Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Thanks to many in Congress for nailing it!

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 

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| 1280 views | | 9 replies (last March 13, 2019)
Post ID: @OP+Y26vxXF

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?

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| 814 views | | 1 reply (March 12, 2019)
Post ID: @OP+Y2tnrRG

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?

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| 2970 views | | 6 replies (last March 15, 2019)
Post ID: @OP+Y2Jed6v

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 

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 

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.

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| 870 views | | 3 replies (last March 1, 2019)
Post ID: @OP+XQ38jge

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 

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| 1220 views | | 6 replies (last March 1, 2019)
Post ID: @OP+XQHY2iD

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 

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| 1020 views | | 3 replies (last February 28, 2019)
Post ID: @OP+XPF715y

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 

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| 1620 views | | 12 replies (last February 28, 2019)
Post ID: @OP+XKLjMqY

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 

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| 1270 views | | 3 replies (last February 27, 2019)
Post ID: @OP+XKGO2Aa

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 

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| 890 views | | 5 replies (last February 22, 2019)
Post ID: @OP+XJsNVZx

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?

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| 1143 views | | 3 replies (last February 22, 2019)
Post ID: @OP+XJSfSKh

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?

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| 2430 views | | 20 replies (last February 27, 2019)
Post ID: @OP+XIckJHZ

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 

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| 1270 views | | 6 replies (last February 21, 2019)
Post ID: @OP+XERVe5U

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.

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| 1150 views | | 6 replies (last February 20, 2019)
Post ID: @OP+XCM6zmY

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 

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| 7620 views | | 14 replies (last January 5, 2020)
Post ID: @OP+Xz05d5C

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.

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| 890 views | | 6 replies (last February 13, 2019)
Post ID: @OP+XzxstRE

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!!!

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| 1920 views | | 18 replies (last February 10, 2019)
Post ID: @OP+XvtiuqV

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 

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| 900 views | | 4 replies (last February 8, 2019)
Post ID: @OP+XurIlUE

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.

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| 1360 views | | 5 replies (last February 13, 2019)
Post ID: @OP+Xt9xZ9E

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.

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| 1180 views | | 7 replies (last February 7, 2019)
Post ID: @OP+XscQDfL

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 

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| 1050 views | | 8 replies (last February 6, 2019)
Post ID: @OP+XsJVoD3

MMB layoffs

Anyone know if MMB layoffs will be announced before or after bonus payments are made?

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| 930 views | | 4 replies (last February 4, 2019)
Post ID: @OP+XriPa09

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?

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| 1040 views | | 6 replies (last February 6, 2019)
Post ID: @OP+Xr2RZzo

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