Looking to see if anyone in conduct management has any insight. They pre-noticed 2 remote folks on March 5- after saying for months it was “years away.” after reading these threads I’m not sure if I should be holding my breath every other Tuesday or... — read more 

Have yall noticed the CEO has not been in a corporate meeting with us since 2021? The last time he was in a meeting with the entire company staff, was after he made the announcement of layoffs back in 2020. The meeting after that, he was being... — read more 

I don't want to work at a place that is driven by fear, gaslighting, and a toxic environment. There isn't a single redeeming quality to WFC anymore. Even the pay is no longer the draw it once was. I would accept a new position for less money... — read more 

Nope! Pay my severance. More than a year. I’ll take my time to be better.

Here’s the reality, expect it no matter what your circumstance is. Location strategy is only one variable. Wave 1 remote folks not in a hub location Wave 2 folks in a office not a go forward location Wave ‘anytime’ where you are remote, non core... — read more 

It’s bad enough that we have to work with low performers who don’t have the same consequences that stateside teams do. But now we are getting blamed for their low performance. That was the last straw for me.

https://www.visualcapitalist.com/which-big-u-s-banks-have-the-most-commercial-real-estate-exposure/

Are you ready?

Was told today my position is impacted by the location strategy and details of the impact will be shared prior to the end of Q2. No other details given. Thank you for the information. I guess I will 'wait and see'. Anyone else get this... — read more 

If you are a senior lead role P5, what is next in the org of employment. The new titles of Executive Director for this role basically is pigeon holding you in this category bc what is the likelihood you could apply to senior manager to maintain this... — read more 

Has anyone negotiated the terms of their severance package? Any success? Charlie wants you gone so it is a win/win

How massive do we expect it to be? Which depts? I am very nervous about it.

Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices... — read more 

Between two jobs if the pay range is similar, but the P1-P5 job level is different - Is that what impacts bonuses/bonus eligibility? Looking thru HR site and it must be buried - can’t find anything.

With all the layoff hysteria going on at WF, does anyone have any insight, at all, what the story is with those in client facing and credit underwriting positions within the Middle Market Bank??? I “assume” this bank still wants to generate... — read more 

Going to be bad across tech, risk and csbb.

ITV leader switching roles, seems fishy.

Hope you all are enjoying BCP call notifications. People who are let go doesn’t have to take that anymore. Automation served at best.

What’s up with all the emails about keyboard and mouse manipulations? Is this the next fear tactic?

Since there's no change in sight and his favorite (or more like only) tool is layoffs, I've decided there's no reason to waste any more of my life here. I know people keep saying that the job market is horrible right now, but I plan to start applying... — read more 

Do you defend your employees from return to office , location strategy and morale ? What does upper management say??

After months of reading posts on this site, I got laid off on Tuesday. I was planning on giving notice after the bonus was deposited into my account in February, but then decided to wait until 3/19 to allow the promised EA reorg to run its course and... — read more 

I just got notified that I have been selected for a one-time cash award. It did not have any further detail on the actual amount. Did anyone else get this, could u share any additional detail?

The point of this post is to provide relief for those who are struggling daily with the constant threat of and impact of layoffs. Your brain is a wonderful machine. It simply cannot increase its potential or be generally satisfied while working at... — read more 

I am going to be fired next week it seems.

With layoff cycles, location strat, people quitting because of RTO or for greener pastures, each one of us is having an increasing amount of workload. Plus, it is all badly organized. I know, this is not new, it’s been happening for years, but it is... — read more 

https://www.swfinstitute.org/news/102344/fidelity-layoffs-coming I think India does not enough space . Probably put the employees in toilets and run three shifts. Who knows ... We go and flip burgers or do something for a loaf of bread.

I got laid off here before. Got paid close to 5 months. Because they under paid me after so many yrs, I found something paying 20% higher in a better location. My stress tanked after that. Don't let mgmt try and stress you.

For more bad news, HR has started advising managers to raise the bar on performance expectations this year. Good luck!

I was threatened a PIP(90 day) during my performance review(unfair IMHO). My manager said they would work with HR to do that. After a month or so, I was put on an informal warning with and action plan(60 day). Can anyone help me understand why it was... — read more 

Be submissive employee.

Can anyone explain the difference between the location strategy waves (beginning in May?) and the layoffs that happen every other Tuesday such as the recent architects? Do these what I guess are resource reduction layoffs consider location? Will... — read more 

There's nothing secret about it. CS has been in the news openly talking about how layoffs are part of his transformation effort. Layoffs are every Tuesday that follows a payday. This is due to timing within the 60-day notice period so your final... — read more 

So at least the whole March will be a bloodbath? All while the workplace is peaking in managerial mess and tension? I predict high morale and productivity in the coming weeks (months?), as well as the reinforcement of the foundations of our physical... — read more 

Does anyone know what the hubs are for Commercial Bank? We recently had a townhall and the executive had no clue what the hubs were for Commercial.

Commercial bank moved to four days a week recently, does anyone know how your location is tracked? For example, would you get dinged if swiped in and then just worked from home the rest of the day? I know they’re tracking badge swipes but would you... — read more 

Anyone else get assigned this? I wonder who sc--wed up to make this required and such a short timeline to do it.

Not sure if everyone is experiencing this, but in my LOB, the micromanagement is becoming off the charts. We are now tracking everything you can sp-t on and the new “risk controls” are paralyzing our ability to do our jobs… this tells me one... — read more 

Managers are preparing layoffs coded as “Magnificent March”. This month high number of RIF will be done in Technology.