Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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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| 1899 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?

Title Changes

team I am a part of consists of a Manager and previously an Associate Manager. According to what we have been informed, the Associate Manager has supposedly lost their title. Interestingly, a few individuals within our team now hold higher titles... — read more 

Wells Fargo Advisors placing clients at huge risk

This company is the most shameful entity in all of commerce. These slippery folks from JPM who have taken over are the absolute sc-m of the earth. Any FA going there has no care whatsoever for their customers. It’s such a joke

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| 1210 views | | 6 replies (last January 19, 2024)
Post ID: @OP+1qz8VL6R

Bonus Potential After Internal Move

Ooof. I made a lateral internal move last summer. Does my new management look at the previous bonus to determine what my bonus in my new role will be? Now I have gathered that targets by job level are no longer formally used but are they at least... — read more 

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| 1650 views | | 5 replies (last January 16, 2024)
Post ID: @OP+1qzJ2IQ7

Minneapolis / West Des Moines Layoffs?

Does anyone have any insight into potential impact for the downtown Minneapolis locations or the West Des Moines offices? I have several coworkers who are getting increasingly more nervous about the announced severance and layoffs.

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| 2300 views | | 4 replies (last January 14, 2024)
Post ID: @OP+1qzE1iX6

Wells Fargo....Only Bank to:

Have an asset cap in place for at least the next 2 years Have a multitude of consent decrees Have a union When a union gets a foothold, whether in Poland or at Wells Fargo, change is coming. Poland attempted to shut down the Solidarity Union... — read more 

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| 1540 views | | 1 reply (January 14, 2024)
Post ID: @OP+1qz9WvDb

Manager responses

I know there's articles from HR that tell managers how to speak to people on certain sensitive topics such as layoffs. If any of leaders are on here, and you're not disclosing that, you're a sellout to WF, and are a sh---y person.

The incredible risk Wells Advisors gives to clients

The transition team is so completely mismanaged and incompetent they have to use a group of bartenders and misfits from Florida. Make no mistake these id--ts ate paying them gigantic fees to work late with these unlicensed incompetent id--ts to open... — read more 

Union Representation in Baltimore/Washington

Unions have played a large role throughout history, and have led to regime change, especially in Poland. We're seeing the start of union organization at Wells Fargo, but we need to be closer to DC for political influence. That is the reason for some... — read more 

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| 980 views | | 4 replies (last January 16, 2024)
Post ID: @OP+1qyF7jKw

What's Coming in 2024

Expect more unionizing for 2024, which undercuts management's claim that they are engaging employees. Target areas for unionizing should include the Maryland/DC areas, and yes, some of us have reached out to CWA to inquire. Next should be an... — read more 

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| 3810 views | | 5 replies (last February 7, 2024)
Post ID: @OP+1qyTsIGN

Buckle up next week

Hub strategies are finalized. Dates will vary but LOBs will have announcements next week and what the impacts will be. The level of detail will vary by LOB. But expect some immediate impacts and those that aren't immediately impacted will be given... — read more 

969 Million for severance

How many people do we think that is? Also why aren't they smart enough to offer an early voluntary package that's less money but same benefits timeframe

Earnings Call

I missed the Q&A. Was anything said about Asset Cap?

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| 1710 views | | 5 replies (last January 13, 2024)
Post ID: @OP+1qx2X43W

Legacy LTI and current RSR Program when laid off

Do your shares granted under the legacy LTI and current RSR program vest upon being laid off? Or do you still have to wait to get them based on the original vesting schedule (get 1/4 each year for 4 years)?

Wells Fargo’s stock will lag behind Citi’s

Citi is cutting 20,000 jobs over the next three years after reporting a $1.8 billion loss in the fourth quarter, it’s worst performance in 15 years. BUT, they can still grow and strengthen their business. It’s just a matter of sorting out priority... — read more 

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| 990 views | | 4 replies (last January 14, 2024)
Post ID: @OP+1qxQUmZh

Non disclosure

Anyone hearing about managers being asked to sign non disclosure agreements within the last month? Something is brewing…….

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| 2130 views | | 7 replies (last January 13, 2024)
Post ID: @OP+1qxfrpEs

Working for what?

I haven't seen a positive work environment here in about 8 years. It gets worse every day and I don't see it turning around. They will work us to the ground until we are replaced by WF India. I refuse to work extra hours. I'm not giving them anything... — read more 

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| 1150 views | | 7 replies (last January 17, 2024)
Post ID: @OP+1qxRxjhx

Inconsistently Meets performance review

Does this lead to performance improvement plan (PIP) and termination? Can severance be negotiated if terminated? Always had Meets or Exceeds previously and was dinged ONCE after my Meets midyear review, which apparently lead to Inconsistently... — read more 

Daytona Beach Branch Unionized

Congrats! Keep the momentum going! Strength in numbers. The more the branches pull together and unionize, the more power they will have. Better pay! Guaranteed breaks! Better benefits! More staffing!

Office supplies in STL

The corporate properties group just sent out an email regarding office supplies for unassigned seating. There will be very few supply rooms with supplies but then again, with hotel seating, it’s not as if you can store any extra.Let the hunger games... — read more 

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| 1480 views | | 8 replies (last January 12, 2024)
Post ID: @OP+1qw4xJZb

So many sr. mgrs/directors are remote

With so much mgt working remotely -- especially those not in hub location and many in key roles -- is WF really going to lay off ALL of them? We're all wondering about this. Consistent application of arbitrary RTO policy seems insane, but necessary... — read more 

Why is everything broken?

We’ve been made to RTO, yet the facilities in this city are in shambles. At my primary location, roughly half of the turnstiles/gates don’t work. They’ve now positioned a security guard to tell us where to enter/exit. In this same building several of... — read more 

WF's plans don't involve lifting asset cap

Many keep saying CS is failing, but they don't realize the goal/mission shifted and things ARE going according to plan (albeit, taking longer than leadership would like) CS and BOD realized early on that WF won’t be able to appease regulators and... — read more 

What if ?!?!

What if WF employees just quit out of the blue in masses as a planned event (unlikely to happen because everyone has to have a job for something), but what if a huge # of people just quit. What would happen to WF and/or the head of the snake? I'm... — read more 

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