“I have the privilege to serve as the CEO and President of Wells Fargo” TRUTH: I am going to make everyone at Wells Fargo pay the price for my disappointment in not succeeding Jamie Dimon. “I look forward to sharing with you the many ways in... — read more
Dear I heard Tech is Affected
Dear I heard Tech is Affected, Your recurring comment "I heard tech is affected" has not gone unnoticed. While humor and banter can be welcome in many spaces, it's crucial to recognize when a joke has run its course, especially on a professional... — read more
Does your boss like you
tell me
Internal job posting
Has anyone had any experience posting for an internal position prior to being in your current position for the required 12 months. I’m thinking about asking my manager for approval to post out but I’ve only been in this job for 10 months. I wouldn’t... — read more
Oregon layoffs from last week
https://katu.com/renderer/katu/amp/news/local/wells-fargo-to-lay-off-316-washington-county-based-workers-starting-in-october
Watch The Big Short on Netflix
Good movie. Also a great reminder to never underestimate the greed, hubris, ignorance, incompetence and dishonesty of Big Bank executives.
Quiet Cutting
https://www.msn.com/en-us/money/companies/companies-are-now-quiet-cutting-employees/ar-AA1fXlyY?ocid=hpmsn&cvid=31e137c8f9bb4c85844e11d1e30d3406&ei=9
Remote working not gonna last
I sit near a manager in an open air environment. He is continually telling employees who had remote working contracts prior to Covid that those contracts will no longer be honored. If you are remote working with Wells Fargo, I will probably come to... — read more
Question about the number of offshored jobs….
Does anyone have any ideas as to how I could determine the total number of Wells Fargo jobs which are currently offshored to India and the Philippines? Are those the 2 primary locations? And are all offshore workers “Wells Fargo employees”, or are... — read more
IT&V
I am considering taking a new role with a Corporate Risk team called IT&V. Is leadership strong? Is it safe?
Core Market and Key Specialty Market Locations
In past AMAs these core Market and key specialty market terms keep coming up. I wish they could have a list of these markets instead of keeping it hush hush and broadly referring to them. Me, I'd like to know if my location is not one so I can plan... — read more
Instead of posting on this board, try this?
Many of you are rightfully frustrated and demoralized. You work for a company that is laying off people right and left and sending jobs overseas while announcing $30 BILLION dollar stock buybacks. They don't care about you one bit. You're a headcount... — read more
Performance reviews are a dinosaur that needs to go.
The following article explains exactly why Charlie is getting the results he's getting from employees. The cruelty is the... — read more
EffCSandWF
Anyone else quit Wells Fargo and get a letter on the mail from cobra saying they were “terminated?” It’s a good thing I never intend on going back to Wells Fargo, ever. They’re really petty for that one. You didn’t fire me I quit! Wth?! — read more
316 to be laid off in Washington Co. OR
https://katu.com/news/local/wells-fargo-to-lay-off-316-washington-county-based-workers-starting-in-october
Stock buybacks benefit CS & Co 👇🏻 and still failed
https://twitter.com/RBReich/status/1697036479967457283?s=20
Any updates on Sioux Falls
Sioux Falls is slowly being eliminated, we’ve closed three of our four buildings in the last couple years. Any word on when remote workers in SF will be affected? As a remote worker I thought about going into the office to possibly save myself, but... — read more
More Layoffs for Frederick
Heard from a reliable source that more layoffs are coming between now and Oct. for former Frederick employees who are now remote.
The Major Hub post is not a lie
Call the op a troll and say it is lies but know it is the truth as major hub employees are safe(r) than anyone else it is FACT
Charlie Scharf Masterclass in Avoiding Accountability through subjective (rather than objective) statements.
