Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Massive September layoffs at Wells Fargo

Massive layoff announcements started this week (9/11/2017). First of 2-3 waves of layoffs. Official announcements and new org charts being released this week in two Town Halls and All-Hands Meetings. WF needs to cut $3.9M (nearly doubled from... — read more 

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| 3540 views | | 8 replies (last September 19, 2017)
Post ID: @OP+Pft3tzO

Fort Mill Cuts

Fort Mill mortgage folks are being let go by WF - about 120 will be let go, this group is being dissolved and the business is outsourced to a third party company.

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| 1130 views | | 2 replies (last September 25, 2017)
Post ID: @OP+PdsqmcX

Wells Fargo is a prison, not a bank

That is who they prefer the young, eager, nieve employees. They coach them how to commit bank fraud then bully them around to continue day after day. Experienced Bankers 25+years outside of Wells Fargo are told that they don't think they can do the... — read more 

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| 1230 views | | 2 replies (last October 3, 2017)
Post ID: @OP+Pam3yK4

Transparency at Wells Fargo is a lie

We keep hearing how transparent senior management is yet we have to hear about the layoffs on the internet. Wish they would get to it already and hand all the pink slips. They will let all of the employees who have outside banking experience and keep... — read more 

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| 1250 views | | 1 reply (September 8, 2017)
Post ID: @OP+P9eTg6T

What other numbers were under-reported?

Ok so they grossly under estimated the number of fake accounts. But I wonder if they also under estimated the number of people that were let go because of the pressure to sell. As I recall. Some 5,300 people were fired nut I'm guessing the real... — read more 

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| 1061 views | | 1 reply (September 5, 2017)
Post ID: @OP+P7qxpI1

Wells Fargo Contractors

Is WF letting go of contractors to reduce costs there are thousands of contractors inside the bank, especially in IT so just curious.

Reality vs fiction

if ya really wanna see how badly wells fargo businesses are doin, dont read the quarterly updates from tim sloan. instead read the financial websites like cnbc. theyll show you the real picture, not the fairytale that wells fargo senior management... — read more 

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| 1273 views | | 1 reply (August 31, 2017)
Post ID: @OP+OSP5vc2

Where was Wells Fargo's external auditor

Let's see probably on the payroll! http://www.marketwatch.com/story/where-was-wells-fargos-auditor-kpmg-while-the-funny-business-was-going-on-2017-08-17

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| 1514 views | | 3 replies (last August 19, 2017)
Post ID: @OP+OQgTSoo

wells fargo has new board members

but we all know that nothing will change so long as those executives at the top who remained silent for all those years are still around.

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| 2010 views | | 12 replies (last September 20, 2017)
Post ID: @OP+OMnscXb

Mortgage and Net Loyalty

2017 incentive plan was presented and then along came net loyalty. The math does not even make sense. Just another way to NOT pay Incentive to employees. Maybe some attorney ought to take a look at this practice!! Processors carrying piplines of less... — read more 

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| 1520 views | | 9 replies (last August 19, 2017)
Post ID: @OP+OM9n8X0

Wells Fargo laying off 72 in Vancouver

Vancouver call center is closing, and 72 employees are being shown the door. They will officially be gone sometime in October. From 500 to 80 to just a handfull in just a few years... — read more 

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| 1290 views | | 5 replies (last August 18, 2017)
Post ID: @OP+OMUs40u

Layoffs 8/2017

I was curious so I kept checking total employees on teamworks - 1,000 layoffs since 8/4/2017. If you lost your job, you're not alone!! Get support from friends and family and coworkers! Use Glassdoor to find a great new position! You can do it!!!

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| 1860 views | | 7 replies (last September 7, 2017)
Post ID: @OP+OLclXRY

40 cut in mortgage division

More layoffs, this time in mortgage division... Wells Fargo notified 40 employees in Des Moines area that their services will no longer be needed... — read more 

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| 1273 views | | 1 reply (August 11, 2017)
Post ID: @OP+OIaguPc

Isn't it funny??

That instead of getting new board members they just seem to shuffle the old ones around. It's like they are afraid someone new will come in and see all of their nasty secrets.

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| 1160 views | | 2 replies (last September 7, 2017)
Post ID: @OP+OHkDQWg

WFA ST .Louis

Anyone know of layoffs in Home office St. Louis ? It seems we have contractors no filling of full time positions . Floors seem more empty. They want to know all our tasks, how long it takes etc... rumors of outsourcing have been flying about.

