Just curious - What has been Charlie's impact at Wells Fargo thus far? Is there a sense of direction regarding where he is taking the company? Are others within the organization buying into his leadership? Would you say that Wells Fargo has a more... — read more
Working for Wells as a Contractor
Anyone out there as an IT Contractor- Are they honoring their contract durations, or playing games like cutting early once you do some work? In Chandler Az that was the case for a long time- now I'm getting calls promising "Temp to perm", "2... — read more
Wells Fargo Pays $3 Billion To Settle Illicit Conduct Of "Staggering Scope & Duration"
The Price of Wells Fargo’s Fake Account Scandal: $3 Billion.. The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing... — read more
More BNY Mellon senior managers coming in
Anyone else get the notification about Jim Basedow? I guess he was head of compute hosting at BNY Mellon and now here at WF. Another Charlie cohort?
Phase 1 is notified and now they may not even do a Phase 2?
This is BS - they are jacking up the lives of close to 1500 people and now backing down on the bigger picture! So many lies...they also said there would be personal exceptions reviewed and then tried to play it off as it was never said — All of the... — read more
Wells Fargo Nears Deal of Approx. $3 Billion to End Probes
https://www.msn.com/en-us/money/companies/wells-fargo-nears-deal-around-dollar3-billion-to-end-probes/ar-BB10dR98
Bloated Processes
It seems like everyday it becomes harder and less efficient to do my job.
What’s happening in technology
I hear lots of people are worried?
Does anyone know anything about phase two relocation strategy
Someone knows something
Framing
Hey WF let’s quit framing the loyal and honest... next... DJ... cut your losses
Eye-opening All Marketing Update
Recent Marketing Update was shocking in what it revealed. Jamie Moldafsky admitted that, yeah, we probably shouldn't have released a reestablished ad campaign so quickly and indicated that WF was OK when it wasn't (and, clearly, still isn't)... — read more
Beware of Chainsaw Charlie
He was brought into BNY Mellon January 2018 to improve business and all he did was layoffs and left October 2019 for more $$. When they tell you it's for good of the company, don't drink the kool aid. He did not improve business at BNY Mellon. All... — read more
Anyplace else where this is being discussed?
I can't find anything on reddit or anywhere else about this. In fact the WF sub on reddit is locked down. Glad to have found this page, does anyone know of other sites & pages where more discussion is happening?
why not ask for volunteers vs forced move?
Many fortune 500 companies who have financial trouble do things different: manditory shutdown. Just reduce job hours. Everyone has to take 1 day off a week. This reduces accounts payable/accruals ask for volunteers to retire. So easy... — read more
I don't get you people
Why do you keep worrying about being laid off from Wells? Literally every place out there is better than that hellhole. If you are offered a severance, grab it like a lifeline that it is and head out to greener pastures. I'm yet to meet a person who... — read more
Warren Buffett’s Berkshire Hathaway Cuts Wells Fargo Stake
Berkshire Hathaway (ticker: BRKb) disclosed that it sold 55.2 million of Wells Fargo (ticker: WFC) shares in the fourth quarter, reducing its investment in the embattled bank to 323.2 million shares. Berkshire Hathaway noted the change in a form it... — read more
Tech Contracts Not Renewed
My team abruptly let go of three contractors we desperately needed in January. Their contacts were not renewed. Another was told their contract will not be renewed. They allocated their work to our full time team members who are already... — read more
Time for union?
Wells Fargo's forced relocations are damaging people's lives. There are countless other ways they step on employees so executives can get richer. Time for employees to organize?
Foreclosure computer Glitch?
I love the new transparent Wells Fargo
Data center outage ?
I know from experience that 75% of what I’m told is fake news that’s been washed through 8 layers of management. My question is why did Wells Fargo blame the outage on a fire when the fire department and other sources said it was caused by dust from... — read more
Wells Fargo Wholesale layoffs
Any updates on Wholesale layoffs? Please.
Location strategy?or lack of
How do we get this to the press? All of our comments concerns and inside information? Seems that the spin in the news is people being "asked" to relocate. Lest we not forget some to one of the most expensive cities in the country, San Francisco... — read more
Retributive justice for Saul Van Beurden
Typical gutless, disconnected non-caring, mechanical, uninformed Wells Fargo management strategy. The Manila team had some very sharp IT resources and will be missed. The impact of their displacement will be great. I’ve worked at WFB many years... — read more
The legacy of Charlie
He left BNY Mellon worse off than he found it, disrupted the lives of many good employees. I’m sorry you are all going through this.
Anyone that relocates for Wells Fargo is crazy...
Do not move for this company. You are placing yourself and your family at risk. They have no clue how to lead through times of change and you will find yourself stranded in a city or state that you have no connection to. Stay where you are, make no... — read more
Time Away
Anyone check out the new policy added to the TeamMember Handbook under time away? A new policy has been introduced for ‘Relocation Time Away’. It ultimately outlines that Relocation Time Away is a new benefit that is separate from your PTO allotment... — read more
I was given a notice in Charlotte
My job is getting moved to Minnesota. None of this makes sense. Phase 3 will be you team being located in only a handful of places. Even if you are in one of the 25 locations, you aren’t safe in phase 2 unless you in one of the handful you org... — read more
major shareholder demands ceo move to san francisco
https://www.bloomberg.com/news/articles/2020-02-12/munger-says-wells-fargo-ceo-scharf-ought-to-be-in-san-francisco Charles Munger, whose Berkshire Hathaway Inc. and Daily Journal Corp. are shareholders in Wells Fargo & Co., isn’t a fan of the... — read more
Manila is no more
The entire staff in Manila is being let go, their work being moved to India. The Manila team is very good and this is a loss.
This whole thing is a ruse. In the name of Agile and Co-location
Don't panic. Don't move. Take you time to find work. Feb to Oct is a long time. Don't quit - let them laid you off and take the severance. Find new job that starts at the right time (starts in Nov) and enjoy! This whole thing is a... — read more
Phase 2
Any ideas? Should we all move to a hub now before they ask us all to relocate
Location Strategy Phase 1 Completion
According the email from Saul, Phase 1 of the relocations have been notified. If you weren't notified, you aren't in phase 1 and can go about your life for at least the next.
Everything You Need to Know
Everything you need to know about Wells is in Saul's email. They've been giving "empathy training" to management. SMH. This is how they got away with stealing from hundreds of thousands of our customers.
Everybody should leave this toxic place
I have wasted four years of my life at Wells Fargo, mistreated every day by management with no skills, overworked due to unrealistic goals, and exhausted by the toxic work environment. This affected every aspect of my life and health, physical and... — read more
Do you think WF wants you to be successful ?
As a banker I have strong feelings this company doesn’t want me to be successful in building relationships with customers. Why would they want customers coming into branches that the bank is trying to close ASAP. Seems like the only thing they want... — read more
Manila IT layoff of 700 employees
Today Wells Fargo let go 700 employees in Manila that supported IT functions. Work place strategy being blamed and IT work being moved to India. Resources in US IT also received relocation notices.
Received my notice today
Received my notice today. Would have to relocate by 10/31. Decision needs to be made by April if I will take the offer. People are already being notified and some of Saul's directs have exceptions for their org for this year.
Notice
is today really the day everyone gets there notice?
I think
I think small details like getting new carpet add to the internal conspiracies to get people to quit. Don’t give in