Source below... ""Wells Fargo discloses which types of jobs it’s going to cut next"" ARTICLE: Wells Fargo said Tuesday that it slashed thousands of jobs last year by shedding management positions, centralizing functions and other steps — and that... — read more 

Contractors in IT Governance are asked to use personal phone to conduct company business even though they have been told the following —— Only use Wells Fargo issued equipment (mobile phones, laptop, desktop) for conducting Wells Fargo business... — read more 

Offer letters state in the event of employee disputes with the company it needs to go into private mandatory arbitration, which is the same agreement if a customer has a fake account opened for them by Wells Fargo Bank. If you live in CA you have up... — read more 

Location Strategy.. brace yourselves. new Head of IT, Saul, mentioned cutting number of locations (includes telecommuter locations and actual physical locations) from 900 to 100, as well as getting rid of telecommuters permanently unless they are one... — read more 

Does anyone have any updates regarding the 5-10% workforce reduction? Will the majority of the cuts come from shutting down 800 branches? What about at corporate? Thanks in advance.

As many employees leave due to layoffs or leave voluntarily, I’m hearing of Wells suing former employees to enforce the non-compete. I have an opportunity to join a competitor but am concerned that Wells may sue me too. Has anyone that’s left been... — read more 

I worked in their risk and security team in multiple capacities on and off for over a decade. The last time I was there as a contractor all their security plans were corrupted because there risk management program fell apart due to lack of qualified... — read more 

https://dealbreaker.com/2019/06/wells-fargo-hires-risk-management-exec-from-deutsche-bank-because-why Logo HOME BANKS Desperate To Overhaul Its Risk Management Team, Wells Fargo Turns To Executive From [Checks Notes] Deutsche Bank? Desperate To... — read more 

Read the headlines -- settlement after settlement ($385 million, $320 million, etc.) and it will continue for at least 10-15 years. Watch the sell offs and shutdowns -- insurance, retirement services, payroll division, etc. The list continues and... — read more 

https://abcnews.go.com/US/wireStory/wells-fargo-agrees-pay-385m-settle-car-loan-63569653 Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car... — read more 

Corporate risk has been reorging for two years now now that the Executive Control Group is formed what's going to happen to all the risk people in all the separate divisions? Thoughts?

https://www.cnbc.com/2019/06/05/wells-fargo-is-considering-appointing-interim-ceo-allen-parker-to-the-position-permanently-sources-tell-reuters.html

Regarding software development, the management, the organization, process, it really has devolved into some kind of a sick joke. Pick any facet, they all look the same. New work blatantly going to clueless offshore 'engineers' while more than... — read more 

I get the feeling now, more than ever, that it is a very bad time to be a contractor at Wells Fargo. I’m hearing that the new EVP of tech doesn’t like contractors and wants us gone. Anyone heard this too????

And nobody says a thing. 200+ folks in Bloomington were let go and the media is silent. Maybe WF Business Payroll Services is not that glamorous as Ford or GM which are in the news all the time but 200 people laid off is pretty big hit for any... — read more 

Continuing to strengthen and simplify how it serves commercial customers, Wells Fargo & Company (NYSE: WFC) announced today the leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company... — read more 

https://www.ai-cio.com/news/wells-fargo-settles-derivatives-lawsuit-pensions-320-million/ A US District Judge has approved a $320 million derivative action settlement between Wells Fargo, the Fire & Police Pension Association of Colorado, and the... — read more 

Everyone angry. So many things to be angry about. I politely suggest that we direct our rage not at each other but at the policies that are constricting each of us. Workers old and young are valuable and at the same time AI and automation is changing... — read more 

https://www.americanbanker.com/news/a-less-defensive-posture-from-wells-fargos-interim-ceo

Parts of the company will begin being sold off before the next economic downturn. Wells Fargo is exemplifying an organization in the beginning stages of its death throes. Unless you are senior executive management HR will begin their purge of all the... — read more 

