Since I joined Wells Fargo seven months ago, I’ve seen layoffs every two weeks, no exceptions, no breaks. Just another round every other Tuesday. Is it always like this? How do people survive years of this? I’m already starting to crack, and it... — read more
Technology Control Layoffs
Layoffs are spiraling throughout organization and its impact should drive change a direction.
WIM in Richmond notified that they are moving to Charlotte.
A good portion of the remaining WIM in Richmond, VA was recently notified that location strategy is moving them to Charlotte soon. Move or get a severance package. Keeps it off WARN notices as they offer them a job in another location. I thought... — read more
Sale of Former Wells Fargo bldg finalized
BREAKING: Sale of former Wells Fargo downtown properties finalized - Business Record https://share.google/mat8WI41aijFJoepJ
Title changes for salary compression.
The bank is now actively reclassifying lower roles to higher roles without any financial compensation. They are compressing wages down for the same or more work. Be mindful of your job role, your compensation range will go down. This evil... — read more
Finally free
I was so burnt out I dreaded coming into the office every day. Today, I got laid off and it feels like winning the lottery. I know finding a new job might be tough, but this was long overdue. It’s better for both me and Wells Fargo that we part ways... — read more
Laid Off This AM CTO
What a great day. I received the call this AM. I heard in my managers voice uncertainty about their own future. What a mess, they have a whole heck of a lot of stuff they need to unwind to get themselves off the firing line. For those who did not... — read more
Wells Fargo is a cult
It doesn't matter how good your metrics are. They'd rather have a True Believer with sh---y metrics than a competent performer who occasionally utters a critical sentence.
Those laid off in ‘23 or ‘24 with RSRs
If you were awarded RSRs in precious years which vest over 4 years, did some of your shares vest this year even if you work for a competitor. The layoff docs say to refer to the RSR docs and my lawyer had difficulty understanding those. This is for... — read more
When was Iselin NJ added to core location?
When did Iselin NJ got added to core location list? W/o any announcement of any sort but now several new job posting are for Iselin, NJ as primary location.
Here we gooooo!
Tomorrow is Termination Tuesday! Anyone have any deets on the targeted areas ?
RTO
I was just asked, well, told to come in to the office 3 days per week. This is ridiculous as I've been working remotely for years and years. Is anyone else dealing with this too?
In office
For the mandatory 3 days in, people have been working 4 hours in the office and then going home to finish their day. Is this accurate. I don’t see anything that states it’s acceptable per WF.
Way too many managers at WF doing NOTHING!!
WF needs to clean house and get rid of so many worthless layers of managers doing NOTHING.
Does WF do layoffs on a Tues. right after a holiday?
Us Oregonians think we will be laid off October 14 which follows the Tuesday following a payday which is what they’ve been doing typically. The thing is, October 13 is Columbus Day holiday so would Wells Fargo really lay us off the Tuesday following... — read more
AI is (still) mostly a scapegoat
AI becomes the perfect non-human scapegoat: it’s inevitable, it doesn’t sue, it doesn’t organize, and it doesn’t tarnish the brand. CEOs can point to AI as an “external force of change,” instead of taking accountability for strategic missteps, bad... — read more
In-office reporting
Looking for details on in-office reporting. If someone is in-office for a half-day and on PTO for a half-day on the same day, how does the reporting pick that up? Does that count as one in-office day or two?
Layoff Package
is there any negotiating with HR with a better severance with company standard. This would be probably related to older workers since finding another position will be difficult if not impossible
Next Tuesday at the Barn?
Rumor (and its only a rumor) has it that there may be layoffs this coming Tuesday. If so, who will it be? Which line of business will finally be set free? Or will it be a clean sweep of every soul? " Spin the wheel, around it goes. Where it stops... — read more
Severance Question
I'm just trying to get all my ducks in a row before they let us go, and yes, hanging on for the severance. If you opt for installments, a severance check every 2 weeks, they deduct insurance which would be cobra, which is expensive. That may mean... — read more
I've given up
After years of giving everything at Wells Fargo, I’m completely worn out. I’m coasting through the days, just waiting for someone to finally let me go. Being told it’s over would feel like a weight off my shoulders. I’ve lost all drive and the... — read more
Employee Global Survey results
We sure told them!!! …exactly what they wanted to hear.
Being marked Critical
If my teammate and myself are marked Critical, what does that mean for us? We both work in non-core city locations (hybrid). We're also close to retirement plans, and are hoping for a layoff with severance at some point in the near future. Thanks.
Most recent round of layoffs disproportionately affected
Just pull up your org’s .zz’s in Outlook/Teamworks and you will see that the majority of the displaced employees were Caucasian. Subtle DEI activity?
Is it possible?
Is it possible to apply and get another position that is only hiring and locations if you are full-time remote? The hiring manager is interested, but I do not know if they know where I am located. He reached out to the recruiter and the recruiter... — read more
Attrition is just as bad as layoffs
Looks like none of the good workers want to stick around here anymore. The ones who actually know what they’re doing are bailing as fast as they can, and that says a lot about how things really are on the floor.
Any insights or thoughts on the Loudspeaker Program's move to ECRL (aka Complaints)?
Sounds like they are turning the program upside down and making all kinds of changes. Layoffs for that team too?
Senior assistant vice president
What is that new role?
Can internal hires negotiate pay increase?
Hearing conflicting things. So if I make a lateral move (same pay grade) could I move in the range and get a raise. I only get the standard 2% raise per year and am below the midpoint by now. I just want to negotiate to be at mid is this... — read more
Can’t stand the low quality work from JPM and BofA transplants
What do these people even do?
Is it a fair assessment; I asked chatgpt about cultural Misalignment of converting Wells Fargo into JPMorgan Lite?
as evidenced by employee reaction to the hiring of external executive personal ... Employee Reactions: Resistance, Skepticism, and Morale Challenges Many long-time Wells employees — especially those outside of senior executive ranks — reacted... — read more
COO 9/2
Its official, we rec'd the 9/2 lists. Your managers know today.
Tuesday's Gone with the wind
Tuesday's Gone with the wind, but more Tuesday's on the way. Funny how most states have newspaper articles about sites closing down, and good friends/good employees Gone. Last Tuesday was horrible. A local news channel in Virginia covered a story... — read more
Cash Vault Operations
Why does Cash Vault have such high turnover? They are contract workers, so they don't get displaced, but it seems like they come and go so quickly.
Number of Internal Job Application
I see it is encouraged to limit the number of internal job application to 5. Anyone knows what will happen if I am applying for more than 5 positions at the same time?
Keeping that severance..
If someone gets displaced say on Tuesday, August 19, does that mean they can interview for a job but tell the prospective employer they can start on October 20th? 61 days after the displacement..
SF reduction
Any word on SF overall reduction?
Remote Exception
Is it possible to prevent getting a remote exception or can a manager put you in for one without your consent?