https://www.reuters.com/article/us-usa-wellsfargo-occ/u-s-bank-regulator-to-review-wells-fargo-pick-for-chief-executive-idUSKCN1SL21A

After everything that has happened in the last several years, who still trusts Wells Fargo leadership? Even with the (very superficial) changes that were made? Anybody?

I honestly love my job. I don’t know where the hate is coming from? We don’t have to be productive and the managers don’t have to hold people accountable anymore it’s a win win. I truly hated hitting goals and targets always having activities... — read more 

Seriously, where have you been in the past several years/decade? If things can be outsourced, they will be outsourced. They can't do it all at once, but they've been doing it continuously and very consistently for a long time. Do you really think... — read more 

IT outsourcing is happening as soon as the new CEO is in place. A couple reasons why WF is going this direction. First IT hasn’t delivered systems to satisfy regulator MOUs. The regulators want to see old legacy systems updated and it just hasn’t... — read more 

Outsourcing the Wells Fargo IT operations will be the final "blow" that will cause the company to go bankrupt. All of the Wells Fargo business units rely on the Wells Fargo IT systems and support. There is a great knowledge required to operate the... — read more 

Garbage leadership + lazy team members = Winning

Contractors are being asked to work significantly more than 40 hours and they are, yet not allowed to charge the hours they work. Is this legal?

I have heard about a potential outsourcing of system support as a way to cut people and costs. I don’t know if the decision has been made to go in this direction but know it was being discussed. 20,000 people in technology would be a huge cost to cut... — read more 

https://www.cnbc.com/2019/05/10/wells-fargos-ceo-search-hindered-by-pay-limitations.html Wells Fargo's hunt for a new CEO is being impeded by limits on how much the bank can pay its next leader, a person close to the search and several industry... — read more 

I’ve heard about a potential outsourcing of system support as a way to cut people and costs. I don’t know if the decision has been made to go in this direction but know it was being discussed. 20,000 people in technology would be a huge cost to cut... — read more 

1) It would seem he's being groomed to stay on as permanent CEO. 2) He's a good speaker, trying to motivate the troops (he was lead partner in law firm, so his public speaking should be top notch). But should leaders expect team members to trust... — read more 

Does anyone know what the June 5th Technology Infrastructure Team Engagement Session - EOC Overview is about? That's a group that handles a lot of things, including layoffs (under "Change"), and it's about that time of year.

https://www.bloomberg.com/amp/news/articles/2019-05-06/at-wells-fargo-some-executives-push-for-interim-ceo-to-keep-job While Wells Fargo & Co.’s board looks far and wide for the bank’s next leader, some of the company’s most senior insiders have an... — read more 

Anyone know what is this “informal” meeting Saul next week in SFO? In the email that I got, I see only about 50 invitees.

The current upper management team is desperate to keep the interim CEO in the job permanently, IOW maintain the status quo and keep their jobs. An outsider would more than likely prefer to build a new management team with his or her own cronies. So... — read more 

https://www.bizjournals.com/charlotte/news/2019/05/05/wells-fargo-expects-more-remediation-on-deposit.html?ana=wsoc Wells Fargo & Co. (NYSE: WFC) is investigating two issues with its consumer deposit accounts — both of which will likely come with... — read more 

Company stock going to zero. More scam news on the way. Take over by the Feds & revenues plummeting.

That's the smell of reality.

Feel free to add anyone to the list. I'll start with an obvious one.. Carrie Tolstedt

It was reported this morning regarding inability to access account information. It is still down

Then chances are you're a useless sheep with no brain. WF promotes the wrong person 100% of the time. The WF way.

Layoff announced today in Charlotte NC. All of the WFA bankers and managers were given a 60 day notice. About 35 people. Not sure what they did other than submit home equity applications. Their jobs duties will now be handled at one location out west... — read more 

Who determines who gets laid off at Wells Fargo? Is it direct supervisors or is it somebody higher up who has no idea how good or productive an employee is and only looks at a bunch of numbers to make the decision? Judging by the people we've been... — read more 

When I worked at WF I knew of employees who colluded and embezzled using their Purchase Cards or Pcards to eat, vacation, and pay for personal expenses. The mindset I can see is that those employees think, well if the company steals from their... — read more 

The word is that rather than pay severance, they're making life miserable so people will quit, they sure are in my case. I over performed this year and my manager lied on my performance review and stole $25,000.00 worth of my incentive bonus from me... — read more 

With such a major announcement a while back re: staff reduction goal of up to 10% staff reduction (26,500 team members, through cuts and natural attrition), you'd think leadership would provide updates; right? I understand it's not good to refresh... — read more 

https://www.bloomberg.com/news/articles/2019-04-23/wells-fargo-s-interim-ceo-shouted-down-at-bank-s-annual-meeting , vowing to keep pressure on the bank even after the resignation of its chief executive officer. Investors, however, showed they’re... — read more 

Or are the stealthy (one here, two there) layoffs our new and lasting normal?

I know a lot of people from Wachovia that are great people. The bottom line is Norwest was a regional bank who acquired Wells Fargo, kept that name and then grew too big too fast. The acquisition of Wachovia made it burst at the seams. World Savings... — read more 

The bank has to pay the multi-billion dollar fines and legal bills regardless of who the CEO is. I wouldn’t count on layoffs being put on hold. A new CEO might want them done, especially at lower levels, before he or she comes on board so that... — read more 

They should be imprisoned.

https://www.marketwatch.com/story/why-companies-from-t-mobile-to-sofi-wants-to-get-into-banking-2019-04-19?mod=mw_theo_homepage

Wells Fargo knowingly helped Ponzi scheme, lawsuit claims Troubled banking giant Wells Fargo helped an investment company execute a $135 million Ponzi scheme, a new lawsuit seeking class action alleges. “The scheme depended on the knowing... — read more 

Layoffs could be on hold until a new CEO is appointed. This. I'm guessing we might be safe until the new CEO arrives and starts implementing his vision. Then all bets are off, because as we all know it, most of those visions include savings through... — read more 

https://nypost.com/2019/04/18/wells-fargo-accused-of-misleading-homeowners-in-mortgage-crisis-aftermath/ Wells Fargo is being accused of misleading homeowners who were seeking to lower their home payments in the aftermath of the mortgage crisis. A... — read more 

All the rumors are that tomorrow is the day sites like Frederick are announcing their closure. Yet, there is a brand new Frederick job posting today. Best of luck!

I hope they continue to terminate, lay-off, and sodomize all of the WF c---roaches that have scurried off into various corners of the bank.

https://www.reuters.com/article/us-wells-fargo-regulators-idUSKCN1RL2XK WASHINGTON/NEW YORK (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) has told Congress that “all options are on the table” for enforcing a 2018 consent order... — read more 

https://www.mercurynews.com/2019/04/15/wells-fargo-knowingly-helped-ponzi-scheme-lawsuit-claims/