Based on your interactions with management and peers (both virtually and on-site), what does everyone think the percentages are for those who want to be laid off and those who actually see Wells Fargo as a career? Does anyone think that 60 to 70... — read more
May 28th Layoffs
I heard another big wave is coming after labor day.
Pension fund lost due to cloud
UniSuper, an Australian pension fund that manages $135 billion worth of funds and has 647,000 members, had its entire account WIPED OUT at Google Cloud, including all its backups that were stored on the service. How long before this happens in WF. ... — read more
Former Google vice president warns AI will be 'very bad for society'
Former Google vice president warns AI will be 'very bad for society' as it will leave millions of workers jobless - but expects plumbers will be safe from the controversial... — read more
Remove engineering managers immediately
They are creating chaos and instability. They do dirty things to cover their a*s. Remove them once and for all.
Sioux falls SD location
Not sure how many other from sioux falls reads/comments in here... but anyone hear if others (I know some other depth have but not many) are getting laid off before the 2/4 year mark? Everything from managers "its all subject to change." As in before... — read more
FHP and Regulators
Did FHP recently receive a write up from the regulators? Asking for a friend
It’s over, sadly.
Telling the truth to help warning my fellow colleagues. The layoffs name list has confirmed it’s matter of executing layoffs now. Brush up your skills and start looking if you haven’t started. It’s all business.
Job Exodus to India: Economic Challenges
Job Exodus to India: Economic Challenges in US Fewer and fewer jobs are available for US citizens, which affects contributions to the social security system and taxes in this country, thereby burdening retirement benefits. On the other hand, an... — read more
Controls and Risk
What are the pros and cons of merging these two groups. Discuss
Affected MN, CA and NC employees.
Anyone know how massive this layoff was? What departments were hit?
Performance impact on Severence
Displaced long time employee, and was set up for failure recently. Mid-year was Needs Improvement, Year-end was Inconsistently Meets. These are the only two reviews showing in Workday. Should I be worried about my severance?
How difficult it is to get a job at other companies ?
Is it easier to get a job at other companies with your wells fargo experience on your resume ?
Story posted 20 hours ago
https://www.the-sun.com/news/11383930/wells-fargo-account-drained-scam/amp/#amp_tf=From%20%251%24s&aoh=17159447497789&csi=0&referrer=https%3A%2F%2Fwww.google.com
Start putting extra into savings
That way when the writing is on the wall and they ask you to train your Bangalore replacement you can tell them what to do with their job. If 25% of people walk away without training their replacements in IT things will get really bad really fast... — read more
18 hours ago a laid off WF mortgage employee posted this
Mortgage Loan Processor 17h I was laid off from Wells Fargo, NC with 20 yrs experience. Since my layoff, bills got behind and had some negative activity hit my credit report. A recent job offer at another financial institution was rescinded after... — read more
Working here is so tiring
It's not enough we're always overworked to the point of exhaustion, we have to constantly worry over still having a job in the morning. It's one thing to have layoffs once or twice a year, but to have to worry about it every single week is... — read more
These mass layoffs should fix the unionization problem
AMIRITE? See ya later BYE!
CLT: Is every manager above lowest level now required to mention a benefit of RTO at every meeting
Every single meeting larger than our immediate team, management somehow drops an anecdote about how wonderful the donuts are or what a wonderful chance encounter they only could have while at the office.
PTO accruing during 60 day Period
Technically we’re still FTEs during this time period. Do we continue to accrue PTO as well during these 2 mos?
5/16/24, Public news posted 4 hours ago
https://www.investmentnews.com/advisor-moves/news/raymond-james-welcomes-900m-team-from-wells-fargo-253445
The headline of this 4/18/24 Reuters story though. Lol
https://www.reuters.com/breakingviews/wells-fargo-has-worn-its-dunce-cap-long-enough-2024-04-18/
The Wells Fargo Spiral
Wells Fargo is a total snake pit. If you want to protect yourself from lay offs and office politics, read a piece titled The Hatchet Man's Playbook. It's all about the dirty tricks management and unscrupulous co-workers pull to get ahead and how to... — read more
I will be laid off on 5/28, anything I should be prepared for?
I was just told indirectly that I will be displaced on 5/28. Reason being I have least tenure (I joined this position 8 months back) and FTE with WF since 2015. I know the decision is made, but anything I can do to be better prepared ? I am so... — read more
June layoffs is going to be larger
There’s a large layoffs before closing next quarter. Source: My manager
AI really is going to decimate the white collar job market
I just came from an AI presentation and let me tell you, this stuff is real. If you are not producing tangible work products on a daily basis that isn't easily reproducible, then you will likely find yourself along with thousands of others trying to... — read more
Train your replacement
If you were/are an hourly employee required to train your replacement, were you required to work extra hours or adhere to their schedule to do so?
Iowa WARN Notification 05/14/2024
The Iowa WARN notification was just posted from the 5/14/2024 layoff and a total of 24 souls were displaced from the Jordan Creek offices in West Des Moines.
Job market is awful!
Don’t believe the low unemployment numbers people. I’ve been looking for months and it seems impossible to get an offer, for every posting there are like 500 candidates.
Advance Notice?
It seems some people were told in March that they would be included in location strategy wave 1, which seems to have been May 14. I am remote in a non-core location, hoping to get the golden ticket. Is there a policy of notifying impacted employees... — read more
"Zz" Email address
Yesterday afternoon ~15 long tenure coworkers showed the dreaded "zz" email addresses. They were from both small business deposits and digital, some but not all, worked remotely. WF is in a downward spiral cutting loose TOP TALENT to reduce expense... — read more
Wtf is employee appreciation week?
Saw this in a managers email today, happening in June.
Are they doing any layoffs in Minneapolis?
I’m not a WF employee but I just got an interview there and would relocate. It sounds like it’s a mess, but is maybe that’s not the case in Minneapolis? Also, how do people like Minneapolis? I would be coming from the west coast. — read more
May 15, 2024 public news article
https://www.newsbreak.com/boca-raton-fl/3441678962704-lawsuit-accuses-wells-fargo-of-aiding-and-abetting-alleged-ponzi-scheme
Winston salem
Heard that winston salem’s getting the boot in july… Is that true?
Bham
So when is Bham set to be laid off?
India & philippines
So who will reps transfer to when customers say they want someone in the US after the layoffs are done?
News article
Appears the bank made a 130mill loan years ago. Finally foreclosing on the green towne center. According to this real estate guy the bank could loose 10's of millions after all is said and done.