Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Wells Fargo Talent Connection

Anyone else get an email from "Talent Community at Wells Fargo" ? Umm, I left this place for a reason, why would I want to hear from you again? Are they trying to get some of their former, well performing employees back? Good luck with that. — read more 

Insert shocked Pikachu face

Most bosses regret how they mandated workers return to the office. They blamed it on not having enough data https://fortune.com/2023/08/14/bosses-regretting-return-to-office-mandates/

WF Swag

Hey management we do not want anymore cups or merch with WF logo as payment for hard work. Cash bonuses, gift cards, and/or extra PTO is really all we want, otherwise save the money on postage.The cup isn’t keeping me here or making me work harder... — read more 

Big Banks

I love big banks. The employees know very little about banking. Everyone lies about their knowledge and experience. Everyone makes double what they should make. Unicorns everywhere. Almost everyone is miserable. Paradise.

Why are employees so incompetent with outlook?

Saul has emails sent out with meeting invites attached. He just rescheduled one and the email instructs you to delete the old reminder and download a new one. Does he know you can actually just schedule a meeting, it auto populates on everyone's... — read more 

No Severance for Remote ?

Any truth to the rumors that there is a change to the Benefits Handbook that results in laid-off Remote workers being ineligible for severance?

Planned leave 60 day non working notice

What happens if you received a 60 day non working notice and had a planned and approved leave of absence (medical, parental, etc) that is to start in that 60 days? Do you still get your full leave?

Isn’t it ironic….

That Wells Fargo Compliance managers and consultants, whose jobs are to help departments navigate the complex regulations which govern our industry, will not give a straight answer to a question?? 😏

September layoffs

Anyone heard of layoffs in September? Specifically in non hub areas ?

To the Des Moines metro haters…

Look who is #1. https://www.forbes.com/advisor/mortgages/top-places-for-young-professionals/?fbclid=IwAR2Eysr_w1uyYibivivbzXdm1lBGM5PJjHQRfJm5MB4aUAMLeRnYAFI2kKA_aem_ASqAtIzhr0FsZYEsWGR7UWPMEqcgKRFWTIvlf4LyswSd-BPO0jds8ScjZdYP-wasylM

Just one more piece to the puzzle.

https://www.abc15.com/news/region-southeast-valley/tempe/more-than-half-of-arizona-state-universitys-international-students-are-from-india

Wells Fargo - anti-America

so WF can donate $1million to Ukraine but our own people in Hawaii get...$100,000?? With all the offshoring and now this...how can you say you hate America more, WF? Shameful

HR is losing it!

Just got the blast email about the new employee handbook. The first thing on the site is a FRENCH PDF VERSION of the employee handbook to download. And yep, I downloaded it and it is in french. What the heck Wells?! This company just makes... — read more 

Banking Industry Full of Jerks and A-Holes

My buddy and I (both who have worked at more than one large top 20 bank) were talking today about how we both will never work in the banking industry again. It seems to be full of elitist, shxtbags. It is a ruthless business, all about short term... — read more 

Stop the Hub madness

Admit that this was the d-mbest idea ever and stop clumping people together in these mindless hubs. No talent. No good workers. Terrible locations. We need employees all over the US. Not just in these awful locations. We need to bring our... — read more 

Wells Fargo Bank Branches Start to Disappear

we already knew this by seeing multiple posts.... https://www.msn.com/en-us/money/companies/wells-fargo-bank-branches-start-to-disappear/ar-AA1ffMSG?ocid=msedgntp&cvid=17dbe6ca0e89402e8adb8d87c90ea256&ei=9

Did TK Get Her Boomerang Clipped

Has TK the Bollywood and Indian appropriation star get a talking to? While she was out touring around and taking selfies , customers could not access their direct deposits. Did CS or SVB sit her down and scold her and told her to stay home? Or did... — read more 

I am a risk manager

I am sitting at my desk, gazing out the window, on an empty street with a traffic light, shifting from red to amber to green in a pointless rhythm. My desk is spotless, my inbox emptier than that space between Derek and Scott called Gwen. Last time I... — read more 

Has C suite considered the # of India holidays?

Curious, as I'm hearing about another India holiday tomorrow, if the Csuite has really considered the impact to US business process all of the India holidays they have as they outsource a huge portion of the US jobs? (there are many more US jobs... — read more 

No CS q2 townhall?

Not that CS provided any value add during these, but curious as to why there hasn't been a post q2 townhall? In fact, haven't heard anything from him in a while. Is he still with us?

When Is It Safe Here?

I remember back in 2020 (seems like a hundred years ago)there was a post saying if you made it through 2023 your job was pretty much safe from layoffs. Although that seems a little naive now, is there some truth to that? I remember when one of our... — read more 

Cobra or ACA marketplace?

Over 60 with no more WF benefits - continuation, health ins, etc ended mid July. 3+ years before Medicare kicks in. Eligible for COBRA and WFB retirement insurance (which was 25-30% higher than cobra). There's also the 'marketplace' based on income... — read more 

Charlie Scharf is donating his personal salary of $24.5M towards a $10,000 down-payment assistance program for eligible home buyers in 8 U.S. me

https://www.morningstar.com/news/marketwatch/20230812221/wells-fargo-offers-10000-in-down-payment-assistance-for-eligible-home-buyers-in-8-us-metro-areas I admire Charle for practicing what he preaches. “ We are excited to play a key role in the... — read more 

Not going minimum 3 days

How many of you have gotten emails from your manager saying you are not going in min 3 days? How many times they warn you before getting on some naughty list?

Even government employees being told to WFH in SF as uts so unsafe but we have to go in. Wells does not care about it's employees at all.

From https://www.insider.com/government-employees-san-francisco-told-to-work-from-home-crime-2023-8 Hundreds of government employees in San Francisco told to work from home due to the high levels of crime in the area, report says Some government... — read more 

In hub city but remote — safe?

Are we safe from layoffs if we live in or near a hub city and have an accommodation to work remotely? Don’t want to go into the office!

WFC market cap history, CS performance rating “F“

https://ycharts.com/companies/WFC/market_cap Current market cap $160 bn, that’s after $35bn buybacks since 10/2019, and another $30 bn announced in July 2023. price to book hovers around 1.0x dipping below 1.0x at times. Numbers don’t lie. — read more 

First citizens Bank is hiring

They just got done purchasing two other Banks laying off all of the employees from svb and they're trying to bring good people on board one of the benefits of working for them is remote they're pushing it they're wanting people to have it so if you... — read more 

Closing another 23 Wells Fargo Branches

WF declares to close 23 more branches. https://journalnow.com/news/local/wells-fargo-declares-plans-to-close-23-more-branches-in-us/article_baf4a70c-3865-11ee-86bd-df62c3d7299a.html

The bank of doing

The bank of doing it’s only laying off people and creating an even more toxic environment. I’m unsure of how they expect us to focus and serve our wonderful clients when a threat of displacement is a daily event. Kudos to upper management for ki-ling... — read more 

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