anyone work in WFEF? This should be interesting - we are getting another couple thousand employees with this purchase...
Workforce Reinvestment Act tax credits
Wellsfargo was hit with fines and lawsuits laying off workers and abusing the Workforce Reinvestment Act tax credits. They were hit federally and statewide.
George Simonetti -Arrested DUI http://northcarolina.arrests.org/Arrests/George_Simonetti_7336477/
During times of economic recession the bank tends to (headcount removal) turn the screws on employees and suddenly claim an employee did not meet expectations or using the subjective employee hand book rules. What happens where there is something... — read more
I worked for wells for 14 yrs before being laid off.
I was very proud of my employer and was devastated with the layoff. I had survived 3 major layoffs during the 14 yrs so when it happened to me in january 2014 I was very surprised. It turned out to be the best time to retire, which is what I did. I... — read more
Wells develops a score for you based on their own weighting which takes into account age, income, etc. to determine if you are hire-able or not.
https://answers.yahoo.com/question/index?qid=20070126205707AAGBWpF Like most financial companies, Wells Fargo checks criminal, credit and driving backgrounds. They will develop a score for you based on their own weighting which takes into account... — read more
Call Center Horror
If you think it is bad at the branch, take a look at the call centers. We are in a 6x6 cube tied to a phone for 8 hours a day with every key stroke and word we say monitored and micro-managed. We have sales goals to meet whether it matches the calls... — read more
I was relieved to be laid off
What was once a great company and a great employer before the Wacovia purchase turned into just another greedy Wall Street bank heavily reliant on "spin" both externally and toward its employees. I was relieved to be laid off, and I never thought I... — read more
Teller Turn Over Rate and Attrition
Attrition is so high, turn over rate is super high for Wells Fargo tellers - they do not need layoffs, people leave on their own. You are forced to push products on customers, and you know they get annoyed if you keep pushing it onto them. So, you... — read more
Cutthroat internal politics - I could care less if they were to lay me off
Or outsource me, they like to do that anyway
Wells Fargo E&E 2020 Initiative
Has anyone heard about the E&E 2020 initiative WF is working on? Is this code name for a mass layoff? There are a lot of nervous people in my marketing group and they say the layoffs will start in 2016 when the new budgets show we don't have enough... — read more
More outsourcing and job cuts
Will happen this year and next year, E&E 2020 and Follow the Sun initiatives. Expect 5% cuts this year in IT. More work will be sent to India for IT.
Job Cuts Are Coming
It doesn't matter how experienced, dedicated, or how diligently you work for Wells Fargo. Nor is tenure always a factor. Economists are saying we are headed for another economy like 2007/2008. There are some banks in trouble. The current and future... — read more
Wells Fargo Severance Pay 2016
Can someone give me more details about the severance pay - or point me where I can find more info on severance for people that will be laid off this year
2016 Layoffs: 581 employees mortgage operations - Charlotte, Raleigh-Durham, Minneapolis, Seattle and Portland, Bay Area...
Don't have breakdowns, however five are in the Bay Area.
Fort Mill Has Been Going through layoffs for a while
WF Mortgage Side - folks are being laid off all the time
500 total layoffs - 132 in Fort Mill and Charlotte
http://www.bizjournals.com/charlotte/blog/bank_notes/2015/10/charlotte-area-operations-take-a-hit-in-wells.html
San Bernardino Office Layoffs - January 2016
OK, this just got filed with the state of California Employment Department. There will be about 100 (not sure about the exact layoff numbers but that's what I heard) will be laid off sometimes in January 2016. They have to file this document with the... — read more
Wells Fargo Layoffs 2016
What is the likelihood of Wells Fargo layoffs in San Francisco in 2016? Please let me know if you have any information.
E&E 2020 Initiative - A Code Name for Layoffs
Has anyone heard about the E&E 2020 initiative WF is working on? Is this code name for a mass layoff? There are a lot of nervous people in my marketing group and they say the layoffs will start in 2016 when the new budgets show we don't have enough... — read more
Charlotte Area Layoffs
Things continue to worsen in Charlotte, we had 130 let go and there will be more people who will get laid off
WF Raleigh Layoffs
40 folks were laid off, all in Raleigh on the mortgage side. This is going to continue.
Wells Fargo Layoff Locations
Has any of the locations below been affected by layoffs: ADDISON, TX; --- ALBUQUERQUE, NM; --- ATLANTA, GA; --- BOSTON, MA; --- CHANDLER, AZ; --- CHARLIOTTE, NC; --- CHARLOTTE, CA; --- CHARLOTTE, NC; --- CHICAGO, IL; --- CONCORD, CA; --- DES MOINES... — read more
Austin Powers- Mini-Me Managers
Short man syndrome is an informal term and goes by other names such as 'Napoleon complex'. Technically it is a form of inferiority complex in which the person attempts to overcompensate for their perceived shortcoming. The term is often used to... — read more
Informative information
Looks like good Informative information in the Bank of America section. Caution of the managers games around layoff.
Massive 2015 Layoffs at Wells Fargo Might Be in Works
http://realmoney.thestreet.com/articles/03/26/2015/wells-fargo-layoffs-just-getting-started
Home Lending Office in Milwaukee, Wisconsin Layoffs 2015
The site will shut down in July, this is a huge blow for Milwaukee as the city, hundreds of jobs will be lost in a very weak economy. Thank you Wells Fargo.
HMC
Does anyone look at this site. Does anyone respond besides Well Fargo?
Chester, PA Layoffs 2015
Over 1,000 people will be laid off in Chester, Pa (Mortgage) - This went from bad to horrible - WF will continue cutting and we should be ready
Anonymous Investigative News Reporter
In 2012/2013 Mortgage Apps were rumored, to sit in Chester NY processing Center for months unprocessed causing denials, was Manager fired and replaced, upper management remained in jobs claimed they had no clue. Is or was there a loan processing... — read more
Utah layoffs at Wells Fargo 2015
do we have any updates on layoffs at Wells Fargo over here in Utah. I left 14 months ago and I knew that 2015 and 2016 will be rough.
Minneapolis - Advice for Job Applicants
I've worked for 20 years in IT at WF, Minneapolis. My advice to anyone coming in from the outside is negotiate your salary like crazy, because unless you leave your position you won't be getting any real raises. Cronyism is high; If you're not one of... — read more
Cost Cutting and Layoffs at Wells Fargo in 2015 and beyond
Many are aware of our Wells Fargo cost cutting Project Compass, we were going to cut spend in 2011 and 2012 and that resulted in thousand laid off at Wells Fargo during this period. All units were affected, if you had to so ‘something’ with our... — read more
"Accelerators" being implemented in WF Insurance division
Anyone have experience with Wells Fargo "accelerator" initiatives? Is this the first step leading to layoffs? They have implemented these "accelerators" in the IT area of WF Insurance (WTS) and people are nervous. The company seems to be keeping it's... — read more
Layoffs in Q1 of 2015 at Wells Fargo
Do you think the mortgage side might be affected in the first quarter of 2015? I hear that many of our competitors are gearing for more layoffs as the business on the mortgage side seems to be even slower than in the first half of 2014. I know that... — read more
Wells Fargo layoffs / Minnesota / 2014
Anybody has more info, I left in 2009.
offer
i just got an offer from Wells Fargo as a "Info Security Engineer" role; does anyone know anything about their IT staff? do they outsource services? programming? salary mid-point is $103k and telecommutable so that's pretty decent.
Why is Wells So Heavily Invested in Corinthian Colleges?
Can anyone tell me why Wells Fargo continues to hold onto a corporation that is not only predatory, but is bleeding money?