Two people in our division have received immediate Final Notices for minor infractions. A third was terminated on the spot for sending not yet live social media content to third party agency via regular email. What the h*ll is going on around here?... — read more 

Telecommuters will be a target as well as anyone not in a “Hub” location. Also depending on the platform you support they will consolidate this folks in a common location. Which means if the majority of your platform is supported in Des Moines and... — read more 

No one, except maybe the three tellers we have, does anything of real value and certainly no sales. It’s like this across my region in sf bay and apparently across many regions. How long can this go on before mass store closures and lay-offs begin???

Internally, the plan is being called "IT Hygiene". Includes condensing existing groups, with people physically located in the same offices. Some people will be removed from existing teams and placed into different teams, more by virtue of physical... — read more 

I thought people with seniority were being laid off due to higher pay and benefits, and then we lose a guy who's been here for I think a year - if that long! I don't get it, why even hire people if you plan to get rid of them so quickly? This just... — read more 

Can anyone with knowledge let us know if there will be layoffs from Mr. Van Beurden’s location strategy for IT? Remote team members are also being asked to come again but there are no desks available in my department.

There are lots of banks. There are credit unions. There are brokerage firms. There are finance companies. Sorry, but if Wells Fargo doesn’t survive the sun will come up tomorrow, people will finance cars, borrow money to buy homes, and open checking... — read more 

Ours has been acting really weird Thursday and Friday - being overly helpful but avoiding eye contact kind of thing - so now I'm a little scared of what might be waiting for me at work today. Am I just imagining things? I know I've been a bit... — read more 

Wells Fargo needs to try and change the ruling by Federal Regulators that are capping the growth of the bank. Noting many other banks had to be bailed out by the USA government during the last financial recession, but Wells Fargo did not. The USA... — read more 

For two decades WF has been talking about disaster recovery planning between core WF managed data centers and after outages this year it was not working as planned. Who needs to be fired?

Contractors are asked to use their own phones for conference calls - even though their phones have been hacked. Is this how WF deals with risk mitigation?

Ah, yes. The dysfunction wand was waved over Marketing the past 2 days. Many layoffs, great managers stripped of all direct reports, teams dessimated. We get "treated" to yet another set of even more anemic and nonsensical org charts on 5/28, right... — read more 

https://www.reuters.com/article/us-wells-fargo-ceo-vetting/fingerprints-and-finances-next-wells-fargo-ceo-will-be-under-regulatory-microscope-idUSKCN1SR0XT WASHINGTON (Reuters) - From submitting their fingerprints to giving up their tax records... — read more 

For months, I was fearful of layoffs.. now, I'm begging for a package. My department has been out of work since January, and the pressure to perform (production, quality, "managing risk") is greater than ever. It's hard to be productive when you're... — read more 

With the creation of the new Control Executive Group, does anyone think there will be layoffs in Corporate Risk? The testing that is done in Corporate Risk will be just another layer of redundancy since the CEG will now be doing it. Any news on... — read more 

Lately every email received about some group meeting initially causes an innate reaction of "Oh No, is this a displacement/layoff notice"? Each day a loyal, dedicated, hard working internal Wells Fargo employee wonders just how much longer they will... — read more 

As posted by a contractor in these forums the managers in Internal Audit who are responsible for investigating criminal fraud and illicit activities are asking their contractors to work long hours without overtime pay. This must be reported to the... — read more 

I wish they would just pull off the bandaid already I wish they would just pull off the damn bandaid already. Everyone is so demoralized and miserable they should just cut the people who are going to be cut and let the others do their jobs without... — read more 

In true Wells form, they are stripping some of the best managers of staff and keeping others who are ineffectual and/or unethical/corrupt. This June will be another demoralizing turn for team members, as staff is cut and managers and staff have their... — read more 

For the execs fired most of them have savings to not work no more for those who don't what finna happen to them?