I got my mid-year today. The CP&D tool wasn't up, so my manager read it to me verbally. I got comments on 2/3 of the objectives for my team (the third is still undefined). I also got an overall rating. My overall rating was 4. The qualitative word... — read more
What’s with the aggression
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
Just what does a TRM (Technology Relationship Manager) Do....really??
lets see - a TRM makes phone calls they make calendars they put together decks with information they got from someone else they put out tons of emails indicating this, that, and the other thing they threaten if they feel they are not The... — read more
My manager only has 6 people, what will happen?
My manager only had 6 employees. What is going to happen to said manager, and to my own a–?
Project Management At Wells Fargo (Benny Hill Version)
Seriously - this is how it works: Problem - 10 managers find an issue and assign it to an engineer Said engineer says hey how can this be, I need help A project is spun up - adding a bunch of service managers and their bosses 50 folks from... — read more
Is Atlanta still a hub city?
As far as I know it’s still under approval right? So will Atlanta be a hub city? Or we are all dangerous here and could be removed? Thanks.
Wall Street Journ article today on Wells
https://www.wsj.com/amp/articles/wells-fargo-tightens-purse-strings-to-ride-out-coronavirus-pandemic-11595669400 The last sentence in mid year is most telling. Reaction, guys?
When are layoffs expected to begin? Any news on what packages look like?
Been at WF for about a year and I've been told I'm on the chopping block and trying to figure out how much runway I have before I'm destitute.
This needed its own thread - Gangsta move
From the Automate your Job post * Love this! Fist bump and pump to you guys! Secretly I did the same. I didn’t tell anyone the recipe or the details. It was for my benefit. Did I reinvent the wheel?... — read more
What is the point of the stock purchase plan???
I’m a new hire (for how much longer? Who knows). I went to enroll in the stock purchase plan and found out that the shares are just bought on the open market at no discount... Can’t I just do that myself? Sounds more like a benefit for Wells Fargo... — read more
How do mid-Years REALLY Work?
Finally going through the mid year process and got a rating of "meets" I assume that is the 3 everyone talks about. I work hard and have been with the company only 8 months...is this typical of newer employees ? Everyone is being so obscure about... — read more
Could there *be* more training in Corporate Risk?
I mean, seriously.
Automation is just a fancy term for salaried to work 15 hour days
Can’t automate anything if your budget is cut to the bone.
Layoff count
Based on the $10bn reduction in expense from comparing WF to JPC the bank will have to layoff about 75,000 FTE's.
Midyear Performance Ratings
“Managers will be assigning a thoughtful overall performance rating for each of their employees.” Oh, good. We were worried for nothing. 😉
Human Resources Updates
Boston Consulting Group, David Galloreese, and the CEO will lead efforts to maximize efficiency and reduce staffing. Other executives and senior leaders across the lines of business will be involved as well. Wells Fargo is in talks to... — read more
Diversity and layoffs
Given all the talk of diversity, will someone who is preparing the packages let us know of diversity is a factor or layoff? Or should I say lack of diversity?
COO Org Announcement
In addition to the new Strategy exec announcement and CFO retiring announcement, the COO posted an update on the BNY person hired to be the head of operations, he started yesterday. This persons accountabilities and org structure are unbelievably... — read more
How many layoffs due to the coronavirus so far?
Do we know how many people have been laid off since the pandemic started? It'd be nice to know where we fall among other banks in number of jobs cut. Then we'd know if the layoffs are truly connected to the pandemic or if Wells Fargo is just using it... — read more
Boiling frogs at WF
So many WF employees are acting like boiling frogs...the water temperature has been heating up and they are acting like it will all work out as they sit in the lovely hot tub. Let's all get out before it's too late.
Digital Product Management/Virtual Channel
Hi, any insights on this group mostly comprised of product managers/owners
How enthusiastically would you reapply for a job here at Wells Fargo?
Please share your thoughts
Wells Fargo CEO vitrual summit 7/21
Here is what was laid out in the conference call with the CEO and CFO: Projected to cut $10 Billion starting prior to year end 2020 over multiple phases. Risk/Control only departments safe from cuts. Unknown number of job cuts at this... — read more
I’m out...
Not sure what’s going on with this discussion board, but I’m not really getting anything of value from it lately. Yes- It is anonymous, so I shouldn’t have any expectations. I expect too much of people, I suppose. But it was at one time a fun... — read more
Wells will be leaving One Wells Fargo Center in uptown Charlotte by the end of 2021
https://www.wsoctv.com/news/local/big-changes-store-uptown-office-tower/PDKWDFVCINEWXKPD3IIOZPOZXI/ "The 42-story tower, which contains a little more than 1 million square feet of office space, will be rebranded and renovated as legacy anchor... — read more
Funny
I applied and interviewed for a position outside of Wells. The hiring manager during the zoom said oh you are at wells. No offense last thing I want is to hire a wells fargo leader. My response well last thing I want is to be a wells fargo leader so... — read more
What IT things are they implementing for folks?
I've heard they will look for idle times. Are they looking at log on log off times? Are they taking screen shots like people suggested? what is the truth?
CFO Retirement
Seems like the prior posters are getting what they want. CFO is announcing retirement with BNY CFO joining ranks in the fall. More Chase backgrounds, more of Charlie's angels joining to reform the bank. Let the show begin....
CFO retiring
Another BNYMellon alum coming in.
It's difficult to watch this
It’s sad to watch a company die, to see all the wasted potential, to see everything the employees are being put through on a daily basis, to see the greed of those on top consume everything that was once good here... We were once at the top of the... — read more
Manipulating rankings to terminate for cause is REAL!
Well, turns out it's all true. FIVE of some of the best partners I've ever worked with at WF were given rankings of 2 today. They are experts at what they do, efficient, engaged, helpful, proactive process improvers, etc. All have had great... — read more
Question for the people here helping to prepare packages
Would you be able to elaborate a little more? Someone posted they are making layoff packages that will go out from July to October. Here are some questions I hope you may be able to answer about this round: Does it look to include mostly managers or... — read more
Any good lawyers that have helped team members
looking for some names to get guidance. Local ones tend not wanting to take on wells or lack of experience. Said to search for one that has had luck taking on wells fargo
Is layoff going on?
Not seeing any so far. Any updates?
Contractors are all showing up zz
and i counted 10 branch closures anyone here see contractors axed?
How is WF still unethical?
How can so many of you claim that unethical acts are still occurring After everything that has happened. I get the sense that the term is being thrown around whenever something that impacts you happens. Can you provide examples of these unethical... — read more
Mid Year Rankings
The consensus seems to be that mid years will include rankings. Do we anticipate this information being shared with the employee or will this be for management use only?
A poll
How many of you are actively hoping to see this company fail? Even if it means losing a job during a pandemic and a major economic downturn? Let me start: I do! This place is so toxic, unethical, and rotten to the core that it really shouldn't... — read more
Deleted! Why would the public affairs/Corp comms thread get deleted?
That’s bizarre. It was benign. I was following it as I’m in public affairs. Who/how can you have it removed?