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 

For example, is it based on tenure, performance, hub location, skills, productivity, amount of work, salary, if you are a whiner, etc?

Yes, maybe some small banks or credit unions have a good culture but large corps rarely do. I knew someone working for Wells during the 2008 collapse. He made sure his computer screen was on and he was typing (randomly) when a manager walked by. When... — read more 

Mandy Norton just sent out an email asking Risk team members to fill out an activities survey so that they can identify what everyone is doing for work, and to eliminate duplication via head count reductions. Be careful what you put on your survey!... — read more 

Wells will never stop the Fraud. I received an increase on two of my credit cards without my permission. You need my authorization for any new credit period. This is FRAUD. I am moving my accounts. It is apparent that NEW Management/Board are not... — read more 

https://www.google.com/amp/s/www.commondreams.org/views/2020/06/09/big-bank-ceos-want-listen-black-communities-they-should-return-their-stolen-wealth%3famp

I looked at Glassdoor Employee Reviews from BNY Mellon when Charlie Scharf was CEO. What a SWEAT SHOP. Over and over again, the reviews talk about elimination of management layers, managers having 10 to 15 direct reports, constant employee fear and... — read more 

— read more 

It’s June and our bank wide performance objective hasn’t been defined? Guess it’s not a priority.

Planning is in progress to cut layers of management across the company in Q3. No less than 7 directs per manager. Staff cuts will be later.

So they're not considering it a hub no more? I just read the post about the CRO mandy norton saying that risk people in SF must relocate?

Wells Fargo’s C-Suite only cares about Wells Fargo C-Suite. They don’t care if they harm their employees, their customers, their shareholders, small businesses. It’s a fact. I can’t tell if they are highly incompetent or highly intelligent, but I do... — read more 

Mandy must feel really elevated these days, considering the hour long calls she has with her risk staff lecturing us serfs on how horrible all of humanity is these days. Of course, she is above us all, in her ivory tower. Talk about white... — read more 

Rumor has it......A and C are being leased; when and if we go back, whoever remains will be in Bldg B only; and will be customer facing employees in the office.....so either big layoff planned, or permanent work from home for some? Anyone know... — read more 

Honestly, these executives are SO OUT OF TOUCH with what is going on in the trenches. First of all, the flex seating and hub strategy has led to less collaboration! Why? Because no one can get enough seats for their team to sit together in flex... — read more 

I was forced off a project (reverse discrimination anyone) to let EGS take over. During the transition, it was so obvious what was going on. There was 1 out of 20 EGS that was worth anything, and most of the time these folks copy paste code... — read more 

— read more 

Assume with today’s announced restructuring of Risk that she is out or demoted.

Has anyone else noticed that Wells Fargo stock price is predicted to hit $20 per share or lower? We used to worry that it would drop below $50..then $40...then $30! PTO benefit is no longer worth the offsets... massive decrease in company match... — read more 

June will be a bloodbath..

Stay off the social media and limit your surfing from your corporate laptops. Wells is tracking everyone while wfh. They know who is working and who isn’t... — read more 

https://www.sec.gov/Archives/edgar/data/72971/000119312520074921/d864220ddef14a.htm The estimated annual total compensation of the median Wells Fargo employee (other than our CEO) was $65,931. We estimate that our CEO’s total annual compensation... — read more 

I thought work from home was more or less permanent unless you're customer facing, and they're working on the details. I was hired as a telecommuter, I was told I'd be required to start showing up at an office prior to the pandemic. Now I'm told... — read more 

I know of some pretty high level Managers at Wells Fargo that have told me they are diabetic. Looks like the government may force them to continue to stay at home and work remotely, if... — read more 

Nice to see our “leaders” finding time to do press runs in the middle of a pandemic while their respective organizations are slowly rotting on their watch. I wonder if they took time to mention their relocation strategy or their policy forcing you to... — read more 

Have some people already been called back, depending on their location?

If you don't think we're about to have major layoffs - probably one of the biggest rounds we have ever seen here - then you are choosing to be willfully ignorant. Get your head out of the sand before you are blindsided by something that was patently... — read more 

Hello senior management. There is NO way Charlie and Scott that you are going to get out from under the consent orders in the next 2 years. Charlie you are way too focused on cost cutting, so you can show the board results, and by not approving the... — read more 

Look at this hypocrite..... bragging to the press about how working remote is great, in the mean time he's screwing us by pushing the hub plan. You will be amazed at how many people can do their work from home. I was amazed myself to see that —... — read more 

Wells Fargo is always looking for ways to get rid of as many employees as possible with as little consequences as possible. So I admit I'm shocked that we haven't had many, many more layoffs since the whole coronavirus thing started. I know... — read more 

??????

Should I accept a promotion knowing that there are potential layoffs coming? What’s the likelihood of me being let go since I am going into a new role. My leadership asked me to apply for it just curious for some guidance