Is this when they will announce the next round of layoffs? There is going to be a major RIF in February. Wonder if they will announce it then
Wells Fargo, STOP softballing change efforts, PLEASE!
CLEAN HOUSE FOR REAL. Actions speak louder than words or new ad campaign after new ad campaign. Seriously. Enough. STOP throwing good money after bad money. BE THE CHANGE you CLAIM you want to see in the company. Otherwise, NO ONE will EVER believe... — read more
Former Wells Fargo CEO John Stumpf pays $3.775M cash for Paradise Valley home
So many WF team members struggling in layoffs and he pays in cash for his home with I'll gotten gains. Any thoughts? https://amp.azcentral.com/amp/1339311002
New Day, New Marketing Campaign
I guess we need to reallllllly convince customers to trust us. Sure how this marketing campaign is better than the last one! https://www.marketwatch.com/story/wells-fargo-to-launch-new-marketing-campaign-to-rebuild-customer-trust-2019-01-24
Has any one heard the oto policy is changing
Just heard PTO policy maybe changing where you can't use PTO till it's earned. Any one heard this
Being able to work from home is a major factor for many
Being able to work from home is a major factor for many. Very few companies allow it. WF never really did until they realized it was one of the only draws for employees and candidates after the scandals. When you switch jobs, you often get a higher... — read more
Same areas to be hit
On Tuesday, the San Francisco-based bank said it has cut jobs in its branches, call centers, mortgage operations and other areas where it expects additional reductions this year. For those who can't open the article, those are the positions Wells... — read more
Wells Fargo discloses which types of jobs it’s going to cut next
https://www.charlotteobserver.com/news/business/banking/article224582895.html
MMB, BBG & GIB division manager changes
Heard rumors some of the division manager changes were announced late last week. I’m in BBG and was told by my manager that they were not selected. Does anyone have more details on who the selected managers are and who may be out if a job? It’s just... — read more
CNN Business article
Wells Fargo has splurged on stock buybacks since fake-accounts scandal 1:05 PM EST January 14, 2019 New York Wells Fargo's deposits and loans are under pressure from two years of scandal. It's cutting up to 26,500 jobs and shutting hundreds of... — read more
College Meltdown shows few signs of slowing in 2019
"Student loan debt continues to rise. In 2018, there was a significant number of news articles disclosing the negative effects of student loan debt on the lives of Millenials and their families. I have posted several links at College Meltdown."... — read more
Tomorrow’s layoffs
Any idea of which groups will be effected?
Wholesale Bank Desimated
Staring late last year, Wholesale Banking will be laying off tons of people. Layoff waves started last October with the bulk of the layoffs coming in Jan-Jun 2019. Customer and non-customer facing positions will be eliminated as management guts... — read more
Article at Bankrate “With the latest Wells Fargo settlement, wronged customers without refunds could get their cut”
Wells Fargo customers seeking restitution If you’re a Wells Fargo customer and you’re planning to see if you qualify for compensation, it’s best to be prepared. Bring any records that would help you make your case. Take note of anything that’s... — read more
WF employees say nothing's changed and low wage employees are still under pressure to sell
History will repeat itself again. https://amp.theguardian.com/business/2019/jan/04/wells-fargo-fake-accounts-scandal-employees
layoffs back in high gear
Now the holidays are over the layoffs begin the first week employees return to work.
I can't believe anyone is defending WF at this point
WF didn't "drop" its insurance license. It was TAKEN AWAY from WF due to WF's fraud, as part od the settlement. And if WF ever wants to get back into insurance business again, it has to wait years and then pay millions just to get back in. To poster... — read more
WF drops insurance license after signing up fraudulent life insurance policies without permission
https://www.pressdemocrat.com/business/9127406-181/wells-fargo-pays-5-million?view=AMP
Frederick mortgage site
Rumor has it that the Frederick site will he closing, and it will be announced next month. Does anyone think there’s any truth behind this?
This means more layoffs
Guess who will pay for the $575? Wells Fargo & Company WFC has finally settled numerous investigations and legal cases it had been involved in since the fake account scandal came into light. The bank will be paying about $575 million in order to... — read more
Wells Fargo settles with the states
https://www.kcci.com/article/iowa-part-of-dollar575m-wells-fargo-settlement/25701541
TS survives 2018. How is 2019 going to turn out for him?
It’s been more than a turbulent year, and honestly, I’m surprised that TS got it to the end of the year in the CEO chair. All facts point to 2019 being even more turbulent and I was hoping to get some opinions on how long do you think this will go... — read more
NEw Year’s Resolution?
Mine is simple. A new job that isn’t WF.
I KNOW WHY WF EXECS GOT THE COMPANY INTO THIS MESS
Poor reading comprehension and problem solving abilities, and an almost blissful disregard for accountability and what's right and wrong.
WF off shoring massive jobs while laying off
https://www.yahoo.com/amphtml/finance/news/wells-fargo-moves-jobs-abroad-u-layoffs-government-220254120--finance.html (Reuters) - Wells Fargo & Co. has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of... — read more
Global division
Glad I don’t work in that department. That’s all I ca.n say
Layoff Thursday
Has anyone heard of any layoffs today? I won’t put it past WF to do it in December.
Wells Fargo caught lying Again
Wells Fargo sends jobs overseas after layoffs in America | Charlotte Observer https://amp.charlotteobserver.com/news/business/banking/article222369295.html#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
Execs and shareholders get richer while handing out pink slips
http://rooseveltinstitute.org/what-wells-fargos-40-6-billion-stock-buybacks-could-have-meant-its-employees-and-customers/
Are the executives getting a lot of Christmas presents this year?
Their dinner tables laid out with prime rib, steaks, turkey, vegetables, grains, seafood, game meats, alcohol, and desserts. Then opening presents. Before the FBI kicks in their doors.
WF settles cross selling account fraud lawsuit for $480 million
Why so low? They got off easy. https://www.bizjournals.com/charlotte/news/2018/12/19/court-approves-480m-settlement-in-wells-fargo.amp.html
New Health Insurance for 2019 - good, or no?
What is your opinion on the new Health Insurance plans for 2019? Better, worse, same?
Frederick Servicing Site
Has anyone else heard of WF’s plans to remove servicing from the Frederick site by third quarter? I have heard it several times very recently. That layoffs will start after the first of the year once they have adjusted severance packages again. Each... — read more
Any more branches expected to close?
There were quite a few branch-closing announcements made by Wells Fargo in the past several months, and most of them came as a shock to employees at those branches, from what I understand. Do we know if there are any more such announcements planned?... — read more
Severance package
Team members who were laid off: Did you guys get your severance package?
With our current leadership direction, in 20 years WF will be gone.
1) Customers will continue to take their business needs elsewhere. Just like we are seeing in new money loans. Clients (consumer and business) do not trust us and our rates are not competitive. Leadership knows the impact of this will not only be... — read more