Has anyone taken the new anonymous survey they want us to take yet. I did it. Let's just say I was brutally honest. It asked what we think about our benefits (took it before the new packages came out which blow) and what we think about upper... — read more 

https://www.marketwatch.com/story/warren-says-fed-should-keep-wells-fargo-restrictions-in-place-until-ceo-sloan-is-ousted-2018-10-18

WF is cutting everything the bone. Updated benefits package released this week is brutal. Switched to worst provider in our region (few good drs. work with this provider), eliminated employer HRA contribution, significantly increased... — read more 

Wells Fargo has the largest exposure to the US housing market of any big bank, and as the housing market has now rolled over, expect more layoffs, but don't think the layoffs will remain isolated to mortgage lending only. Everyone forget 2008... — read more 

Anyone that doesn’t have a customer facing position may be asked to relocate to one of the strategic cities or risk being let go. Strategic cities are MInneapolis, st Louis, Portland, Salt Lake, San Antonio, Raleigh, Des Moines, Charlotte, Phoenix... — read more 

The new benefit packages are awful. Another way they’re pushing us out. Many are just working for the benefits but that’ll change after open enrollment.

If youve been displaced, any views on Lee Hecht Harrison or Right Management for outplacement services? What has worked or been an issue?

http://emirates-business.ae/tim-sloan-is-not-turning-around-wells-fargo-at-all/

Source: https://www.zacks.com/stock/news/326606/jpmorgan-to-trim-mortgage-banking-division-slash-400-jobs Similar Layoffs by Other Banks JPMorgan is not the only one facing the problem. Earlier in August, Wells Fargo (WFC - Free Report) announced its... — read more 

Is anyone wondering when there will be a proper shake-the apple tree exercise to clean out the upper echelon of management (MDs) within the Securities business? There are lots of emails about leading but a clear lack of leadership and direction... — read more 

Repost: Found your comments on Wells Fargo offshoring interesting. The Committee for Better Banks has been encouraging American banks to be more forthright about their actions - sales practices, jobs, investment etc. We encourage you to send any... — read more 

It must depend on what department you’re in. When marketing did layoffs in 2016 people asked for packages and were turned down flat. Somebody asked Moldofsky on an all team call if they could request a layoff and she laughed at them and said no.

Any layoffs happened in Technology groups yet? SFO/Bay area specifically?

I feel sorry for all of you back office jobs waiting any day to get your notice. The root off all of these issues began in the branches, but as the face of WF, I believe we will be the last to receive a notice. Even though they’re closing or selling... — read more 

WIM is starting layoffs this week. Small markets and slow growth markets will be eliminated. Clients will be moved moved to larger markets.

Has anyone ever heard of layoffs occurring on Tuesdays or are we safe until Wed/Thur?

Excellent article http://customerthink.com/trust-i-dont-think-wells-fargo-gets-it-yet/

Rumor has it that a very large portion of the layoffs will occur this week, ending 10/5. Hold on tight.

Left Wells last month from NY offices. Morale was low all around...I was lucky enough to leave and not sit around waiting for the hammer to drop. I lasted 6 years there and expected to stay possibly my whole career (that’s how much I liked being... — read more 

This company is scandalous, corrupt and unethical. Not to mention the worst company I have ever worked for. I can't even get access to half the programs I need to do my job because management doesn't care. I've been told to use someone else's logins... — read more 

Parts of our job is being outsourced how much notice does a manager get before they layoffs. If you are one selected for to be cut?

What are the 4 questions? If your team completed the interview process, how many stayed and how many were laid off?

im newer to WF and work in IT. can any one shed some light on how IT handles layoffs, has there ever been voluntary enhanced packages offered? if they need to reduce by x nbr heads, does the needed number within a group get communicated out and then... — read more 

Could it be that the rumors were wrong and that TS is staying for good after all? Even though his words were very diplomatic, he spoke with a certain level of self confidence that just makes you wonder. My two cents, he’s probably staying for the... — read more 

Most people are tired of the never ending re-orgs, new managers, managers that disappear in the night, long hours with no job security. Many are hoping for severance packages so they can get a better job!

Just curious as to how other offices/lines are handling this. I am part of the Mortgage Division in the Midwest and morale is completely down the toilet here.

After the news about downsizing broke last week, management was told to increase writing up their staff for minor infractions. 5 minutes late? Write up.. Take a little longer on lunch? Write up

So it looks like we will have zero job security at Wells Fargo for the following three years. The announced ten percent reduction will hang over our heads every day for the next 36 month. As if morale was not bad as it is already, this will just make... — read more 

Layoffs start on October 5th based on span of control. Many details still being worked on. Time to work on my resume...

Wells Fargo & Co. (NYSE: WFC) says it expects employee numbers to drop by as much as 10% over the next three years — a decline it says will be due to "displacements as well as normal team member attrition." Chief Executive Tim Sloan spoke about the... — read more 

https://www.marketwatch.com/story/wells-fargo-directors-approached-gary-cohn-about-ceo-job-2018-09-19

This article lays out how bad things are. With revenue falling, that means even more layoffs beyond the $4B promised to Wall Street to right size the organization... — read more 

With all the negative PR finally affecting the bottom line, anyone heard anything about layoffs in the Marketing area? Are the new products performing as expected?

Rumors are that hmc will displaced in areas that do not have branches or not enough hmc look out also leads will be taken away and given to centralized they are downsizing hmc in favor of centralized less cost wells wants to be quicken by using... — read more