Talk to your coworkers. The first step is straightforward: Talk to your coworkers and find out what they think about the workplace. Find a union and build an organizing committee. A traditional union—sometimes called a trade union or labor... — read more
Location startegy
Do we know if the location strategy cities is LOB specific e.g. CSBB hubs, meaning all orgs within CSBB have the same hub. or if different orgs within the LOB have its own subset from the LOB city list. Thanks.
Charlie’s Corner
Every time time I open Teamworks and see “Should I be liked or respected? Both.” in Charlie’s corner, all I hear in my head is Michael Scott saying “would I rather be feared or loved? Both. I want people to fear how much the love me.” Does Charlie... — read more
Our CEO is no business genius
We are not experiencing exemplary executive leadership here. There is no thinking outside the box, no seeing the big picture, no seeing things differently, no connecting the unconnected, no challenging convention, no looking for new opportunities... — read more
15 Charcteristics of Wells Fargo Executive Management
Lack of Transparency: Hiding critical information erodes trust among employees. Micromanagement: Overbearing supervision stifles creativity and demotivates staff. Poor Communication: Inadequate sharing of goals leads to confusion and... — read more
More banking layoffs
https://sfstandard.com/2023/10/31/san-francisco-bay-area-layoffs-bank-slashes-jobs/ (BMO bought Bank of the West)
New EFT CIO
incoming from Truist forms pov by being influenced by the peers vs listening to the leaders that are inherited quick wins at the expense of reduction in force irrespective of biz impact expect huge cuts
Who got layoffs today ?
Anyone ?
Hudson yards / layoffs
Why is wells laying people off and then buying up additional space in Hudson yards ? Lay people off in low cost areas and then hire in high cost locations ?
Gone for a year- how is Finance LOB?
Long time team member here that was let go last year in the early rounds of HUB location layoffs. I was in the CFO/corporate fp&a LOB. I'm amazed at the level of disfunction described on this board and in the media. How is it in finance these... — read more
Scary Halloween
LOB leads and managers in Billings were displaced today. All on-site LOB were sent to EO without a pay increase.
I guess we’re all going to let Charlie & Co pick us off one by one, huh?
Reuters If you want to understand why the United Auto Workers union has evidently won its strikes against Detroit’s Big Three, it helps to return to the work of a 20th-century economist named Richard Lester. Lester, a longtime Princeton... — read more
So, how about that reorg in CDEP, eh?
CDEP = Consumer Data Engagement Platforms (aka marketing data)
Fake Identity, Fake Resume
There so many folks working on a Fake identity, got hired on Fake/bloated resumes specially in risk and analytics side. Hope those get laid off and hardworking employees remains with the bank.
10/31 layoffs
Dreading tomorrow 🥲 hope there isn’t anymore layoffs in my department
People are getting laidoff. Stop denying it and joking about it.
Some departments are doing pre-notice. Whether it be 2 weeks or longer, while other departments are getting same day 60 non working notice. It's happening and I'm tired of people denying it and making jokes about it. You may think it's not... — read more
Performance Discussions in October?
Has anyone recently begun performance discussions with their manager? It was my understanding that performance discussions for 2023 would not commence until 2024. I received a message from my manager for a performance discussion. I think it is... — read more
CEO, BODs, & CSBB you’ve been warned
Yikes. https://mol.im/a/12688785
Ready for a union yet?
UAW struck a deal with Ford and GM. 30% pay raise over the next 4 years. These people will also retire with a pension on top of their 401. Most/all union holdouts on this board aren't even considering what a union would look like at WF in... — read more
Tomorrow is Halloween 🎃
What do you think Charlie is most afraid of?😱 https://betterbanks.org/wfwu Wells Fargo Workers United We are Wells Fargo employees forming a union to improve our working conditions; making a better Wells Fargo for workers & customers. Proper... — read more
Leadership call Thursday at 4
In the retail bank with the district managers. Assuming this is for more than just one district does anyone know what’s going on??
Brokering peace in the Middle East is easier than working for Wells Fargo (that should tell you something)🙄
Looks like Tom Nides only lasted in his roll for less than two months. https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-27-2023/card/wells-fargo-vice-chairman-tom-nides-leaves-after-one-month-to-focus-on-israel-NC7TUG0GIGrHYVrXeLD6 — read more
Question to those displaced and would like mgr reference
Has anyone who was laid off received a reference from their mgr. for new job outside WF? Or has mgr. seemed reluctant to be a reference? Day I received layoff call from mgr. I asked if he would be a reference...gave some BS word salad rant... — read more
Halloween Oct 31 Tuesday Cuts
Over or under being the biggest day in cuts of the year?
Cure for Toxic Workplaces: Workplace Bullying Institute-WBI
Look up on Youtube: Cure for Toxic Workplaces: WBI by The Workplace Bullying Institute-WBI. It describes life here to a tee.
Bonus Eligible?
So a displaced employee I let go in August with the 60 day period, was on the payroll after Sept. 30 so is bonus eligible, not prorated. If I quit this week do I get a bonus? I tried calling HR this week to ask, don't ask how awful that run around... — read more
WTF??
Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role Are you telling me Charlie can’t run this bank without a Public Affairs Consultant?? It was Daley who roped us into donating $60 Million to an... — read more
How long does it take for Wells Fargo to extend an offer after the final interview
Does anyone know how long it normally takes for Wells Fargo to extend an offer after the final interview! What are peoples experience?
Get ready to buy your own laptop
Just like BYOD ushered in taking away corp cell phones (except in CA, of course), VDI and those stations in the office are setting the stage for them taking back corp laptops. They’ll say you can work in the office if you don’t want to buy a laptop... — read more
Bank
Look up your local bank address and read reviews from customers. Most banks rated a 2 of 5 stars. Apparently our customers think very low of the banks. The dress codes if employees is pathetic.
When is comp locked or bonus numbers determined?
Does anyone know when bonus pools are determined for 2023? In addition, when is comp technically locked where your manager can’t adjust it anymore.
Tech outages focus
Oh gee now all the TK direct notes about focus on stability. You think? Can we finally just focus on core tech vs all the garbage distractions with DEI (sorry, TB), RTO, and making India feel included as they take our jobs? If you want stability... — read more
Repeat after me;
It is not my job to make up for the fact that you have eliminated 40,000 employees and there are not enough people to keep this company running properly, and I will not destroy my mind and body to compensate for your mismanagement.
New standard coming soon
It will be announced in the next few weeks that a new standard will be implemented, requiring employees to work in the office for four days a week and mandating their presence at their designated location. Of course there will be individual’s exempt... — read more
WXPS town hall
Seems that Leo got dinged for security violations. Could that be the underlying cause of the hard freeze on change requests we’re experiencing now? Leo’s cheer section insists that WXPS is working immediately followed by David’s report on the WAVE... — read more
Veritas for Issues Management
How y'all liking this new jalopy of a system to replace SHRP IM?
Print issue today? Pink slip is next.
If you tried to print today and got denied and see a pop-up, you were most likely added to a deny print group as you’re on a list for dismissal. Several hundred affected. It’s coming soon!
Unintended consequences of Agile
We hopefully can agree that Agile methodologies originally served to allow software code for products and features (net-new, patching, etc) to deliver to market more expediently. Now that Agile has fully matured and evolved into all facets of... — read more