Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

I am NOT a commodity!

When WF purchased my former company , we as employees and our contributions were highly valued. But since WF has assumed ownership we’re regarded as little more than commodities that can be purchased more cheaply from the third world. Hey WF…We... — read more 

Location strategy

It’s the oldest trick in the book. We’ve been going at this every year since about 2018. With the increase in hybrid and wfh roles, location strategy is an easy way to shake up your workforce. Management will invoke fear by saying your location... — read more 

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| 1840 views | | 2 replies (last January 20, 2024)
Post ID: @OP+1qFoV2CL

New Grad Hire, already looking for new jobs.

Hey everyone, I appreciate everyone giving their honest opinions of what’s going on. I’m grateful for this job out of college and the people I work with had been nothing but great to me but I now notice the little details in the background. Terrible... — read more 

New titles coming

Here come the new titles. Is this a play to get people to quit?

Location

What does WF use to determine if you are 40+ miles from a hub location? Is it google maps? Another tool? Do they use exact address or city?

Location Strategy

Was the email with a list of approved locations and next steps sent to all CSBB employees or only those impacted?

Brand Recognition

Whenever I see a WF bank branch or the logo out there in the news, I don't feel any connection to the company. It's almost as if the bank operates in a completely separate plane of existence than I do, despite 20+ years of paychecks received. That... — read more 

One more

Wells Fargo branch staff in Daytona Beach vote to unionize Workers at a Wells Fargo branch in Daytona Beach are officially the first to unionize in... — read more 

Hillsboro, Oregon Barnhart hub

Are the employees in the Hillsboro location getting laid off soon? I heard the lease at Barnhart Center was going to be expiring this year but when? And there was no source from what I last saw.

Monitoring Teams?

I know that all Teams messages are saved and they technically can access them at any time, however, just heard that messages are now being actively monitored by management. Can a manager confirm if they are able to read the messages of their direct... — read more 

HR PySoP on LinkedIn

What are the chances HR is using bots and/or making LI accounts using fake WF employee names to try and get current employees or those in a notice-period, to quit and/or forfeit severance. A potential scenario could be this... " Hi, Not a Sheep! .. — read more 

Impossible to do right at WF

You can come in the office or work remote, show up to every meeting, provide emergency help and be a top performer. Yet at the end of the day you and your efforts will be dragged down to whatever the average amounts to across the company. The... — read more 

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| 2080 views | | 9 replies (last January 19, 2024)
Post ID: @OP+1qCw2Wqb

Garden leave?

Hoping someone can help… Director in Consumer Lending planning to give notice after bonus, maybe mid Feb. going to another bank. Colleague and good friend told me about 60-day working or non working garden leave if going to another bank. He said... — read more 

Senior premier banker advice

Hi there! My husband is currently interviewing for a Senior Premier Banker role at WF. He was laid off from Morgan Stanley in November. With all the layoffs happening at WF what is your advice? Would this role be safe do you think? I know we can’t... — read more 

Bonus amount

When can managers discuss the bonus you will get?

ECR

Anyone know the location strategy in ECR under Michelle Adam’s?

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| 1680 views | | 4 replies (last January 17, 2024)
Post ID: @OP+1qCvTAX2

What are you waiting for?

So for the folks who talk about sticking it out and hoping for change. What exactly do you think will need to change? What is the probability of that change occurring and in what time frame? Questions you need to ask yourself. Others need to ask when... — read more 

RSA PIN Change. Probable Breach

Speculation: Leo: I want a list of all PINs not in compliance so I can create a shortlist of people to lay off. EGS: see unencrypted email attachment

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| 2360 views | | 3 replies (last January 17, 2024)
Post ID: @OP+1qCzXzOY

Whenever our CEO says the word “efficiency”, I hear…

“We’re going to F $hit Up to cut expenses.” Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings call that the bank benefited from its continuing focus on F’ng $hit Up and credit discipline. Schatf... — read more 

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| 1280 views | | 4 replies (last January 18, 2024)
Post ID: @OP+1qCYlV06

Bonus $ locked already?

Hope some in management position can provide input on this. Thanks in advance. I need to confirm and start new job in 2 weeks( got lucky in a tough market. Another candidate backed out and I got a short notice to start). if I give notice now, is it... — read more 

What do we have in Raleigh, NC?

Former WF colleague told me that his buddy at WF in Raleigh is quitting. I didn’t know we had anything in Raleigh. Is it a corp. hub for anything? I can’t imagine it being a BG hub.

Saint Louis Campus

I keep hearing rumors that the St.Louis campus will be closed in 2-3 years and jobs moved to Texas. Any merit to that?

Overseas

How will jobs in India affect customer service internally and externally? Won’t the time difference be a problem?

Who will lay me off?

When you are in a non-hub site that you have been told is closing and it has already had multiple layoffs, who will lay me off when it is time? Also note-only a few people in my dept are located in this site. Will it be HR, my manager, my 2up?

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| 1890 views | | 7 replies (last January 16, 2024)
Post ID: @OP+1qAXsmyj

Not just Wells

Apple tells 121 in San Diego move to Austin or face layoff. Decide by end of Feb. opt not to move then termination 4/26

Remote medical exception

I’m hearing conflicting info. Are remote medical exceptions safe from layoff or are all remote workers regardless of exception part of layoffs?

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