I'm not really a "Union" person, per se, but I wholeheartdly support them and their unionization effort simply because Charlie and the board DON'T want it. So for that, I am 200% on board and I hope to god that they are successful.
Risk Town Hall
Half the Town Hall was DF telling us what he's reading and what his Christmas plans are. Loved his response to the question on employees being disengaged, sounds like he'll address it with performance improvement, because nothing like fear of being... — read more
US Shift Work Being Discussed
The possibility of US shift work to better align with India is getting discussion at Hudson Yards. I can't wait for this.
If WF prioritized HR
Productivity will go up, increasing shareholder value Innovation would happen more frequently, increasing shareholder value Employees will know their value to WF and vice versa (to bolster the next point) Headcount add/removes can happen in... — read more
I left.
I left Wells Fargo after nearly 10 grueling years. I’d worked in multiple areas of the company and had always been fearing that my role would be eliminated. This company truly gets worse every day. Ethics are non-existent and leadership strives to... — read more
Bad Review
I got a mid-year review, after I filed for a short-term disability for a major surgery. I don’t care my health is more important but it hurts after going beyond and above to learning major coding, which really isn’t in my job description but I... — read more
"More aggressive" job cuts
Does that mean that what we've been having for the past several years is considered to be mild? Are you kidding me? Chainsaw is truly an appropriate nickname for Charlie.
Can you volunteer to get laid off with severance?
Is that even a thing ? If yes, I would volunteer tomorrow.
Listen to Charlie Cr-p on Unions in front of Congress
This is our “leader” https://www.reddit.com/r/WellsFargoUnited/s/RjtSeKV63c
Hey Charlie
Maybe instead of cutting costs and shipping everything to India. Grow the business, grow the product offerings, increase the customer experience. Shipping your laundry overseas only will work for so long. Then it will be culling time.
Becoming simply stronger: We’re making Wells Fargo work better for you!
by setting aside 750 million dollars to lay you off next year
When I worked at Wells, I felt like a burden employee
Got laid off there in 2021. How many times did we hear leadership say, Look. There're just way too many people working here. We're bloated ". I had just joined. Why did you waste my time hiring me, if you were bloated?
Low attrition leads to higher severance expense
https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html
60 day notice
Is the 60 day notice a legal requirement or is it a WF policy
2020 “a very limited pool of Black talent to recruit from”
Charlie made this comment back in 2020. It’s been 3+ years and what has he done about it? He required 50% diverse candidate slates for hiring manager interviews for nearly every job (prior to Charlie it was just mandated for more senior level IC... — read more
WFH People Near Hubs... Beware...
Starting 2024 WF will start targeting employees who are WFH but who live near hubs. They will be required to RTO. Non compliance will mean voluntary resignation.
Exclusive: A third Wells Fargo branch plans to vote on unionizing
Why it matters: It's the third Wells Fargo branch to move toward union elections — a sign that organizing efforts are gaining steam within the bank, the fourth largest in the country. Wells is the only big bank in the U.S. facing serious... — read more
Wells Fargo neighborhood seating
Do we know if neighborhood seating is just a step for layoffs?
Consumer Lending Town Hall
Non-customer facing employees in a non-core market, out of range to commute to an office 2 days/week.... (Yes, remote)... your job has an expiration date of 2-3 years. Best Kleber could say about those most impacted, "... let's move through your... — read more
Charlie hates your guts!!
You are all just peasants to Hudson Yards!! Too many sheep, gotta squeeze more profits out, by sending thousands more to unemployment line. You all are not quitting fasr enough, just leave now!! Plus Timmy needs his $34 million back pay to make thar... — read more
Stay Put! Good news for those waiting.
https://stocks.apple.com/AleDwyQxlQhmeGIbY-P-MHg
CEO: Wells Fargo may set aside $750M or more for severance costs
https://wraltechwire.com/2023/12/05/ceo-wells-fargo-may-set-aside-750m-or-more-for-severance-costs/ December 5, 2023 RALEIGH – Wells Fargo, which employs thousands of people across North Carolina, is expecting to make layoffs in 2024, its CEO... — read more
Year End Discussion? When?