“We will get it done.” Who is we? What is it? Define done. When will it be done - is there an ETA? “Our ability to identify risk and control issues has improved” Define your version of ability. Which risks? All the risks? When you... — read more
COO, CCO and CAO plea for help
Please step up for Wells Fargo. We are dying here in this virulent environment. Literally. Excessive hours worked and still have a massive workload. Can the control teams do more than just ask for updates? Can 2L focus on substance instead of... — read more
So many high performers let go over the last few years
This leadership - can I even call them that? - makes no sense to me at all.
Anyone hear rumors of wells fargo acquiring better.com
Saw this article uploaded today and was curious if it had any merit to it? Said there was potential of wells fargo acquiring betr the digital mortgage company that just... — read more
Fully Remote and Loving it!
A few years ago, Wells Fargo was di-king me around with in office versus remote work after they told many of us that they weren't paying corporate properties for leased space anymore, that we would be remote. Then they wanted us to go back to the... — read more
ECMO HUBS
Can anyone confirm if Sioux Falls ECMO is toast?!
Rebuilding Trust
I often read certain people at the top talk about rebuilding trust (with customers). Just last week, someone in Chicago was in media talking about that. Perhaps first, they should rebuild trust with team members?! Start with the company culture... — read more
Medical waiver to be remote…
I received a medical waiver to stay remote instead of going in the office(I am near a hub). I see several post about layoffs for remote employees. Should I be concerned?
I am the CEO of a large bank.
I accepted this job because no one else wanted it, so I don’t have to do much to keep my $24.5 Million coming in every year. What are they going to do - replace me?? 😂. In fact - I could run this company in to the ground and no one would say a... — read more
Everyday Banking Team Leads
Heads up majority of Consumer Everyday Team Leads are getting demoted to Bankers they will be meeting with the impacted leads by Aug 31 and it will be effective Oct 1st.
happy tuesday
take a few seconds to look around and observe the the room and people amongst your right now. what a sad dump. upvote if you see it and are not in denial about the sad state of affairs.
Barnhart lease renewal
I see multiple comments that the lease in Hillsboro Oregon is not being renewed. Please provide link to info, seems like people are just trolling. Also, have folks from the Sunset location been given a move date? They have shifted the remaining folks... — read more
It’s probably not going to work out
https://www.msn.com/en-us/money/companies/amazon-ceo-reportedly-told-remote-employees-it-s-probably-not-going-to-work-out/ar-AA1fUdFB?ocid=hpmsn&cvid=398a294a31fd450bb2c776f91a320b1a&ei=9
A few favorite books from Charlie’s personal collection:
Too Big to Fail I Know What I’m Doing - and Other Lies I Tell Myself Always Ask a Man Everything I Want To Do is Illegal How to Run a Company in to the Ground I Win! (by U. Lose) Last Man Standing: The Ascent of Jamie Dimon Men Who Knit and the... — read more
Annual Raises
Predictions on annual raises for this year? Last year, Bei sucessfully fought for a 5% average increase. What do you think the average will be this year? Will mid points ever adjust? Seems like they’ve been the same over the past ten years... — read more
Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC alleges
https://www.cnn.com/2023/08/25/business/wells-fargo-overcharging-sec/index.html New York CNN — For years, Wells Fargo overcharged almost 11,000 investment advisory accounts about $27 million in fees, federal regulators alleged on Friday. The... — read more
Service charge free checking - follow up if displaced
I was eligible for retirement with 44 years prior to being displaced. After my final severance check, I called H.R. to check my status. I learned H.R. recorded me as terminated instead of a retiree. As a result, my checking account was changed to... — read more
No HUB Layoffs
If you are in a major hub you are safe
Employee Survey Released!
Are you taking your survey? If so, will you be brutally honest?
A letter written to the Federal Reserve opposing Wells Fargo’s massive $30 Billion stock repurchase
(condensed) The Honorable Jerome Powell, Chair The Honorable Michael Barr, Vice Chair/Supervision Board of Governors of the Federal Reserve System Dear Chair and Vice Chair, On behalf of more than 500,000 members and supporters of Public... — read more