Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

How do I get unstuck?

I currently work for wells in Boston in compliance and am ready for a new role. All of the risk and compliance wells job postings do not list the Boston location. How can I get another risk or compliance job with Wells if the job posting does not... — read more 

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| 1070 views | | 4 replies (last January 28, 2020)
Post ID: @OP+13cM2clm

OCC civil fines

Apparently Carrie Tolstedt, Jim Stothers former Chief Legal Officer, and Claudia Russ Anderson refused to settle with the OCC. How sad all around.

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| 1110 views | | 5 replies (last January 26, 2020)
Post ID: @OP+13bDxBco

The brand is officially dead now and a liability...

With the hammer finally coming down on countless former executives - add to it scandal after scandal, with no sign of a turnaround, it is over. Wells Fargo died years ago when Norwest bought them and decided to use the brand name. Wells Fargo is... — read more 

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| 1070 views | | 4 replies (last January 29, 2020)
Post ID: @OP+13aMsbYb

Info on changes at branches

They have notified our region that all branches will be dropping to almost half their current staff. My branch in particular has 6 PB’s that includes a licensed. One premier and a branch manager. They will be dropping it to three PB’s and one manger... — read more 

wow

WASHINGTON (Reuters) - Wells Fargo & Co's ( WFC ) Loading... Loading... S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined... — read more 

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| 1600 views | | 4 replies (last January 27, 2020)
Post ID: @OP+13ajQ5nY

WFH and remote under Saul

My manager today accidentally leaked a document that discussed location strategy in detail. #This is for employees under Saul only. I cannot speak for the rest of the company. If you are a full time telecommuter, and do not have an office... — read more 

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| 8000 views | | 43 replies (last March 11, 2020)
Post ID: @OP+13aGUQjO

Location Strategy Update

As others here have done, here is some news regarding the Location Strategy. This is presented in the spirit of assisting our Leadership in their oft-stated goal of "being transparent". Physical areas where Wells Fargo has a major presence have... — read more 

Some progress, at last!

I like the recent online Wells Fargo Marketing ads for the new Propel credit card and the one with the very cute Pomeranian for new home financing. That is a step in the right direction for Marketing.

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| 860 views | | 9 replies (last January 21, 2020)
Post ID: @OP+136nhTez

Why do people get let go during layoffs

People have odd ideas about why people get let go during layoffs. Sometimes a company will cut an entire team, then hire half or more back as contractors, then re-hire them as FTEs a year or so later, because it helps with the bottom line and taxes... — read more 

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| 1210 views | | 6 replies (last January 23, 2020)
Post ID: @OP+136c2KSv

So much harshness here

I expect there is a good chance that my telecommuting job will go away, but at least I will not be surprised by it. I might have a choice to relocate - I am very curious to hear the terms of any package. But I've been through this before at other... — read more 

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| 900 views | | 2 replies (last February 1, 2020)
Post ID: @OP+136wvAJH

Location Strategy

Here we go again. Saul is talking about locating strategy and how the poor souls that is in a location that has 10 or less staff members will be served with a notice. I am sure whoever gets served will have to move to a new place that is... — read more 

Layoffs in Compliance already?

Are there layoffs already in the works in Compliance? I am being told to give my team’s work to others groups, and told to wrap up projects my team is working on over the next few weeks. My team has gone from being busy to twiddling their thumbs...so... — read more 

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| 2260 views | | 6 replies (last January 23, 2020)
Post ID: @OP+133AFxhr

Banking aint cool anymore!

WF is getting adverse selection by having high level positions in SF/Bay Area. Banking just isn't s-xy in Bay Area and we get a bad pull from the distribution. There are a lot of really weak and deadwood types in WF and they need to go. Moving them... — read more 

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| 1030 views | | 6 replies (last January 18, 2020)
Post ID: @OP+133glED0

Jordan Creek in Iowa

Jordan Creek in Iowa has numerous empty seats all over. A lot of work from people laid off has been absorbed by teams there. Closing down other areas and bringing it there won’t surprise me.

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| 763 views | | 1 reply (January 17, 2020)
Post ID: @OP+1337o1Eb

PVSI mentioned on earnings conference call

Transcript of CEO speaking on earnings call mentions Avid retirement and that they are introducing a new org. structure. Betting PVSI gets disbanded, could be very very interesting, people should brace themselves no doubt.

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| 1240 views | | 3 replies (last January 16, 2020)
Post ID: @OP+131iuwfr

$1,500,000,000...

In Q4 legal expenses!? Are these customers or employees? Save some for me when I sue!

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| 1420 views | | 5 replies (last January 16, 2020)
Post ID: @OP+131W3YVE

Q4 Earnings

Q4 earnings stunk! Any guesses on whether or not we'll get bonuses in March?

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| 1850 views | | 6 replies (last January 19, 2020)
Post ID: @OP+130kCwEb

Wells Fargo doesn't have to pay severance

WF doesn't have to pay severance (can rewrite their existing tenet in a heartbeat). Companies are not required to provide severance. At the very least, WF may knock severance down to one week (vs. two) per year of service, with a cap (cap exists now... — read more 

‘We Need to Be a Technology Company.’ Wells Fargo Struggles With Aging Systems. The bank has struggled to update old systems, making it harder

At 5 a.m. one day last February, construction work tripped a sophisticated fire-extinguisher system in a Minnesota data center used by Wells Fargo & Co., knocking out power to servers housed in the building. Customers soon noticed: the bank’s... — read more 

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| 2250 views | | 8 replies (last January 16, 2020)
Post ID: @OP+12Xo9z07

How things have changed

A dozen or so years ago when I started at Wells friends and family said "oh, nice, that's a very well run company". Some of the folks in my family and friends circle are C level exec's. After a few years I noticed that upper management didn't... — read more 

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| 1121 views | | 1 reply (January 10, 2020)
Post ID: @OP+12WwV2VC

Location strategy is back

So apparently location strategy is back in the mix according to the email I got today from miss Goodrich .... does Wells Fargo even care about their employees ?? And who holds Executives accountable for their actions? That’s how we got in this mess... — read more 

Chainsaw Charlie

Wells Fargo CEO, Chainsaw Charlie, has grand plans for the company. How do you feel about it?

Unqualified applicants being hired

Hi all! I’d like to chat for a bit on how certain Wells Fargo managers hire people that are unqualified for jobs simply because they have a personal recommendation or a personal relationship with them, rather than hiring actually qualified people for... — read more 

Top executives getting a taste of their own medicine

Wells Fargo's Scharf sows unease while considering change Change is afoot inside Wells Fargo. Since Charlie Scharf arrived as the bank’s new chief executive officer in October, he’s held a marathon of meetings with executives, grilling them... — read more 

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| 2250 views | | 7 replies (last January 2, 2020)
Post ID: @OP+12LybhXI

From an iconic institution to a leper

Wells Fargo was at a time an icon in the banking world an honest and folksy San Francisco based bank that made it big on Wall Street. It was at a time the most valuable bank in the US by stock evaluation. But it all came tumbling down when it was... — read more 

Thoughts on Moldavsky Mktg All Team Call?

More layoffs (as recent as this week). Using Chase model (brought in from new leadership) to improve Wells Fargo. West coast staff will need to start following east coast hours. Any thoughts or other things that stood out to those in... — read more 

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