Will there be any more layoffs today? I'm thinking Friday is usually not the day for layoffs, so they've hopefully notified everybody yesterday, but you can never be sure with Wells Fargo. Do we know if we can expect anything more today? Also, good... — read more
900 mortgage jobs cut
https://www.housingwire.com/articles/47418-wells-fargo-eliminating-900-mortgage-jobs
Prenotice
Does anyone know which teams got pre-notices on 11-15-18 and what prenotices entail? This week is the first I heard of a pre-notices. How much time does a prenotice give compared to the regular 60 day notice?
400 job cuts in Iowa for Consumer Lending and Payments
http://amp.kcci.com/article/wells-fargo-cutting-400-metro-positions/25134751
POSSIBLE INTERVIEW
Hello, I am a reporter at WHO-TV in Des Moines. I am wondering if anyone who received a pink slip today would be willing to do an interview? We want insight on how this is impacting company culture. I understand doing this could impact your severance... — read more
WF Groups notified about layoffs (Nov 2018)
Please add if I am missing anything... November 2018 Layoffs - Groups notified so far: Consumer Banking (Consumer Lending and Payments); Virtual Solutions Innovation Primarily in the insurance/investor claims and default accounts payable areas. — read more
Today’s layoffs
Which groups have been notified today?
When is it going to hit Moldofsky’s world?
We’re STILL expected to come in every day and act like all is normal. Re- branding WOO-HOO. New stagecoach- ooh and ahh! While the managers smirk and avoid eye contact. Pull the plug already!
Who else is nervous ahead of today?
I'm not sure if the rumored November 15 layoffs will turn out to be true or not, but I can't help myself but be really nervous about going into work today. Not that that's something new, with all the layoffs we've been having lately that's pretty... — read more
Wholesale layoffs tomorrow, 11/15/2018
Full steam ahead! Screw the holidays! We got word today that many WCOO TMs will be laid off tomorrow. Received official, mandatory mtg request today for mtg tomorrow morning. Thanks, Tim Scrooge :(
Layoffs in Des Moines
Lay-off announcement in Des Moines happens tomorrow
Understanding compensation article
Is insulting to our intelligence. Having been in management roles I can assure everyone here, branch managers are told how much everyone gets. We do not get to dictate that. It comes from the DM’s. We also are not allowed to let people over MRP. The... — read more
Last paragraph states terminations had to be placed on hold Oct. But started in Nov.
https://www.wsj.com/articles/departure-of-top-wells-fargo-executive-shows-chasm-with-regulator-1542191402
Wells Fargo knew for years that auto insurance was hurting customers, lawsuit says
New York (CNN Business)Wells Fargo executives were warned that the bank's auto insurance program was harming customers four years before it was shut down, according to a lawsuit. Wells Fargo admitted last year to charging hundreds of thousands of... — read more
Wells Fargo CEO admits in Town Hall that personal bankers aren't qualified to advise customers
In the November CEO Town Hall, CEO Tim Sloan admits that Wells Fargo personal bankers aren't qualified to advise customers on financial matters when these bankers can't even manage their own finances. Think about that the next time you go to Wells... — read more
Holiday Party?
Has your group scheduled any kind of holiday celebration? Even something as basic as a group lunch together? I haven't heard any mention of anything in my group. Sad.
Unpaid Lunches (March 2013 and August 2017)
The ruling applies to Wells Fargo mortgage consultants and bankers who worked at the bank in California between March 2013 and August 2017. About $100M allocated to be paid out to workers:... — read more
Are IT folks being let go?
They started Wednesday. One manager and 12 techs that I know of in my group were let go and that's only what I heard of, I'm sure there are lots more, and much more to come throughout IT. You will either get a meeting request that has your manager... — read more
IT Layoff in November has begun
5 people from my IT group got the memo today. :(
Tim Sloan Town Hall today was a joke
More distraction from dinosaur in the room. More ads (tone deaf), shiny new stagecoach logo (sigh), more hyper-focus on philanthropy (patting itself on the back). Shills asking questions (audience largely scowling). Need to spend time focusing on the... — read more
Sale of retirement unit
https://www.bloomberg.com/news/articles/2018-11-07/wells-fargo-is-said-to-explore-sale-of-retirement-plan-services
Wells Fargo says "sorry" after being caught ruining more lives
And the hits keep coming! (see article below; one of many on topic) Thanks, Wells Fargo. Great job. Might wanna' rethink those lipstick-on-a-pig, rebuilding ads. Wish all execs were jailed at this point. SMH... — read more
Why are posts being deleted?
