Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Anyone else working 12-14 hour days

Re org number 4 and moved to a new group with huge project. Not familiar with half the ask. Need to learn most of it but it’s too much in a day so having to work 12-14 hours to just keep the ba--s in the air. Not sure how long I can sustain this on... — read more 

Remember?

Does anyone remember those Jump into January and Fly into July sales goals in branches?

ER Reps

Are the ER (employee relations) reps trained to be jerks?

by
| 1080 views | | 8 replies (last February 8, 2024)
Post ID: @OP+1qYb4DEL

So Capital Markets Leadership Change

So Ranjit Bhattacharjee decided to leave WF to pursue other opportunities. Wonder if it was really his idea. Kinda like getting retired.

by
| 1260 views | | 3 replies (last February 8, 2024)
Post ID: @OP+1qYmy2CY

Late Displaced Employee Bonus and 1095-C Statements

I was displaced but still qualified for a full bonus. Not only did I get steamrolled on it but I didn't get the mailing about it until today, even though I could see it (and SMH in dismay at how astronomically low it was) last Wednesday. My 1095-C... — read more 

by
| 1170 views | | 4 replies (last February 8, 2024)
Post ID: @OP+1qXW4hYU

Reason for layoffs at wells

comparison between wells and chase: In 2023, chase made 49.6 billion with 308k employees where as wells made 18.9 billion with 235k employees. What do you think?

As long as Scharf is in charge, layoffs will not stop

I think it's time we face reality. We need to accept that every new day can and most likely will bring layoffs as long as Scharf is still CEO. If that kind of pressure is not something you can take, it's time to start looking for a new job. That's... — read more 

Damn! Had to go on leave for surgery.

First time in 28 years, I get a sh---y rating and no raise! I had to take 12 weeks off for a major surgery, and it almost ki-led me! I always get exceeds, but I guess my surgery! D-mb.

Rate of layoffs

Remember, the rate of layoffs will begin to take off like a jet plane, beginning with today. So one back pack is all you should need when you head back to your desk after you get the boot, to gather up (backpack) your belongings. Don't be that (__)... — read more 

Roving banker

Good job Wells Fargo on your new roving banker job. Paying nothing while expecting people to rack up hundreds of miles on your personal car for 58 centers per mile. Do you honestly think anyone is d-mb enough to take this job????? Start paying... — read more 

by
| 950 views | | 5 replies (last February 8, 2024)
Post ID: @OP+1qXgHGnw

The Big Lie: Reason for location strategy

Aside from our CEO flatly denying the existence of this strategy during his most recent Town Hall Q&A... Ya' gotta' love the BS reasons given in the email communications re: location strategy. "This move towards a more focused strategy for our work... — read more 

Small (?) layoffs in Commercial Banking announced

Not sure how many total, but just heard of a handful in Commercial (Kiran Vuppu org, to be exact). A co-worker told me a friend of hers was part of the cut, and everyone on their team who was cut got told together in a single meeting.

by
| 2360 views | | 8 replies (last February 9, 2024)
Post ID: @OP+1qWkmzD0

Consumer Lending/CMS location strategy

So some groups (CSBB, WIM, etc.) listed markets as metro areas (technical term) and other didn't, so no one knows where they stand. e.g. Specialty market listed as San Francisco-Oakland-Berkeley. Is it just those cities or is it the metro market... — read more 

by
| 1940 views | | 8 replies (last February 7, 2024)
Post ID: @OP+1qWXzNbI

CSBB Mass Layoffs

Layoffs targeting managers….individual contributors likely next

Feb 6th - Layoffs

I’m from Corporate Risk and multiple layoffs in our area. To be precise, Elyssa Herman’s org- CRRA.

by
| 2270 views | | 2 replies (last February 6, 2024)
Post ID: @OP+1qWC3udX

Shockingly Quiet today….

Maybe they aren’t making cuts on Tuesdays this month to throw us off. Charlie you’re so silly!

by
| 1510 views | | 5 replies (last February 7, 2024)
Post ID: @OP+1qWzHfps

St. Louis WFA 2/6/24 Layoff Thread

Lots of chatter lately, online and in the workplace, that the grim reaper might be visiting St. Louis today with pink slips in hand. I thought it would be a good idea to have a thread dedicated to this location. As the day unfolds, please post... — read more 

Here's yer sign?

I am still 100% remote because I do not live near an office option. I received no merit increase. I know of another who also doesn't fit the R.T.O model and received no merit. I can't help seeing this as a sign I will be getting walking papers. My... — read more 

Core Markets Location Strategy...

Functions across company are implementing location strategy. Consolidating employees in core markets by 2027. First wave: August 2024 Second wave: Q3 2025 Third wave: 2026 People in non-core markets: market-based exception, relocation (company... — read more 

PSA to the id--ts in the office

Use your headset so we don’t have to hear your teams alerts going off all the time and your meetings on speaker If you need to take a long personal call use a phone room or stairwell For flex cubers, don’t leave your personal belongings... — read more 

Delaney

Anyone have John Delaney coming to their site this month?

by
| 2440 views | | 9 replies (last February 7, 2024)
Post ID: @OP+1qVybR7W

Corporate Risk

Watch out for Tuesday if you fall under the corporate risk umbrella. Big cuts are headed that way including low level managers.

What's my moral obligation to this place

They've given me a 1% wage increase every year for like the last 4 years. Inflation has been much higher than that. To me that's a clear signal that they don't value me any longer, my area has about 80% Indians now. Do i have a moral obligation in... — read more 

Start a new thread - post a news comment, question or message:

: