WF has not substantively changed. WF has no humanity (other than false humanity for PR's sake). They have no real concern for the gravity of harm to customers and the industry beyond share price and bloated compensation. And no one has gone to jail... — read more
Tim sloan live and recorded interrogation in Congress
https://youtu.be/4qfjUIZyKAc
More layoffs today?
Anybody else worried they might sneak in some layoffs today, while nobody is paying attention to anything else but Sloan's testimony?
Frederick MD Site Closing?
Has anyone heard any more news if the Frederick MD site is going to close? Rumor is a announcement will be made in April, that the building will close in June?
Field rep status
We were strongly encouraged to change our status from field rep and become a flex employee instead. We were told by management that when they do decide to process layoffs they look at the field rep status first and thus if you are remote they... — read more
Tim Sloan to Testify Before Congress on Tuesday, March 12, 2019 at 10 am EST
Schedule you calendars to see it live streamed. https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=402383
WF Employees Forced to Sell and Work Faster to get Bank Money
https://www.nytimes.com/2019/03/09/business/wells-fargo-sales-culture.html 32 Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Its top executives say that... — read more
Dillon Sacked
Anybody know what happened? CTO Scott Dillon was well-liked among the troops.
Laid off in 2018, bonus eligible?
As a manager, I received a bonus every year going back to 2011. The way I read the FAQ for displaced team members, if you were eligible for an incentive plan, they will pay you out on the same day as everyone else. Which happens to be tomorrow. I’ve... — read more
Poll: Do you want Tim Sloan to be replaced as CEO?
Yes = Upvote by using arrow up (^) to vote YES. No = Downvote by using arrow down (v) to vote NO. Arrows are next to the title thread.
Who in BBG and CmBG got let go?
Heard layoffs where announced yesterday in BBG and CmBG. How many got cut?
WF to settle fraud account lawsuit paid for by their insurance policy - HUH!!
WF had their insurance company pay to settle their fraud account lawsuit through their corporate insurance policy how is it even possible when they've knowingly committed fraud?... — read more
Questions for people here
I have 2 questions: Do you currently work at Wells Fargo? Do you want the regulatory sanctions on Wells Fargo (asset cap etc.) be lifted sooner rather than later? Do you want Tim Sloan to be replaced as CEO? If yes, do you want him to be replaced... — read more
Mktg (Moldafsky) Town Hall in Charlotte today...
and NO ONE from other regions even got an invite to dial in and hear important info! WTF!!!!!!!! Lots of p-ss-d Mktg TMs today. Such cr*ppy leadership. We got it! You WANT us to quit! Sure, real "thoughtful and caring" approach to reorg, WF. Total... — read more
MSCI org update tomorrow?
Just got an invite for the all-team call for MSCI and the org update tomorrow morning. Anyone have insight about this call? The whole MSCI team got the invite
Unemployment college grant
Who is taking advantage of the college grants offered to those collecting unemployment after the layoff? I’m interested in how this program works.
annual reviews in March will generate yo layoffs
Every year in March when reviews are given is when HR offices explode with employees and managers complaining about their performance reviews and bonuses. With annual reviews of fail managers vidictively ise it to get back at their reports to push... — read more
Good advice (with some much needed positivity)
As someone that was recently let go by WF, I had many of the same concerns around pay, finding a comparable job. But the job market is excellent. One of the things I heard repeatedly from recruiters and hiring managers is the difficulty in finding... — read more
Anyone received this year’s bonus amount?
Has anyone received word on this year’s bonus amount. Curious if it’s flat with last year, more or less.
Yearly Performance Review
It's been 2 years since the new performance review of pass or fail has been implemented has anyone benefitred from it and what are the sizes of your bonuses if any?
This is what I'm so afraid off
I have a friend who was laid off from WF last summer and is upset they can't find a job that pays what WF paid. I told her it would be difficult to find a job that pays the same without a degree and that she may need to take what she can for now. If... — read more
Who is replacing laid off workers?