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| 1160 views | | 1 reply (August 11, 2017)
Post ID: @OP+OHInAbY

Culture and environment at Wells Fargo needs to change

Getting rid of the CEO of Wells Fargo was just one of many necessary moves to not only save face but to also save an industry that has been abusing customers for some time. The Firing of many other high level regional presidents has just taken place... — read more 

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| 1230 views | | 2 replies (last August 18, 2017)
Post ID: @OP+OFu9cPM

PART TIME need not apply.

Wells Fargo in Phoenix has inklings of hypocrisy in their hiring price,...even for PART TIME positions. Their statement regarding age, experience, veteran, etc. is hogwash. You can have 25+ years of customer service/sales experience, college... — read more 

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| 1251 views | | 4 replies (last September 8, 2017)
Post ID: @OP+OCd6rOG

Listen

No bank is too big to fail and no CEO too powerful to jail.

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| 1260 views | | 8 replies (last August 18, 2017)
Post ID: @OP+OC0ZnlQ

Wells Fargo Upper Level Managment Takes a major hit

Late last week employees of Wells Fargo were informed of a dramatic re-alignment of regional presidents. Many long term employees were released after the company carefully thought out its response to scandals over the past couple years. Those... — read more 

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| 1540 views | | 5 replies (last August 15, 2017)
Post ID: @OP+Ozh0oQk

WF Insurance Services and Auto Loan Fraud

It all makes sense now in light of the new fraud findings related to auto insurance policies created for customers who applied for auto loans. WF has sold off Insurance Services (WFIS) which is part of the Wholesale Division and responsible for... — read more 

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| 1391 views | | 5 replies (last August 2, 2017)
Post ID: @OP+Oy8R9FK

Yearly Performance Reviews Outcome

Since WF created new performance reviews in which rather judging you on a scale of 5 (best) to 1 (worst) how many of you have gotten your bonuses? And for next year's performance reviews did the % of your bonus go up or down? Many had complained that... — read more 

Senior Level Cuts

http://fortune.com/2017/07/29/wells-fargo-fires-managers-amid-scandal/

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| 1053 views | | 1 reply (July 31, 2017)
Post ID: @OP+Oxm091I

CDS layoffs announced

WF announced the closing of some 53 CDS offices with the plan to consolidate to two main hubs. The exact number of job losses hasn't been announced but expect some large cuts to staff as The CDS business is centralized

Is IT going offshore?

IT is clearly positioning themselves to be able to offshore a great deal of work over the long term. They are continually moving work efforts offshore presently on what seems like an experimental basis. Whether this will result in layoffs remains to... — read more 

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| 1300 views | | 6 replies (last August 9, 2017)
Post ID: @OP+OsK8DMc

Will there be anybody left at Wells Fargo?

Where I am in Marketing half the staff is actively looking, and the other half is hoping for a layoff. Confidence in management was never great, but now it's non-existent. Same here. We already had a few people leave, and there is a bunch looking... — read more 

Efs closing

Selling atudent loans in september buckle up

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| 1300 views | | 1 reply (July 17, 2017)
Post ID: @OP+OjZaUU3

Morale at all time low at Wells Fargo

Its sad how the morale is so low everywhere at Wells Fargo. It is making work more difficult because people just don't care anymore and won't go that extra to be a true team player. Been here a long time myself and while I do care and I always do the... — read more 

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| 1890 views | | 5 replies (last September 13, 2017)
Post ID: @OP+OfzmpZZ

Print Shop

I heard this weekend that my sister in law who works at the Wf print shop in downtown Des Moines has been laid off. Think they are shutting down the facility.

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| 1080 views | | no replies yet
Post ID: @OP+OcRuJnS

Beware of "exciting changes" at Wells Fargo

be prepared! They will not say anything officially or admit to Laying people off until the very last minute. They are very sneaky how they do it. They kind of blind side you by never officially admit before hand there will be layoffs. All they say is... — read more 

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| 2150 views | | 2 replies (last November 29, 2017)
Post ID: @OP+O5ZANdu

Wells Fargo Insurance Rumors (Spin-off and divestment)

Do you have more info on the fate of WF Insurance? There are multiple rumors on the web about what'll happen and I wanted to see if any of you would be willing to share what you know about the possibility that our Wells Fargo Insurance business will... — read more 

Mortgage Processing Centralizing

Any word on whether they are doing away with processing in the satellite/branch offices? I'm seeing indicators this is the way it's going but nothing official. Anyone have insight?

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