The Wells Fargo Technology department just acquired a tremendous number of expert programmers from our department. A qualification to be accepted into the Wells Fargo Technology department was great expertise at programming. This was a realignment... — read more
Please Contact
if any current or former Wells Fargo employee has experienced work related problems related to their status as a Reserve/Guard member please contact Rachel.Ensign@wsj.com
Location Strategy rearing its ugly head
Has anyone heard anymore? With year end coming I have a sick feeling announcements will start coming again.
Financial Advisors are already talking about leaving
Financial Advisors are already feeling the difference in service and are talking about leaving the firm and going to a competitor. And why not? What kept them at Wells was the reputation (that went bye bye a long time ago) and the service they... — read more
Why I quit my job at Wells Fargo and filed with the EEOC
My boss yelled at me and retaliated when I filed a HR complaint about gender discrimination and age discrimination, among other things. Worst job experience ever. HR did nothing to stop the abusive behavior or discrimination from my boss. Took... — read more
Wells Fargo Layoffs in AZ
Let's consolidate all updates in this Arizona Layoffs thread. Post and share if you have something to contribute.
refunds for stolen monies
https://www.americanbanker.com/news/wells-fargo-to-refund-checking-fees-after-lawmaker-flags-issue Wells Fargo will refund some checking account customers beginning next year after reviewing past disclosures that stirred confusion over which... — read more
Whiling you’re sitting Around whining the robots are winning.
Thank you Silicon Valley!! https://www.bloomberg.com/news/articles/2019-12-06/robots-in-finance-could-wipe-out-some-of-its-highest-paying-jobs?srnd=premium
Not anonymous
https://www.google.com/amp/s/www.sfchronicle.com/opinion/openforum/amp/Union-workforce-would-help-Wells-Fargo-mend-image-14557787.php
Charlie thinking about conducting audit/background check on internal staff
Just an FYI, Charlie is thinking about running background checks on internal staff sometime in 2020. The goal is to try to reduce liability and discrepancy between an employee’s company profile, and actual qualifications/educational background. So... — read more
Banking regulator rebuked Wells Fargo's HR department: WSJ
CALL THESE REPORTERS AND TELL YOUR HORROR STORIES ABOUT WELLS FARGO's HUMAN RESOURCES. (Reuters) - A top U.S. banking regulator has rebuked Wells Fargo & Co’s (WFC.N) human resources department for what it called the bank’s backlog of employee... — read more
Risk Mapping Roles in Risk Group, bonus's slashed
Everyone in Risk is going through a remapping of roles, ORC4's are now Associates, ORC 5's are now Risk Officers, bonuses cut 10% for ORC roles, some are seeing a small increase in annual salary but ALL are seeing a cutting of bonus. My number came... — read more
Wells new Chief Operating Officer comes from Santander, biggest thieves in UK financing and US repos
Just announced, Santander, tied up in millions of dollars in pay offs for repo'ing cars from Americans and famous for fraud in their UK banks was just announced as the best we could get... — read more
Rolling out HSA funds from Optum Bank - anyone successful?
I left Wells Fargo earlier this year and have been trying to roll my HSA funds to another financial institution. When I called Optum Bank back in July (using the special number for accounts sold by Wells Fargo), they said to just go to the new... — read more
This is becoming too much...
It's more bad news after more bad news after more bad news... And every one of the new incidents is paid for by reductions in employees... The stress seems to be never-ending... I wonder if there will ever come a time when I'm once again able to go... — read more
Former bny employee here
Lemme guess you'll get curved wide screens and elevator desks.. Maybe even a starbucks in your cafeteria.. And oh yeah casual dress code with your perpetual layoffs
so happy and thankful WF is in trouble
Employees will move on but what's happened to the company is more delicious than turkey.
Exercise of total incompetence
This reorganization is nothing more than an exercise of total incompetence. They have displaced true leaders who were the backbone for support of the financial advisors. They were replaced by inexperienced team members who in some cases, never... — read more
More Marketing layoffs and reorgs last few days
Looks like sr. mgt.is anticipating Scharf's axe and deciding to make staff changes before he does. Many layoffs the past few days (which will definitely continue throughout 2020). Right before the holidays. Typical Wells Fargo. If they think... — read more
WORST COMPANY EVER!!!!
