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?
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
What is the average pay for Personal Banker
I have an interview coming up what to expect for the average pay for a personal banker in Florida with 10 years experience.
New Wells Fargo Ad = end your work week on Wednesday!!! Lol
Have you seen the new WF ad where they say you can get your direct deposit 2 days early? Then they have someone in the ad leaving the office on Wednesday as if it’s Friday….. That has been my recent WF experience. People come in for 3-5 hours a day... — read more
Did the bank get hacked
Why the push to change the rsa pin? Has that one for years!
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
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
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.
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
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
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
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over... — read more
What will happen to Control teams?
It seems like we are all mostly useless overhead. Are we all going to be toast? Had anyone heard anything?
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
Wells Fargo Delaware Branch voting to Unionize
Wells Fargo branch workers seek union in Wilmington https://delawarebusinesstimes.com/news/wells-fargo-union/
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?
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
What Areas Experience the Highest Level of Layoffs?
Any idea what areas experience the highest number of layoffs over the last 12 months? Surely DEI is a non revenue generating area.
Bonus expectations aka “don’t have any” per management
Basically our group has been told that we shouldn’t expect to get the same bonus this year as in previous years and that the bonus pool was smaller so don’t count on it. Funny how there were all these cost cutting measures and our 4th quarter numbers... — read more
You’re all getting year end performance reviews already?
My review isn’t until two weeks from now and I’ve seen a couple of posts saying they’ve already had theirs. Is this a bad sign?
Non disclosure
Anyone hearing about managers being asked to sign non disclosure agreements within the last month? Something is brewing…….
I wonder what Charlie and the BOD would NOT be willing to do to get the stock price up?
Offshoring American jobs thus selling out their own country, forcing out underpaid employees while paying themselves handsomely, investor protection violations, consumer protection violations, wage and hour violations, benefit plan administrator... — read more
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
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
NewBrunswick NJ location moving ?
is NewBrunswick NJ location staff are moving to Islin location in March 2024?
Timeline for Minneapolis mortgage campus closing?
Nobody tells me anything.
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