What are the deets? Folks who didn’t close at least $1M per month?
It's all BS
That's the post.
Get rid of regional sales consultants
Now that Charlie has axed mortgage to the ground how about getting rid of some of these worthless positions? RegionL sales consultants do absolutely nothing. Ours works remote and is never in the office and never available. She travels around... — read more
Charlie was invited to give an inspiring commencement speech to the graduating class of a state college
He submitted a rough draft outlining his key points for success to the shining new graduates: Shamelessness is a Leader’s Greatest Superpower. Narcissists rise to the top faster than altruists. Success requires an inflated sense of... — read more
Changes for remote only employees in August?
I've heard that changes are coming l coming for remote only employees in August, but no one has details. Has anyone heard specifics? Are we being forced to drive 2 hours to the nearest office, or are we just getting the ax?
July 11th Commercial Banking Layoffs
Just heard a rumor from my Manager on mass layoffs within Middle Market Banking on July 11th. Has anyone else heard the same?
Affects of outsourcing!
They've outsourced a lot of the primary work to Hyderabad and Bangalore. The outcome is total shitshow. Offshore guys have no idea what they are doing most days. We have meetings every day on what went wrong, and how we can improve more and what... — read more
Minimum Thresholds?
PTO counts as in office days for RTO but "minimum thresholds apply", what does that even mean?
Mid year tip
If your manager tries to give you an inconsistently meets especially at mid year, ask for specific action items they expect to see by year end. Granted, with the new way we do performance it’s literally a week between mid year and year end. Your... — read more
I have solved Wells Fargo’s problem. (It means getting rid of Charlie and the Board.)
Charlie and WFC Board’s Philosophy: CEO first, Shareholders second, Customers third, Employees last. The pressure for shareholder return often becomes all consuming and very short-term focused. Decisions are made based almost solely on... — read more
New Internal moves process
Now you can participate in nepotism freely and openly!
Why are they trying to make RTO worse and worse?
First they converted most offices to flex cubes, now they are ‘consolidating’ and closing the most convenient locations in many cities so now ppl need to commute even longer into the city and pay for parking etc….no pay raise of course to cover the... — read more
Wells Fargo flex seating is doing almost everything wrong...
From CNN: https://www.cnn.com/2023/06/26/success/hot-desking-hoteling-dynamic-seating-hybrid/index.html?iid=fw_con-hp-3 Everything this article points out NOT to do is what WF is currently doing with unassigned workstations/cubicles. You can't... — read more
Mortgage processors are the worst
So now that Charlie axed off everyone that did not live near Charlotte we are left with the worst processing ever. It is a losing battle. Sales hates it. Customers hate it. Realtors and builders hate it. Why Charlie?????? We were the nations... — read more
Fortune: Forced return to office is definition of insanity
Headline: The forced return to the office is the definition of insanity. I agree mgt s/instead use structured mentoring to address "gap" they... — read more
Retirement Benefits versus Severance Benefits
Being laid off, I didn't have a choice, but I always wonder if it was a mistake to "hang on" by quietly quitting. I thought it might be helpful to discuss the benefits of "hanging on" and waiting to be laid off or retiring now, particularly for... — read more
if you hate is so much why not leave?
I hear nothing but hatred and contempt for the company on tbj board as well as countless posts on all the abuses one takes in their roles. If things are so bad, why not leave? I would love to hear your reasons for sticking around? I get wanting to... — read more
Wells Fargo to Beef Up Labor Relations Staff Amid Union Campaign
https://news.bloomberglaw.com/banking-law/wells-fargo-to-beef-up-labor-relations-staff-amid-union-campaign Wells Fargo & Co. is looking to expand its labor relations team as it gears up for workers’ drive to unionize the country’s fourth-largest... — read more
How many of you are hanging on solely for the severance package??
