Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Just Ask Saul, tomorrow morning, don't forget folks

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 

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| 1045 views | | 2 replies (last July 19, 2019)
Post ID: @OP+106U34KB

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

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 

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Post ID: @OP+105bpsWq

Pre-Notice

For those who have been given pre-notice before, how long until you got your package?

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 

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 

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 

WFB WFH Policy

Is it true that we'll not be allowed to work from home any 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 

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 

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| 16710 views | | 18 replies (last September 4, 2019)
Post ID: @OP+ZJATQnV

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 

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 

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 

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