I'm a journalist at Bank Automation News currently looking into Wells Fargo. Specifically, I'm interested in Charlie Scharf's push for so-called "efficiency" and its results across multiple parts of the business, including layoffs and rushed... — read more 

It’s always suspect how there’s an announcement of somebody at an exec level leaving leaving and it’s immediate.

Consumer direct, tech, mortgage, possibly other groups in the crosshairs. Please post here if you or someone you know is impacted and share details if you can. Good luck everyone. Whether you want a severance or to stay, I hope you get it!

if you're not in a core location you're dead meat, and if your boss sets up any strange 1 on 1 meetings call it a done deal.

Curious if Vets have any job safety with all these layoffs?

Bye Wells Fargo. You are the sh&ttiest place to have ever worked. I loved my job and you chose to ax me just because I did not live near one of your hubs. I was good enough to have worked for you for 30 years. Whomever came up with this whole... — read more 

Is playing the victim and being "offended" by someone that is knocking it out of the park, escaping it up the chain to their manager so that the finger gets pointed at them. Takes the onus off you and you malign the person good at their job. Bonus if... — read more 

Let me know if I forgot someone, but I automatically conclude they: have an ulterior motive work in Corp Comm came over from JP Morgan are an ar-e-kisser know they are being paid too much money for their skill-set are an apathetic... — read more 

So Warren Terry head of CRG branch infrastructure has quit the firm. Last week it was Nate Herman head of Internal controls . Interesting.

FORTUNE I work at a Wells Fargo call center. Here’s why people like me can save America’s banking system BY DEBBIE WARREN July 10, 2023 at 9:31 AM CDT Debbie Warren is a Wells Fargo call center worker out of Beaverton, Oregon. COURTESY OF... — read more 

Why is it so hard to get into this bank and then once you get in you see that no-one knows how to do their job, takes ownership, or even cares? I swear when interviewing a panelist said "Why do you want this job, it's not like you have a PHD in... — read more 

Talking about WFH exceptions, how does one get one? Is chronic anxiety/ panic attacks issues (documented and medicated) - a good enough reason to request WFH? What would the process look like? TIA relatively new to the corporate world and trying to... — read more 

If you make a ruling and don't apply it equally, why are you surprised when minions revolt? I'm not talking about those w/medical accommodations or those outside of 40-mile radius. I'm talking about entire teams who received special permission to... — read more 

This answer to my post last week says what I always hope to convey in a much better way. I hope the original poster doesn’t mind my “copy paste”, but I think it deserves it’s own post so hopefully more people see it. Charlie is so blatantly... — read more 

I hope it's not true, but I've heard there might be some smaller cuts next week. Is this true? Is there a way to find out where?

Very few people are selling or buying homes in 7% plus interest rates. Do you see something on horizon for Home Lending Employees, both Business and Tech?

What’s next? The Control org is a mess and the employees don’t contribute and have limited control accountability. 75% of these employees need to be realigned to business functions. The remaining 25% can do RCSA and standard monitoring and reporting... — read more 

Scan the posts and find a fake review or two - share with the rest of us: https://www.glassdoor.com/Reviews/Wells-Fargo-Reviews-E8876.htm

Source below... Generational divides on WFH: Workers >55 prefer to work remotely ~35% of the time; workers in early 20s prefer WFH ~45% of the time; workers in their 30s/40s prefer WFH 50%. In other words, Gen Xers have become the unlikely warriors... — read more 

I am a 25-year employee- never worked anywhere else post-college. I am tired of the drama here and want to get out but the thought of starting over and losing 25 years is a little daunting. Any success stories? Or anyone leave and wish they hadn’t? — read more 

We have to provide food and shelter for the homeless, and oppose racial discrimination and promote civil rights, while also promoting equal rights for women. We have to encourage a return to traditional moral values. Most importantly, we have to... — read more 

Wells Fargo is a Financial Services Company We make our money through selling financial products and services to our customers. That’s it. Serving our customers and providing high -quality products which best serve our customer’s needs is the... — read more 

Look up the CEO on the old people search and it shows 264k employees. On the new one there's just 242k. Does the new one not count contractors or people that are displaced or what? 22k people is a big discrepancy.

We won’t do any work today. We’re not going in the office. They can’t fire us all. There’s power in numbers. You may feel like a number, but together - we can take a stand. Don’t badge in, don’t work, and they can’t get rid of us all. Bare... — read more 

Leadership is not throwing people under the bus. Leadership isn’t creating mindless bureaucracy. Leadership isn’t building empires to make yourself look important. Our CEO is a sociopath. And our once great bank is slowly rotting away. Please try... — read more 

Which employees are on a list for the next round of layoffs? Which employee is, unknowingly, currently training their replacement? Which LOB is Charlie preparing to sell, d-mb-down, or “take a step back from”? Which customer is being sold a high fee... — read more 

...by middle managers, jealous coworkers, non hub dwellers and the list goes on. Even HR. If you are a high performer who takes pride in your job, go elsewhere.

LMFAO I'm remote and outside the hub/spoke footprint and yet they're still pretending like I have a chance to get a new job via internal application. This fu----g place.

The Committee for Better Banks is working with Communication Workers of America to help Wells Fargo team members to unionize. We believe that Wells Fargo can be better, but that it cannot happen until there is more accountability to upper and middle... — read more 

Do they even pretend to care what we think anymore?

Leadership has been saying for years that they will reduce headcount. At various times they've communicated estimates on the total % of staff that will be let go. Since it seems like death by a thousand cuts is the approach, it's difficult to track... — read more 

(Repost from an earlier comment) Capitalism has existed for a very long time. It is why things such as the manufacturing sector moving to Mexico/China/anywhere but the US happened. It's not like the sector wasn't able to expand...it just became... — read more 

I have no transferable skills. In fact my skills deteriorated since I joined. My only saving Grace is that I have no family and can relocate but nobody wants to hire me since Wells took away not just my skills but my dignity.

Whether we rely on ChatGPT or not, learning from our hire/layoff experiences is key. While AI may not possess emotions, it can provide valuable insights to help us secure our next job and recover from the challenges faced at Wells. By leveraging AI... — read more 

Unfortunately, this is cr-p is just as bad as before. The only difference is recruiters and hiring managers now are required to provide more documentation which they falsify when they want or need to. I have heard about if from both sides of the... — read more 

JPMC is fairly close on purchase deals, but WF still about 0.125% lower in rate. Wells blows away BofA and Citi unless their clients have strong relationships with them. And Wells is MUCH much better on Refis, including cash out. Wells is still the... — read more 

Studies have placed the rate of psychopathy in the corporate world as anywhere between four and 21 times more prevalent than in the general population. ****Not only that, but CEO ranks as the profession which attracts more psychopaths than any... — read more 

Please just lay me off Chuckie.

WF is displacing folks to save money. But they are paying a severance. How is that saving money? Are they looking long term?