Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

What to expect from your new ceo?

As a long-time BNY employee... 1) he will assess for 3-6 months and make big growth promises 2) then he will deploy the Visa playbook 3) anyone WFH will be fired 4) managers must have 9 people report to them or they are demoted or fired 5) up... — read more 

If this doesn’t sound like desperation

Wells Fargo Advisors is working hard to bring in fresh blood as its grapples with the industrywide problem of a graying workforce and seeks to put a series of scandals at its parent bank behind it. To that end, the brokerage is attempting to give... — read more 

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| 1360 views | | 3 replies (last October 9, 2019)
Post ID: @OP+11dGIQpQ

Marketing Displacements

Several layoffs occurred last week in Marketing. Impacted team members were told that the information is considered confidential while structured interviews take place to finalize the RIF initiatives. Communications to broader teams are expected by... — read more 

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| 1000 views | | 4 replies (last October 5, 2019)
Post ID: @OP+11c4jlH9

Concord, CA Locations and Displacements

Hearing rumors that the lease on an office building in Concord is expiring which could lead to displacements as soon as mid-October. Has anyone heard anything about this?

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| 1470 views | | 7 replies (last October 17, 2019)
Post ID: @OP+11cPL9Ll

Location Strategy Mistake

Just listened in on an interesting meeting, and the topic of Location Strategy came up. Turns out it's on hold for the moment. Here are some notes: The "decisioning data" was bad and senior mgmt says "we've had to take a step back". That data... — read more 

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| 1530 views | | 7 replies (last September 26, 2019)
Post ID: @OP+11c7KVuc

Location Strategy on pause?

They have decided to put the Location Strategy on pause until next year. Why all the grief only to delay?

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| 1701 views | | 4 replies (last September 17, 2019)
Post ID: @OP+115wpmBJ

Elaine chao

Why am I not surprised she is being investigated.

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| 1190 views | | 6 replies (last September 23, 2019)
Post ID: @OP+115z99AT

Wells Fargo Advisors announced displacements today.

They are merging PCG and WBS and hundreds of Compliance and Operations team members will be laid off. They are in phase 3 of 4 and all layoffs will be completed by December. How cruel to do this right before the holidays!

What are the ORC definitions?

I’ve been approached about a job at Wells Fargo. How do the levels work? Is Orc 5 better or worse than an Orc 6? What’s the best level? Do you feel Wells is a good place to work?

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| 2100 views | | 11 replies (last September 13, 2019)
Post ID: @OP+10ZoawWr

No more Quality managers

Technology is getting rid of testing managers/quality managers. Wonder how the OCC will react to that one? At least in technology there is no quality manager title nor is there a official testing manager role. We are all classified as tech... — read more 

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| 3270 views | | 3 replies (last September 10, 2019)
Post ID: @OP+10Yp8Rbv

San Francisco shrinking

It seems that for mid-level positions (not junior roles nor senior management) it's nearly impossible to get hired in San Francisco. Sure, there are some postings out there that list SF (among other locations that nearly always includes Charlotte)... — read more 

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| 1230 views | | 7 replies (last September 8, 2019)
Post ID: @OP+10Uqyc5M

Visit Facebook.com/IHateWellzFargo

Wells Fargo illegally fired me, then illegally repo’d my car due to illegal placement of CPI, and I had to come up with $2k in two days to get my car back before it went to auction. THEN, they illegally foreclosed on my home. Shortly after all of the... — read more 

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| 1470 views | | 3 replies (last September 16, 2019)
Post ID: @OP+10Q7geh8

High turnover of employees

So many are burnt out to the point they are leaving even for lower-paid jobs. I even know a guy who quit on the spot without having anything lined up, he was just so tired of everything that he couldn't take another hour, not to mention a day of this... — read more 

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| 1100 views | | 1 reply (September 1, 2019)
Post ID: @OP+10PmK6wN

Working from home - take up another job

I am a remote tech worker with Wells Consimer banking. My job is not difficult (mostly support) and have been a remote worker since 2010. Can i do another emote job on the side ? No one seems to care here what I do or where I am. They just check if I... — read more 

What we did and didn't learn from this

What we learned in this meeting: Telecommuters that work in Saul's world in sites that have less than 10 Team Members will be required to come to the hub location closest to their current remote location. Telecommuters that work in locations... — read more 

Today's the day!

Everybody got their popcorn ready for the big show today? I am really looking forward to being ENTERTAINED!

Cash Vaults closing

I saw on Teamworks that the Boise and Tuscon (I think) are closing. Not sure what that means for layoffs

SHP QUALITY MANAGER

Heard thru the grapevine the qa manager is leaving the program. First part of September. Kinda proves that certain people have a huge influence. Basically drove her out. Isn't 50% of our objectives Risk. Raise your hand then get booted.

london

why have they invested in office space in London if they are making people redundant?

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| 584 views | | 1 reply (August 23, 2019)
Post ID: @OP+10GbCcAm

Location Strategy- how is Location defined ?

Has anyone come across the definition of location? Is it a city or is it a site or is it a collection of sites? For e.g. Is Charlotte 1 location OR 3 locations - Ballentyne, Downtown, CIC OR 6 locations - 2 Ballentyne, 3 Downtown, 1 CIC — read more 

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| 1130 views | | 3 replies (last August 23, 2019)
Post ID: @OP+10FhJTQv

Merging EQE with Development

It finally happened. EQE is merging with development. This will create better communication between developers and testers and help in the transition to Agile. This happens all the time. Back and forth it goes. For those including execs... — read more 

WFB Hogan System

How long it takes to apply a simple change to Hogan? Let's discuss...

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| 1340 views | | 1 reply (August 22, 2019)
Post ID: @OP+10FLyZMe

IT technology

What does the strategy mean for us all? Yes they want everyone in a hub city but if I relocate that doesn’t mean my job is secure so I move my family and still might get laid off. You can’t run a company without good solid communication

SHP and Dimensions

Agile project SHP everyone wanted to be on and now everyone wants off. They thought that would guarantee a job. No dummies it is not a mandatory project with funding. Your leader is a joke..don't agree with her and your removed even though 50% of... — read more 

We are losing key employees

Wells Fargo is losing some really KEY employees who are leaving to go to other companies. They are people who are not replaceable due to their extensive knowledge of the business and IT systems there. This is a major blow to Wells Fargo. Some are... — read more 

Toxic leadership with all the wrong moves

Saul exemplifies what's wrong with WF. Delusional, overpaid narcissist. Is this what you want, WF? Quality leadership be d-mned, just find ways to get people to leave without expense? We're hearing you loud and clear. You've lost our... — read more 

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