https://www.bloomberg.com/news/articles/2020-02-12/munger-says-wells-fargo-ceo-scharf-ought-to-be-in-san-francisco Charles Munger, whose Berkshire Hathaway Inc. and Daily Journal Corp. are shareholders in Wells Fargo & Co., isn’t a fan of the... — read more
Manila is no more
The entire staff in Manila is being let go, their work being moved to India. The Manila team is very good and this is a loss.
This whole thing is a ruse. In the name of Agile and Co-location
Don't panic. Don't move. Take you time to find work. Feb to Oct is a long time. Don't quit - let them laid you off and take the severance. Find new job that starts at the right time (starts in Nov) and enjoy! This whole thing is a... — read more
Phase 2
Any ideas? Should we all move to a hub now before they ask us all to relocate
Location Strategy Phase 1 Completion
According the email from Saul, Phase 1 of the relocations have been notified. If you weren't notified, you aren't in phase 1 and can go about your life for at least the next.
Everything You Need to Know
Everything you need to know about Wells is in Saul's email. They've been giving "empathy training" to management. SMH. This is how they got away with stealing from hundreds of thousands of our customers.
Everybody should leave this toxic place
I have wasted four years of my life at Wells Fargo, mistreated every day by management with no skills, overworked due to unrealistic goals, and exhausted by the toxic work environment. This affected every aspect of my life and health, physical and... — read more
Do you think WF wants you to be successful ?
As a banker I have strong feelings this company doesn’t want me to be successful in building relationships with customers. Why would they want customers coming into branches that the bank is trying to close ASAP. Seems like the only thing they want... — read more
Manila IT layoff of 700 employees
Today Wells Fargo let go 700 employees in Manila that supported IT functions. Work place strategy being blamed and IT work being moved to India. Resources in US IT also received relocation notices.
Received my notice today
Received my notice today. Would have to relocate by 10/31. Decision needs to be made by April if I will take the offer. People are already being notified and some of Saul's directs have exceptions for their org for this year.
Notice
is today really the day everyone gets there notice?
I think
I think small details like getting new carpet add to the internal conspiracies to get people to quit. Don’t give in
If you were Wells Fargo CEO, what would you change?
If you were Wells Fargo CEO, what would be two top things you'd change here?
They're Calling Us Into the Office Now
Requests are going out for volunteers to go into the office three days a week. The sites I'm aware of are Charlotte, Chandler, and Des Moines. These are IT people. Some of us were hired as telecommuters, adding an hour or two to my day to... — read more
WFA
WFA is done. Some good people were let go. They will find better jobs at other firms. Others were close to retirement so they got paid to leave. No one wants to talk about the dumbest move in the brokerage industry. There was nothing wrong with... — read more
China Now Requiring Some Employees to Work Remotely - Stop Corona Virus Spread
This year may not be the best for Wells Fargo to end the policy of allowing telecommuting. https://www.marketwatch.com/story/coronavirus-plunges-china-into-massive-work-at-home-pilot-program-2020-02-10?siteid=yhoof2&yptr=yahoo Chinese companies... — read more
Is Wells Fargo still a good place where to start a career.
I am a finance major in a small mid-west liberal arts school, econ major with many accounting classes. I am graduating in 2022 and wandering if I should pursue an internship with Wells Fargo (ultimately it'd be great if I'd be able to get a permanent... — read more
In 2018, Wells Fargo Increased Minimum Base Pay to $15/hr
In 2018, we increased the minimum base pay in the U.S. to $15 an hour, which benefited approximately 36,000 team members!
Wells Fargo Advisors Layoffs
I am puzzled why we do not have any updates on Wells Fargo Advisors Layoffs here? Why are people being silent despite layoffs?
Where My RSRs???
Wow, great display of Wells Fargo reliability today. 'Service Unavailable' when I try to view my new stocks on shareowneronline.com Good job Wells Fargo!
Where’s chuckles?
It has been so quiet lately. Is Chuckie still running the bank?
Filing for bk
Can an employee file for bankruptcy and keep their job? Over the last two years the loss of income has screwed me!
Remote Relocation Confusion
I am not in any of the cities listed for expansion or maintenance. My city has a call center and a dwindling number of downtown staffers, wealth management has left the building. I am remote but I commute to my cube. So according to the latest... — read more
Embarrassing Tech Town Hall
I am so embarrassed to be in Wells IT. The list of "we need to fix this and..." is insane. What has upper management been doing for the last decade? I see some of the things we're working on now to move Wells into the year 2020 and it still... — read more
Displaced Team Member Support
Noticed on Teamworks there is a new 'Displaced Team Member Support' section. What is up with that? Is the hammer about to come down hard?
Question for Check Processing sites regarding WIC checks
For the past 5 years or so, states have been converting from WIC paper checks to electronic WIC (eWIC), with EBT cards. When your site lost the WIC checks, did you encounter any layoffs and/or cut hours for your check processing people? And roughly... — read more
From today”s BizJournals...
In a Jan. 4, 2017 CNN Money article headlined, “Wells Fargo admits to signs of worker retaliation,” Eagan wrote, “Wells Fargo says it has found evidence that at least some of these whistleblower retaliation claims … may have merit.” Quoting from... — read more
Spans and layers
What’s going on with spans and layers? My manager just tried to promote one of his pets to a manager role. The other two managers who report to him don’t even have enough work to do and he wants to add another manager with an imaginary job... — read more
Layoffs
There have been a bunch of layoffs in WFAM the last couple of weeks, including operations team members, and inside sales wholesalers. Other that it seems like this is the calm before the storm. Any one else hearing of layoffs yet in other areas?... — read more
Is this the plan?
Is this company using broken tech and confusing policies to coverup creating a toxic and stressful work environment? It would make sense to do this as a way to get employees to quit and avoid severance and potential bad press for eliminating... — read more
Stay away
Its wells fargo, they'll lie to get out of anything.
Funny cartoon/article
http://www.brsolutions.com/tag/conflicting-rules/ The link above is to a funny cartoon and relevant article about conflicting policies. In my job title it’s not so much that the goals conflict with the policies but rather the technology that... — read more
From today’s Los Angeles Times
“I was in the 1991 Gulf War,” one employee wrote to Stumpf’s office in 2013, according to the document. “I had less stress in the 1991 Gulf War than working for Wells Fargo.” Others said they were warned that “if they did not achieve sales goals... — read more
Norwest Or Wachovia?
It’s clear many of the legacy Wachovia folks have been the chosen ones when it comes to mid senior and senior level executive roles. The question is when did this criminal activity begin? Was it when norwest acquired Wells Fargo or when Wells... — read more
Tune in...
Let’s all go watch 8 hours of Wells Fargo CEO’s lying/skirting around questions to Congress.(stumpf and Sloan) an continuously finding ways to lay people off without severance. WF has fired whistleblowers and those who refused to breach their morals... — read more
Troubles behind us?
Source Bloomberg... https://outline.com/Fp72vc WF Quashes Hope That Its Scandals Are Nearly Resolved HANNAH LEVITT JANUARY 27, 2020 Wells Fargo & Co.’s finance chief was promising analysts they would be kept abreast of the bank’s... — read more