Has anyone heard of layoffs are coming tomorrow?

Do we know more? I’m hearing it will be across the board, but nobody is really sure.

I’m asking because I’d like to find a team here that has good leadership where I can move. After two decades here and reflecting on my experiences, it’s abundantly clear that leadership is the most important factor in my satisfaction, engagement and... — read more 

Right from the agile training in Develop You In agile we value Individuals and interactions over processes and tools working software over comprehensive documentation customer collaberation over contract negotiation responding to change over... — read more 

My manager always includes dings in my otherwise good performance reviews. I'm interviewing for new role and wondering if hiring mgr and recruiter can see my performance review details (not just the Meets ratings). Does anyone know?

Speaking to a person that works in Pacific Northwest saying they have no strategy (?) will remain collecting nice paychecks. Anyone else have insight? just curious

Are executives of this company really that stupid? Offshoring critical knowledge of the bank is not a smart decision, and in fact anti-American. You can see this from a mile away, does not look good... — read more 

Major banks like chase, bqlank of america,truist spend more dollars on technology while wells fargo is more focused on offshoring the jobs rather than investing in domestic tech talent. Have you seen the overall quality of the offshore work in other... — read more 

I've used automation tools I built at other firms years ago to eliminate bottlenecks and allow our teams to shrink while adding more tasks. I had a coder speak directly to the mainframe and, in one instance, close thousands of accounts in minutes... — read more 

Once RCSA phase 2 is done, it’s all going to India. Lots more layoffs to come

Team dynamics. Those of us in “non desirable” locations know it is just a matter of time. We are treated differently, subtle exclusions, comments like, “sorry man” pop up after asking “where are you located?”. My old team has now formed into two... — read more 

Wells Fargo is cutting 80 jobs at its Denver office building, an icon of the city’s skyline. The banking giant is making the move because it’s shutting down its internal audit business at 1700 Lincoln Street, better known to locals as the Cash... — read more 

WF is a broken mess. Layoffs have made teams short handed. Micromanagement has taken over. Your manager has to report what his team has completed each week so it can be put on a PowerPoint deck looking for where more employees can be laid off. So... — read more 

Fix one defect and at least one other system breaks. The quality of work in this place has somehow dropped from how low it was before Charlie's reign of error. How much more incompetence through RIF is WF willing to accept? WF is the Boeing of the... — read more 

I'm in state x but my LOB is in state y. I'm being told I'm customer facing so remote is fine, when I asked a few months ago. I'm not sure I'm fine though really. My broader division has an office in a hub market 40 to 50 miles from me where I... — read more 

I’ve heard talk that the majority of the Southern California Remote Call teams will be displaced by the end of June or First of July. San Antonio will be picking up the collection inquiries and also doing the outbound dialing.

we are hearing more layoffs at 100 fidelity plaza north brunswick location as move out to Islin location in August.. Is that true?

Wells Fargo is allegedly losing $10 million a month… And the card is likely tied to money laundering activities!! Ha!! Leave it to the incompetent leaders at Wells Fargo to let something like this go to market… Where are the angry shareholders now??... — read more 

Not doing this on company time, and I know it’s a bit much. I had a lot of time to think about this during the four hours I spent commuting to an empty office building last week. I often think it’s good that this company doesn’t provide healthcare... — read more 

Has anyone here heard of or actually been displaced then pulled back before the working notice period has ended. I actually know of two in my area. Commercial bank.

Hey nerds! STOP SCHEDULING FRIDAY MEETINGS! FRIDAY IS NOT A MEETING DAY! IT'S A WRAP THINGS UP DAY! DON'T BE THAT GEEK! IF YOU SCHEDULED A MEETING FOR TOMORROW, DO THE RIGHT THING AND RESCHEDULE IT. YOU'LL SUFFER BAD KARMA OTHERWISE.

119k applicants impacted by scoring model for home loans and refis https://www.bloomberg.com/news/articles/2024-06-12/wells-fargo-faces-class-action-decision-on-mortgage-racial-disparity-case?utm_source=website&utm_medium=share&utm_campaign=copy

Hey folks that have already gone through the displacement process. Thank God I finally got my call last week. In the documentation packet it gives direction to search on Reference Letter Request in Workday and click on the task. I do so and the... — read more 

How long until layoffs start happening to those on a medical accommodation to work remotely?

Seems to me that WF has adopted a stance where upon learning that a technology / platform / process / practice is being retired the first words out of a team member's mouth is "how do I request an exception?". I've said it myself, many people have... — read more 

Are all open jobs posted externally ? I am a contractor and have been noticing people getting positions that I haven’t seen open on the public site?

I’m not willing to relocate, then lose the job anyway in a short time from now. We have a constant stream of layoffs, and upper mgmt does not inspire trust nor demonstrate any competence. I have no reason to believe that the situation will improve... — read more 

Next Tuesday, June 25th will see a substantial number of people let go. In fact, many have already been told unofficially to plan for it. Especially, those who have been here for over 20 years. That being said, if you are let go because of "location"... — read more 

Started at wells as a contractor and for my job I have to contact multiple people for information. Many of these people do not respond at all or only give incomplete answers and can’t tell me where to go for further information. My manager is on me... — read more 

Non-remote but non-core location team member here. We were told that we would be displaced however I have scheduled surgery and will be off for at least 3 months. Anyone been in my situation and know how this will impact severance? I don’t have much... — read more 

You have no accountability, no substance, no ability, no skill, no common sense, no business sense, no sense whatsoever, no insight, no utility, no value, no clue. Nobody knows what you do. No one needs you. No one will miss you when you go... — read more 

Has anyone received information they are willing to share about the relocation assistance being offered? Being told I'm getting it, but won't know details for several more months. Any insight is helpful.

I just had an interview and the recruiter informed me Wells added a new compensation rule 3 weeks ago that promotions to a new team cap wage increases at 5% and the new pay could be delayed until Jan 2025. Has anyone else heard of this?

They're all still here too.

Wells Fargo Is Losing Millions of Dollars on Its Flashy Rent Credit Card Wall Street Journal

I am nearing the end of my severance. My severance period ends on June 28, but the normal on schedule payday for that period would be 7/5. Do folks that have gone through this know if that last severance check would come on 6/28, off schedule (as was... — read more 

I’ve heard from others at work that this is supposed to be significant date 6/25 for releasing team members? Anyone else know this as well?

Did anyone hear any news about mouse jugglers getting caught? Is anyone worried like I am? I’m literally sh@ting my pants

Any idea what the dates are for wave 2 location strategy lay off

I am thinking about receiving the lump sum. It says it could take up to 60 days to process and that they would not process it until after your 60 nonworking day period. Has anyone had experience with this? Does it take that long to receive a lump... — read more