Will be announced in Saul's call. Team members will not be displaced, required to move anymore.

Is there a hiring freeze now? Are there any areas of the bank that are still hiring? Can’t seem to get any clarity from management.

Layoffs Effective Date: 05/24/2020 - Company: Wells Fargo - Location: Concord, CA - Contra Costa County - Number of Employees Affected: 357 - Layoff Type: Layoff Permanent Source:... — read more 

Looks like WF is not in a good position: https://www.barrons.com/articles/wells-fargo-interest-income-margins-stock-coronavirus-downgrade-51588615992

https://www.yahoo.com/finance/news/remote-working-is-the-future-of-business-says-new-research-230008964.html Coronavirus: Half of managers say workers are more productive at home More than two-thirds of business owners and managers alike... — read more 

Seems about two months ago the ability to leave comments were removed from teamworks articles. Any word on why? I’m assuming all the b–ching about pay/raises/bonuses compared to exec compensation. Note that this was mentioned as a team member... — read more 

How quickly do you think they will start layoffs once the pandemic starts to wind down? I hear risk is on the table for job cuts despite the consent orders. They are waiting to pull the trigger because they don’t want the negative publicity. The... — read more 

Enjoy your new head of operations. He’s a real peach.

Sounds like the same strategy that was used in technology is coming to Corp Risk. 7 hubs and if your not in a hub you aren’t getting a new job/promotion.

Want to take a poll......I’m wondering if it’s just certain areas of WF that run their employees into the ground with insane hours each week at the expense of their families, mental health, physical health, etc? What area do you work in and how... — read more 

As a result of the Covid - 19 Pandemic, do you think Wells Fargo will move away from the Hub strategy, get on board with the 21st century, and embrace work from home? Productivity has increased with work from home, it is cheaper than leasing office... — read more 

Just filed. Fresh... Filed on behalf of small business owners today... It alleges that Wells Fargo unfairly prioritized businesses seeking large loan amounts, while the government's small business agency has said that PPP loan applications would be... — read more 

Some reorgs are being postponed until Q3, because even deeper layoffs are needed now (managers asked to dig deeper for more sacrificial lambs to slaughter at the altar of greed and mismanagement). Q3, Q4 and beyond are going to be layoff... — read more 

Curious to hear how those laid off in the past ended up, if you were able to get another internal position or found something external. If you went external - how does your new company compare to Wells?

There is no chance the Location Strategy can proceed. The entire world has finally been forced to realize we are in the 21st Century and don't need to drive in to an office to work. The Reputational Risk to proceed with a ludicrous co-location plan... — read more 

During a All Hands Call last week, our leader said that they are tracking team member productivity and they were surprised productivity increased as a result of team members working from home. Does anyone know how they are tracking productivity?

There is a hiring freeze for all of Wells Fargo thru at least the end of April 2020.

Saul is babbling like an id–t about the pandemic. He is saying that he has learned nothing from the last three months and we're all going to be sneezing on each other as soon as possible. I do not have confidence in my company's... — read more 

Maybe the USA states will stop the stay at home order soon. May 1, 2020 is not the official END to the spread of the corona virus in the USA. In fact, from the news articles I have read the corona virus is just beginning to spread across the entire... — read more 

Defaults = Losses = Layoffs Source: npr.org/sections/coronavirus-live-updates/2020/04/14/833920538/americas-largest-bank-jpmorgan-chase-prepares-for-massive-round-of-defaults

Just a friendly reminder that going to ER about your boss is a useless exercise even if you have documentation. Unless you have evidence that your boss committed fraud or violated a policy, you will be met with nothing of value.

Hsbc announced 35000 person lay-off during Nd their earnings report in January. Will wf do the same?

Saul's Folly: If he sticks to his Location Strategy, he will go down in the history books and business case studies of fiascos and greatest all-time blunders as the guy who forced employees to not only relocate but go back into the office to risk... — read more 

“In Face of An Epidemic, Wells Fargo enforces 680 Technology Teammates to Relocate To Other States” This would be completely absurd if you read it in a paper, yet is what is actually happening. So absolutely crazy!

Has anyone heard about the “90 day work share program” for retail banking employees? They are saying that if you’re in quarantine Due to health reasons or your branch is closed you have to be in this program, which is basically sounds like a call... — read more 

He needs Jim Cramer from mad money to call him and beat his eardrum up about getting these small business loans approved for people that need them. Now there's a leader who gets things done. Cramerica! Boooya!!!

Another JPM Chase crossover....and why even mention Sharon L at this point??? Just sad. What a strange, strange technology organization to be a part of.

They’re splitting up team members into different teams and having they rotate shifts. I quote “ We need to have them separate Incase one has it, it wont affect the whole team.” Worst part is when you try asking for a mask or gloves and managers act... — read more 

The US Government still will not lift the asset cap. Says everything you need to know about faith in Wells Fargo.

Life on Earth will be very much different from now on. Business will need to align to the new reality.

Did you see Charlies' emails.... All but blaming their inability to make more loans on the consent order we're under.... How much you want to try to use the virus to get out from under it, pathetic

Alright so first off they as in district leadership tell branch managers to go outside and guide traffic; corporate properties even ordered extra traffic cones and reflective vests to aide with this activity. Then an email is sent from corporate... — read more 

Given this economic shutdown, it's clear that there will be layoffs before too long. As a remote worker, before this disruption, I was planning not to entertain the idea of relocating when "Wave 2" of the relo tsunami hits. But jobs will be harder... — read more 

What are the chances we'll get the same pledge from our leadership? I mean, if one bank can find a way to do it, then I'm pretty sure all have a way to make it happen. The only question is are they willing to do so. And knowing Wells Fargo, the... — read more 

All Hands Meeting today. Layoff question came up and we were told Management has not been told layoffs are on hold. Seems the media is not correct in stating Wells is following other banks doing the right thing.

Look. I’m a BNYM employee and I can tell you with 100% certainty every move WF is making is due to sharfs directives … Not any other executives. The guy is an egomaniac. To the point where he had everyone of his direct reports have to submit a... — read more 

We need a statement like this... https://www.cnbc.com/2020/03/27/bank-of-america-ceo-doesnt-want-employees-worrying-about-their-jobs.html

Anyone have good experiences with the STAR program? Did it turn into a regular position after after it ended?

Any ideas on how long will this reprieve from job cuts last? Are we going to relax just to have them pull the rug from under us once again as soon as next week? This is a stressful enough situation as it is, that would just make it even... — read more 

Three simple steps: - Adjust internal operations (WFH, remote work, paperless, video conferencing) - De-risk branckes (sanitizers, deep cleaning, protective gear, masks, thermometer, etc.) - Shift as much as possibl to digital (build... — read more