Just read in the Business Journal that Wells Fargo just filed 35 branch closings with the OCC today. Funny no mention on our intraweb or anywhere else. The only confirmed branch I could find on the list is the Triad branch in NC. Any other news?

Yesterday, I resigned from Wells Fargo. I spent months looking for the "right" job, interviewed, and accepted one with a terrific company. The pay is excellent, the people are talented and upbeat, and the well-known company gets positive reviews... — read more 

We're being told that "An important communication about Strategy 2022" will be made on Wednesday July 17th, at 11:00am EST via town hall event from the Leadership Team which will be live streamed to team members at all locations. Word we're getting... — read more 

We're being told that "An important communication about Strategy 2022" will be made on Wednesday July 17th, at 11:00am EST via town hall event from the Leadership Team which will be live streamed to team members at all locations. Word we're getting... — read more 

Reliable sources quoted that Wells Fargo will announce a round of layoffs and displacements beginning September 1, 2019. Some employees have already been given options to accept severance packages prior to the pending displacements. No word yet on... — read more 

https://www.bloomberg.com/news/articles/2019-06-21/at-wells-fargo-a-chance-dims-to-break-u-s-banks-glass-ceiling Inside Wells Fargo & Co., Mary Mack looked like a rising candidate to become its next chief executive officer, shattering the industry’s... — read more 

We know the anxiety of layoffs as WF but looking at layoff.com pages for other big banks they're laying too. If one has financial services skill sets mostly used in banks such as a loan officer ow do they move to other companies? I think IT is one... — read more 

Apple created the platform for digitization of banking via their iPhone. Facebook will finish us off. They’ve figured out how to become a bank while usurping banking laws. We’re totally screwed... — read more 

https://www.theguardian.com/business/2019/jun/15/job-losses-trump-tax-cut-at-t-general-motors-wells-fargo Wells Fargo, the fourth largest bank in the US by assets, tied a minimum wage increase of $15 an hour to the Trump tax cuts and pledged... — read more 

For those that have made the decision to stay with Wells even if your job has been eliminated, what do you say is the reason you want to stay? Here are the common things I’ve heard from my team members in my office. A) I have so much in RSUs that I... — read more 

Anyone know what the package is?

Wells Fargo has disclosed 13k to 26k in job cuts. Those figures are net of job hires. So factor in the thousands being hired in risk positions and the cuts seem like they will be significant more. Plus revenue is dropping like a rock in all the... — read more 

Source below... ""Wells Fargo discloses which types of jobs it’s going to cut next"" ARTICLE: Wells Fargo said Tuesday that it slashed thousands of jobs last year by shedding management positions, centralizing functions and other steps — and that... — read more 

Contractors in IT Governance are asked to use personal phone to conduct company business even though they have been told the following —— Only use Wells Fargo issued equipment (mobile phones, laptop, desktop) for conducting Wells Fargo business... — read more 

Offer letters state in the event of employee disputes with the company it needs to go into private mandatory arbitration, which is the same agreement if a customer has a fake account opened for them by Wells Fargo Bank. If you live in CA you have up... — read more 

Location Strategy.. brace yourselves. new Head of IT, Saul, mentioned cutting number of locations (includes telecommuter locations and actual physical locations) from 900 to 100, as well as getting rid of telecommuters permanently unless they are one... — read more 

Does anyone have any updates regarding the 5-10% workforce reduction? Will the majority of the cuts come from shutting down 800 branches? What about at corporate? Thanks in advance.

