Stop gas lighting women with the "Most Powerful Women" in banking. Laughable that Tracy Kerrins made the cut. To empower women you gotta actually give them the CEO job, not another Jamie Dimon cronie like Shart.
Perception of those who have been laid off...
It's a really tough job market despite the news coverage. Oddly enough, highest profits ever by most F500 companies, yet most are doing a lot of under the radar layoffs. If you have been laid off, hiring managers think you were a low performer. ... — read more
Boise call center closing
They haven't publicly announced it but the whole boise call center location is being closed and most people laid off, only some "eligible for relocation". My partner had a meeting with some higher up lady and was told he wasn't eligible to relocate... — read more
The perception that Wells Fargo will grow its business once the Federal Asset Cap is removed is highly misleading.
Yes - It will be free to ATTEMPT to grow its business beyond the cap, but this executive team doesn’t know anything about growing a customer service business because they don’t know how to treat people. Is Charlie suddenly going to be focused on... — read more
Take this job and shove it
I ain’t working here no more
FYI. Car call
Whomever posted last week about the National Sales call being done from a parked car, kudos to you. Rumor has it the National Sales leader caught flack this week for doing it again. The irony is dripping. Everyone go back to work but I will lead a... — read more
I can’t wait until they disclose the employee survey participation results
How bad can it be?
IAM out and WXPS in
Executives met this week and rumor has it they are extremely dissatisfied with IAM and their utter failure to keep employed any qualified candidates and rely on analyst level people to do high-level engineering work. With the constant fallout and... — read more
Just Quit
Quit my job today Looked my boss in the eye and said "I have FU money so FU, I'm going to start a landscaping, powerwashing, house flipping self storage business and then write and e-book showing others how to do the same!" Can't wait to start... — read more
Wells Fargo Sends Fed a Crucial Review for Lifting Asset Cap
https://finance.yahoo.com/news/wells-fargo-sends-fed-crucial-145426142.html/ What’s the 3rd party? What’s RCSA for then?
Skills under workday profile
Who else can edit those items besides me and my manager? Not sure where those skill items came from, I have not added those.
Third party review
Sounds like some good news for us today and the outlook for removing the asset cap? If you like this, upvote. If you don’t like this, downvote. Always funny to see how many people do t want to see their company do well.
$468 Million
Charles W Scharf has an estimated net worth of $468 Million. This is based on reported shares across multiple companies, which include MICROSOFT CORP, WELLS FARGO & COMPANY/MN, Bank of New York Mellon Corp, ST PAUL TRAVELERS COMPANIES INC, VISA INC.... — read more
Q3 Cyber security Town Hall
Who are all these people? So many new
WARN Notices IA, CO
Des Moines 47 employees, 11-18 Colorado 70 employees, 11-20
I just heard the phrase Constructive Dismissal
Pulled from Wikipedia. Sound familiar? In employment law, constructive dismissal, also called disguised dismissal,[1] constructive discharge or constructive termination, occurs when an employee resigns due to the employer creating a hostile work... — read more
People news article
https://people.com/after-employee-died-at-desk-union-slams-wells-fargo-allegedly-ignoring-her-8718323
Charlie Scharf after the latest wave of cost saving displacements
https://youtu.be/QxRigGcXrrI?si=723LyI2nJThxAa59
40yr old Mark Zuckerberg is worth more than $200,000,000,000
And has a palace in Hawaii while drinks beer while surfing, how's your life going? He could buy the entire Wells Fargo and have 15 Billion plus left over.
Badges in snd out
Hello everybody if you leave during the workkday do it still count as being RTO. for example what if you want some Nashville hot wings and tendies or a Thiccburger with a large fry from Hardee’s or maybe a Crunchwrap Supreme™️ from Taco Bell along... — read more
Corporate elites want to have it both ways
They don’t want workers. Especially pesky RTO ones. Well, they do want workers, but from some other planet where they haven’t yet heard about the pay in money. But they also want to rent their real estate empires they are in debt for. It would... — read more
CCIBT Leader brags about offshore
During a segment of an all-hands CCIBT call imploring her thousands to complete the survey, Berwick brags how the offshore component of her team is beating the rest of her team in participation rate. Mind-boggling clueless.
CIB Markets new hires
The team seems to be hiring a slew of senior folks promising to change CIB markets ranging from technology to legal and risk and controls, along with announcing a lot of reorg. Is this business even capable of adapting to modern markets and... — read more
Anyone wait to sign displacement agreement
I was displaced last Tuesday with a handful of my teammates and am pondering waiting to sign the agreement. From what I've read, I don't see any issue on putting this off until the 40th day (we have 45 days to sign for severance). Am I missing... — read more
ICP
I don’t refer to it as Internal Control Program, they will always be Insane Clown Posse to me. It still fits perfectly.
Laid off after 6 years at WF
I was laid off from my M3 position in October of last year after six years of service. As I am in my mid-40s, I am currently facing challenges in securing a new job. I submit applications for at least five to ten positions daily, but I have not yet... — read more
Charlie Scharf, on a Redefining Leadership Podcast 🙄
“I actually am a firm believer that you do have to define who your friends are, who your partners are, and who your business enemies are. I don't mean that nastily, I just mean, you know, who are your real competitors that you've got to be fighting... — read more
Gen Z New Hires Being Fired at Record Pace
Six in ten employers had already fired some college graduates they had recruited earlier in the year, a survey conducted by Intelligent.com found. One in seven the employers said they also might not hire fresh college grads next year after finding a... — read more
Audit
Why does audit run from the big issues but embrace the tiny easy fixes? We need people in audit that understand the bank and how we manage risk. We have too many people learning on the job at all levels. Same goes for ITV and EBCE. Minimal value... — read more
$250k is the new $100k
Just noticing
Negotiating severance?
Layoff WF Fam, First off, thank you for the all contributors on this site for their insight and support. You guys make the slog more tolerable. A long time ago, I read a blog about a guy (financial samurai) who used to work in finance that was... — read more
Build connections while you still can
If you're thinking about leaving Wells Fargo but are unsure how to start, networking is the way to go. Get in touch with people now so you're on their radar. Trust me, you'll have much better luck when you're already in contact than if you reach out... — read more
Outlook invites for survey...
So besides the multiple daily reminders, I now have a 15 minute mtg on my calendar to take the survey... what is the deal? I just took on 4x the work. I'm busy earning chuckles bonus over here can't you just leave me be? This feels like harassment... — read more
Town Halls
They present a remarkably predictable spectacle of a farce. They dedicate 40 minutes to mutual commendation of those on the panel with the leader, followed by 10 minutes highlighting their so called accomplishments, and conclude with 5 minutes of... — read more
NOV 26 - "SUPER" WAVE LAYOFF
Straight from an HR snitch. A ginormous layoff right before Thanksgiving. The reasoning for that timing is to have the worse possible effect on morale. And thereby induce more voluntary resignations and save on precious severance costs.
OCT 1 LAYOFF WILL BE MASSIVE
According to my sources, Oct 1 layoff will be huge across all LOB - It will be the last major one until next year
The Elite's War on Remote Work Has Nothing to Do with Productivity
https://www.the-sentinel-intelligence.com/p/heres-why-they-want-you-back-at-the-office-so-bad There's an office real estate apocalypse unfolding. Corporate landlords currently hold $1.2 trillion in loans on office towers all over the country Now... — read more
Sept 24 layoffs
Who got the call today? Location? Department?