Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Which Charlotte locations will close?

It's not a secret that the company is trying to whittle things down to just one large admin building / campus per hub. The head of CPG has talked about it on town halls. If that's the case, what's the last building standing in Charlotte? CIC?

P3 salary question

I make around 122k at P3 level living in the midwest, thinking of moving up to p4 level internally, what is the max you can get in salary raise?

Anti-Money Laundering Sanctions and MORE!

https://www.zacks.com/stock/news/2316215/wells-fargo-wfc-faces-anti-money-laundering-sanctions-probe .....But wait!! There's more! Last week, Wells Fargo faced a class action lawsuit alleging that it mismanaged its employee health insurance plan... — read more 

US Social Security

Employees in countries like India do not pay into the U.S. Social Security system.

Overall headcount 227k Q323 to 223k Q224

That’s not a big change. The Q423 severance provision for 2024 layoffs was $750MM up to $1B. Maybe the decrease will be more pronounced by Q424. Does the headcount includes offshore? If so, that means you can’t really correlate the headcount changes... — read more 

tariffs

The government imposes import tariffs on Chinese solar panels and electric cars as a way to protect US manufacturing and supply chains, why don't they start imposing export tariffs on jobs US companies are sending overseas as a way to protect US... — read more 

Credit Cards CCS

Any update on when layoffs could begin for the Credit Card groups (cus service, Collections, overdraft, etc)

Conduct Management Layoffs

47 employees were laid off from Conduct Management, from Investigations Associates, to Senior Investigators and managers. Seasoned employees with decades of experience who have integrity and forced the company to do the right thing... While... — read more 

How much cheaper is it to staff in India?

I know there would be a range due to job type and domestic location. And perhaps whether you’re comparing direct compensation and benefits or more fully loaded. But any real anecdotes about % savings would be informative.

CIB cuts

Were there cuts in CIB this week or the week prior? Either front office or risk/ support ? Seeing a lot more names “ZZed” in outlook recently

Pluralsight

Does anyone know if we still get access to Pluralsight during the 60-day notice period? It would be nice to do some upskilling when I've got a bunch of free time on my hands.

Why not quit?

You know that you're going to get fired. You know that you'll never move up in the company. Your procedures are changing to make you stressed. You don't get paid that much. There are much better jobs out there. Just quit.

BNY

https://www.thelayoff.com/bank-of-new-york-mellon

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P4 or a P5 ? Or No WF ?

I am in Charlotte, NC. I was displaced as a P5. My pay was $155K when I was at the P5. I am currently in my severance. Notice Period ended a couple of weeks back. Severance will end on 11/22. I have been interviewing and was offered a P4 today... — read more 

Layoff reasons aren’t truthful

Risk team of 55 employees, including 10 managers. We were informed that the location strategy and remote positions would be the first to be eliminated. This information proved to be inaccurate, as four individuals who were not working remotely and... — read more 

Rumor: OCC hit ITV

Can anyone confirm the rumor regarding IT&V getting hit by the OCC with an MRA ?

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Massive gaps and risk and controls

Teh company is using a convoluted RCSA project to hide true deficiencies and fraud. Audit and regulators have been sent down RCSA admin rabbit holes. thousands of fake controls have been created to hide problems. Theyre impossible to test let alone... — read more 

Layoff during FMLA

If you are laid off during medical leave/FMLA, does your 60 day notice start immediately or does it start on the day you are scheduled to return from medical leave?

Large group of Locksmith trucks at Barnhart

Yesterday I walked in from lunch and there were 4 trucks and around 10 workers. I overheard one of them bragging how big a job this was going to be but that his bank account didn't mind. Anyone know of they're about to pull the plug?

Two up manager, and one manager on mental break

Does that mean our whole group is going to be laid off and I have mental problems too at this job, should I just go on short-term disability right now, like them? What is Strategy because we’re all mentally struggling right now at this company. If... — read more 

8/6 Tuesday

Which Department(s) are on the 8/6 list?

August Location Strategy

I'm trying to get some clarity on what the location strategy is for August. Has anyone heard specific details about the following? Is there a confirmed 4-day return to office mandate? Are there any planned hub closures? Is there any news... — read more 

Remote Case

https://www.hrdive.com/news/work-from-home-ADA-accommodation/722691/

Remote

How many employees are still remote? Are they doing a review of remote status across the org to try and get more people back in the office?

This is just the start of the sh-tshow

I really want to leave this sick place, I just don’t know where to go. I’ve been trying to find another job for a while. Level of my skills and the extent of exp is now an obstacle, not an advantage. Nobody wants to pay skilled and competent... — read more 

Massive Layoff’s

If you are a company that has laid of hundreds or thousands of people... You should have ZERO jobs advertised. Other than a handful of niche or specialty roles, any open positions could be filled by someone you have laid off. If you need to cut... — read more 

Lack of accountability for leaders

Every bad decision made is their doing but it's always us who pay the price for their mistakes. When will we see some accountability from Charlie and his cohort?

Feds are back

Who has the juicy deets. What did we do this time?

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