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.

Company A, a prominent cut-throat Wall Street firm, acquired Company B. Co A said, in the initial deal, that its intentions were to absorb all 600 of Co B’s employees. Two years later, Co A’s price had fallen by half, so cost-cutting time. Co... — read more 

NY = 90 days notice CA = 75 days notice 9nce bill goes into effect ((original proposal was 90) Any other states greater than 60 days WARN notice or passing bill to do so soon? Reason for ask: The greater the notice period, the sooner WF wants to... — read more 

Bookmark this thread, it’ll be useful. Here is my prediction, it’ll turn out to be 100% true. All of this offshoring to India will boomerang back to Wells Fargo and to our domestic economy. We are handing the keys of the kingdom to a foreign country... — read more 

Wells Fargo keeps struggling to reinvent itself. Starting in 2016, reports started surfacing about millions of fraudulent bank accounts being opened by branch employees, who told authorities they were under intense pressure to boost their sales... — read more 

In June, the CFO warned investors about onetime expenses by the end of the year in terms of severance due to slowing attrition. They will want our last day to be before Dec 15 in order to avoid the 401K match. Wells Fargo notifies employees 60 days... — read more 

14 so far from my group. Been with wells for over a decade. I am a wfh employee due to a disability. All of us that were let go were wfh employees. Not completely unexpected but it’s a kick in the pants for sure.

My sources say massive changes coming to the comp plan (aka those mortgage folks making $2M a year, expect to make a lot less) and further reductions to product, tightening of credit policy, etc. Comp is supposed to roll in a few... — read more 

Laid off today. It wasn’t a surprise and it was as pleasant as these things can be. Does anyone who went through this have any suggestions? I’m trying to hit the ground running and let people know I’m coming available after 60 day non-working WARN... — read more 

many still wondering where Charlie is. My guess is we won't hear from him until the warning call next month, if we hear from him at all. And while I try not to let him occupy too much space in my head, I do find it extremely curious we have not heard... — read more 

He talked our Board in to making him the the highest paid banking CEO in 2020, so that means he is an excellent self- promoter. He makes $24.5 million per year while laying off $20 per hour hard-working employees, so that means he doesn’t let... — read more 

Who is getting canned?

I can’t believe how lost everyone is at the various levels of management. Everyone is sleep walking to get through the day. The people that used to make things happen are either gone or have just given up because the decision makers are no longer... — read more 

https://actionnetwork.org/petitions/big-3-ceo-petition-1?source=standwithuspage Pro-union or anti-union, Charlie - at $24.5M/year - makes 300 times more than his average employee and 600 times more than his lowest-paid employees. **Assuming 40... — read more 

I'm not going to complain. I'm not going to be emotional. I'm going to get things done.

One — a passionate inventor who builds his company from the ground up, creates American jobs and changes the world for the better: e.g. Steve Jobs The other — a lackluster corner-cutting predator who creates a toxic work environment, guts... — read more 

On Friday, Carrie T. a former WF Executive and convicted felon, got sentenced to 120 hours of community service, a peanuts (for her wealth) $100,000 fine, 6 months house confinement in her mansion, and 2 years probation, for wrecking Community Bank... — read more 

I’m not leaving here without my severance package. I’ve worked here a lot longer than you have. I’ve worked hard and have done my job well. I’ve done what’s right for Wells Fargo customers. I’ve been a team player and care about my teammates. I... — read more 

From Charlotte Observer: Wells Fargo says it plans more job cuts a day after Truist disclosed major layoffs plan September 17, 2023 09:33 AM A top Wells Fargo official said to expect more layoffs at the bank and a decrease in office space as the... — read more 

I see some of you saying that WFC pays well and I know for a fact that I'm significantly underpaid. Is that a new thing? I started three years ago, so while I'm not new, I haven't been here long enough to know things like that either. There's nothing... — read more 

Charlie: Are you going to be part of the problem or part of the solution? Me: After working for you for 4 years, I think I want to be part of the problem. Charlie: That’s not the answer you’re supposed to give. Me: You set the rules of... — read more 

Years and years of abuse of consumer and employees, high pressure sales and bullying, billions in fines and an asset cap, and she gets 6 months home confinement and 120 hours of community service. It's got to be awful being confined to a staycation... — read more 

WIM ops employees who are not remote or working at one of the four WIM Ops hubs were given their notice (Or the opportunity to relocate).

I’m livid. Effing livid.

Especially with UAW. Workers gave up so much and have not been given anything in return while their CEOs take in millions. Feels oddly familiar.

Anyone else have managers that despite being nothing more than a chaotic bundle of hot air, believe they are competent and on top of things? Even the worst managers listen to their workers when they have ideas for ways to simplify, streamline, or... — read more 

https://finance.yahoo.com/news/wells-fargo-launches-stock-fractions-130000785.html Good for us. I have 2 questions: Q. Who green-lighted this project?? Q. How much money and time did we pour in to this project, which allows online customers to... — read more 

Saw this announcement, wondering how much of a loss this is? Anyone know how many Relo loans we’ve been doing or have insight?

Jack Kelly/FORBES Companies should review how and who they lay off. Curiously, the people usually impacted are the workers and never the CEO or members of the C-suite. The upper echelon is exempt from receiving a pink slip. **Nor do they volunteer... — read more 

Any updates on the next round of lay-offs?

https://www.latimes.com/business/story/2023-09-12/california-workers-to-get-earlier-layoff-warning-under-bill-sent-to-newsom

I’ve heard the next date is 9/18 and I’m pretty sure it will affect me. Does anyone have any additional information?

September 14, 2023 LONE WELLS FARGO EXECUTIVE CHARGED CRIMINALLY, CARRIE TOLSTEDT, TO BE SENTENCED TOMORROW FOR CRIMES IN PHONY ACCOUNTS SCANDAL Highest-Level Conviction for Major Financial Institution Executive in Years To: Interested... — read more 

Now correct me if I am wrong, but unless they already gutted them (which is possible), did the Hillsboro office have registered Associates/specialists or just regular escalation folks? Either way I don't want to find out, but I just want to know how... — read more 

I keep hearing rumors around the office, but nothing official. Has anyone else heard anything?

If you switch jobs internally in q4 how are bonuses, raises, and performance reviews impacted? Are you essentially rated with you old team and how can you ensure switching roles and leaving your old team is not held against you for any of these... — read more 

Wells Fargo Careers. It All Begins With You. Chief Executive Officer About this role: Wells Fargo is seeking a Chief Executive Officer…in this role you will: Provide no visible strategic vision while charting the direction to achieve long-term... — read more 

Seriously?! You are laying off people and forcing people to quit, and here you are telling people to take time off with family and then telling everyone about your d-mb vacation costing five figures?