When are we supposed to have year end discussions with our manager? No one on my team has had one with our manager.
Bonus submissions
How are your bonus submissions looking compared to last year? Flat here.
I am most dissatisfied in roles where my manager has no clue what's going on
Been here 20 years. Held 8-10 roles of progressing responsibility. Managed for about 8 of those 20 years. Had a lot of managers along the way. All the work is generally the same, but the environment from team to team is much different and... — read more
More layoffs coming ?
If severance costs are coming in fourth quarter , does that mean the layoffs have already happened ? https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html
CEO says 50,000 layoffs is not enough, tons more to come
https://news.yahoo.com/more-layoffs-branch-closings-ahead-161053819.html Wells Fargo & Co. has shed almost 50,000 workers under a major cost-cutting effort, but the bank’s leadership says there are more job losses ahead. “This company is not... — read more
Manager Claims Tech Cuts were from Above
Not sure I believe any of this is true, but if my manage says it then it must be true, right?
Counter offer
Just landed a new job with a $15K+ salary bump from my current gig! Gave my two weeks' notice, but now they are hitting me with the guilt trip and a counter... They want me to stick around longer to train the new manager. I've been consistently... — read more
LACK OF TRANSPARENCY!
This whole site is just infinite proof of how Hells Fargo senior management provides their employees with zero transparency regarding the company and how it will negatively impact the employees. They start a war on you way before you even know the... — read more
Nov 28th Post Thanksgiving Tuesday Layoffs
A flurry of layoffs happened in Strategy Digital and Innovation group. Managers Manager set up meeting on Tuesday and let people know that they were given 60 days notice to look for internal positions while they are in LOA status. After than their... — read more
FRTO hard work means nothing
After 20 years of working for this company, helping clients and helping coworkers, please let me go. Loyalty and hard work mean nothing to this company. If you are interviewing for this company, please walk away. Enjoy your lives! Tomorrow’s a new... — read more
Dear Santa....
All I want for Christmas is to get my layoff notice...
As Tim Sloan Sues WF for harassment, abuse, and scapegoating. Tim Sloan and WF was also sued for harassment and scapegoating from fired exec
https://www.thinkadvisor.com/2023/02/02/wells-fargo-hit-with-defamation-suit-over-fake-accounts-scandal/ former Wells Fargo regional president has filed a defamation suit against the bank for “destroying” her reputation, saying it falsely labeled... — read more
Sloan seeks $34 million and damages for emotional distress?!!
You can't make schitt up folks. A guy who was #2 at Wells for 20 or 30 years, claims emotional distress and needs his $34 mil in bonus and stock grants to make ends meet?! Must have missed a yacht payment? The Southern Cal beach house needs a 7... — read more
I finally understand
I used to think people who said they couldn't wait to be laid off were either trolls or not very smart. It took me a while, but I get it now. I didn't want to accept some things before, but now I do. I realized how much time I'm spending working... — read more
notice period and severance.
is it true that the 2 months notice period pay will be deducted from your severance package?
backpacking
When they call my number, I will NOT do the perp walk carrying 2 boxes with a sad face for all to see. EVERYTHING I will take will fit in my backpack. There, done!
preparing for layoff
like many of you, I know the notice could be any day now. given that Wells cut off your access within hours, I wonder if anyone could give suggestions in preparation for such event. one thing someone shared was saving your contacts and any personal... — read more
Former Wells Fargo CEO Tim Sloan Sues WF for Harassment and Emotional Distress and Withholding his Money
https://www.nytimes.com/2023/12/02/business/timothy-sloan-wells-fargo-lawsuit.html A C.E.O. Who Resigned in Scandal Now Wants More Money Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the... — read more