I worked for Charlie. I was insulted, demoralized, and saw what horrible leadership can do to a company. I will be moving my personal finances out of Wells Fargo. Charlie Scharf is scheming, manipulative and heartless. I will, seriously, pray... — read more
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
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
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?
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
when will the asset cap by federal reserve be lifted?
It will be a few more years?
Wells Fargo found a loophole to get rid of people without severance
Wells Fargo Management is NOT displacing employees with severance packages to reach 5-10% attrition. The company found a legal loop hole that sends employees out the door with zero. Management places an employee on probation with a plan for... — read more
Location Strategy on pause?
They have decided to put the Location Strategy on pause until next year. Why all the grief only to delay?
Elaine chao
Why am I not surprised she is being investigated.
Fired Wells Fargo Bank Branch Employees Are Out of Work Still
https://www.wsj.com/articles/no-one-wants-to-hire-the-fired-wells-fargo-branch-staffers-11568453400 No One Wants to Hire the Fired Wells Fargo Branch Staffers Regulators, lawmakers and the Wells Fargo board have questioned whether... — read more
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?
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
Good Marketing is Important to Retain Customers and Acquire New Customers
I think that Wells Fargo needs to reinvent it's Marketing campaigns and it's internal Marketing department. Marketing drives the effort to retain customers and acquire new customers. It is actually a very important part of a well run business. TV... — read more
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
Rafael would falsely assure victims about the security of their funds, using Wells Fargo emails and letterhead
It just never ends...... https://www.indiewire.com/2019/08/the-tale-producers-federal-money-laundering-scam-jason-van-eman-weathervane-ben-mcconley-1202167278/
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
The workforce could shrink from 48k to 40k by this time next year
Layoffs will happen among telecommuters working in offices
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
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
Will Wells Fargo know if I start a new job?
I'm thinking my days here are numbered for sure, there are some signification indications about it and I would like not to go into details about it... Anyhow I already have a #gold #replacement job lined up. I just don't want to leave before 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
Sites that have less than 10 people
Does anyone have an idea what sites within Wells Fargo has 10 or less people?
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.
i wonder how are the fired execs are doing
John Stumpf, Carried Tolstedt, Tim Sloan, and other career bankers who were fired are they resting and relaxing in retirement?
london
why have they invested in office space in London if they are making people redundant?
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
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...
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