I see that Wells Fargo must have their social media monitoring team scouring reviews here and flagging them to be deleted for damage to their reputation any longer. I suggest that viewers and posters here install a VNP solution if browsing from... — read more
Has Wells Fargo learned that it can’t push the employees too far?
Maybe there will be no more layoffs at Wells Fargo now since the company seems to be "bouncing back" like a new baby from it's prior operating procedures and policies. Wells Fargo Management has learned that it cannot push it's internal employees too... — read more
Did anyone participate in the Walkout?
Curious if anyone actually participated in the walkout? If so, what was the outcome? Wondering about the effectiveness of this even.
Pay Me My Overtime Even If you Lay Me Off
Wells Fargo has been stealing from its employees especially minimum wage ones by not paying overtime for a long time. The private bankers and tellers and branch staff were pushed to open fake accounts, by working overtime to do so, and they separate... — read more
WF leaves the workers twisting in the wind
The way this layoff announcement has been handled illustrates perfectly the WF attitude towards employees. Make a giant splash to make Wall Street feel comfortable, and leave the people they jokingly call team members twisting in the wind. Why do I... — read more
Employees feel lost and abandoned
Nada. Zilch. Nothing. That's the substantive info we've heard from management. Told us up to 26,500 will be cut within 3 years. Benefits gutted soon afterward. Then, deafening silence as we twist in the wind. Death by a thousand cuts. Lives in the... — read more
Is today the day layoffs start 10/31?
Is today the day layoffs start 10/31?
Walk Out Will Have No Impact on Things to Come
I am telling you all to not join the planned (hopefully now NOT planned) protesting Walk Out on November 1st because I do care about my fellow Wells Fargo team members. I know the outcome will not be good for anyone who participates in a company Walk... — read more
There ismuch more to lose than to gain with the walkout
None of the Wells Fargo employees will actually participate in the planned "silly" Walk Out instigated by someone. Because they really do want to still be Wells Fargo employees and not lose their jobs. There is always someone else out there in the... — read more
We need to take a stand now
We all want to work hard but we also want to be compensated fairly for the work we are doing. How can you be happy about your measly 1-2% pay raise when inflation is running 3-4%? You are losing ground if you are happy with that. did Sloan or the... — read more
Random Layoffs? NO!!!
There is absolutely nothing "Random" about who gets laid off. I have been Wells for a very long time (Norwest). As the Mortgage side gears up for more of a Centralized platform my guess would be MAP Centers will be the first to close.
Who was laid off in Rancho Cordova Wells Fargo
What groups were targeted and who got axed in Rancho Cordova. I am not asking for specific names of Wells Fargo employees, I respect their privacy, I am just curious about what groups got the axe and how wide spread the culling was this time (not the... — read more
Wells Fargo FREEFALL -- more top execs snared in corruption net
https://www.cnn.com/2018/10/24/business/wells-fargo-executives/index.html
Hope Hardison and David Julian sacked?
Breaking news that Chief Administrative Officer Hope Hardison and Chief Auditor David Julian are on "leaves of absence" and are immediately removed from the Operating Committee in relation to regulatory matters - with David being replaced and it... — read more
Walk Out 11/1?
Truth or fiction company walk-out 11/1.
November & December
Is it true that they don’t do layoffs in November and December?
The importance of taking and honestly answering the anonymous survey
I think if people don’t take the survey, it will lead to senior leaders thinking all is wonderful and cozy. I too am blatantly honest in the surveys too. Can’t fire me for honesty and honesty is part of having integrity. Please do take the survey... — read more
Senator Warren wants to hear from YOU!
Senator Warren is asking for anyone with information about the unethical and abusive customer practices to contact her office immediately. You can remain anonymous. Information should be mailed to the below address or you can also call. 317 Hart... — read more