My therapist candidly revealed she has a lot of patients who are Wells Fargo employees. Although they work in different areas of the bank, they all have the same issues from the toxic environment.

Tech and outsourcing companies continue to exploit the H-1B visa program at a time of mass layoffsThe top 30 H-1B employers hired 34,000 new H-1B workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023... — read more 

It's always something. Every single day. Layoffs, PIPs, benefit cuts, threats, gaslighting... It's too much for me. I know work is not supposed to be fun, but this has reached the opposite extreme. In fact, I think that I'm ready to leave the... — read more 

https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html

What was the reason for reassigning business groups under David Owen?

Can you be considered for a bonus if you retire?

If you choose to do the survey, remember it's confidential. It's not anonymous. Confidential: intended to be kept secret (in this case by an unknown person or group of people) Anonymous: not able to be identified by name

What happens if someone is laid off during a medical leave? Do they still qualify for severance?

Wells Fargo is shedding hundreds of jobs in recent rounds of layoffs around the country and more are expected. https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html

It's the next one we should be worried about?

Now everyone is a non descript SOSS again….yay

I am hearing that HR is reviewing all medical accommodations for remote work and if you don’t agree to come in at least one day a week it has to be approved by sr leaders and if they don’t approve and you don’t RTO you will be terminated. Wouldn’t... — read more 

I’ve had a really bad manager for a while. Type that breathes down the neck, micromanages and is an insanely unpleasant and arrogant person. Always an obstacle, never assistance. All he manages to achieve is to interfere with our focus and reduce our... — read more 

Ready for that?

With my team here getting cut I have more and more work to get done. Now I’ve been told to involve the India people more. I can do one or the other but not both. I can do it with my remaining US team and know it will be okay. Or I can give it to... — read more 

https://franknez.com/wells-fargo-is-now-under-federal-investigation/

She wants to have a deep cut by end of Q3 (October).

I have been reassigned to a new boss who doesn’t like me and I don’t like either. Feel like he is enough of an awful person that he may give a bad review even after all the hard work I do. I am actively looking for other jobs both externally and... — read more 

What is the current work environment like in IA and what is the RTO enforcement like? I imagine it's like most areas of the bank these days, where people are overloaded with work, but curious if some teams are worse than others in that regard. How... — read more 

What are those random 4-5 digit numbers in outlook under “memberships?”

I haven’t heard results from last year’s one. I guess, it was so great that we don’t meed to talk about it at all. Also we were emailed die reports today as well. This time around these reports do not have much of actual data/numbers compare to... — read more 

Anyone work in the gtm group? How is the leadership and culture?

TM sent me a shot of an email from manager stating we are now WFH FT to “align with global operations” any other teams get notified?

That Charlie - he just sells off any business unit he has failed to properly manage. The problem is that he is unable to properly manage any business unit.

It has his business address on the letter if you would like to write to Charles Scharf too.. https://dojmt.gov/attorney-general-knudsen-demands-answers-from-wells-fargo-for-debanking-practices/

Let's defeat this layoff with WFB New Jobs Mortgage Financial Analyst Atlanta, Georgia, United States of America Commercial Portfolio Manager I Richmond, Virginia, United States of America IT Asset Management Specialist I Available in 2 locations ... — read more 

Or has it shrunk over time? I'm mainly wondering if it's possible that it will be reduced again in the future if something like that happened previously.

If you’re a CIB employee at a certain title or above, you’re supposed to give 60 days notice before quitting. Does Wells actually pay such employees for a garden leave for those 60 days? If you choose to go to a competitor with less than 60 days... — read more 

I was recently laid off from Wells and like many others have kept in touch with my colleagues. The workload and expectations before I was cut was absurd. Then they cut about 20% more of the team and more planned next month. It’s now reached a point... — read more 

Wells Fargo Enters into Agreement with Trimont to Sell the Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business Well this is one way to down size. The Bloomberg article scopes how big of a deal this sale is. "Wells... — read more 

The employees on the FST for RCSA how were they chosen? Did the manager give them up for RCSA? Were they delayed from a lay off? Some of these employees are talented & now they are being told they aren’t going back to their old jobs & some aren’t in... — read more 

I apologize for what may be an ignorant question, but can someone explain how COBRA coverage works? My severance ends on 8/23 and so my benefits end at the end of August. I understand I'll be sent COBRA enrollment documents sometime within two... — read more 

Getting incredibly tired of spineless leadership that won't do anything proactively. They sit and do nothing but blow smoke on calls all day until a regulator comes along and asks questions and suddenly it's a fire drill to action! We can have... — read more 

Every cut is not reducing platform knowledge to the point of major code breakage. Thanks Charlie and good luck India.

I was on the application submission page, and noticed that question about being in your current role for 12 months before posting out, is no longer there anymore? Is it no longer required? Anyone from HR/recruiting here know?

Can't do anything right out there in HY, eh?

It said, don't try too hard. It said, there's no reason to try hard unless you enjoy being stressed out. Trying hard in an environment where the C suite takes over 5 years to complete layoffs is not time well spent. Until the layoffs conclude... — read more 

Who actually decides who to pick for layoff. I am talking of performance/efficiency layoff now. Most of the folks I know that are layoff are senior level guys , some managers making the highest money. Not surprising they are also the older... — read more 

In VA-some employees were told they would get their packages in October 2024 but paused it due to 'updating' the compensation package. So, the others that were pushed out before them were lucky enough to have gotten a better package. I guess based on... — read more 

Let's say you are in your 60 day non working notice as an employee during performance review time AND hit the timeframe where you are eligible for bonus. Are you still rated and will you go through year end performance reviews? How do you get alerted... — read more