I’m pretty certain my days are numbered here due to location strategy. I’m curious as to what others have done with their 401k accounts. Did you just leave it with empower? Is there a better way to manage it? I’m close to retirement anyway and I... — read more
Reason #666 to Love the Well Life
Job insecurity Harassment and coercion at work Being forced to drive past wells fargo office buildings to get to your assigned office. Be forced pravda all day. Being told the Soviet style work camp in NC and TX are the place to be . Even when your... — read more
Listen Up
Most of the comments here are rubbish rumors. People enjoy making up dates. If you separate from these lies you will soon forget. Coming back to read this rubbish is shocking and almost a joke. Please don’t let the rubbish on this site to impact your... — read more
Tuesday 3/19 Displacement Day Discussion Board
Who was let go today? Group/Location/Title
Totally transparent
I will be totally transparent in my 28 years. This is the most aggressive changes I’ve ever seen. Get a new job if you don’t have a year severance!
Will AI replace software engineering jobs?
https://daily.dev/blog/what-is-devin-the-ai-software-engineer-everyone-is-talking-about
Customer svc
Hello everybody today I called HR to complain about the vending machine being out of skittles and some woman from India put me on hold and made me listen to Kenny G. How you going to put this on hold?
Welcome to the Circus
Just remember all of you folks being laid off due to "location strategy" and or being required to relocate, that your high N mighty CEO took a $20+ million a year job and wouldn't relocate for it, and the Board didn't make him. Munger and Buffet at... — read more
Tuesday 3/19/24
I can hardly wait for tomorrow. Sadly, I don’t believe it will be my group yet but perhaps in the following quarter. Either way, it’s getting exciting because we are getting closer to our release into the wild!
50 wallflowers under Derek Flowers
They grow in dark and mouldy places under Derek. Thousands of our colleagues live to meet their nonsensical policies. Most of them have never worked in the business and have no idea of how the practical world functions. They have built processes that... — read more
Where is our heart-y surprise?
I was promised a heart-y surprise for employee appreciation month. Still waiting for it and feeling less appreciated by the day.
Promoted employees list
If you are not in the list , does it mean you are destined to be laidoff?
Wells Fargo class action: Bank enrolls customers in unwanted insurance, financial products
Who: Plaintiff Winfred Thomas filed a class action lawsuit against Wells Fargo & Company and Wells Fargo Bank NA. Why: Wells Fargo has allegedly enrolled customers in unwanted insurance and financial products without their consent since at least... — read more
Mortgage?
Is Mortgage done with layoffs? Anyone know what the LO comp plan changes look like?
It all seems so wrong
The dismantling of so much to support yet another light in NYC's skyline https://newyorkyimby.com/2024/03/wells-fargo-begins-retail-to-office-conversion-of-20-hudson-yards-in-hudson-yards-manhattan.html
Happy Monday
Have a great week my friends.
Which LOBs or groups still haven’t communicated their location strategy?
The timing between groups is ridiculous
Wells Fargo only cares about the bottom line
I have been with Wells for over 25 years and this entire relocation strategy is just a smoke screen to justify getting rid of a lot of employees without having to pay a severance. If you are slated to either relocate or have to now spend 2-4 hours on... — read more
Enough with fearmongering
Since when did it become expected to have layoffs every Tuesday? Yes, we've been having more cuts than usual but I honestly think that people who keep saying to expect layoffs EVERY Tuesday are exaggerating. I don't know what some people get in their... — read more
Not going to make it
haven’t got over last week’s bruising. now get ready for another week of fight, to survive, don't think I’m gonna hold. Just wanna do an honest job, learn good things, share what I know, earn respect of ones i work with who are worthy of respect... — read more
When is the SEC gonna go after Shart and company for insider trading?
