I don't want to be disrespectful. What is the difference between run rhe bank or change the bank? Who came up with this stuff?

It’s being reported that teams are requiring to lower the scores from meets to needs improvement. During calibration calls employees started with meets but were downgraded to needs improvements to meet a quota threshold issued by HR. Management can’t... — read more 

Everyone remember Saul's d-mb AZ-900 requirement? Pepperidge Farm remembers.

Has there been a mass exodus recently of depositors at WF? Other banks are clamoring for new depositors and offering interest rates of 4, 5+% while WF is paying 0.25%. Is this entirely because the asset cap is still in place, or does Charlie have a... — read more 

For anyone doubting how bad the layoffs will be, take a look at the latest earnings report: https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/second-quarter-2023-earnings-supplement.pdf Slide 11, under Home Lending... — read more 

was it just me or was Charlie very unprofessional? Especially at the end.

Results were as expected. Hopefully will be a nice boost to stock today. One interesting excerp from the results presentation on slide 9 about non interest expense being up from prior guidance due to higher severance expenses driven by lower than... — read more 

My manager and 2 others on our broader team have disabilities that they've shared a select few on the team. 2 of them require WFH (I won't out their medical reasons; def valid). Although medical accommodations were approved by HR, LOB leadership... — read more 

https://www.foxbusiness.com/economy/jpmorgan-chase-ceo-jamie-dimon-speaks-remote-work-real-flaws

If one has a remote exception (not medical), and you move within your market (still within 40 miles of a location) do you get to keep your remote exception?

Actual gen Xer here. I despise RTO with every fiber if my being. I really don't care what others think of it by generation. If you love driving to a building for no reason, go for it. It's inefficient horse S that makes me less effective because I'm... — read more 

Employees want to toil in the kitchen. Bosses want them back in the office No Pay Wall: https://archive.is/wArYk Original Source: https://www.economist.com/business/2023/07/10/the-fight-over-working-from-home-goes-global The fight over working... — read more 

I heard the entire US based compliance team was displaces abd replaced by off-shore. Is this true?

... — read more 

Can anyone share their experience with accepting a position that required relocation as part of their offer and when you had to relocate? I’m considering a position that would require relo and I will not end up relocating. Just wondering how long... — read more 

Wells Fargo slashed it’s Merchant Services Sales team by 60%. Glad to be pushed off that sinking ship. I’ll take the severance pay and look forward to my next move!

Do they want us back in?

One of Central Florida’s biggest banking companies is laying off more than 100 employees in Orlando. Wells Fargo filed a notice on Tuesday with the Florida Department of Economic Opportunity that it would lay off 103... — read more 

😂😂

Does recruiter or hiring mgr typically set up call to extend offer? What is duration of scheduled call?

Does anyone at Wells Fargo know how to write a clear and concise email that has no ambiguity? This is what I miss most from my old firm. Everyone knew how to write short, simple, and complete emails that made sense. Everyone here is either paid... — read more 

Anyone heard when MMB layoffs will occur for the front office credit teams? I thought I heard it was going to be this week but Tuesday seemed to be the centralized teams instead.

Can y’all please take back all your failed “leaders” that y’all pushed out? Those no talent a-s clowns have invaded USAA and they suuuuuucccccckkkkkk dirty bootyholes. They are completely destroying the company in record time. I’ve never seen a... — read more 

Someone reached out to me because the person they tried to contact about a problem was now zz'd. I looked and sure enough she was zz'd. But she was also green on Teams which seemed odd - but thought maybe this just happened and she was finishing the... — read more 

Hi there, My name's Yowei Shaw and I'm a journalist working on a story for the podcast This American Life (www.thisamericanlife.org) about layoffs, after getting laid off myself from NPR... — read more 

It’s beyond belief, but we are not allowed to call them - don’t even have a phone #. I’m in an area where certain work is time sensitive and involves a lot of money. We are also working with archaic systems that haven’t kept up with industry... — read more 

Managers are forced to monitor if employees go into office. If they do not they will be reprimanded. If you do not go into office, your end of year review and bonus will suffer even if you are an outstanding employee. Then get rid of people after... — read more 

This system is in the top 5 worst decisions within the last few years. Why won’t it work???????????

Back in June, Santomassimo said that, "as attrition has slowed down, there could be some onetime expenses by the end of the year in terms of severance." A lot of RCSA efforts will be finished by EOY. Will those of us working on RCSA be targets of... — read more 

Are there any plans to close any of the mortgage hubs as it relates to sales and HMC'S part of that?I know the one I am closest to, barely anyone goes there, maybe 1 or 2 at the most. This location was made HUB last year and I know there are still... — read more 

Should be interesting to see how we fair this time around. Earnings Friday before the bell. Can we get back up to 50 or ???

I've found out that someone I worked for in the past has been going around contacting my current managers and maligning me (for nothing to do with performance or professionalism). I performed well for them & treated them with respect. They just have... — read more 

For everyone who took the time to air their grievances under my last post, please reach out! I can offer you full anonymity and ensure that only quotes you feel comfortable with are published. Media coverage is the best way to ensure that your... — read more 

Do you think Wells will start the Hub location strategy again? I’ve noticed a lot of layoffs in areas that are not in their prime locations. I am not in a hub location technically but there are major corporate offices in my city. The Hub... — read more 

Will they get an asset cap, or is it only Wells Fargo? https://www.consumerfinance.gov/about-us/newsroom/bank-of-america-for-illegally-charging-junk-fees-withholding-credit-card-rewards-opening-fake-accounts/

Be ready …. 7/11

https://fortune.com/2023/07/10/wells-fargo-dawson-many-horses-native-american-banking-managing-director/

Nobody is being laid off today to my knowledge. I don't know why some of you are trying to stir up trouble.

Hopefully this will help the WF bashing in the media/government to be redirected for a while. https://apnews.com/article/bank-america-fees-customer-account-56fa8400ab01a15ec75a372561a3d851