What exactly happened yesterday?
Wells Fargo’s “High-Yield” Savings:
It is highway robbery that big banks are still paying minimal interest rates on the cash left sitting in checking accounts, which most people need to manage everyday expenses Wells pays .10% interest. I read an article in High-Yield Savings... — read more
30 billion share buyback x dividend Nov 3rd
Looks like they spent a little under 2 billion in buybacks this past quarter. Reducing shares outstanding by 44 million. Which seems kinda light when they allocated about 7.5 billion per quarter. X dividend is set for Nov 3rd I see as well announced... — read more
Inquiring about where most of WellsFargo’s layoffs were from
I hope whoever was impacted by layoffs to have better opportunities than Wells Fargo. I am posting here as I am curious what areas were hit the hardest by layoffs and if anyone has knowledge to prep us for our next transition. If you were laid off... — read more
Does 4 hours of PTO count as day in office?
Sure this has been asked but couldn't find it
Lateral move
Expecting an offer for internal lateral move. Should I be concerned about the move in 4Q? Thanks.
Wholesale Operations Q4 Town Hall
Anyone else attend this bs waste of time. Really enjoy being told that I&P is the destination and not just part of the team, aka offshoring all our jobs. Along with saying that all our US jobs are low skill and anyone can do them since all we do... — read more
Haven't been at Wells Fargo's office on Hudson Yards since March, 2020.
I miss y'all, and the building. It was fun there. Wish you all the best!
Employee Survey
Anyone hear anything honest about the employee survey results?
Retail Sales Consultant Job
Somehow this position continues on even though these people do nothing and are over paid. How does Wells Fargo cut jobs where people actually work? Our RSC never goes in the office. Never visits a branch. Is never available by phone or email to... — read more
wonderful day on the office
It was great coming into the office today. had some great conversations, got some work done, then headed home. will probably come in 5 days this week just because.
Internal Candidates (This Topic Again)
ime to talk about this again. Jobs are down by 60% compared to last year, and it feels like forever since we've had any luck getting a call for an internal gig. What's going on? It's super annoying to see recruiters getting to work from home while... — read more
Youth non-profit in MN missing deposits
https://www.fox9.com/news/youth-aviation-foundation-battling-wells-fargo-over-thousands-in-deposits
Upskilling Thoughts
What transferable skills would you recommend learning or mastering before the inevitable layoff? Ex. Software programs
Uptown's One Wells Fargo goes into receivership after default on $157M loan
The 42-story tower is currently about 48% vacant. The 35-year-old office building's vacancy will grow as Wells Fargo continues to move its employees out.
WF small business account hacked. Owners closes WF account ". . .it's not safe."
WF declines repayment because account owner didn't report fraud in 24 hours. https://www.clickorlando.com/news/investigators/2023/10/23/winter-park-family-discovers-wells-fargo-business-account-hit-by-cyberthieves/
Some senior tech needs to be fired
Most SIT testors are gone...dont tell me they can be replaced with automation. We already learned WF couldnt automate itself out of a cardboard box. No major system enhancements are truly going in successfully because of the people that didnt tell... — read more
Back down below 40 again today, even after eliminating 40K employees.
No matter how many employees Charlie eliminates, he just can’t get the stock price moving in the right direction. 40,000 less employees since Charlie became CEO in 2019, and yet still MORE SELLERS THAN BUYERS. Probably every one of those employees... — read more
Professional Assignment
What exactly does "professional assignment" mean? There's a person in my area who came in with that title a couple of years ago helping with a high-priority project, not unlike many others, but managed to turn that somehow into a senior lead role... — read more
What’s with this CHG freeze?
