What if this was site was being monitored by WF leadership? Oh yeah, well FRTO and the shareholders need to vote Chuckles out of office!
California Layoffs
I can only speak for California law but if you get displaced you are eligible for unemployment income. The package you receive is for past work and not considered income. Just found this out.
Chances they break the bank up?
0%? 50%? 99%? Does vegas have a position? We’ve gone through 10 iterations of bringing in people outside the bank. Pulling in people from the same banks over and over. We’re at a point where we are kicking these leaders out just a few years... — read more
HR works remote
Funny how the push is for everyone to RTO with all the threats of termination. Yet every HR rep works remote. What a double standard. FRTO
If management is reading this.
You have created a toxic culture that has resulted in the erosion of trust between employees, shareholders, and the community you serve alike. We are one of the most active boards on the site because of your actions. You have collectively destroyed... — read more
‘Harming their customers’: San Antonio City Council rejects Wells Fargo after banking violations
https://www.expressnews.com/news/article/wells-fargo-removed-underwriting-pool-san-antonio-18148706.php For your reading entertainment.
‘Consistent history of wrongdoing’: SA City Council spurns Wells Fargo over scandals, penalties
The San Antonio City Council declined Wells Fargo’s card Thursday as it voted 7-4 to drop the multinational banking giant from a proposed pool of... — read more
The best way to unionize.
Quiet quit. Don’t give your best efforts. Called into RCSA? Don’t give them 100%. FRTO.
Skip level moves
Is it possible to get selected for a job two levels above your current? I’ve applied for a bunch of jobs and it seems like I’m getting called for jobs that are the next level up but crickets for something two levels up, even though I meet all the... — read more
For. Mill office Closing
What’s up with them closing the Ft. Mill office?
I decided to improve the Efficiency Ratio at my house…
I told my wife she was going to have to start working more OT. I began digitally monitoring when she comes and goes because she is more productive when she’s micromanaged. I ranked the kids on a scale of 1 to 5. Little Debbie was upset about coming... — read more
Tangping.
Young Chinese are rebelling against society through a simple act of “tangping”, or laying flat. Let’s start lying flat at work. Do the bare minimum. Slack. Work just enough to not get fired. There is NO reward for going above and beyond. Don’t... — read more
How does wells compare to your previous companies?
Please share your thoughts. Is it really better elsewhere?
clandestine layoffs coming 6/15/23 and 7/13/23
I heard there were more clandestine layoffs coming 6/15/23 and 7/13/23 how do we get the details on the layoffs if this is indeed the truth
Is there a guide for rolling over WF 401k to an outside IRA after the end of the 60-day notification period?
Friday is the last day for everyone who was given their 60-day notice on April 18, after which we can roll over our 401k into an IRA, such as any existing traditional IRA you already had. I can't find anything on the Empower site to do so... — read more
CB RCSA Understudy
Do not and I repeat do not sign up for this. This program is the most unorganized and is managed by the worst set of individuals at the bank. The actual work is not complex but those managing it have the absolute worst personalities and they talk to... — read more
Maybe we are too big
Improving our efficiency ratio has been a goal for some time. I haven't heard it mentioned as much recently as it was when Charlie started but obviously it's still a huge goal. I've certainly seen people leave - displaced, quitting, businesses sold... — read more
Exploring Commentary on the status of the Federal Asset cap:
Jan 2019 “CEO Tim Sloan expects the bank to operate under the asset cap through the end of the year.” Nov 2019 “Wells Fargo CEO Charlie Scharf was hired in 2019 to resolve the lender’s regulatory growth restrictions.” Dec 2020 “Top WFC... — read more
Why do we always shoot the messenger around here?
Wells Fargo’s culture is so toxic. Just keep all of our heads in the sand.
Whatever became of the most recent employee survey?
Why even bother with annual employee surveys? just like is previous years, they threw some lipstick on a pig, talked about the results for about a minute and that was it. It has been crickets from all levels of the organization (aka the firm)
Regarding Santomassimo’s announcement about increased layoffs by the end of the year….
The employees are not the problem. Companies don’t fail because of their employees. They fail because they have bad leaders. Charlie Scharf is not a good CEO simply because he is not John Stumpf. Why are we, once again, eliminating the honest... — read more
Uptick in LOAs
So many people are taking leaves of absence. It's the one lever we still have. The significant increase is obviously due to RTO mandate. WF would be wise to reassess its stance and leadership, given that companies don't achieve their goals when the... — read more
Correlation to "Fargo the virtual assistant" being rolled out along w/ major US cuts?
Curious, as I read this email about the launch of "Fargo" - the Wells Fargo virtual assistant - if the rollout isn't intentionally timed with the big layoffs happening and coming... to lessen the pain of having to interact with Indian people who... — read more
CFO predicts layoffs will ramp up; not enough of us are quitting
From CFO comments this morning: The San Francisco-based bank also warned that, as attrition has slowed down, there could be some onetime expenses by the end of the year in terms of severance.
Big Reductions in Commercial Bank Tech Coming
Hearing big hits as more jobs going to India to save US labor costs.
Wells Fargo - Enterprise Risk Layoffs
Layoffs happened today in Enterprise risk. Wasn't surprised, the last three months I have been writing up procedures on what I do and training staff in India.
What time do you leave the office when you come in for RTO?
I normally see most people in office leave around noon.
Rest assured, if Wells Fargo can find a way to get it wrong - they will.
They will put undue pressure on employees and managers to meet sales goal (yes, they still exist), customer-service goals, cost-cutting goals etc, routinely creating dangerous Conflicts of Interest. They will routinely spend dollars to save... — read more
Who's the brain trust behind "VDI"?? Id--t
Good Lord. So far today, I've had to reboot 3 times and finally was able to get past 5 times of "remote connection failed" before i was able to get onto VDI...and now my outlook is wonky (yes technical term). I am in some sort of safe mode and I'm... — read more
Take a step back
WFC is just a job, plain and simple. Don't get caught up in the whole "going over and beyond" mindset because what you'll end up with is a higher bar for what they expect from you and that's it. Trust me, keeping it at a reasonable level saves you... — read more
RTO was BS
June came and went. All those threats about RTO were BS. None of the admins.. sales assistants processors closers or underwriters are going in the office 3 days. Even the managers are MIA. Regional sales consultants. Market managers. Branch... — read more
New York City?
When did New York City become a approved hub? To my knowledge it l hasn't yet we are hiring people in this location. Even our CEO. How is this fair?
A traitor is a person who betrays a country. Let’s talk about Offshoring.
What kind of man is a CEO who intentionally betrays his own country by sending American jobs overseas in the search for profits??? A shameless egotist with a broken moral compass is the answer. A man who puts profits above loyalty, a man who puts... — read more
My Jobbie lies over the ocean
My Jobbie lies over the ocean My Jobbie lies over the sea My Jobbie lies over the ocean Oh bring back my Jobbie to me
Laid off? Wanna talk about it?
Hi there, I'm a business journalist working with Bank Automation News, and I'm looking into the wave of layoffs that has recently hit many major banks, including Wells Fargo. If you were laid off in Wells Fargo's last round of cuts and would be... — read more
Has Auto been sold off yet?
Has Auto been sold off yet? No? Ok, just checking. Been on the chopping block for years. There are always new ways of buying and financing vehicles popping up in the marketplace, so the market isn't dead (far from), but no one wants to buy Wells'... — read more
Workplace Technology
It's nice of MB to gaslight people for the failures of VDI. It's your fault you didn't do enough training and you didn't use the two week user testing period properly. No MB. The VDI implementation sucks.