Working for Wells Fargo at the phone bank at the Shoreview, MN location has been by far the worst employment experience of my entire life. It was so bad I felt I needed to do the right thing and go online to blog about everything that happened while... — read more
WF caught stealing again from customers
https://www.foxbusiness.com/money/wells-fargo-refund-customers-account-service-fees.amp Wells Fargo & Company expects to refund some customers for monthly account service fees due to “confusion” over how to qualify to have the fees waived, the... — read more
2020 is going to be wild ride with layoffs and reoehs
Working at Wells Fargo is like riding a bucking bronco. Props to those who haven't been thrown off yet!
A Spreadsheet Driven Company
Wells Fargo is still a spreadsheet driven company and it's like living in 1997. Without giving myself away, they've been trying to automate my team out of existence for about ten years now, but what ends up happening is some half-@ss system is... — read more
Avid out, Ray Fischer in, Craig Coffey Out, Moldafsky coming up soon?
Charlie is crackin' some long overdue eggs! Please let Moldafsky be right behind the lead pins. Charlie is bowling through execs and span of control target is coming to fruition.
Avid out in March 2020, Ray Fischer in
Looks like Ray used to work at JP Morgan Chase - like Charlie. Avid retiring in March 2020 - same month Alan Parker is leaving the company to explore other business opportunities.
Wells Fargo Layoffs 2020
Do you think there will be Wells Fargo Layoffs 2020? Any news or rumors?
What was Mktg Summit all about on 11/15?
Was it meant to tell us to be grateful and not go postal when tons of layoffs happen soon? (Moldafsky kept referring to big changes coming. Like we don't already know that now that Scharf has arrived.) It was an oddly tied together collection of... — read more
Allen Parker is out
Allen Parker is out!
Vendors squeezed in Wells Fargo cost cutting push
https://finance.yahoo.com/amphtml/news/vendors-squeezed-wells-fargo-cost-214652125.html Nov 12 (Reuters) - At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors... — read more
WF to pay $200 million to USAA for stealing patents. Other banks have to pay too.
https://www.businessinsider.com/wells-fargo-willfully-infringed-on-two-usaa-patents-business-insider-2019-11 A US District Court jury in Texas has found that Wells Fargo willfully infringed on two USAA patents for the "auto capture" process that... — read more
Charlie
He’s loyal to one thing: his personal bank account. To the degree that his interests align with those of Wells, he will be a good thing for the firm. But that’s not how his compensation package is structured. He is in it for the short-term only. His... — read more
Will Concord, CA (Swift offices) be a hub?
So much talk about hub strategy. Wondering is only SF will be a hub in CA. (There's Oakland, Concord, offices in SoCal, etc.) Please only weigh in on CA if you know.
Bill Daley as VC of Public Affairs
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-11-07/wells-fargo-ceo-scharf-to-tap-daley-to-help-repair-bank-s-image Looks like they go way back.
Tech Town Hall
Lets c what bs we get today
So great to see this board calm down...
Obviously the rumors so far have proven to be false. The silence of late is assurance that the rumors were not true and that WF is on the right path with a new leader. Glad everything is going well! :)
People wake up!!!
People wake up!!!Notice all the gripes on all the bank boards??? It’s indicative of a involving industry which is doing its best to rid itself of the human element. So you have a choice you can either die a slow death or evolve yourselves and start... — read more
Head of Card suddenly resigned
Just heard that Bev Anderson resigned. My guess is she knew Charlie when he was at Visa. One down, 56 to go.
Agricultural Bankers Layoffs
There you go, info on Agricultural Bankers Layoffs Wells Fargo has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the... — read more
Wells Fargo Stock in 2020
Hey, a question - What are your thoughts on WF Stock performance in 2020... Just curious what people think.
Is this Scharf’s first k--l?
https://www.google.com/amp/s/www.cnbc.com/amp/2019/10/25/wells-fargo-lays-off-more-than-200-business-bankers-in-us.html