You keep playing a series of rounds and you’re eventually finished in the game unless you’re the last standing man or the soldiers. Same here, there’s a layoff round each month, and who knows it’s not your turn? Only CS and his cronies who execute... — read more
Tom Nides; Diplomat and Next CEO?
A new Vice Chairman role has been created. Tom will be a close advisor to Charlie on a range of issues, and is suited for the role as as a former top diplomat, and his financial background. The winds of change are blowing.
Let’s collaborate- Layoff playlist
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Things will get worse before they get better
If you work in banking, I'd recommend exiting the industry as soon as you can. The economy, inflation, and geopolitical environment is not going to be better anytime in future, and banks will continue to squeeze costs and reduce staff. Don't put... — read more
Consider Joining the Union. Hear me out.
Hopefully you are looking for another job, but if you want or need to stay - join the Union. I can’t think of another way to say this: Charlie is Fu----g you over in every way possible: boiling the frog, as they say. Can’t you feel the momentum... — read more
Manager point of view
I want to lay this out because I read a lot of comments here from WF employees and at times I feel that there is some misconceptions about your managers. I have been a manager for a long time with WF. Like most of you, I have also experienced a... — read more
WF employees under CS
Let’s see all of goodies given to us grunt workers since chainsaw joined constant threat of layoffs yearly payout of 401k match or nothing if laid off before 12/15 meets is now the new exceeds RTO - don’t get me started on this subject... — read more
“Officer Titles”?
20th name change without a pay increase in 10 years. Thanks Bei Ling.😂
Is being 'eligible' for severance any guarantee?
If 'displaced'...
Chainsaw go brrrrr, brrr in October
RIP your career 10/12.
October is a good month for layoffs
Brrrrr, brrrr, what's that sound?! Chainsaw Charlie running his Stihl chainsaw. Lots of old wood gonna be cut in October. More staff reductions. I know you fantasize about him retiring but it's not gonna happen.
Why Wells Fargo is the only big bank where workers are trying to unionize
Emily Pe-k, author of Axios Markets For at least a decade, labor organizers have tried to make inroads at the nation's banks, but Wells Fargo is the only big one where workers are actually trying to unionize. Why it matters: Worker efforts trace... — read more
Does Wells Fargo ever admit wrongdoing?
They are always dodgy when paying out Billions for lawsuits. “Wells Fargo denies all allegations.” “Wells Fargo settles without admitting or denying allegations.” “We are happy to finally have this behind us.” Customers want to hear... — read more
Another settlement
Laid off tow years ago (and very happy about it)....the settlement checks keep coming. What do you know about Scorby vs WF? I see something coming in the mail today and was wondering if anyone knows details? Thx
Cloud certification or die!
Anyone have solid info on the cloud certification they are pushing on everyone in tech? If we don't get that certification complete by the EOY are we toast? Thanks for any info
Sorry for those impacted
I am sorry to hear of the layoffs. But take a beat and look for the silver lining…. Sometimes you know you should make a move and for whatever reason you don’t. Some doors NEED to close to get you to move. In the upcoming days look at the big... — read more
SVB next CEO in line.
My prediction is that SVB will become the next CEO in October. Vote up if you agree Vote down if you disagree
**Wells Fargo: Where pay is NOT commiserate with experience and Value**
Imagine a sliding scale for Pay at Wells Fargo: $40K to $24.5M ➡️you➡️➡️➡️➡️➡️➡️➡️➡️➡️CS Now imagine a sliding scale measuring “value* and performance. One would imagine that an executive’s value would increase proportionally with pay... — read more
Layoffs
A lot of what is being reported is inaccurate. Layoffs are part of corporate life. And much is not forecasted. As is here. So don’t panic. Relax.
The bank desperate to fill contract roles (RCSA) - too bad they treated lots of people like C***p
Keep getting desperate emails to fill contract roles for RCSA. Totally qualified to do that. Too bad the middle managers treated everyone like C***p & no-one wants to come back. That's what you get when you hire non banking friends of friends in... — read more
Tech layoffs
Happening.
CS layoffs
Happening
If given a 60 day non working notice
Can we still do benefit elections in open enrollment? I will have about 6 months on severance and was planning on changing my plan this year. Will I still be able to?
Laid off yesterday and feel better already
My nervous system feels like it’s already returning to normal. How quickly I am no longer in a state of fight, flight, or freeze.. is wild. I thought I would be stressed but I feel so good.
Not paid 401k match
It shouldn’t be legal for a company to displace you in November and not have to match 11 months 401k contributions
Mark your calendars
Oct. 3: Bloodbath Oct. 4: Town Hall w/hollow reassurance until the next layoffs (theme: Sorry You Lost Your Besties) Town Hall set in the land of the nice people. What a coincidence. Nice start time, too. Showing blatant disdain for those on West... — read more
Charlie has raised his head outta his hole!
What??? A Town Hall finally in October?? Not that he will have much to say and will probably “uh” and “ah” through the entire thing! I also doubt the audience in Minneapolis will ask any decent questions- if they even have time. The entire fireside... — read more
Broker Recruiting Deals: The next shoe that will drop in the financial industry, pushed to extremes by who else?? Wells Fargo.
Wells Fargo’s Broker Recruiting Deals Can Hit 400%, Sommers Says: https://www.advisorhub.com/wells-fargos-broker-recruiting-deals-can-hit-400-sommers-says/ Broker Recruiting Deals are upfront signing bonuses paid to induce successful Financial... — read more
ICS layoffs...
8 people in CCOG under TH were laid off... an entire team of people that really did nothing but generate a lot of emails and reporting that no one was asking for.
Why Wells Fargo Is Still Trying to Fix Itself
Why Wells Fargo Is Still Trying to Fix Itself A former Wells Fargo executive was recently sentenced for her role in the bank's 2016 fake account scandal. WSJ's Ben Eisen explains why that sentencing isn't the end of this story for Wells Fargo as the... — read more
Will there be more layoffs today?
I hate it when we find out there were layoffs and there is no official info on it whatsoever. I always stress the most on days after that.
Get rid of hubs
Grouping people together like cattle is not working. This whole hub mentality is the d-mbest decision.
Layoffs
Once you are laid off from this sh&tshow you are gone for good. Wells Fargo does not want to retain you, keep you or help you get another position. I was displaced in May after 25 years with mortgage. I have been applying to jobs and have landed... — read more
I miss Saul and his AMA
Who else in Tech misses Saul. I most certainly do. You don't value what you have until you lose it........let me take a sip of my coffee.
schadenfreude
Vague-posting on an anonymous forum is not very brave, yet I need to gloat on a place it can't come back to me. My old boss, who tossed me under the bus when I refused to do something I deemed unethical, took over a huge project that was viewed as... — read more
Consumer technology layoffs
Just came back from a long vacation. Is anyone aware of layoffs here, specifically in cards? Thanks in advance.
I'm this close to hitting my breaking point at work
I have enough savings to be okay for about six months if I quit without having a job lined up. Is it realistic to expect to be able to find something else in that time in this job market? I've been searching already but due to being overwhelmed by... — read more
No Public Statement on Carrie T's Sentence Yet
I guess I'm not shocked that when a former executive at a publicly traded bank impacted thousands of customers and employees, then got away with it with a 6 month at home luxury staycation, that the company whose customers and employees she harmed... — read more
Laid Off in Mpls today.
Laid off in Minneapolis today. REVS Operations COO group. 20+ others laid off in REVS and Collateral Underwriting. I was a disabled remote employee. 8 years of service.