Tech question. There’s a CHG freeze for all production deployments from last week till Nov. it’s clear that someone broke something. It was enough that Leo scurried away to to find a scapegoat. So what happened? Tech was and is affected. — read more
Hub cities... sound familiar
https://abcnews.go.com/Technology/wireStory/president-joe-biden-naming-tech-hubs-32-states-104216202 The intent here is obvious. And Chainsaw Charlie is just the useful id--t. There is a political push to prop up cities in this country. As much as... — read more
It’s Monday. Who feels like being treated like a human being today? Wells Fargo Workers United
https://betterbanks.org/wfwu We are Wells Fargo employees forming a union to improve our working conditions; making a better Wells Fargo for workers & customers. Proper Staffing We need adequate staffing levels to reduce stress levels, enable... — read more
Who's going to sue us this week?
The government, a former employee, a current employee, a former customer, or a current customer? Or maybe all of the above? Joking aside, it's ridiculous how much money we have to spend on litigation and for paying settlements or fines. How many... — read more
Big Banks? What Big Banks?😂😂😂
Three months? Wonder how much more customers will yank by the end of Q4. Pillars of the economy my a$$.😂😂😂😂 https://dailyhodl.com/2023/10/20/84500000000-exits-jpmorgan-chase-wells-fargo-and-citigroup-in-three-months-as-depositors-take-flight/amp/ — read more
Best tech talent cities per WSJ
WSJ had a story this week listing the best metros for tech talent. Spoiler: None of the top 10 are key WF Tech hubs. Minneapolis is the highest rated. Their new hub in DFW barely makes the list. Charlotte? Nowhere to be found. The U.S. Cities With... — read more
TVC
Can someone explain how pay grades and TVC works? If I have a pay grade of 110, how does that impact my bonus or salary? How do we know the ranges?
Benefit Enrollment for displaced employees
First of all we received no notice even though they say we were mailed out notifications. Second you must call per displacements. Third once done there is no way to get a written confirmation until after Nov 9th and by then it is too late to make... — read more
Severance letter signed but not submitted
Has anyone have any luck where your severance package is honor? Signed the letter within 45 days and realized that it was not submitted on Cisive since I forgot to view one of the documents to do the final submission? Thanks
Does WF Really Care About Mental Health
They talk a lot about it and say they champion and support resources for mental health care , but they leadership has no clue that they / WF is the biggest source of mental health problems for their workers. Now people sadly hold their breaths until... — read more
Manager got laid off. What’s next for me and our team?
Very nervous. It’s review time. No one knows who our next manager will be.
Outsmart RTO
Why don’t we all rto and deplete the resources (coffee, vending machines, supplies, silverware, etc) so that they will mandate a two day in office policy instead. How much does it even cost to fund electricity in this building for a single day... — read more
The (mis)management here is off the charts.
One big scare only so self-important middle management could make themselves look necessary. Yes, they gave us a reasonable justification for it but that doesn't excuse it. This place exists simply to create more work for itself in the name of... — read more
Severance payday?
For those of us whose last non-working day was 10/6, when do we get our next severance paycheck? We got a paycheck on 10/6, nothing today though. Is the next one on 10/27?
Badge readers on garage
Can anyone confirm if the badge reader on the garage count as a badge swipe? Last week I parked in the garage and my manager told me today I didn't meet my in office requirements.
Charlie just can’t keep it up
The stock, that is. SD (stock dysfunction) is a man’s inability to get it up or keep it up long enough to satisfy his shareholders. Stock dysfunction occurs most often in older men whose outdated approach to leadership no longer works today. ... — read more
An Open Letter to Baby Boomers Over 65 Working at the Bank
If you're over 62.5 and still clocking in every day while your partner enjoys retirement, it's time for some reflection. Is this job truly serving you, or is it merely a "retirement job" that you're holding onto? We've all heard the complaints, yet... — read more
CNBC article - not ONE mention of astronomical CEO compensation
https://www.cnbc.com/2023/10/19/big-banks-cut-thousands-of-jobs-more-layoffs-coming.html Banks saying people aren't job hopping, so they aren't seeing natural attrition and need layoffs. What a load of BS -- everyone knows banking is incestuous, so... — read more
I hate this fu--ing place
Just lay me off already. Can someone PLEASE start a class action lawsuit and include me? Fu-k this job.