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/
Car Dealer Services Doing Layoffs Because They Were Committing Fraud Too
In the last five years WF Consumer Lending (Car Dealer Services) has been opening up auto insurance policies as part of customers' auto loans without their knowledge or consent. Nearly 600,000 customers had these fake policies created and 20,000 had... — read more
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
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
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
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.
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
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
WF jobs to be sent offshore to cut costs - article attached
http://www.charlotteobserver.com/news/business/banking/article153561314.html
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?
Dealer services
Collections centralizing in 6-12 months. All 52 RBC's. Option to relocate to one of the centers. Long time WFDS employees out. They don't care.
Salary continuation policy
WFB also just changed the salary continuation policy under the guise of having to make a change for regulators. I don't doubt this was needed but to reduce the longest salary continuation from 17 months down to 12 months is horrible. I think they are... — read more
Layoffs going on now
I am an employee that received a layoff notice in the development, training and consultant department. Out of the 600 of us nationwide, 200 of us were laid off last week. According to our hr the layoffs within various other departmenrs will continue... — read more
Wells Fargo Financial Advisers layoffs in June-August
Wells Fargo Financial is planning a major layoff within their small to medium sizes offices, starting in June and ending in August 2017 , with another round in October 2017.
Wells Fargo layoffs coming in July
I've been told by several senior managers that Wells Fargo is preparing its biggest employee layoff to be announced in July. Groups like Marketing, HR, Finance, etc that previously went through layoffs will again be hit with further reductions. This... — read more
Wells Fargo to double cost-cutting in wake of sales scandal
http://www.charlotteobserver.com/news/business/banking/article149900932.html
Wells Fargo Mortgage Layoffs Updates
Why no posts here? What are you guys hearing as of today. FYI - BAC just had major cuts on the Mortgage side in Chandler, I think we are next.
Layoffs coming?
I hear satellite mortgage offices will be closing across the country; over 3000 team member impacted. Has anyone heard?
Wells Fargo Mortgage layoffs in 2017
Is this year as bad as it was in 2011 when I got laid off? What are updates?
Layoffs
Is Wells Fargo laying off employees in Indiana in the foreseeable future?
Account Scandal Happening for Decades
The Wells Fargo fake account scandal has been going on for 2 decades or more. http://www.sfchronicle.com/business/article/Wells-Fargo-whistleblower-finds-vindication-10941030.php
400 banks to be closed
So, how many tellers is that? Branch managers? Support Services? http://kstp.com/business/wells-fargo-david-vang-st-thomas-400-branches-closing-minnesota-presence/4371383/
Wells Fargo in the only top 5 bank that has failed it's living will twice in one year. This means when they go bankrupt they'll need a bailout.
http://mobile.nytimes.com/2016/12/13/business/dealbook/wells-fargo-regulators.html?_r=0&referer=https://www.google.com/
Even more dirt as account scandal widens to insurance fraud
Account scandal widens to include the selling of Prudential life insurance policies by WF bankers to unsuspecting customers without their knowledge or consent... — read more
Wells Fargo Layoffs 2017
I haven't been around long time but I already heard about possible job cuts in San Francisco.
Retaliated against by Wells and prior affiliations - Gamed OUT!
"Some former Wells Fargo employees have said they were fired or otherwise retaliated against after reporting such misconduct to the bank’s ethics line. In all, about 5,300 employees have been fired, including many low-level employees in branches... — read more
Cross selling Victims
What about the fired victims. Cannot be rehired. I am sure the second HR internal employee notes data base is riddled with lies, SOP procedure. Time to wipe the HR slate and start over again with fraudulent employee record keeping for so long?
Misleading people could still be employed
George Simonetti http://northcarolina.arrests.org/Arrests/George_Simonetti_7336477/
We old timers knew the downgrading of Wells Fargo was coming
We old timers knew the downgrading of Wells Fargo was coming when Finance Norwest purchased the bank and took the name and assets. This Norwest was one step above a payday loan company. Like Pacific Finance, and Household Finance..... remember them?
Great mortgage company,
Been with organization nearly 15 years, and with 3 other lending institutions total. Fantastic leadership, forward thinking and always trying to help the customer succeed financially with a primary, 2nd home or investment property. Pay and benefits... — read more
Wells Fargo layoffs this week October 2016 (or November 2016)
We are having layoffs right now and there are no posts here. BAC's board is on fire yet we are always silent? Why's that? More fear here? I seriously doubt it but it may be a cultural thing and also we have more tight controls so that may be causing... — read more
Is Wells Fargo bank in Dallas laying off employees in 2016-2017?
Do you know what the plan is and how many of us may be laid off in 2017? I hear rumors about possible cuts and that it may be massive - if we continue to hurt as it relates to profits, I am pretty certain that Wells Fargo will do what all other banks... — read more
A message from Chairman and CEO John Stumpf - The path forward
Dear team, After nearly 35 years with Wells Fargo, I have decided to retire from the company, effective immediately. I want to begin by thanking each and every one of you. Working alongside you has been a true privilege, particularly as we have led... — read more
For the record: I have never been treated better than here at Wells Fargo
Wells Fargo employee 2 years. 54 yrs old I have never been treated better. I am honest hard worker who would back Wells Fargo 100℅. Anyone who is dishonest should be ashamed, stop blaming Wells Fargo for your own failures. Wells Fargo pays employees... — read more