Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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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.

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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 

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 

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 

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👍🙏

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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 

chArles

https://www.linkedin.com/news/story/ai-could-circle-the-c-suite-next-6036220/

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 

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 

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??

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