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Work keeps increasing, the number of employees keeps decreasing
How long will it be before we hit a point where it's simply no longer possible to get everything done with the remaining workforce?
4/2 layoffs
Looks like another 650 were termed on April 2nd. That's the second most so far this year that can be confirmed. I'm sure more recent waves are even larger. FHY.
What’s going on in North Carolina?
What’s going on in Winston-Salem? I’m hearing rumblings 🤷🏻🤦🏻♂️🗣️
Reply All
Current reply all snowball situation underway, so funny
New role no pay increase
I got a new internal job in a different department. I went from Eng 4 to Lead Eng 5, but no increase in pay other than the promise during standard year end comp review. Is this normal or am I being short changed?
Self Eval deadline missed in workday
What if you do not meet the deadline for the self eval? I've been looking for corrective actions in the employee handbook and on Reddit and have found none. Are there repercussions? It was an accident, I thought it was due Monday AM. but I've seen... — read more
San Francisco Layoffs Timeline
When will San Francisco complete layoffs?
25 mi. commute to Charlotte, NC from SC
I had a notification in workday to mark my home as ‘primary’. System says 0 days worked there and that field is uneditable. Does anyone have location strategy insight about commuting from one state to the other? Is there an upcoming round of layoffs... — read more
Who are the people in the Employee Application Photo?
Looking at this Well Life Spot for Employee Appreciation Week, are those in the photo employees? If so, I wonder how many of them are getting displaced. I wonder how much these people are paid to look happy. I don't think they're employees. They're... — read more
Mass exodus of talent
Why is nobody worried about this? I'm not referring to cuts but all the people who are tired of the state of Wells Fargo and are leaving for greener pastures. We are losing too many valuable people while the so-called leadership continues to keep... — read more
Oregon Layoffs
Third round and final round of layoffs for Oregon’s Salem and Barnhart Sites? It’s no secret that Wells Fargo is exiting Oregon for all non-customer facing positions. First Layoff took place on 8/22 impacting 229 jobs at Beaverton’s Barnhart Site... — read more
why are the salaries so low ?
Employees make good money at other fortune 500 companies and still get good perks. Why is the pay so low at WF ?
Mixed Emotions
I’ve received 2-3 reminder emails in the last few weeks about Employee Appreciation Week and all the great things Wells is doing for their employees and on the other hand thinking, “Is this the week i’m getting laid off?🤔…anyone else see the irony in... — read more
AI
we can have AI run our CEO👍🙏
I’ve tried my hardest
I am the lowest paid on my team and I do the most in 28 years. I trained myself to code, and I do coding but not getting paid for it. I’m looking for other jobs because I’m not being paid for what I do. It’s pretty much incredulous. Pretty sure... — read more
Brush the horses down and turn the down…
Are there more layoffs?
Anyone in Consumer Lending receive word on waves of location strategy or anything?
I haven’t heard anything in months and I’ve been remote for years. No one on my team or anyone I work with in CL have been laid off, or forced to relocate yet. Anyone else hear anything?
chArles
https://www.linkedin.com/news/story/ai-could-circle-the-c-suite-next-6036220/
Is there any marketing of the WIM businesses? I see a ton of credit card commercials but nothing on anything else
I see JPM wealth commercials but nada from the private bank or brokerage… how this business supposed to grow?
PTO after Layoff Notice Date
How does Wells payout any unused pto after the notice date? Also, what happens if ur in the negative balance on ur pto, are you required to pay that or is that automatically taken out of ur check or severance?
Affluent, Affluent Away!
My branch has become a magnet of complaints from customers who have urgent needs but won't be helped because PBs are overwhelmed--or some just won't care--, and premier bankers won't assist somebody unless they have $250k. There are more premier... — read more
CM as Tech Head
What’s the consensus on CM-digital CIO? Does he have the skills to run all of tech if TK was out or do they need to recruit?
Financial Network is where it’s at
Advisors are bolting at record pace to independent arm of Wells Fargo. Heard they don’t even check compliance there. Our team is leaving next spring. Can’t wait
Just So Sad
Just read an article on a website that had referenced the recent Wells Head of Technology (TK) and Accenture Head and the recent stage discussions. It is so Sad to see TK on stage with people who just run circles around her. I am sure those others... — read more
Charlie is only focused on…
Financial Advisors! Only. At this point, based on news two days ago!
Right? Right? Right? Right? Right?
Hi Upper Midwestern coworkers, Say, we've had this talk before but we need to have it again. Constantly saying the word 'right?' multiple times in the same sentence makes you sound like a sheltered geek. Let's look at an example... Normal... — read more
Major change is coming in Risk
Charlie, board, and regulators are getting impatient with the pace of progress. Company is finally starting to admit asset cap is hurting the bottom line and new risk leadership is needed.
Blueprint for the WF Panopticon
US Patent 10,719,799 JPMC's patent for its Orwellian employee monitoring apparatus. https://ppubs.uspto.gov/dirsearch-public/print/downloadPdf/10719799 Coming to a Wells Fargo Hub near you!
Seems everyone is doing it
https://www.reuters.com/business/finance/jpmorgan-grow-india-headcount-by-5-7-next-few-years-senior-exec-says-2024-05-30/
Why layoffs are being driven by HR
Middle management isnt objective. They can be biased by personalities and team dynamics. Just like JP Morgan who they aspire to be, WF upper management is creating an all powerful employee surveillance state. Decisions will be made on data and not on... — read more
Employee Depreciation Week
That's what it should be called because thats what US employees are to them. Depreciating assets they want to get rid of and substitute with other human assets that will give them a better return. Other "assets" they can accumulate them on the cheap. — read more
TFG fluffers very quiet today
No, this doesn't have to do with layoffs. It has to do with countless colleagues we sit among who lack a moral compass.
CIB Townhall with the new Head/co-head
Did anyone attend the townhall yesterday ? The new x JPM co-head kept talking about how CIB has a lot of potential but did not mention any concrete plans on how they plan to grow the business. More importantly, the entire talk was on growing... — read more
It was bound to happen...
https://finance.yahoo.com/news/wells-fargo-wfc-stock-falls-214514601.html
How I Know Wells Fargo DOESN’T Care..
North Texas employee here out of Irving. We had some horrible storms the other day (Dallas was declared a disaster area) with over half a million people without power as a result. Normally I would expect the company and direct management to reach out... — read more
PTO pre layoff
So I tried scheduling some PTO in workday for December, my manager had to approve it. He said that has never happened before, and that was weird. Has anyone experience this??