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

Scared to share how I know details would out me. However managers with staff being cut got invite today for 3/14 prep communication call with a 3/19 Tuesday Notification call.

Any insight into ECR location strategy?

Immediate manager told us there won’t be a location strategy for our group. Layoffs will continue to be based on performance and workload. Naturally everyone on my team is kissing a$$ so they don’t get laid off. Anyone else experiencing this? — read more 

Once you have teams and Byof you are pretty much chained to work ..ICs don’t get BYOD…keep saying wifi is bad at home and want to stick to 9-5 schedule ..high performers voluntary put in extra hours…bank culture is definitely changing ..folks who... — read more 

Two filed this week. Two upcoming. Same law firm

Where can someone report the mismanagement of chainsaw? I don't care about displacement but he is going to bring a big problem to wells fargo down the road by just laying off large swaths and replacing with them with starbucks baristas

i was laid off - architecture team managed under EFT. over a 100 impacted on super Tuesday. on wednesday the team was decentralized. back to the days of run it like you own it mindset that got us in regulatory jail. also a new leader announced as... — read more 

Last week, I received the following invitation to a compulsory on-site meeting, following management's repeated engagements with some sort of Agile shaman. You have been invited to: Compulsory On-Site: Continuous Improvement Playback &... — read more 

I know it's not over, but I'm asking specifically about the rest of the week. If I'm not mistaken, the usual layoff days are Tuesday and Wednesday or Wednesday and Thursday, but it rarely lasts longer than two days any given week. Since we've had... — read more 

Let it out. Learn from it. Try to do better. It will get better and you will find a great team. You built plenty of experience that other orgs will value. I hope this makes your day a little brighter and if you read it, thanks.

I just can’t help myself and thinking that with the executives getting bloated and everybody getting laid off that this bank is getting ready for a JPM takeover. Thoughts?

Until we all get the boot to the unemployment line. Banking is getting as bad as retail & fast food, lousy pay, zero job security, bad management & (fill in the blank). Think I’ll Apply to be a Walmart Greeter. This is the way. — read more 

I may actually be satisfied if laid off. Who needs that stress? And it will push me to move on.

If you didnt get at least a 20% pay raise and your boss dumped additional work on you then you are getting shafted. I recommend looking up how to take leave (disability or family medical) or beginning a job search someplace else out of this... — read more 

Relocating small offices and remote works will make things more toxic for those that remain. The business will suffer and India will not be able to replace seasoned US bank workers. Good Luck Charlie.

The company has posted a notice on Iowa's Worker Adjustment and Retraining Notification, or WARN, website that it is cutting 22 employees The announcement, which was effective Tuesday, follows the announcement of 36 layoffs on Feb... — read more 

March til May

Is the rumor true that imaging is going to a 3rd party Iron Mountain?

Looks like May 14th will be a large hit at Wells Fargo. Rumor has it that the notification to workers will be this coming Monday. Zero talk of Severance yet.

Does anyone know when St Louis will be hit?

Has CIB announced their core/specialized locations yet?

Iowa WARN Notification for 3/5/2024 was posted this morning. It shows a total of 22 souls impacted in the Jordan Creek site. So far, a total of 67 team members have been impacted for 2024.

I am from Technology. Severance pay is 2 months + 3 months.

Yesterday I was laid off. I actually am glad this happened because I was ready to quit even without another job - I hated this job and this company that much - the worst in my career. The role and the company were far different than I understood when... — read more 

At least 59 people in Technology(from their notice)...from various locations... do not know the group composition but lot of Analyst, technical lead, and engineers. Heard this is first of many to come... stay tight.

Not just submitting applications to feel out the job market, but actively looking for something else. Unless you're a masochist and enjoy being treated like cr-p and mentally tortured all the time. Because those are the only people who can still be... — read more 

Does location strategy not apply to them?

What's is the criteria for offering severance vs not? Will a rating of 1 in the yearly review disqualify you from severance? ( No PIP)

Do we know of any hits so far today?

Group has had lots of departures in the last couple of weeks. We’ve had some people just let go with no severance some people let go with severance due to job type, such as technology and some people let go due to relocation strategy. Seems like... — read more 

Any word on the downtown Greensboro NC office/tower? anything going on there? anyone left?

An unscientific poll... I'd jump for about 20%. How about you...

Anyone heard about the Covina office? Everyone laid off in conduct management.

More suits for Wellsfargo

Anyone else have their life completely destroyed because of Charlie playing with our medical plans. I had my meds changed and its caused my life to turn upside down. I've had to take tons of time off finding new doctors, having my medicines changed... — read more 

In a few of the town halls, I heard comments about manager requested co-location exceptions. Can any manager comment on whether upper management is actually considering these realistically or is that pretty much not going to happen?

Layoffs have been a regular occurrence and constant threat since 2021, with those that remain expected to pick up the slack. Raises and bonuses are pathetic. RTO has been absolutely miserable and waste of time. Jobs are constantly outsourced to... — read more 

Other dates in March are rumored as well. How many will be impacted in total, any idea?

Does anyone know if you can collect unemployment after your severance period?