I'm sure every question will be filtered, you saw him tossing the red block AT people, instead of into the air when answering the soft balls.... so I doubt he'll get any real questions but don't forget, it's tomorrow morning. Check your inside this... — read more
We're not the only ones who want out BAD!!!!
Interim Wells Fargo CEO Uses Earnings Call To Remind Everyone He's Doing A Great Job That He Hates https://dealbreaker.com/2019/07/wells-fargo-has-solid-quarter-ceo-still-hates-job
Free shipping on WellsWare - Now they offer free shipping when moral and the company is at it's lowest??
Now they offer free shipping when moral and the company is at it's lowest??
The meeting was useless
Whatever message they were trying to convey today was undermined by the fact they didn’t come ready to address the central issue that most EIT employees care about-location strategy. If we don’t know where we will work, how far we have to drive, if... — read more
HR Layoffs
Since many jobs will be cut or moved offshore how many HR employees will be cut?
The Saul Show
Could we give Saul his own TV show and let him give us back our time? What am I watching? This is the big "layoff" meeting?
The good will be negatively impacted and the bad will stay
They will protect the executives in EIT Risk in NYC and create a policy that will protect them. These Risk Leaders will ignore the edict. They will use location strategy to get rid of folks because they cannot make the argument on performance and it... — read more
Eerily reminiscent of Lehman Brothers https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day
The collapse of Deutsch Bank has been a long time coming and is eerily reminiscent of Lehman Brothers. Although, this is happening in Europe, US banks will be affected.
Pre-Notice
For those who have been given pre-notice before, how long until you got your package?
Frederick Layoffs
50 or so in Frederick just got their pre notice
"Wells Fargo Technology Strategy 2022"
Where can I find more info on this?
New content released on 2022 EIT Strategy, but nothing substantive with regard to the "Location Strategy"
Did anyone see the new page released in teamworks related to Saul's 2022 strategy? It does not seem to contain any relevant information regarding the location strategy and any concrete info related to "hub" sites. I have worked at the Frederick MD... — read more
It's all a ploy by management
iT functions in helpdesk are off shored to the Phillipines and software development to India. Yes many people in Corporate Risk and EIT are home based with the exception of some small offices or branches some of those people have to relocate to a... — read more
How transparent do you think Wells Fargo management really is?
After everything that has happened, do you think anything has actually changed in the past several years? Is there now more transparency in how things are being done or is it still just more of the same? Personally, I have seen no improvements... — read more
July 17th Technology Town Hall - What will we learn?
As many of you have heard either directly or through the rumor mill, there is a plan in place to reduce or eliminate telecommuting. I find this to be very interesting considering there is a substantial amount of Team Members in Corporate Risk, EIS... — read more
WF must settle overtime lawsuit says judge
https://www.journalnow.com/business/wells-fargo-employees-said-they-had-to-work-off-the/article_2fe3e3b5-6fe3-5912-9dfa-139fa1ab71bc.html A federal judge gave preliminary approval Tuesday to a settlement that would have Wells Fargo & Co... — read more
7/11/19 Reuters article "Wall Street banks bailing on troubled U.S. farm sector"
https://www.reuters.com/article/us-usa-farmers-lending-insight/wall-street-banks-bailing-on-troubled-us-farm-sector-idUSKCN1U618F No mention of Wells, just Chase.
Wells Fargo Restructuring 2019
WF combined the business banking, government and institutional banking, and middle market banking businesses into the commercial banking division. The new org will be led by Kyle Hranicky (are they giving him a CEO title?) - anyhow, the focus will be... — read more
Wells Fargo Frederick Site Closing??
Has anyone heard if there will be any layoffs or if that site is on the chopping block for closing.
How informative Wells Fargo town halls really are?
How useful are they, really? Because to me, they seem like a complete waste of time.
WFB WFH Policy
Is it true that we'll not be allowed to work from home any more?
