Scharf accepted the job after turning it down initially – not enough $$ and wouldn't move to SF. WF got desperate. Came knockin' again – offered him 40% more than his last salary and increased to comp package to $23 million (much more than Stump... — read more 

This clown is going to finish what the OCC, Elizabeth Warren, et al. couldn’t through supreme narcissism and incompetence. Karma’s a bitc#!!!! WF and this DB deserve one another. I hope the rest of the c—roaches that survived the initial nuclear... — read more 

I am so so truly sorry for all of you at WF. C. Scharf is a fake, self centered, nasty opportunistic individual with no emotional intelligence and no capacity to respect individuals. He is so fake that he looks young in pics but that is also fake... — read more 

I see people from Bank New York Mellon coming here to warn us about our new overlord and his layoff-heavy ways as if that would be something new for us. The sad fact is that for us, this will be just more of the same. And we are used to the same... — read more 

The new CEO Charlie Scharf has a 'blank slate" at Wells Fargo. A time to start a new. Forget the past and move forward to the future. Charlie will surely be understanding that the remaining internal Wells Fargo employees that run the company do... — read more 

He's so committed to Wells Fargo that he will essentially manage it from his neighborhood in New York City. This guy has a history of not finishing what he started at companies. He's a 50/50 chance of helping the company kind of hire. He works hard... — read more 

https://www.wsj.com/articles/wells-fargo-names-charles-scharf-president-ceo-11569583001 Wells Fargo WFC +3.76% & Co. named Bank of New York Mellon Corp. Chief Executive Charles Scharf as its new CEO, ending a six-month search for a... — read more 

What’s the sentiment around the office. People realize this guy is bad news or is it sunshine and rainbows?

Charlie loves construction projects. He likes Lobsters, Caviar, and Steak for lunch everyday in his executive 5 star dining room in office. If WFC does not have that he will build it. He also is on board of Microsoft so its his job to sell their... — read more 

I want to say it again TAG YOU ARE IT It just feels so good to say. BNYM pre-Charlie employees can't stop dancing with joy today. And the new ones high paying JPM, GS, Visa and other no good c-ap employees Charlie brought in must be bitting the... — read more 

Open Office. It’s 100% coming. Likely will start discussing after he has been there for 6 months and then rollout as construction allows. New CEO loves to sit in skinny jeans in an open office. All employees will do it soon. Don’t like it? ... — read more 

Charlie cited geography as a prime reason for leaving Visa and joining BNY Mellon. He didn't feel a person could lead a company going back and forth across the country. He felt it was best to have people in the same physical space so that they could... — read more 

I worked for Charlie. I was insulted, demoralized, and saw what horrible leadership can do to a company. I will be moving my personal finances out of Wells Fargo. Charlie Scharf is scheming, manipulative and heartless. I will, seriously, pray... — read more 

As a long-time BNY employee... 1) he will assess for 3-6 months and make big growth promises 2) then he will deploy the Visa playbook 3) anyone WFH will be fired 4) managers must have 9 people report to them or they are demoted or fired 5) up... — read more 

Wells Fargo Advisors is working hard to bring in fresh blood as its grapples with the industrywide problem of a graying workforce and seeks to put a series of scandals at its parent bank behind it. To that end, the brokerage is attempting to give... — read more 

Several layoffs occurred last week in Marketing. Impacted team members were told that the information is considered confidential while structured interviews take place to finalize the RIF initiatives. Communications to broader teams are expected by... — read more 

Hearing rumors that the lease on an office building in Concord is expiring which could lead to displacements as soon as mid-October. Has anyone heard anything about this?

Just listened in on an interesting meeting, and the topic of Location Strategy came up. Turns out it's on hold for the moment. Here are some notes: The "decisioning data" was bad and senior mgmt says "we've had to take a step back". That data... — read more 

It will be a few more years?

Wells Fargo Management is NOT displacing employees with severance packages to reach 5-10% attrition. The company found a legal loop hole that sends employees out the door with zero. Management places an employee on probation with a plan for... — read more 

They have decided to put the Location Strategy on pause until next year. Why all the grief only to delay?

Why am I not surprised she is being investigated.

https://www.wsj.com/articles/no-one-wants-to-hire-the-fired-wells-fargo-branch-staffers-11568453400 No One Wants to Hire the Fired Wells Fargo Branch Staffers Regulators, lawmakers and the Wells Fargo board have questioned whether... — read more 

They are merging PCG and WBS and hundreds of Compliance and Operations team members will be laid off. They are in phase 3 of 4 and all layoffs will be completed by December. How cruel to do this right before the holidays!

I’ve been approached about a job at Wells Fargo. How do the levels work? Is Orc 5 better or worse than an Orc 6? What’s the best level? Do you feel Wells is a good place to work?

Technology is getting rid of testing managers/quality managers. Wonder how the OCC will react to that one? At least in technology there is no quality manager title nor is there a official testing manager role. We are all classified as tech... — read more 

I think that Wells Fargo needs to reinvent it's Marketing campaigns and it's internal Marketing department. Marketing drives the effort to retain customers and acquire new customers. It is actually a very important part of a well run business. TV... — read more 

It seems that for mid-level positions (not junior roles nor senior management) it's nearly impossible to get hired in San Francisco. Sure, there are some postings out there that list SF (among other locations that nearly always includes Charlotte)... — read more 

It just never ends...... https://www.indiewire.com/2019/08/the-tale-producers-federal-money-laundering-scam-jason-van-eman-weathervane-ben-mcconley-1202167278/

Wells Fargo illegally fired me, then illegally repo’d my car due to illegal placement of CPI, and I had to come up with $2k in two days to get my car back before it went to auction. THEN, they illegally foreclosed on my home. Shortly after all of the... — read more 

Layoffs will happen among telecommuters working in offices

So many are burnt out to the point they are leaving even for lower-paid jobs. I even know a guy who quit on the spot without having anything lined up, he was just so tired of everything that he couldn't take another hour, not to mention a day of this... — read more 

I am a remote tech worker with Wells Consimer banking. My job is not difficult (mostly support) and have been a remote worker since 2010. Can i do another emote job on the side ? No one seems to care here what I do or where I am. They just check if I... — read more 

I'm thinking my days here are numbered for sure, there are some signification indications about it and I would like not to go into details about it... Anyhow I already have a #gold #replacement job lined up. I just don't want to leave before I... — read more 

What we learned in this meeting: Telecommuters that work in Saul's world in sites that have less than 10 Team Members will be required to come to the hub location closest to their current remote location. Telecommuters that work in locations... — read more 

Does anyone have an idea what sites within Wells Fargo has 10 or less people?