Considering the reputation Wells Fargo has built about how it treats its employees - and how easy it is for management to throw them under a bus when they need to save their own behinds - how is the bank able to get any new employees to join?... — read more
Be aggressive in finding the next opportunity
There is a poster here who claims inside information that the site is closing this year. However the lease is through 2022 with a very costly penalty to break it. There are rumors that they could consolidate into two of the three buildings and lease... — read more
Any word on the Frederick,MD site?
There’s been numerous talks about getting rid of the site but they seem to be holding on for some reason. Just kind of want it over with. Anyone with any real intel or news on this?
Any Intel on tomorrow 2/21?
Rumor mill back in November is tomorrow is D Day for another round of layoffs. Has anyone heard anything or noticed management acting differently?
WF Hires New Chief Internal Auditor to Weed out Corruption
Credit: https://www.businesswire.com/news/home/20190206005739/en/Julie-Scammahorn-Named-Wells-Fargo’s-Chief-Auditor SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo governance; and risk management practices as well as adherence to laws, regulations, and... — read more
WF Tim Sloan to Testify Again in Congress
Credit: https://mobile.reuters.com/article/amp/idUSKCN1Q423D (Reuters) - Wells Fargo & Co's Chief Executive Officer Tim Sloan is expected appear before the House Financial Services Committee alone in March this year, and then in April with several... — read more
CAM layoffs in Des Moines
Someone reading this predicted the November blood bath. For those who were put on "pre-notice", what is the prediction for the official notice? Also, any idea if it will be a working or non-working notice? Please be soon. I'd be good with today.
Re-hiring freeze 12 months
I was released during the November cuts. I posted for multiple jobs within EIT(STAR, FTE,ETC..) to anything suitable with little success. I confirmed with a recruiter today, that there is a 12 month cool down period for any previous team members... — read more
WF Class Action Lawsuit for Minimum Wage Theft of Loan Officers
Credit: https://www.housingwire.com/articles/48140-wells-fargo-faces-class-action-lawsuit-on-loan-officer-compensation-rules United States District Court Judge Beth Labson Freeman granted class action status to a lawsuit where a loan officer is... — read more
Tim Sloan’s Pay Raise
All the big banks are announcing their CEO pay raises and WF should be soon. What’s your guess in Tim’s pay raise this year? A) -15% B) 0% C) 2% D) 15% Vote by indicating which letter above and your reasoning.
Wells going down
Glad I escaped. Customers fleeing after outages twice in one week. Not good and not acceptable. Technology was looking ok from the front end but POS patchwork quilt tech behind the scenes is visible to customers now Get what you pay for Wells! LOL!!!
The true purpose of HR
The purpose of HR in any company is to protect the company and its interests. Management within a company are the proxies for a company, therefore HR protects manager misconduct to protect the company. This was taken from another thread where it was... — read more
Never go to HR or call the ethics or whistle blower hotlinr
I used to work at at WF and took the bank global. This guy was harassing me and others both s-xual and otherwise, in fact, s-xual harassment and embezzlement was rampant. I reported it to HR and they tried to rape me. I quit and they business went... — read more
Layoffs in Frederick
Just wondering if anyone has heard anything more about layoffs in Frederick. It’s been rumored for years because it’s the top paid site, so just wanted to know if anyone has heard anything more about this.
This years pay increases
Just curious, what’s the percentage of your yearly increase? It’s been 1-2% for many too long which isn’t even keeping up with COLA.
Poll: Would you leave WF tomorrow (if you could)
Upvote this post if you would leave Wells Fargo tomorrow (if you could, if you had options, etc.) Downvote this post if you feel that you should stick around and help Wells Fargo fight for it's recovery Do nothing if you feel like doing nothing, no... — read more
MMB layoffs
Anyone know if MMB layoffs will be announced before or after bonus payments are made?
Layoffs in Corporate Risk?
Since the consolidation of security planning and risk management at WF in 2007, in which all divisional security risk groups report under the corporate risk group has there been any layoffs recently?
WFEF-some people leaving as of late
Key people up top have left. A few jobs have been cut. Anyone else notice?