (Hyperbolic example) Employee handbook says no eating at your desk. You ate apple at your desk. WRITE UP. You are supposed to be at work at 8 a.m., but arrived at 8:02... — read more 

What's your prediction? Be realistic...

Yep...we've(mgt.) been told to PIP anyone we can. Make a case, get 'em out – to avoid severance and unemployment. This is how low we've fallen. Am I the only one who believes something like this should be illegal? I guess this place will go as... — read more 

For those who keep asking - and I see this question repeated so many times - no, you are not safe here. Nobody is safe at Wells Fargo. In the past year, I've seen people with decades with the company be laid off, and I've seen people with as little... — read more 

Came as a surprise to many and the calls were hard to digest. I honestly think individual contributors are ok. While I think we will hear more displacements and have a rough road ahead, I think it will be positive and position for growth in the... — read more 

Just got an internal email that JM will be transitioning out of her CMO role by end of q3. New Marketing operating model is taking hold soon. I would assume layoffs to follow?

Hi, I am a fresh graduate who joined through the campus recruiting program recently. Just curious how easy/hard to get fired/laid off in Wells Fargo? I heard some rumors saying every year there are a lot of layoffs which freak me out. Please help... — read more 

In all my years at Wells Fargo no I have never had a mid year review. Suddenly they are an official thing with a formal email sent by management. What once were casual conversations on the phone or IM about work items are now formalized in emails. I... — read more 

What take them so long....Most of branch bankers are doing notaries for free and issue debit cards, it is a waste of resources, what do you think managers do?

Jp Morgan, Citi, Bank of America have moved all their jobs south and their efficiency ratios reflect that. Get in line with your competitors.

Plans to fix compliance problems are still “inadequate, incomplete and insufficient to prevent” future abuses. Wells Fargo is defrauding investors who buy the stock, Congress and Regulators, because they continue to misrepresent how broken and... — read more 

Wells Fargo needs to "ramp up" for collections, credit card default, short sales, foreclosures and bankruptcies due to Covid 19 unemployment. What else can you think of for Wells Fargo business units impacted by the Covid 19 unemployment, lay offs... — read more 

They both sit on the Board of Directors for Microsoft and make $325,000 a year each. Now it is obvious how Chainsaw Charlie landed the Well Fargo CEO job. Also, how can Noski be objective of Chainsaw’s job performance? It’s like nepotism

Is anyone truly surprised by this? A little sudden and obviously its painful for people to lose their job but this has been a long time coming. We have over 260,000 employees, many of whom have been hired without true direction and purpose in... — read more 

I can no longer support Wells Fargo and will not be banking with them. What banks are domestically based? Every dollar counts these days and Charlie wont have mine anymore.

I've heard talk about Q4, does that mean we are safe until then?

Everyone on this forum needs to be honest about what’s really happening at wells. If each of us sends the same letter to the house shortly before Charlie’s next appearance we might see some real change. Either force him to tell the truth or lie under... — read more 

Charlie is just like all the former executives. He is fixated on increasing profits by cutting risk and compliance departments, and getting out from under the Consent Orders. He won’t even backfill desperately needed compliance jobs, so the... — read more 

Google (Wells Fargo job opportunities in the Philippines) and you’ll find over 100 new jobs recently posted out there. Not sure why I’m ever surprised. Maybe it’s because Wells so arrogantly boasts about “their legacy of supporting those in need... — read more 

In fact, we can coordinate a day where all of the Wells Fargo laid off employees go through the food bank lines together across the country. We can wear our Wells Fargo branded clothing. Will be great for brand awareness and should boost sales!

Charlie is literally digging wells into a deeeper hole in terms of reputation and relationship with regulators. Let’s start with reputation. Wells has been riddled with scandal and literally hasn’t had any good press in I don’t know how long. Hence... — read more 

People there is no V recovery for Wells Fargo stock. This ship is going down and will never recover! Why? Because the Regulatory problems are huge, the senior executives who are spearheading the Regulatory work streams are clueless and provide the... — read more 

It's in BizJournal, on FB, etc. today, 6/10/2020. Scharf announcing substantial layoffs imminent. After public health crisis, WF seeking "as lean a state as we can responsibly operate". (Nice rhyme... a la "if it doesn't fit, you must... — read more