https://www.benzinga.com/news/24/09/40988851/whats-going-on-with-wells-fargo-wfc-stock
I love the diversity question in the survey
100 Indian folks, 90 answered Wellsfargo diversity is great. In reality, you see Indian folks everywhere in the organization. Great job Wellsfargo!
Survey participation at all time low
Survey participation all time low shows lack of engagement and low motale- leaders have miserably failed!
Silent Sacking
How it works: https://www.youtube.com/watch?v=U6H_oSdUP9I&t=977s F SHART F RTO F HUDSON YARDS F SP F HR WTF
Agree or disagree?
Unless you “physically” have to touch a customer and/or product, you should be working from home… Do you agree😱
Life after Layoff
My Spidey Sense is telling me they are getting ready to cut me (after 12 years) along with several of my peers as automation is beginning to eat many of the tasks we used to perform. I'm 56 and made pretty good money over the years. Also pretty... — read more
Overtime is one of the ways company exercise full control over us
It’s just another way to su-k us so deep into work that we lose sight of our own lives. Corporate culture is like a fu--ing cult. Everything is there - fear, anxiety, being overworked so you can’t think straight. They even still try to sell you... — read more
Would your immediate manager know about layoffs?
Even though you are going above and beyond to get things done, there is no job security and layoff anxiety lingers. Would you talk about it with your manager or director about it or just stfu, work and go home ?.
Barnhart update
Upper mgmt comes in to say of tentative layoff date not until midyear 2025. Meanwhile Barnhart Housekeeping mentions of a new company scheduled to start first of the year. Which is accurate and how will this play out? Any insights is appreciated... — read more
Laid off 43 plus years!
I was displaced at age 65 after working for WF for 43 years 5 months. I worked an average of 60 hours a week as an exempt employee. My projects and reports were always on time and I rarely used sick time. I was the employee asked to assist my peers... — read more
Mike Benjamin to retire
Has lead retail core operations since 2015. Bye Felicia! 👋
Statement on Recent Loss of Wells Fargo Co-Worker Denise Prudhomme
You don’t have to be pro- union to support this statement from The Committee for Better Banks. Some excellent points. The recent loss of our co-worker Denise Prudhomme in Tempe, Arizona is only the most tragic example of Wells Fargo's giving lip... — read more
Stacked Ranking
How many managers here are being instructed to stack rank your team and choose to do it out of fear of losing your job?
WFA monthly statements put it all out there for thieves
An older relative asked me a good question this weekend, “Why doesn’t Wells Fargo Advisors redact part of the customer account # on their monthly account statements which are mailed out, like credit card companies do?” I asked to see one of his... — read more
Post your AGE when layoff occurred
Me: No call yet but going on 50
X days since the last layoff round
Should every team put up a sign that says "It's been X days since the last layoff round" and see how many times per year or even month it gets reset to zero? If it was company-wide, we would rarely get above 7 days, but since it's per team, we might... — read more
October Surprise
Layoff surge expected
When will location strategy fail?
It is abundantly clear that location strategy is nothing more than a poorly disguised plan to fire employees for arbitrary reasons. You want to consolidate real estate? Ok, that’s fair enough, but there are better ways to go about doing that. In my... — read more
HCL saturation and selective hiring
HCL the worst of vendors has a foothold in the company, former HCL members have been hiring all their friends excluding and bullying internal talent and questions about HCL performance. If I am a regulator I would look hard at the HCL relationship... — read more
Anonymous internal complaints - “Location” of complaints shared
No surprise that anonymous complaints have enough information shared to create effective witch hunts. Beware
So when did Ohio become part of the location strategy?
Just read this on linkedin https://www.linkedin.com/feed/update/urn:li:activity:7242707332776820736/ Apparently they are hiring. We started the day with a ribbon cutting ceremony for the Wells Fargo Columbus Technology Center that was attended by... — read more
Getting Ready For Layoffs
Here is the list… What did I miss? Buy used Cook at home Drive a used car Exercise outside Cut your own grass Shop at thrift stores Clean your own house Buy toilet paper in bulk Wash your own laundry Get the basic... — read more
Reward Points
I was laid off on Tuesday w/non-working notice. Was locked out of my computer 3 hours before I was told it would happen so didn't get the chance to spend my 50k reward points. Anyone out there have any idea how to redeem them via Teamworks @... — read more
I’m secretly hoping to be laid off
Even more so every Sunday afternoon, when I already start dreading Monday morning.
Wells Fargo demanding I resubmit my already approved medical accommodation
I have a medical accommodation to telecommute that was approved as "ongoing" a couple years ago and now they are demanding that I go through the review process again. I suspect they are already planning to deny a new submission. Do I have any... — read more
Movie Recommendations
Due to my recent layoff, I have had some time to catch up on a few movies. I just watched Shawshank Redemption for about the 5th time. Anyone want to help out a former Wells staffer and possibly suggest a few good movies?
We don’t have to discuss the effectiveness of RTO and reasoning behind it
It’s just an attrition tactic. Nothing more, nothing less. Any other reason, if it exists, has not been decisive. It’s all about getting rid of as many of us as possible without paying for it. As simple as that.
Race for mid October
Once past mid October m you’re eligible for the 401k match due to the 60 day notice period. You can imagine intense pressure to eliminate as many peasants as possible between now and then. Best of luck to you all!
Wells Fargo has been so shady regarding offshoring through the years
2006-2008 “The objective of WFIS has been to establish a source of talent for Technology positions Wells Fargo has been unable to fulfil in the US.” (Lie: Talent doesn’t exist in U.S.) 2012 While refusing to divulge the timing and the number... — read more
How do you say it?
Was told by management that I needed to say non-US persons instead of saying Indian employees or offshore employees. I didnt ask manager but was wondering what's the big deal with using those terms?
PwC Report
Working in the office 5 days a week to build company culture is a myth, PwC report says https://www.msn.com/en-us/money/other/working-in-the-office-5-days-a-week-to-build-company-culture-is-a-myth-pwc-report-says/ar-AA1qU17L
25+ years tenured getting laid-off
Hopefully you have banked 3 Million - 5 Million
Low Corp Risk Employee Survey Participation Rate
Apparently only around 65% have filled it out based on email DF sent out...seems realllllly low. Keep it up folks!! DON'T FILL IT OUT!!!! Anybody know participation rates for other groups yet?
How To Rob a Bank, Buddy Edition
Look for a scandal-ridden bank under a Federal Asset Cap with 2 failed CEOs Observe bank’s incompetent BOD stumble in their efforts for a year to hire any talented banking executive as new CEO Interview for CEO job, pretending to be... — read more
Nintendo CEO once halved his salary to prevent layoffs, and it worked
https://www.cnbc.com/2024/02/13/nintendo-ceo-once-halved-salary-to-prevent-layoffs-why-thats-uncommon.html
Location strategy talk?
In tech, non-core location. There hasn’t been much mention of location strategy related layoffs lately, so are they done for 2024?
CIB Markets COO reorg
Is anyone aware of the recent org change announced where CIB markets COO team will be aligned to John Langleys central COO team ? This sounds like a cost cutting strategy to me. Also if anyone has any input on this team and the future direction that... — read more
Nike jumps on CEO replacement. Investors optimistic.
Glad to see that some BODs do their job.
Embarrassing.
Each Monday, a National Sales call is conducted for WIM/WFA. This past Monday, the head of National Sales participated from what seemed to be his car parked in a garage, using a smartphone positioned at his seat level pointed up to capture his chin... — read more