There is a master plan in place by upper management to make you miserable, to frustrate you, to add to your burn-out. They want you to leave on your own, to save money on severance packages. Chaz doesn’t care if you are an excellent employee or not -... — read more
DEI Report
Just read through the DEI report. I appreciate them putting this out. Not surprising that 74% of US executives are white and 58% are male. Would be nice if they put avg salary by demographics to see how much more work we need to do as a company. — read more
Does an “inconsistently meets” ki-l internal transfers?
I’m in a cannot win job right now and am expecting a “inconsistently meets” this month. Does this make laterals impossible? I’ve done great until I took on this role two years ago. I was always exceeds, even in harder roles here. I don’t want to... — read more
Can't get myself to leave
Does anybody else want to leave WFC but can't seem to find enough motivation to actually do it? I've been stuck like this for over a year.
FRTO i hate this place
I’m getting out of this pos company. FRTO and micro managing I work for…if I get a package before I find remote work even better. This company s*cks ba--s.
Chainsaw- july
July will be an interesting month. Hearing some chatter already. Remember your manager has to rank you on your mid year. Pretty sure forced ranking ! You know what leads to that !
Work hard for Scharf? No thank you.
Before Charlie - I was invested in the job, productive and a proud problem-solver. I felt part of a team, all working towards the same goal. It was not perfect, but there was a healthier balance between the good and the bad. Stumpf and Sloan... — read more
Necessity is the mother of (re)invention
We must pivot and we are starting to. AI will speed office abandonments and CRE conversions. Adapt or perish. "Turning office buildings into apartments is how California eases the housing crisis"... — read more
DEI, Job Loss, and the Real Culprits: Mediocre Management
I think we can all agree that the bank has terrible leadership. I think we can all agree that the bank doesn't take advantage of the skilled and experienced staff that it has/had. Now let me tell you what we disagree about or don't talk about on... — read more
Just checked this board, yep WF is still TOXIC!!
I see nothing has changed with the culture! Tons of disgruntled employees, anger at management, lack of leadership and employee relations, typical corporate BS. Regulators in the government too lazy, gutless and incompetent to address it. WHAT A... — read more
Why are they closing Fremont Building?
I don't understand the real reason for closing the Fremont building. Just because of the prediction that real estate prices are going down or probable recession soon?
FINALLY! Repurposing CRE
[Note: Fully realize AI will likely cripple CRE and jobs, so contributor is not only remote work. Either way, office space is dead.] https://www.businessinsider.com/chicago-plans-office-residential-conversion-affordable-housing-2023-6 ■ Chicago's... — read more
Manager issue
on Friday I seen they had Nashville hot wings & drummies in the cafeteria but our manager told us s we had to stay and answer phone calls. What is the point of campus ameniti if we arent allowed to enjoy it Just another day on the plantation aint... — read more
What will happen if I file an anonymous complaint about my former manager?
Will they be able to assign a name to it if they realize it's me based on my complaint? Either HR or ethics line.
Mid-year ratings clown show in Coporate Risk
As a manager in Corp Risk, after our initial ratings calibration meeting, we were told to downgrade even more of our people to "inconsistently meets" even if they don't deserve it. The goal is 20% below "meets" this year. We've been given talking... — read more
Tuesday Layoffs Coming in Mortgage
Be ready on the 27th…
This sums up everything
Don't try to think you know what's going on here. The people who know what's going on here don't know what's going on here. The people who decide what's going on here don't know what's going on here. (Stolen from a comment in another thread, this... — read more
Wells Fargo Investors Fight To Keep Hiring Scheme Suit Alive
Shareholders who claim Wells Fargo directors breached their fiduciary duties by allowing a botched diverse hiring initiative urged a federal judge on Friday not to nix their derivative... — read more
2024 Severance plan
Please share if you know changes are coming in 2024!
A tale of Karma
Charlie twisted his ankle yesterday, falling off a curb in a failed attempt to avoid a recently laid off employee. The former employee kindly offered to help Charlie, asking if he needed a ride to urgent care. He pointed to his 2015 Toyota Corolla... — read more