They need to investigate there sales practices and department gender discrimination practices in BBG division..harassment and sales pressure team conference calls. This is a post bump based on the poster who logged a message on Friday, September 23 -... — read more
WF Mortgage Cross-Selling Practices
Bullying and harassment goes on in the mortgage side as well, if reps say anything they are fired for ANY reason. HR and EAC do not keep any situation private. The employees that are ALWAYS late and or tardy do not receive an occurrence, the reps... — read more
Polonsky v. Wells Fargo Bank & Co., BC634475
Filed - California Superior Court, Los Angeles County... Good luck with this one though...
Wells Fargo Insurnace
In addition to WF Bank, I would strongly suggest that the Feds look into the cross selling practices at WF Insurance. Having worked for WF Insurnace for over 15 years, the cross selling practices are identical to WF Bank. The Account Managers have... — read more
Specifically fired for opening fraudulent accounts?
I'm curious if anyone out there was specifically fired for opening fraudulent accounts. I for one believe those firings are a myth...and most (if not all) the firings were for not meeting sales goals. Please advise.
Supervisor Of "Massive Fraud" At Wells Fargo Leaves Bank With $125 Million Bonus
Wells Fargo executive in charge of fake accounts unit that cost bank a $185m fine and 5,300 jobs will walk away with $125m golden handshake.
Since there is not reliable info in the news...
Do we have any WF insiders here who can tell us if folks terminated here (the 5300 to be exact) were terminated over time or has this happened all of the sudden? Also, any additional detail would be helpful, e.g., were they provided severance pay... — read more
WF Laid off 5300
See more at: http://abovethelaw.com/2016/09/5300-fired-for-creating-millions-of-phony-accounts-um-where-was-compliance/
Wells Fargo Wholesale Layoffs (current 2016 and 2017 plans)
Anyone has more info on what's happening on the Wholesale side?
More layoffs made yesterday (7/13/2016) mostly in the Foreclosure area, affecting San Antonio and another site.
The Foreclosure Document Execution, Foreclosure Bidding, and another department were all completely eliminated along with several middle managers.
Small number of mortgage layoffs in Rancho Cordova, Ca a few weeks back.
No one at WF seems to report the layoffs so I thought I would. Also, heard the quality of loans is bad. Lots of BK's, foreclosures, etc. Loan officers appear to be taking the bottom of the barrel. Hmmmm.......sounds reminiscint to 2007/2008.
Back Office Support
This year, I have experienced time-consuming, frustrating delays in back office support with Wells Fargo Bank and Wells Fargo Advisors. When they say 3 to 5 days to do something, it can mean 1 to 3 months. They never call to tell me what is the... — read more
any word on what the GE Capital acquisition will mean for employees?
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