Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Everyone is trying to figure out what's next

When friends ask me “How is work”? I reply “I work at Wells Fargo. For now”. What else is there to say? Everyone knows what that means. They’re closing the little branch in my neighborhood. The one where people who have done business for 30 years... — read more 

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| 1280 views | | 3 replies (last March 27, 2019)
Post ID: @OP+WkdO7Qw

Trapped

Hey Reporter, everyone would like to talk to you, but they really can't. I'm still at Wells, so I'm not sure about how they work, but I've quit jobs and for a year or two after gotten a reminder letter via snail mail from some law firm reminding me... — read more 

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| 1320 views | | 3 replies (last November 26, 2018)
Post ID: @OP+WhjIX7D

Clean House

Economist calls for the cutrent entire board of directors and top 100 executives to be fired. https://www.americanbanker.com/opinion/time-to-clean-house-at-wells-fargo

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| 1311 views | | 4 replies (last November 22, 2018)
Post ID: @OP+WfX5dTF

Any layoffs today?

I know some people were having group calls today. Was it business as usual or were more people unceremoniously laid off?

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| 861 views | | 1 reply (November 20, 2018)
Post ID: @OP+WeCIVYd

Feeling in WFS and CIB

How do you feel about job security and income security in WFS and CIB?

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| 960 views | | 2 replies (last November 22, 2018)
Post ID: @OP+Wej1KKF

Flexing Family Option India

So AWESOME to see Wells Fargo care more about India staff than US Staff..."One Wells Fargo" calling Bull Sh!t on that one. So after you layoff state side Thursday and following Monday you promote benifits of India team members. Wow way to go..way to... — read more 

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| 1250 views | | 4 replies (last November 22, 2018)
Post ID: @OP+WdrksXf

Layoffs through group calls

Didn't even have the respect to displace us on individual calls so we could deal with it and ask questions privately. They told us on a large group call (team displacement). Are you kidding me??? Is this really true? Does Wells Fargo leadership... — read more 

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| 2160 views | | 16 replies (last November 20, 2018)
Post ID: @OP+WdSAUX6

Insider trading

It’s interesting that while layoffs are occurring the ceo has rewarded himself with 39 MILLION in stock during 2018. Nasdaq has all the information. Nobody is worth that and it is immoral.

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| 560 views | | 1 reply (November 20, 2018)
Post ID: @OP+WdNrBwm

More layoffs today?

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 

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| 1480 views | | 4 replies (last November 16, 2018)
Post ID: @OP+Wagntuv

900 mortgage jobs cut

https://www.housingwire.com/articles/47418-wells-fargo-eliminating-900-mortgage-jobs

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| 590 views | | no replies yet
Post ID: @OP+Wa3dhNg

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?

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 

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| 1690 views | | 7 replies (last November 20, 2018)
Post ID: @OP+W9KAS3S

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 

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| 2120 views | | 10 replies (last November 16, 2018)
Post ID: @OP+W9hG9Ki

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!

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| 550 views | | no replies yet
Post ID: @OP+W9G8cvp

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 

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| 1880 views | | 14 replies (last November 16, 2018)
Post ID: @OP+W9uGk7t

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 :(

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| 1070 views | | 2 replies (last November 16, 2018)
Post ID: @OP+W9iF5Uo

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 

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| 844 views | | 2 replies (last November 15, 2018)
Post ID: @OP+W8ZqdWy

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.

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| 1270 views | | 12 replies (last November 19, 2018)
Post ID: @OP+W39kDYy

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 

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| 990 views | | 2 replies (last November 10, 2018)
Post ID: @OP+W3nUFy2

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 

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| 1650 views | | 7 replies (last November 10, 2018)
Post ID: @OP+W2abYGk

Sale of retirement unit

https://www.bloomberg.com/news/articles/2018-11-07/wells-fargo-is-said-to-explore-sale-of-retirement-plan-services

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| 720 views | | 2 replies (last November 8, 2018)
Post ID: @OP+W2aPVAa

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 

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| 1500 views | | 8 replies (last November 15, 2018)
Post ID: @OP+W01RYWM

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 

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| 1160 views | | 9 replies (last November 9, 2018)
Post ID: @OP+VYP91p8

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 

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| 883 views | | 2 replies (last November 5, 2018)
Post ID: @OP+VXppOdf

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 

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| 1460 views | | 4 replies (last November 3, 2018)
Post ID: @OP+VVZRUgM

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