I am in risk. I polled my team and almost all staff on the overall team including my peers. There is not a single person trying to stay. Everyone is trying to leave. It’s hilarious. That has to be some type of record. Literally everyone... — read more
Top Chef + Wells Fargo
I have been binge watching Top Chef and WF is a sponsor handing out thousands of dollars to these chefs for winning competitions
Chip scam
https://www.the-sun.com/news/12097770/bank-fraud-fbi-warning-wells-fargo-emv-chip-remains/
HealthEquity data breach & BNY Mellon
HealthEquity data breach affects 4.3M people... Happened in March - right after BNY made the change from BenefitsWallet... https://techcrunch.com/2024/07/30/healthequity-data-breach-affects-4-3-million-people/ https://www.healthequity.com/breach — read more
Y'all will love this, you're welcome ;)
https://www.americanbanker.com/news/the-most-powerful-women-in-banking-2023-tracy-kerrins-wells-fargo
Business Execution Job Titles
I am looking for a job internally. I keep seeing job postings for Business Execution Consultant, Business Execution Associate, and Business Execution Administrator. The job descriptions are vague and don't really provide clear information on exactly... — read more
Working vs Non-Working Notice Period: Who decides?
Who determines if a soon-to-be displaced employee is to on working- or non-working-status during their Notice Period? 1st-level manager, manager +1, some coin-flipper in HR?
There has been a long trend and push from the top to “junior-ize” US teams
A manager who manages a team where people on the team have been at WF for longer and keep working on that team will get a worse rating in some metric than another manager who has constant turnover. WF measures managers and orgs by tenure and... — read more
I'm surprised attrition isn't much higher
Considering how many hate working here, I'm shocked that attrition is as low as it is. I'd think that being so unhappy at work would push more people to look for something else. The fact that it's not happening is mind-boggling. I still like my job... — read more
Are Teams phone calls recorded?
My boss and I had a heated conversation over Teams. She made comments alluding to my age and performance, I responded with angry responses. I am wondering if the conversations are actually recorded?
Stay just until you find a better job, and preferably collect severance
Wait for severance only to the extent that you don't find a new gig that's worth moving. Get a new job while you already have one. I have to remind myself of this almost daily, but it's not worth getting upset over things you can't control. Just... — read more
Engineering department crisis
It’s in deep shts now. Shts will hit the fan soon.
Layoffs next Tuesday
What’s the verdict?
PSA: You WILL NOT get rehired if displaced...
At least in IT, you WILL NOT get rehired if displaced... It will never happen... Sure during the displacement meeting they make you feel special and tell you that the roles are posted and they provide the links. Do not be fooled.
What happened to all the unionizing?
There was good momentum with branches unionizing for a bit. And then you completely stopped hearing about it. What happened?
Someone has been sleeping on the job
Wells Fargo faces government probe on anti-money laundering, sanctions
Such honest negativity!!
Why do I want to wait for my severance??? Please remind me again....been with WF for more than 4 yrs but less than 10. Not in hub site, and don't want to relocate to one. 😔😔 (Sigh) I have been looking...and will continue to look...just to be... — read more
Sorry if I’m Captain Obvious here but…
I’d already heard the Tuesday after payday thing before so many times and never really thought into why. Then I was thinking about how many more paychecks I’d get if I got laid off next Tuesday, and I realized why that must be the day… Because of the... — read more
WF Prefers Permanent Asset Cap
So much for Shart and CIB bringing us to the Investment Banking powerhouse or saving the future of the “firm.” https://www.reuters.com/business/finance/wells-fargo-faces-government-probe-anti-money-laundering-sanctions-2024-08-01/
My group is going down!
Any thoughts on this? I’ve got my two up manager on leave now. My one up manager is now on leave and my manager is probably gonna get laid off for location strategy. Any thoughts?
What’s up?
I received a random email from someone in Tech under TK, that said they were sharing a file with me. I hit the phish button even though it looked legit. It didn’t say, “good job” so it was legit. Soo, I clicked the link and it said I had no access to... — read more
Poor rating earners get laid off, those with Meets ratings look out
Based on the bell curve of ratings, if the company lays off a large percentage of the low ratings after mid-year, management will need to replace those poor ratings from the pool of Meets and higher. All this does is create a mandatory downward shift... — read more
Who can view past performance reviews?
If I'm applying for another position internally, can the hiring manager view my performance reviews? And/or if I move to another group, will my new manager be able to view past performance reviews? I'd appreciate any general info on this.
Cops called to the Barnhart Site
Does anyone know why the cops were called to the barnhart site? Police cars were parking infront of building and cops were in the lobby..
How many people got bad reviews undeservedly?
I see more and more people complaining about bad reviews, which they think are unfounded. My impression is that the whole review process is designed to be a cover for layoffs by numbers, and not by quality of work and results. Vast majority of... — read more
Sham Reviews
Several of us on 60 day notice, all 15+ years service, received reviews less than Meets. First time ever. Will this cause any negative impact to severance? Or rehire in the future?
WAVE 2 displacement notifications start second Tuesday in August
WAVE 2 displacement notifications start second Tuesday in August
Sioux Falls, SD Legal Headquarters
Why can’t Sioux Falls, SD be a hub when the legal headquarters is located in SF? https://en.wikipedia.org/wiki/Wells_Fargo
Technology target RIF is 20% in next 6 months
It’s 6000 employees.
Do You Think….?
That now Saul saved Kerrins for what , who knows. But do you think that making her head of consumer tech and Gen AI that he is going to have all that report to him inside Consumer Banking. Hence Products and Tech being tied together? And he can... — read more
Entire BISO Org displaced...
the entire BISO org was just displaced..
Meets is the “new exceeds”? WTF?!
So I’m an a sales position, have consistently exceeded my KPI’s and was given a meets? And told “meets is the new exceeds” and that it is impossible to get above that. Why do we even have a five level scale if the top two are unobtainable? — read more
Wells Fargo Now has 17 Branches Unionized
It’s time we fight back corporate greed and stand up for ourselves. We can use our collective voice to demand better working conditions for ourselves and our co-workers! Charlie Scharf and his cronies are never going to listen to us unless we force... — read more
Technology August 20th Layoffs
The location strategy layoffs tied to RTO is ramping up. August 20th is dday. Expect few hundreds to be slashed. You will thank me later.
Who’s on leave in your group?
It’s weird, everybody’s on leave!
Come on Charlie
You allocated close to 1B for severance for this year, come on and hit that goal!!!!! Don’t let yourself look bad!!!
Tech Location Strategy Wave 2 Q3
Does anyone know the exact date this is scheduled for?
Three paydays in August, I say with Bated breath
I was looking forward in the beginning of 2024 to three paydays in August. It's an awful feeling not knowing what's around the corner. Oh those Tuesdays after payday. 😰 God help us.