As many employees leave due to layoffs or leave voluntarily, I’m hearing of Wells suing former employees to enforce the non-compete. I have an opportunity to join a competitor but am concerned that Wells may sue me too. Has anyone that’s left been... — read more 

I worked in their risk and security team in multiple capacities on and off for over a decade. The last time I was there as a contractor all their security plans were corrupted because there risk management program fell apart due to lack of qualified... — read more 

https://dealbreaker.com/2019/06/wells-fargo-hires-risk-management-exec-from-deutsche-bank-because-why Logo HOME BANKS Desperate To Overhaul Its Risk Management Team, Wells Fargo Turns To Executive From [Checks Notes] Deutsche Bank? Desperate To... — read more 

Read the headlines -- settlement after settlement ($385 million, $320 million, etc.) and it will continue for at least 10-15 years. Watch the sell offs and shutdowns -- insurance, retirement services, payroll division, etc. The list continues and... — read more 

https://abcnews.go.com/US/wireStory/wells-fargo-agrees-pay-385m-settle-car-loan-63569653 Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car... — read more 

Corporate risk has been reorging for two years now now that the Executive Control Group is formed what's going to happen to all the risk people in all the separate divisions? Thoughts?

https://www.cnbc.com/2019/06/05/wells-fargo-is-considering-appointing-interim-ceo-allen-parker-to-the-position-permanently-sources-tell-reuters.html

Regarding software development, the management, the organization, process, it really has devolved into some kind of a sick joke. Pick any facet, they all look the same. New work blatantly going to clueless offshore 'engineers' while more than... — read more 

I get the feeling now, more than ever, that it is a very bad time to be a contractor at Wells Fargo. I’m hearing that the new EVP of tech doesn’t like contractors and wants us gone. Anyone heard this too????

And nobody says a thing. 200+ folks in Bloomington were let go and the media is silent. Maybe WF Business Payroll Services is not that glamorous as Ford or GM which are in the news all the time but 200 people laid off is pretty big hit for any... — read more 

Continuing to strengthen and simplify how it serves commercial customers, Wells Fargo & Company (NYSE: WFC) announced today the leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company... — read more 

https://www.ai-cio.com/news/wells-fargo-settles-derivatives-lawsuit-pensions-320-million/ A US District Judge has approved a $320 million derivative action settlement between Wells Fargo, the Fire & Police Pension Association of Colorado, and the... — read more 

Everyone angry. So many things to be angry about. I politely suggest that we direct our rage not at each other but at the policies that are constricting each of us. Workers old and young are valuable and at the same time AI and automation is changing... — read more 

https://www.americanbanker.com/news/a-less-defensive-posture-from-wells-fargos-interim-ceo

Parts of the company will begin being sold off before the next economic downturn. Wells Fargo is exemplifying an organization in the beginning stages of its death throes. Unless you are senior executive management HR will begin their purge of all the... — read more 

Two people in our division have received immediate Final Notices for minor infractions. A third was terminated on the spot for sending not yet live social media content to third party agency via regular email. What the h*ll is going on around here?... — read more 

Telecommuters will be a target as well as anyone not in a “Hub” location. Also depending on the platform you support they will consolidate this folks in a common location. Which means if the majority of your platform is supported in Des Moines and... — read more 

No one, except maybe the three tellers we have, does anything of real value and certainly no sales. It’s like this across my region in sf bay and apparently across many regions. How long can this go on before mass store closures and lay-offs begin???

Internally, the plan is being called "IT Hygiene". Includes condensing existing groups, with people physically located in the same offices. Some people will be removed from existing teams and placed into different teams, more by virtue of physical... — read more 

I thought people with seniority were being laid off due to higher pay and benefits, and then we lose a guy who's been here for I think a year - if that long! I don't get it, why even hire people if you plan to get rid of them so quickly? This just... — read more 

Can anyone with knowledge let us know if there will be layoffs from Mr. Van Beurden’s location strategy for IT? Remote team members are also being asked to come again but there are no desks available in my department.

There are lots of banks. There are credit unions. There are brokerage firms. There are finance companies. Sorry, but if Wells Fargo doesn’t survive the sun will come up tomorrow, people will finance cars, borrow money to buy homes, and open checking... — read more 

Ours has been acting really weird Thursday and Friday - being overly helpful but avoiding eye contact kind of thing - so now I'm a little scared of what might be waiting for me at work today. Am I just imagining things? I know I've been a bit... — read more