We've all seen the stock ticking up...we know that means a major announcement for the end of 1Q is coming. Likely record layoffs next week. Then shart can report an uptick to the bottom line and a big reduction in costs. His cronies are already... — read more
Why You're Getting a 60 Day Heads Up - WARN ACT
https://www.forbes.com/advisor/personal-finance/what-is-the-warn-act/ What You Need To Know if Your Employer Violates the WARN Act If you’re laid off and didn’t get proper WARN Act notice, you may be entitled to compensation of 60 days at your... — read more
3/19 will be Huge
By all indications Tuesday 3/19 will be a huge layoff day. This gives Charlie a big talking point for the quarter, and the ability to say he is not done yet. This will drive future effeciency gains by prompting more resignations without having to... — read more
Use this time to look for a new job
Too many people wait until they're laid off to start searching. It'll never be easier to find a job than when you have one.
Internal investigations India.
Can you imagine being interviewed on a matter by a person in India or the Philippines? Conduct Management Enterprise Investigation is displacing Investigators. This is going to be the biggest joke. “Best” of luck to you WF. Talk about consent... — read more
What has become of what used to be the most iconic American bank?
I truly and deeply grieve for the loss of the company I used to love and spent over two decades of my career supporting. Now I watch in horror as the b̶a̶n̶k̶ "firm" is being rebranded, moved from the pioneering American West to the establishment... — read more
Wells Fargo Advisors is getting ran right into the ground
Removing most operations and dismal estate processing is pi----g off the next generation of investors. The whole Finet unit is a shadow that does no work whatsoever. The leaders are losers and are only out to save their jobs. It’s just a train... — read more
Sol G money-wasting karaoke machine
For Wells Fargo Advisors peeps- how much more of Sol G's obnoxious, weird weekly newsletters where is he traveling the country forcing people to karaoke. This week was Nashville-forcing employees to get on stage and sing karaoke yet again. Next week... — read more
Termination during ongoing allegation process
I opened up an age discrimination allegation against my skip. Do I have any rights if I get terminated or laid off before the case concludes?
Bank of India
You know it, i know, everyone knows it. I walk around the state side offices and it looks like India. Indians packing the place with other Indians. You look at all the posts, India. You look at the 50K+ in India and the thousands of postings... — read more
WARN Database - Wells Fargo
Is this data accurate? Is it not? Work together please. https://docs.google.com/spreadsheets/d/1UDjtd3Rt-0OU-35Ykms6m45VQCLYv6wczwt79PoTZmk/htmlview
Is this a forced recession?
Something tells me these layoffs across the country are meant to force a recession. We thought the economy would cool after COVID and interest rate hikes but that hasn’t worked so let’s just can everyone. It’s no secret that companies want interest... — read more
I'm in Technology
I'm in Technology and my manager pinged me today to discuss my future here at Wells. I was told either next month or the latest in May I will be displaced due to me remote and not near any of the hubs. I'm kinda surprised that I got a heads up... — read more
Casino is coming to HY
Could this be the reason why they’ve invested into HY? https://nypost.com/2024/03/13/us-news/wynn-resorts-unveil-renderings-of-massive-12b-nyc-casino-complex/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons — read more
Today's Top 5 Cities on WF Jobs Board
Top 5 cities with open positions on today's Wells Fargo jobs board: Bengaluru, India (300) Hyderabad, India (266) Charlotte, NC (193) Minneapolis, MN (72) Chennai, India (58) Wonder how many employees in non-core locations were displaced this week. — read more
Super Tuesday
Everyone ready for Super Tuesday? Looks like it's going to be significant. Charlie has got to make an impact for 1st quarter.
Formal Notification
How is everyone getting their formal notifications? I received a pre-notice on March 5th and was told I would receive a formal notification “mid-March.” When should I expect my formal notification and how will it come? Mail, email, phone call, etc?... — read more
Roseville, Ca closing?
Is the Roseville, Ca building being closed? Roseville Park way
California Collections
I heard all California collections gone first week of April.
Heard another consent order is being lifted
Just heard another consent order is going to be lifted shortly. Fantastic work Charlie.