Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Does this place hire people fresh out of college

I haven’t seen any young people hired here in ages. Management recently showed a list of interns in a PPT slide and 95% were Indian names. A coworker told me his kid tried to get a WF college scholarship here and the company rejected them, I didn't... — read more 

CPG Outsource Fiasco

So the plan is to outsource all of CPG to three main providers and you must be offered a similar role. Some folks were displaced as part of this, but I was one of the “lucky” ones picked to go to CBRE. Part of the job requirement though for me to... — read more 

How do you deal with toxic people on a team?

Our manager is completely passive, doing everything possible to avoid conflict. They're the absentee type, lacking any real authority. Meanwhile, a few individuals are making life difficult for the rest of us. It’s not about workload or taking credit... — read more 

Offshore Corruption Cost Coinbase $400 million

A data breech in India is costing Coinbase $400 million dollars. When added to all the other hidden costs of offshoring, it makes you wonder if it was worth it? It seems like probablye not. How long until something like this happens to Wells... — read more 

In retrospect, being laid off was a favor

At WF, it’s easy to completely lose perspective. I got caught up in the constant pressure, toxicity, and anxiety too. I stopped thinking about my own interests, let alone imagining that I could actually work somewhere else. I was laid off six... — read more 

Should I start packing?

Today I finally lost it on my manager after months of being micromanaged, talked down to, and blamed for things that weren’t even mine. I didn’t yell, but I definitely didn’t keep it neutral. I’ve put up with so much, especially since he was brought... — read more 

Asset Cap

This is a couple of months late, but I think it's hilarious how WF employees celebrated the lifting of the asset cap. Seemed almost like bragging about it, like look at us. We're on the move! We got 2k in RSRs! Bo-m! WF is back! Lol. Um, I'm not so... — read more 

Fluff piece on WF’s company-wide AI

https://www.fastcompany.com/91380316/wells-fargo-is-rolling-out-companywide-ai-it-says-everyone-from-branch-tellers-to-investment-bankers-will-benefit Let me guess. You still won’t be able to go directly to, say, Claude or Grok. Did the author do... — read more 

Let Go for Poor Performance - No severance.

Yeah right. More than 20 years in tech and always respected and rewarded for my work . The only problem is the job has to go to Indian and my Indian manager of a year really didn't like me being American and having American views. Bummer.

"20 Year Severance "??? Not 40 weeks sev?

After over 20 years with Wells Fargo, they laid me off today. I was the happiest person in the room. Two months salary and medical, and a 20 year severance package. With that, I'm retired!

Aternity on laptop

Learned today that Aternity has been installed across the enterprise to monitor employee activity. I am not surprised that the tool is installed. However, for those with knowledge of the tool and what it reports: what is being monitored? what... — read more 

Question!!!!

When you get laid off at the end of your 60 day notice period you lose your insurance and get severance pay so does the heath benefits stop getting taken out of your paycheck during serverance? sorry may be a silly question but i dont know.

AI is coming for your job

Here comes the AI Agents. Took them long enough. Edited for clarity: “By leveraging advanced agentic AI capabilities, we can get answers and insights faster, work more efficiently, and free up time to focus on what matters most: helping deliver... — read more 

Hillsboro OR (the barn)

500 ish employees still here most of them have no work to do as you can see most people on their phones all day lay them off already Wells Fargo, or dont, cuz their jobs are scrolling through social media posts all day :p d-mbasss company

Is it really okay for bankers to be impoverished?

Bankers, Tellers, and Phone Bankers are often found experiencing financial hardship due to low wages and stagnant raises. The question is, is this something that is beneficial for customers or the bank? Would customers be comfortable knowing that the... — read more 

Accrued Vacation pay

Does accrued vacation pay get paid out during the non-voluntary leave period (before official termination ?)

Which LOBs have been impacted today?

Sounds like layoffs are happening all over. Good luck to everyone affected. Hope you find a better workplace and more happiness, though that’s not a high bar to clear coming from this place.

CPG

101 CPG employees from around the Country displaced effective October 31st via a Teams call today led by Vasquez. Offered very little HR info.

Tech Tuesday w/Ed O

I love it. People being actively laid off and this chucklehead host Tim H jibbering with Ed O about his Boat. Probably floats it down the street on the tears of his pleebs.

Applying internally - current manager notified?

Back in the day, I don't think managers had visibility into their direct reports job applying activities. The manager was only made aware if an offer was extended. But now? I heard that managers receive a notification whenever one of their directs... — read more 

Unemployment

In California, can unemployment be filed on the last day of the notice period or does it have to be the next business day? Any former CA employees have advice to share? TIA!

194 + 35 + ....

Wells Fargo is displacing 194 Winston-Salem employees effective August 23. Also, is displacing 35 more in Des Moines in August. I hope to get the Golden ticket displacement soon. This Tuesday, August 5 (after payday) would be nice. Just saying.

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

: