I have my opinion, which I will share, but I thought it would be fun to hear what employees from other parts of the bank are thinking.
More fines…
https://www.msn.com/en-us/money/companies/banks-fined-549-million-for-hiding-messages-in-imessage-and-signal/ar-AA1eYpGr?ocid=hpmsn&cvid=2a7d82530ebd470f840252cb2da16784&ei=11
I love my job
I have nothing to do. There are others like me. W’ll all get paid. We love Wells Fargo.
Give a man a g-n and he’ll rob a bank…..
Give a man a bank and he’ll rob the world. 😏
Charlie has board fooled
Board applauds Charlie because he came in and got rid of every legacy OC member because what was rotten about Wells could OBVIOUSLY only be fixed with fresh blood. Total joke- Charlie filled the positions with cronies he worked with in the past from... — read more
RCSA Misery
The messy, unclear, chaotic, mockery of rational thought, sh-t storm we all know as RCSA has rendered my team as fiefs to the Controls team. Once upon a time, we referred to them as partners, but now we take marching orders and are not permitted to... — read more
another day another scandle
https://www.bloomberg.com/news/articles/2023-08-10/wells-fargo-bank-illegally-restricted-union-activism-nlrb-officials-allege
Contractors check your end date in Beeline. It could be sooner than you think.
Beeline is the official record of your contract end date. NOT what your contract agency has told you.
The need to further drive efficiencies and cost-cutting is extremely vital. The time has come to begin ****Executive Offshoring.****
For years now, Wells Fargo has touted the many benefits of offshoring US jobs. The natural next phase is upon us - exporting the jobs of our senior leadership team to low-cost developing nations will legitimately cut costs AND improve the quality... — read more
Mental health
I feel like it's been tanking this year. Things seem worse month after month with no light at the end of the tunnel. Management makes things worse when they don't need to be by dragging us into an office to do the EXACT SAME THING we do from home... — read more
Iowa WARN Notification
Wells Fargo just updated WARN notifications for Iowa. Here are the details: 7/11 - Des Moines - 800 Walnut St - 65 801 Walnut St - 7 8/8 - Des Moines - 206 8th St - 8 Not sure why it took so long for... — read more
LinkedIn "Open to Work"
Doing my normal checks through LinkedIn this morning and came across several Talent Acquisition folks that changed to having the green banner that says "#OPENTOWORK". Started digging in further and found at least two managers and what looked to be... — read more
WFC HR staff layoffs
I am of course sympathetic to the individuals affected, but part of me can’t help experiencing a sense of “here is your turn to be hit by the karma bus” as many of these HR people now laid off undoubtedly were the ones laying off other WFC staff as... — read more
Question about severance payment
I received my severance packet today. After the 60-day notice period, the company will only give a lump sum severance payment. There is no option to receive bi-weekly payment. Is this the case for everyone? So my medical insurance coverage also ends... — read more
Bring back competent mortgage processors
Please dear God forget this hub cr-p and bring back our mortgage processors that you got rid of just because they did not live near Charlotte. I would be sure it is the same at every hub. There is little to no talent in these places. A loan of... — read more
Chaos: Intentional or Incompetence?
I know people who work in completely different parts of the bank. 1 common theme coming from all directions is chaos. From all levels of management, workflows, and communication (or lack thereof). So is the chaos on purpose or are executives that... — read more
WF is being racist by RTO
There is a whole writeup on why https://12ft.io/proxy?q=https%3A%2F%2Fwww.latimes.com%2Fbusiness%2Fstory%2F2023-08-08%2Fremote-work-racism-reprieve-return-to-office
How do you feel about Wells Fargo installing a company- monitored messaging app on your personal cell phone?
not that they can force you to use it.
What Next?
Well - now that 8/8 has passed. What is the next date I should scan my email continuously for an email and pray for a package? Congrats to all who got the golden package!
Has anyone at Wells Fargo actually done a full review regarding the math on Offshoring??
Wondering if our not-so-astute execs are just playing Follow the Leader and have spent so much money on the transition that they can’t admit it’s been maximum effort, maximum disruption and minimal savings. 1 fully trained US employee is replaced... — read more
RCSA Annual Refreshments
You will be happy to hear, psycho babe (who has a dotted line into Risk) is brewing last years digested matter again for annual refreshments. This batch is crafted with the same muddled recipe loved by Wells before. It has no additives, no sugar, no... — read more
Wells Fargo’s $125 Million Fine For Employees Using WhatsApp
So who is getting fired for this?? Oh right... no one... https://www.forbes.com/sites/willskipworth/2023/08/08/wells-fargos-125-million-fine-for-employees-using-whatsapp-marks-latest-run-in-with-regulators-and-courts
We don't need layoffs
What we do need is to stop breaking laws so we can stop having to pay various fines. I think we have paid enough just in the last 24 months that if we managed to avoid it, we could have scrapped all the layoffs that happened in that same period. How... — read more
Isn’t it ironic…
That my manager wants us to “think outside the box”; but is requiring us to return to the status quo of working in a box 3 days per week??? 😏
401k & Bonus Eligibility
If your Notice Period concludes prior to December 15th you will not receive the 401k matching contributions for the year. If your Notice Period concludes prior to your anticipated Incentive pay date, you will not receive the ICP/bonus. Just more... — read more
Cash balance / pension plan
I got my displacement packet today. I read over everything but there is no mention about what happens to the old cash balance plan that some of participated in. Does anyone know what happens to that?
Severance package says I was displaced and performance related. What can I do?
My severance package says I was displaced and it said it was also performance related. I have had "meets" the entire time I have been here and my boss told me during call this morning that it was NOT performance related. Anything I can do to fight... — read more
How can so many want a package
I honestly don't understand how 90% of the people who post say they are dying to get a package. Is everyone wealthy or so extremely confident in this job market? I'm very conservative and need job security. I don't spend a lot but want to save more... — read more
Another $125 million fine for WF
https://www.theverge.com/2023/8/8/23824521/wells-fargo-bnp-imessage-signal-whatsapp-messages-sec-fine
Remote = terminated
If you are fully remote in teamworks, its just a matter of time before you are replaced by cheap India labor. Lots of "remote" guys gone tdy!
Mortgage layoffs today
Lots of work directors were let go today in home lending. Our work director, who has worked for the company for 13 years, was let go. Sadly, I was not laid off
Why do people want to know about current layoffs?
I get that this board is called 'layoff.com'. It makes sense to want to know about a layoff hitting your dept before it happens. But what good does it do you to know that someone in a different dept got laid off today? Take today (8/8) for... — read more
CL Town Hall
I admit it. Like passing by a train wreck, I couldn’t help but take a look/listen. Nothing like the CL executive bashing prior management about not having done RCSA work prior to now. He went on and on. And while he stated “management” it was clear... — read more
West Coast Layoffs?
Anyone receive a call yet?
What I love about offshoring to India.
Needing timely information during US business hours, but the support team is all based in India and are unreachable until over night.
Layoffs in CIB Foreign exchange (FX) San Fran
F/X traders let go in SF. Lost 5.
Isn’t it ironic…
That in their aggressive cost-cutting efforts: Wells stops providing work-related cell phones, takes away Bloomberg, and forces us to use Wells Fargo-owned non-intuitive Symphony for instant messaging; and then gets busted to the tune of $200... — read more
Customer Service layoffs
Just notified of 9 team leads being dismissed in customer service, California.
Lost 2 in WXPS Workforce Compute
There is just a handful of people left on my team of Engineers Such a shame.