Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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/

by
| 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 

by
| 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

by
| 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 

by
| 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.

by
| 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 

by
| 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?

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.

by
| 3030 views | | 3 replies (last February 6, 2018)
Post ID: @OP+Nsjq9xO

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 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 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?

Layoffs

Is Wells Fargo laying off employees in Indiana in the foreseeable future?

by
| 930 views | | no replies yet
Post ID: @OP+MlUTjgs

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

by
| 947 views | | no replies yet
Post ID: @OP+LU9oCXL

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/

by
| 1800 views | | 3 replies (last May 14, 2017)
Post ID: @OP+Lml5ika

Wells Fargo Layoffs 2017

I haven't been around long time but I already heard about possible job cuts in San Francisco.

by
| 3980 views | | 2 replies (last December 10, 2016)
Post ID: @OP+KuGdsnv

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?

by
| 931 views | | 2 replies (last November 7, 2016)
Post ID: @OP+KfMugtG

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?

by
| 1171 views | | no replies yet
Post ID: @OP+K94UMoU

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 

by
| 1700 views | | 2 replies (last November 2, 2016)
Post ID: @OP+K8rmMg6

Start a new thread - post a news comment, question or message:

: