Just curious if anyone uses it in their daily workings at Wells. If so, how and what area of business are you working.

Many on this board are addressing Wells Fargo in a negative light. I have been here nearly 6 months and as it stands now I have no plans to ever leave.

There is supposed to be assistance in finding work and resume prep but we have not received the date we are going to be let go. It is certain to occur. Is the assistance any good?

https://www.barrons.com/articles/wells-fargo-asset-cap-elizabeth-warren-867a82a7

Don’t hate me. I’m sure it’s been asking before. What happens to the loans when you get laid off?

I wouldn’t even consider it in this day and age. You uproot everyone and everything only to risk losing the job the following Tuesday. Relocation is incredibly expensive now, even with the funds they provide. There are so many hidden costs that... — read more 

My money is on SVB! Any other potential insiders or outside the bank candidates?

Top 3 companies that WF should go after now that Asset Cap is lifted. IMO, it will probably be a Credit Card and or Investment Brokerage Company or perhaps even a Crypto company. They will probably try to catch-up to BOA. GS/MS .. — read more 

My manager has shared that I will likely be given the "relocate or be displaced" decision in November due to location strategy. I don't intend to relocate, and am trying to understand what the timing will actually be to be displaced once I am... — read more 

I just wish they’d stop treating us like we’re stupid and tell us when it’s happening. I’m positive it’s coming but it’s impossible to know WHEN. I would obviously like to stick it out to get my severance but if it’s going to be months from now I’m... — read more 

Why has there not been any mention of head of risk? Hasn’t he been instrumental in lifting the asset cap? Perhaps he is about to quietly ride into the sunset. I would like to thank him on behalf of the shareholders.

I have exceeded my 12 weeks of FMLA (so my job protection rights have ended) but am still on short term disability. My manager has informed me that they are finding someone else to fill my position and when my medical leave ends I’ll be on job search... — read more 

Site Closures: There's also some indication that Wells Fargo is closing sites "by the end of 2025" and that the Glen Allen (Richmond area) location is being consolidated.

A lot of you apply for roles thinking you’re automatically going to get them. Let’s be real: that jump from P3 to P5? It’s not happening. It’s very rare—only if you’re extremely misplaced. Nobody cares. No one’s thinking about you. No one’s worried... — read more 

Your manager has the reports. What’s your utilization score? One minute of productivity for sending an email. Screen went blank? Negative two. Looked at Fox News or CNN during lunch? Productivity goes down. Didn’t have Excel open long enough? You... — read more 

How is this model so bad?

Any insights??

I’m remote and just got an action to update my address in Workday. Is this a sign I’m targeted to be laid off?

Any insights?

from WSJ Champagne flowed outside of the high-rise corner office of Wells Fargo. Chief Executive Charlie Scharf on Tuesday after regulators lifted a yearslong penalty that restricted the bank’s growth. The suggestion for the C-suite celebration... — read more 

This $2k “special award” is just a flex by the Executives to remind us what peons we are and management reminding us to stay in our lane. Here is what I mean…ok, this $2k award is for the 6 years of listening to the top brass b-itch and moan about... — read more 

The phrase it’s “industry standard” has been heard by me in two instances. The first example was when I was told I needed to take two consecutive weeks off so that Wells Fargo could monitor if I was doing fraudulent activity. The second example, I... — read more 

you should plan for and love your life as if you will be laid off on the coming months. hold off on any unnecessary PTO, contribute to 401k as much as you can, start saving as much as you can, and most importantly start looking for another job. While... — read more 

"Everyone thinks that I'm this tough, tough person ... but it's been so long in the making, it's impacted so many people so negatively," Scharf said. "All of a sudden, it's like it's all been worth it and everyone's feeling... — read more 

If you ever questioned the cruelty of this leadership just look at this latest announcement. All employees will get a $2000 award for their hard work lifting the asset cap over the past 7 years. AND THAT AWARD WILL NOT VEST UNTIL 2028! Likely long... — read more 

Asset cap BS doesn’t help lol

so stop spreading FAKE NEWS. no more lay offs are happening and everyone is now safe thanks to wf asset cap lifted.

Haven't heard anything about that in a while. The layoffs finally squash it? I was hoping to meet a union member at the water cooler and join. Now that I think of it, I'm not meeting anyone at the water cooler. In fact, I don't even know where... — read more 

That's like twice as much as what Charlie is giving, they used to give more than that in the extra 401k match. Heads up as well BofA has been giving their employees far more every year for the last 8-9 years. Add to that everyone's career here has... — read more 

The headlines are insulting to anyone who has half of a brain. Scharf did not coincidentally “finally get Wells Fargo out of the penalty box” a mere 5 months in to you-know-who’s term. Call it what it is. Fraudulent leaders paving the way for... — read more 

The end of June is approaching and rumor has it that WEC needs to be empty (except for data center and staff) by end of June. Many have been notified that they are affected by Loc Strat in Q2 but also many have heard nothing else. Several were... — read more 

I guess all the insiders knew this was coming (probably since around Jan 20th) and priced it in. Stock is only up around half a percent. Kind of lackluster given the big news of asset cap lifting. Why is that?

Management makes threats about in-office reporting every few months or so but the spreadsheet doesn't track time, only days in office. If you've put in 6 hours, 4 hours, 2 hours and haven't been talked to, you're fine. In my experience employees... — read more 

Must be one he-l of a scene in the exec world. Problem is the average return on the stock over the last 10 years is just over 3%. Congrats lol

I see many posts suggesting that Schart may move on from WF now that the asset cap is lifted. I am skeptical, and think he is likely to stick around. Why? This accomplishment will justify another raise to his already exorbitant salary. He has... — read more 

Will it continue?

How long until the next scandal now that the asset cap is gone.

Now that the Cap is off, WF will probably go after a Credit Card company or a brokerage company. Or maybe join forces with Citi to better compete with BOA and Chase!

Isn’t there goal to get rid of half of us ? Why are they giving money like that ?

Didn’t see @ SEC.gov yet. Specifics would get into employees @ what date, minimum tenure, forfeiture if severed etc.