Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Multiple LOB Core/Specialty locations

It looks like this is the lay of the land that has been published. Are there other LOBs that have public hub/specialty locations at this point? Technology Core Locations: Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des... — read more 

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| 1450 views | | 6 replies (last February 29, 2024)
Post ID: @OP+1riJlSdq

Privacy Icon

My privacy icon is popping up like crazy today.. every 15-30 minutes, way more than before. Guess I’m destined to be flushed. Pull the trigger Bei!!!!!

is it time to unionize?

I work in a non-core location that has over 500 Wells Fargo employees. The teams I work with are located all over the United States in core and non-core locations. Over my 10+ years, I received outstanding reviews, bonuses, and promotions. With... — read more 

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| 1030 views | | 13 replies (last February 29, 2024)
Post ID: @OP+1riGyVWS

MDP asking to return mobile phones

Forgot to send in the phone —need to go hunting for the work iPhone 6 that I once had.. Are others getting this return notice ???!wonder what they were doing for last 3 years as lob moved to BYOD

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| 780 views | | 6 replies (last February 29, 2024)
Post ID: @OP+1ribqaGg

Video calling

Should Employees (especially remote employees) Be Required to Turn On Cameras during Virtual Meetings? Thoughts??

SDI location strategy

I assume there is a very mechanical rollout call or email that each LOB has to do in order to satisfy any change management or legal requirements. Does anyone know if this has been done for SDI yet? Can't seem to find the formal communication with... — read more 

The Horses 🐎 are out of the barn.

Will there be anymore layoffs? Please Executive Management let us know ASASP, so we can move on with our lives. Time to leave banking.

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| 1450 views | | 14 replies (last February 29, 2024)
Post ID: @OP+1rhPjSs5

Technology Location Strategy Update

The rumored Technology Location Strategy Update hit today, 2/27, as predicted. No surprises on locations. Transition to this strategy “to continue through 2026.” First wave of impacts in Q2. Remote in core/specialty MUST RTO unless “they have an... — read more 

It is official for Technology going forward

Technology Hub Locations Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des Moines, IA Minneapolis, MN New York City Metro, NY/NJ Phoenix/Chandler, AZ San Francisco Bay Area, CA Technology Specialty Market... — read more 

Soooo

If there’s layoffs in Q2, when does that begin. 60 days prior to start of Q2? Hmmmm

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| 1350 views | | 8 replies (last February 28, 2024)
Post ID: @OP+1rhfWWe4

Location strategy just causes more chaos and grief

I wonder what will be the net loss from disruption in workflow, incompetent mgmt incapable of putting teams together and organizing work, lack of clarity and mismanagement of RTO, reorg with so many layoffs, etc. Cost-cutting may end up being a... — read more 

ECMP DOWN AGAIN !!!

ECMP down again and leadership still expects certain deadlines to be met smh

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| 910 views | | 4 replies (last February 28, 2024)
Post ID: @OP+1rhFYzcM

Doug Braunstein - Vice Chairman

So if Charlie needed to hire a new position, Vice Chairman, reporting to him, does that mean Charlie is admitting he cannot do the job? Is he asking the board to cut his pay? I must have missed that job positing on the web site. I wonder how many... — read more 

RTO conflicting messaging

First they want us back in the office in the spirit of ‘collaboration’. Now the message is ‘ limit your time in shared spaces.’ Sit at your desk with your headset on, but you can’t just do that anywhere. SMH.

Credit card underwriting

Laid off mortgage underwriter here. I noticed a posting for a credit card underwriter. Anyone have any experience working in this department? Seems more stable than mortgage.

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| 900 views | | 5 replies (last February 27, 2024)
Post ID: @OP+1rhpPrnn

Waiting for package

I find myself dreaming of getting the package so many disdain… literally hope for it daily. Anyone else?

PTO/ assigned location

How does PTO count towards assigned location? I know it counts as in office but how is it used to calculate adherence to the 50% assigned location? Or is Assigned location only calculated on the days you go in? Didn’t see this answered before — read more 

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| 1080 views | | 3 replies (last February 28, 2024)
Post ID: @OP+1rgOfYrA

I’m waiting for Wells Fargo to have their “AT&T moment” or their “Boeing moment” to expose Charlie Scharf’s dangerous cost-cutting strategies.

You can’t put all your energy in to cost-cutting, mass layoffs which wipe out years of industry experience and stretch workers thin, efforts to force attrition, offshoring, outsourcing, stock buybacks and hiring quotas which focus more on diversity... — read more 

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| 1480 views | | 7 replies (last February 27, 2024)
Post ID: @OP+1rgnWTUs

40 Mile Distance for RTO

Does anyone know how this is calculated? Google maps? A radius from the office in question?

Lay off Notices

Does Wells Fargo Home Mortgage send out lay off notices via FedEx from North Carolina.

Pto

Anyone else have their boss give them a list of dates they are planning on taking to for the year and "strongly suggest" you avoid take PTO during that time to ensure the "team" is covered?

Being Watched

Recently, my location tracker (small target in task bar) is always on. Anyone know how they would use that data? Being tee'd up for the next round maybe? I have asked others and no one else I know of has their location tracker on permanently. — read more 

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| 1960 views | | 7 replies (last February 27, 2024)
Post ID: @OP+1rgvfuPn

End of Feb

Last week of the month could be the peak. Blood bath.

Internal Audit Location Strategy!

Does anyone have any information on what the IA location strategy will look like? When will it be announced? What will the hubs be? Will there be any specialty locations? How long will the specialty locations be open if so?

The WF Way

https://www.businessinsider.com/bosses-quiet-firing-staff-avoid-public-backlash-layoffs-2024-2 Unfortunately, this is the way. Why not just lay people off instead of crushing moral. I know they want to reduce severance payouts but they already have... — read more 

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| 1970 views | | 9 replies (last February 26, 2024)
Post ID: @OP+1rfE33db

Some useful advice during layoffs

While it is tailored towards employers, there is quite a bit of useful advice for us as well. “Preparing for Layoffs: L&E Partner Rebecca Bernhard Featured on Bloomberg Law... — read more 

Layoff Disclosure to our next employer?

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

Reason for Termination

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

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| 550 views | | 4 replies (last February 28, 2024)
Post ID: @OP+1re0jZNF

ECMP down?

I heard that ECMP is going to be down Monday and into most of next week.

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| 1490 views | | 3 replies (last February 24, 2024)
Post ID: @OP+1reXJ3xV

CRRA exec gone

Anyone have the inside scoop on Elyssa Herman and her termination

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| 2100 views | | 5 replies (last February 24, 2024)
Post ID: @OP+1rdwp3ha

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