Beware

Technology budget this year is significantly reduced by 30%. We will have a tough year. Source: Engineering Manager

Visionary Trustworthy Benevolent Empowering Generous Respectful Honorable Supportive Ethical Multidimensional Communicative Fair Motivational Courageous Innovative Receptive Loyal Appreciative A leader He entered the bank as an egotistical... — read more 

We employ the most incompetent people in HR. Despite going through thousands of layoffs recently, they still have no clue how to manage this process. My function (COO) is in the middle of the worse experience (for both managers and employees) we have... — read more 

Seriously, what happened? I thought we were moving everything out we could to public cloud?

Does that count twice for RTO this week?

Jim Cramer on Wells Fargo & Company (WFC) CEO Charlie Scharf: ‘He’s Terrific’ “Look I love Charlie Scharf [WFC CEO] and he’s terrific. But, when it, Charlie’s got a great national bank. But when it comes to capital markets, there was none better. It... — read more 

We got our reviews but manager said they can’t talk compensation until like the end of the month? Is this true? I don’t remember my old managers doing that. When can they talk about comp and when does it go into affect?

Is JLL taking over CPG?

Any guesses on when St Louis MO will be vacated and left to the dust bin of Wells Fargo history? My gut tells me 3-5 years tops.

Did they announce how much severance the firm is putting aside in 2025, like they did on 2024?

This seems to be dragging on forever.

Good luck on Tuesday and on 2/4, hopefully it’s a small layoff day. It would be nice to see everyone get a bonus and not be clipped on these next two cycles.

It appears we may be headed to the $90s and maybe beyond. How much of this bump in earnings is due to layoffs?

Any openings in CIB MS?

These folks will get fired.

Wells Fargo makes their money by taking advantage of clients. They know exactly what they are doing, hope they won’t get caught and will only change when it is brought to their attention by a regulatory authority. I don’t know how or why this bank... — read more 

We should let Trump know about how many American jobs were lost to offshore I&P. I doubt Trump would be optimistic about chainsaw. https://finance.yahoo.com/news/wells-fargo-ceo-says-trump-002519034.html

Yet another day where I'll only get 1/8 of the work done since I spend 7 of every 8 seconds waiting for Cloud PC to perform the action I told it to, if it even does it. The latency is so bad, half the commands are missed. I have made a bit of a game... — read more 

https://www.pymnts.com/earnings/2025/no-more-risky-business-as-wells-fargo-banks-on-compliance/

Technology LOB hits hard.

To all the survivors that made it another week in the toxicity.

Safest Banks in the U.S. 2025 In order to qualify for our ranking, a bank had to be included on the Financial Stability Board’s 2024 list of global systemically important banks (G-SIBs). This designation identifies those institutions across the world... — read more 

Considering moving to IT&V. What is it like these days?

Send a cold mail to C-level. It helps.

Roughly 10% or 20000 employees will be axed in next 6 months.

The latency is getting unreal. 20 seconds to delete an email. 5-20 seconds of delay scrolling in Service Now. It's getting difficult to be efficient and professional when the platform I'm supposed to work on is anything but.

What was all the hype about? Just to track participation rate more than anything else?

For those who’ve requested it, how long does it typically take to receive your lump sum severance payout after submitting the request? I know the form says it can take up to 60 days but I heard from an old peer who got theirs the following month. Is... — read more 

They exploit us all the time!

If you are going to rob budgets in order to fund 4 billion dollars in stock buybacks, then maybe at the very least you could compensate us with some of those shares. This is our livelihood you are messing with in order to enrich yourselves. How... — read more 

I was moved to a department as part of the workforce share program. I came from a position that didn’t offer a bonus, but since I worked in this new role for at least half of 2024, I was wondering if I might qualify for a bonus, even if it’s only... — read more 

How does folks getting exceed get more in bonus compared to meets or im or ni? Who balances the bonus pool? Can someone explain this in easy to follow language? What happens to the bonus pool if 10% left and weren’t refilled? What happens if 10%... — read more 

Let us try to draft some nice goals for CS- Cut headcount 20k(10%) by end of year Sell off non core commercial real estate Fund stock repurchases increasing by 20% Drive up credit card balances to historical highs stimulating economy Let AI replace... — read more 

Is this the worst idea for a function? Why have a bunch of incompetent id--ts with no knowledge of the business and or common sense. Just because they claim to have a risk or compliance background from BoA or JPM does not mean it is true perhaps... — read more 

F U WELLS

Shouldn’t most of the leaders in tech get IM? I mean TK loses her job and is replaced and saved by SVB but keeps her outrageous salary and is given another role that is way over her head….AI. She is artificial but has little intelligence.

No one knows everything and everyone can be wrong at least once, over the span of 365 daysr. It would be nice if your manager showed some humility, courage, and leadership by example by confessed to it at least once a year.

Can someone from the Control Management team confirm that their leader communicated expectations of 8 hours a day in the office (3 days) and they said it's being monitored by reporting? I'm not from Control Management but someone from CM told me in... — read more