I'm getting on board this crazy train (link below) because I received notice to relo or severance as part of a poorly designed 'strategy' and I know LOTS of employees that do absolutely nothing all day, day after day, that kept their jobs and... — read more
Outsourcing to India
There are already 20,000 Wells Fargo jobs in India. The transformation office is working on plans to automate your job or send it overseas to India. They are focusing on all business lines and support functions and areas related to operations... — read more
Creepy Company....Internal issues seen on Interviews.
They are nuts. NCAL is known for being nuts though.
Why are posts being deleted/removed?
If WF controlling Layoff.com now?
Performance Review Time
February and March of each year is performance review time. As stated in previous threads management are wilfully giving employees poor reviews to put them on a Performance Improvement Plan so to fire them for cause or get them to quit without... — read more
Sell Asset Management?
How long do you think it will be before they sell the Wells Fargo Asset Management business and/or the Wells Fargo mutual funds?
All WIM OPS Call
Does anyone know what this All OPS Call is about on March 5th with Nyron Latif ???
Compensation talks are now delayed!
Saul hasn’t given the go ahead, seriously?! Additionally, our pay & bonuses were also slashed...one more reason to add to the rising concerns. Maybe he’s using it to fund his vacation to Italy 😤!
Shouldn’t Charlie learn from his last mistake?
t was the company announcement many moms and dads dread. Back in November 2018, staffers at Bank of New York Mellon Corp. learned that their remote-working days would soon come to an end. According to Bloomberg, some U.K. and Belgian employees were... — read more
Corona Virus in India?
Anyone hearing any news? Don't know who to believe.
Technology Job Family Redesign
Anyone know what this is about? Are the doing away with certain job title?
Where are Wells Fargo Hub locations?
Has this info been shared? If yes, please let me know.
Phase two will move forward
They are moving forward with phase 2. If you remember in December Saul said his biggest regret in 2019 was announcing the relocation strategy without having enough data. He isn’t going to make that mistake twice, so he isn’t announcing anything. Next... — read more
What is your take on Charlie Scharf to this point?
Just curious - What has been Charlie's impact at Wells Fargo thus far? Is there a sense of direction regarding where he is taking the company? Are others within the organization buying into his leadership? Would you say that Wells Fargo has a more... — read more
Working for Wells as a Contractor
Anyone out there as an IT Contractor- Are they honoring their contract durations, or playing games like cutting early once you do some work? In Chandler Az that was the case for a long time- now I'm getting calls promising "Temp to perm", "2... — read more
Wells Fargo Pays $3 Billion To Settle Illicit Conduct Of "Staggering Scope & Duration"
The Price of Wells Fargo’s Fake Account Scandal: $3 Billion.. The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing... — read more
More BNY Mellon senior managers coming in
Anyone else get the notification about Jim Basedow? I guess he was head of compute hosting at BNY Mellon and now here at WF. Another Charlie cohort?
Phase 1 is notified and now they may not even do a Phase 2?
This is BS - they are jacking up the lives of close to 1500 people and now backing down on the bigger picture! So many lies...they also said there would be personal exceptions reviewed and then tried to play it off as it was never said — All of the... — read more
Wells Fargo Nears Deal of Approx. $3 Billion to End Probes
https://www.msn.com/en-us/money/companies/wells-fargo-nears-deal-around-dollar3-billion-to-end-probes/ar-BB10dR98
Bloated Processes
It seems like everyday it becomes harder and less efficient to do my job.
What’s happening in technology
I hear lots of people are worried?
Does anyone know anything about phase two relocation strategy
Someone knows something
Framing
Hey WF let’s quit framing the loyal and honest... next... DJ... cut your losses
Eye-opening All Marketing Update
Recent Marketing Update was shocking in what it revealed. Jamie Moldafsky admitted that, yeah, we probably shouldn't have released a reestablished ad campaign so quickly and indicated that WF was OK when it wasn't (and, clearly, still isn't)... — read more
Beware of Chainsaw Charlie
He was brought into BNY Mellon January 2018 to improve business and all he did was layoffs and left October 2019 for more $$. When they tell you it's for good of the company, don't drink the kool aid. He did not improve business at BNY Mellon. All... — read more
Anyplace else where this is being discussed?
I can't find anything on reddit or anywhere else about this. In fact the WF sub on reddit is locked down. Glad to have found this page, does anyone know of other sites & pages where more discussion is happening?
why not ask for volunteers vs forced move?
Many fortune 500 companies who have financial trouble do things different: manditory shutdown. Just reduce job hours. Everyone has to take 1 day off a week. This reduces accounts payable/accruals ask for volunteers to retire. So easy... — read more
I don't get you people
Why do you keep worrying about being laid off from Wells? Literally every place out there is better than that hellhole. If you are offered a severance, grab it like a lifeline that it is and head out to greener pastures. I'm yet to meet a person who... — read more
Warren Buffett’s Berkshire Hathaway Cuts Wells Fargo Stake
Berkshire Hathaway (ticker: BRKb) disclosed that it sold 55.2 million of Wells Fargo (ticker: WFC) shares in the fourth quarter, reducing its investment in the embattled bank to 323.2 million shares. Berkshire Hathaway noted the change in a form it... — read more
Tech Contracts Not Renewed
My team abruptly let go of three contractors we desperately needed in January. Their contacts were not renewed. Another was told their contract will not be renewed. They allocated their work to our full time team members who are already... — read more
Time for union?
Wells Fargo's forced relocations are damaging people's lives. There are countless other ways they step on employees so executives can get richer. Time for employees to organize?
Foreclosure computer Glitch?
I love the new transparent Wells Fargo
Data center outage ?
I know from experience that 75% of what I’m told is fake news that’s been washed through 8 layers of management. My question is why did Wells Fargo blame the outage on a fire when the fire department and other sources said it was caused by dust from... — read more
Wells Fargo Wholesale layoffs
Any updates on Wholesale layoffs? Please.
Location strategy?or lack of
How do we get this to the press? All of our comments concerns and inside information? Seems that the spin in the news is people being "asked" to relocate. Lest we not forget some to one of the most expensive cities in the country, San Francisco... — read more
Retributive justice for Saul Van Beurden
Typical gutless, disconnected non-caring, mechanical, uninformed Wells Fargo management strategy. The Manila team had some very sharp IT resources and will be missed. The impact of their displacement will be great. I’ve worked at WFB many years... — read more
The legacy of Charlie
He left BNY Mellon worse off than he found it, disrupted the lives of many good employees. I’m sorry you are all going through this.
Anyone that relocates for Wells Fargo is crazy...
Do not move for this company. You are placing yourself and your family at risk. They have no clue how to lead through times of change and you will find yourself stranded in a city or state that you have no connection to. Stay where you are, make no... — read more
Time Away
Anyone check out the new policy added to the TeamMember Handbook under time away? A new policy has been introduced for ‘Relocation Time Away’. It ultimately outlines that Relocation Time Away is a new benefit that is separate from your PTO allotment... — read more
I was given a notice in Charlotte
My job is getting moved to Minnesota. None of this makes sense. Phase 3 will be you team being located in only a handful of places. Even if you are in one of the 25 locations, you aren’t safe in phase 2 unless you in one of the handful you org... — read more