Apparently there is not enough money to pay employees, so people keep getting laid off every two weeks. But somehow there is enough for a $40 BILLION share repurchase. And here I was, thinking we were struggling. Make it make sense, please. For... — read more 

Today was my day. I've been preparing since we got the first notification about location strategy so no surprise. It was a good 26 years for the most part. Now I can enjoy having a stress free summer. Tech is being hit hard today. A lot of valuable... — read more 

I filled it out and am ready to hit submit if I get that dreaded meeting notice; Otherwise, I'll wait until later this week.

Woke up, fell out of bed Dragged a comb across my head Found my way downstairs and drank a cup And looking up I noticed I was late Found my coat and grabbed my hat Made the bus in seconds flat Found my way upstairs To a conference call only to find... — read more 

Hold on 1 more month. On June 3rd. Wells Fargo will offer packages to all who voluntarily choose to leave the bank.

Tomorrow big layoffs

From a comment in another post that was: "Yeah location based layoffs are happening this week. Some will get relocation offers and some…won’t." Drumroll for tomorrow - let's see!

April 28 (Reuters) - Wells Fargo (WFC.N) has cleared its twelfth consent order since 2019, the lender said on Monday, moving closer to fixing longstanding regulatory issues that have kept the bank under strict oversight and an asset cap of $1.95... — read more 

Specific Instances: Hillsboro, Oregon: Wells Fargo is closing its call center in Hillsboro and laying off 500 workers. Des Moines, Iowa: Wells Fargo has announced layoffs in the Des Moines metro area, including a recent round of 33 employees in... — read more 

Do they generally have your manager contact you or do they simply send an email? Is it first thing in the morning or do they dribble them out throughout the day? TIA!

A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday. The orders resolve actions the Office of the... — read more 

What do yall think maybe using a months PTO to go to Italy till things calm down . Not answer my phone .

How many layoffs are going to happen in SF.

What happened in credit risk today? Does anybody know?

Charlie and his gang of thugs have set April 29th as the date to inflict the biggest most massive one day layoff yet. In one fell swoop they will eliminate 15% of the domestic workforce in a surprise layoff that will awe the domestic workforce into... — read more 

https://nypost.com/2024/12/20/business/jpmorgan-wells-fargo-bofa-facing-federal-lawsuit-over-zelle-payment-network-fraud/ A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect... — read more 

the employer is not legally required to report it under the WARN Act? Just trying to confirm if that’s why some layoffs don’t appear in WARN r

https://www.businessrecord.com/wells-fargo-bhfo-announce-layoffs/

Has anyone been asked to move yet? Is this just a scare tactic to get people to quit and they won’t actually enforce it fully? I keep getting told I’ll be impacted, but no timeframe or details at all

Anyone aware of specific COO control layoffs for 4/29? More specific Commercial Banking and/or Ops? P.S. I heard tech was effected 😆

You’re not family - you’re a transaction. Your employer might act like they care, but the moment you cost them money, become a PR risk, or even just step on the wrong clause in your 1000-page contract, they’ll drop you without hesitation. Period. You... — read more 

As more work is shuffled off to India with each passing day, I was just notified that they are taking corporate phones away and want us to leverage BYOD. He-l no to that. Let’s cut everything here just so Charlie can get his fat paycheck. — read more 

I follow this board because it used to break real scoops. I found out about the CISOs leaving before it was announced both times. There used to be useful information from people who really did have information so we weren’t caught by surprise. Now... — read more 

Just wondering. Kinda freaking out given the quarterly results. It’s flat for my LOB.

I seem to get a new manager every 4 months. The worst part recently has been getting these people who aren't even managers who pretend they can pull rank and ask that i work over the weekend or do this or that. Then of course there's the dotted... — read more 

Massive layoffs coming soon who all LOB under the CIO. Internal rumor Mill from New York says Charlie nearly had a heart attack when he saw the monthly bill for the cloud that were paying these corporations and so to recover that cost he has ordered... — read more 

This is an actual thing. Someone up the chain, I'm sure getting a hefty paycheck, rolled this effort out in Technology - along with gearing ratios - to find the dead weight. That's the name they went with - Proof of Life. Nobody with any sense could... — read more 

It is time to conclude the G-in-di show. The extensive travel, expenditures for high-level advisory meetings, the constant sales personnel travel on a weekly basis and the insincere motivational emails sent on Fridays have become excessive. The... — read more 

“The H-1B visa program addresses specialty occupation shortages by allowing US employers to temporarily hire foreign workers in fields requiring a bachelor's degree or higher and specialized knowledge.”

Such a joke

The ENTIRE first page of jobs in workday for jobs posted today 4/23/25 is overseas. Go check for yourself. Wells Fargo is a mess!

I wonder how many people will be let go this month at the West End Center in North North Carolina

I’m honestly shocked by how many outdated, out-of-touch engineers are at WF. Some clueless managers even go around calling themselves engineering leaders, and there are engineers inflating their titles to things like ‘Architect’—it’s a joke. WF... — read more 

Toxic company

We had a meeting yesterday with our manager saying we must be in the office "a full day" when we go in. They didn't say how many hours because duh we are all exempt. Are y'all getting the same message from your bosses?

Looking at the latest WARN notice, another 46 employees were notified on 4/15 they are being let go in Des Moines with a 6/1 termination date. For being a “core” site, this is now the 10th round of Des Moines layoffs since September. Does the whole... — read more 

Support or is the decision more often based strictly on job title or role classification?

I accepted a relocation package (relo pack for short) last year and the deadline to relocate is in July. I started planning my move with the third party vendor contracted by Wells they manage relocating services. I have kept my manager up to date on... — read more