Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Worthless mortgage titled

If Wells Fargo wants to cut jobs get rid of Retail sales consultants and Business execution consultants. We have no sales people left. These people do not even got to any branches to help. Overpaid worthless employees

Consent Order

Front line control org is about to layoff at least 10%. Second line ITV is about to lay off 10%. Cutting expenses prior to getting feedback from regulators. Shipping work to I&P. Audit. A proven circus. Grab the popcorn. This is about to... — read more 

Who are the true “bad apples” at Wells Fargo?

The employees?? Please. I think it’s fascinating that Wells is putting so much time, effort and money in to “changing the organizational structure and building a framework to ensure deviant employees are following the rules …yada yada... — read more 

RTO FUN

Lets say that WF is forcing people back in the office because the city or state or some government entity is going to give them a tax break Lets say that a worker in a high crime rate is injured going to or home from the office by a criminal That... — read more 

Wells Fargo Tech is Failing

Wells Fargo tech is in big trouble. There have been major outages affecting large numbers of customers. Engineers have too many meetings and no time to be an engineer. Change freezes backing up the pipeline causing more risk. The 2024 tech budget... — read more 

Layoffs today

Use this thread to share any info you have on layoffs happening today.

About layoffs and such

Layoffs are never ideal. But, life must go on. The entire company can't be in mourning or overly modest every time someone is laid off. One must compartmentalize to be successful. One must always look forward not backward. That's my advice for... — read more 

Offshore support

can verify came out of mtg - prod support to move 90% offshore q1 next yr. leave skeleton crew 1-2 ppl in US. Offshore staff proved themselves worthier than US counterparts

25% off Wellsware Swag

Looks like demand is low since nobody is proud to work here any more. I threw all my stuff away last year and won’t be displaying anything. Hope it was worth it to destroy employee morale, Chuckie.

Agile Scrum calls or Show and Tell?

Had the fine opportunity to sit in anonymously in an agile scrum call this morning. Heard a whole monologue on how this one person cooked so much fine steak for their family over the past few weeks that their wives have shut them down. Im guessing... — read more 

Layoff meeting questions

Who actually does the layoff meetings -is it HR or your manager or your manager's manager? What if your entire group including your manager gets laidoff at same time? Also what time of the day is this meeting?

job title match

Does anyone know equivalent job titles at other banks, for example if someone is a Senior Lead Analytics Consultant at WF what is the equivalent tittle at BOA, Ally, Truist, Citi Bank, USAA, and Chase. Chucky change the titles to 5/6 buckets across... — read more 

I'm out on the annual employee survey

I've dutifully taken the survey every year that I've been here. I added thoughtful comments. I participated in the "action planning." Nothing ever changes. And now they won't even share the results with the employees. Action planning just results in... — read more 

We should hire the leaders of…

the company who sells the elementary-school level annual compliance training classes to Wells Fargo leaders for $Billions, and convinces our leaders that these classes will reduce risk and will be worth taking 200,000 employees out of... — read more 

Fraud/Misrepresentation

Recently came to know about an employee work in IT on fake identity. Wells has a situation where person who gave interview, person who joined the company and persons who actually doing the job are all three different person. IT consulting companies... — read more 

New covid variant and RTO

People are showing up to office with cough and cold and spreading everywhere. The management should think about this . I got sick after two neighbours showed up today with cold and cough . 3 days rule is all fine but people should stay home if... — read more 

Hiring problem in Technology

People are being hired from Bank of America not for their skills or experience but for…… And this is ruining us.

New brokerage firm

Sure if youb want to work for a bubbling id--t go work for DK or some of the former leaders who did nothing but let the company fall apart, develop no technology, lose clients , lose advisors. Half these leaders were asked to leave anyway.

Wells Fargo’s approach to annual online Compliance training doesn’t work, and wastes approximately $2.5 Billion per year.

Problem: 200,000+ employees are each mandated to take 25 to 30 classes every year which, for the most part, have NO RELEVANCE to our jobs. Forcing a Mutual Funds back office clerk to take classes on annuities, bribing foreign officials and the... — read more 

Third Party Program Circus

Third Party Program is a joke. Where did these people come from? They have no common sense and never hear the feedback from the teams that have to execute the Third Party Program. The new system - STORM - is a nightmare because there was not real... — read more 

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| 1600 views | | 9 replies (last February 7, 2024)
Post ID: @OP+1oaecMPJ

Tues 8/22

Probably not the huge doomsday event the board is waiting for, but between one and several hundred across the bank via a variety of displacement vehicles or reasons. Another textbook shaping operation, small and diffuse to keep it under the radar... — read more 

End of severance - no word of COBRA

I think today is my last severance paycheck and I have not heard anything about COBRA. Since getting laid off, I've experienced serious cardiac issues and will likely require open heart surgery. This is the 1st year that my family actually met the... — read more 

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| 2480 views | | 17 replies (last August 19, 2023)
Post ID: @OP+1oa2BekJ

Major cities reduced in size

What are some of the major cities that WF presence has reduced in size? Philadelphia - a year ago they lost 2 major buildings. 1 south broad street and 123 south broad. They are leaving 101 independence mall which was a satellite data center forever... — read more 

Employee discounts

Once displaced, how long before employee free checking is no longer free and discounted credit card rates are increased?

Chainsaw Charlie

Got the ax after 25 years of service due to remote status and live in non hub location. I know it’s just business and to not take personal. But still feels like a kn--e in the back.

Mortgage

Please stop laying off and grouping processors into hub locations. Charlotte is the worst talent. The managers can’t manage and the processors can’t process. With as few loans as we can barely manage to scrape up our current operations group... — read more 

ECR

How long until RCR layoffs begin / end

RCSA Abuse

I want to start a thread for FST, IRM, ORBO,BACO, RAU ownership team members, and BCM to highlight the abuse they have received during RCSA workshops. I’m curious if this is a company-wide issue

Team Morale

It's been really bad for the past couple years here and they just keep making it worse and worse. Everyone on my team is checked out. Job title demotions, no real wage increases for years, benefits decreases, unqualified management who have no... — read more 

Truth

One of the great ironies of working for Wells Fargo is the reward for success beyond your most optimistic hopes is compulsory dishonesty

Manager asks to make our calendars Public

Our team got a new manager that was hired from outside. Within the first week he asked us all to make our calendars public ‘to help with scheduling’. Does anyone else’s manager ask them to do this?

Things I will miss when I leave Wells Fargo:

Using my WhatsApp to conduct Wells Fargo business My official work pants The yes-men who are voluntarily working in the office 4 days per week .I. Oh Yea.. my boss wants to start having staff meetings first-thing every Monday morning “to... — read more 

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