Best people are leaving + telecommute ban announcement coming
"It's not the first time and it won't be the last." This is what a colleague said to me on Friday when I was dreading delivering another crushing announcement to my team this coming Monday. On top of much of my top talent leaving the past few weeks... — read more
Consumer branch manager unethical
Anybody have any stories or times a branch manager was stealing time. When I say stealing time I mean he’s leaving work during company time to do personal business and not letting the district manager know, then stays after work to “make up the... — read more
Corporate Risk
All corporate risk including IT Security and credit risk functions are under the chief risk officer some lady from JP Morgan Chase after Mike Loughlin got pushed out. While i was there a couple if years ago as a contractor I had to redo all their... — read more
Contractors as a 2nd Class Caste @ Wells Fargo
I worked as a contractor at five or six Fortune 500 companies and they are not treating contractors well... Wells Fargo is not different. Each company their own fairly refined way of making you feel like you are second class citizen. What I’ve seen... — read more
How many think WF can turn things around and restore its reputation?
On a scale of 1-10 (10 being extremely confident), do you think WF can restore its reputation and attract new customers? It will likely never get back to where it was, but will limping along in survival mode end?
Branch Closings
Just read in the Business Journal that Wells Fargo just filed 35 branch closings with the OCC today. Funny no mention on our intraweb or anywhere else. The only confirmed branch I could find on the list is the Triad branch in NC. Any other news?
Resigned from WF and am liberated!
Yesterday, I resigned from Wells Fargo. I spent months looking for the "right" job, interviewed, and accepted one with a terrific company. The pay is excellent, the people are talented and upbeat, and the well-known company gets positive reviews... — read more
Wells Fargo Strategy 2022
We're being told that "An important communication about Strategy 2022" will be made on Wednesday July 17th, at 11:00am EST via town hall event from the Leadership Team which will be live streamed to team members at all locations. Word we're getting... — read more
July 17 meeting
We're being told that "An important communication about Strategy 2022" will be made on Wednesday July 17th, at 11:00am EST via town hall event from the Leadership Team which will be live streamed to team members at all locations. Word we're getting... — read more
Layoffs coming September 1, 2019
Reliable sources quoted that Wells Fargo will announce a round of layoffs and displacements beginning September 1, 2019. Some employees have already been given options to accept severance packages prior to the pending displacements. No word yet on... — read more
Mary Mack Should be WF CEO? I DON'T THINK SO!!!
https://www.bloomberg.com/news/articles/2019-06-21/at-wells-fargo-a-chance-dims-to-break-u-s-banks-glass-ceiling Inside Wells Fargo & Co., Mary Mack looked like a rising candidate to become its next chief executive officer, shattering the industry’s... — read more
Transferable Skills
We know the anxiety of layoffs as WF but looking at layoff.com pages for other big banks they're laying too. If one has financial services skill sets mostly used in banks such as a loan officer ow do they move to other companies? I think IT is one... — read more
Nothing WF did will matter. In the end we’re all getting RIF’d
Apple created the platform for digitization of banking via their iPhone. Facebook will finish us off. They’ve figured out how to become a bank while usurping banking laws. We’re totally screwed... — read more
Wells Fargo pockets Trump tax windfall as workers see job promises vanish
https://www.theguardian.com/business/2019/jun/15/job-losses-trump-tax-cut-at-t-general-motors-wells-fargo Wells Fargo, the fourth largest bank in the US by assets, tied a minimum wage increase of $15 an hour to the Trump tax cuts and pledged... — read more
Why do YOU stay?
For those that have made the decision to stay with Wells even if your job has been eliminated, what do you say is the reason you want to stay? Here are the common things I’ve heard from my team members in my office. A) I have so much in RSUs that I... — read more
Several layoffs today
Anyone know what the package is?
5-10% staff cuts or could it be more?
Wells Fargo has disclosed 13k to 26k in job cuts. Those figures are net of job hires. So factor in the thousands being hired in risk positions and the cuts seem like they will be significant more. Plus revenue is dropping like a rock in all the... — read more