"It is our expectation that U.S. home prices, as an aggregate, will decline by single digits in 2023 and single digits again in 2024." "The problem is, there are a ton of investors sitting in money market funds passively. The answer is making our... — read more 

https://fortune.com/2023/06/05/half-finance-workers-would-quit-bosses-required-them-more-time-in-office/

Never worked at a place so absolutely flooded with unqualified Indian headcount. Most offshore produce next to no quality work even after a yr of hand holding.

Stacked ranking is now in full swing at Wells Fargo. Previously, Scharf used stacked ranking at Bank of NY Mellon and it became a tool to fire Americans and offshore jobs to India. It worked until during an audit last year by DOL found a large... — read more 

Hey everyone! Quick question… how are you handling the influx of bugs including roaches at your workstations in the office buildings? Now that summer is approaching we are getting all sorts of 6 to 8-legged friends coming inside to collaborate with... — read more 

All they do is repeat and repeat the same phrases all the time. How come none of them get bored of it?

At least training is providing some comic relief. Took Complaints and Records Management last week. Knowledge check - don’t tell anyone where you work because you are responsible for managing every complaint you hear… from the Uber driver, your... — read more 

You are dreaming if you think there will be no more layoffs. This is only the beginning. They will be moving thousands of jobs to India and the slums. Chainsaw Charlie is going to cut 60 percent of our work force by year end. He needs to finish off... — read more 

Potentially in some trouble, ultimately due to long-term issues with anxiety and depression. If I get fired (or "laid off" but really fired), will that show up on my formal WF reference? Or will they just give dates? I have a previous WF manager... — read more 

https://www.bizjournals.com/sanfrancisco/news/2023/06/05/buyer-under-contract-for-steeply-discoutned.html So they we bought the building back in 2005 for 108 Million. Great location right across from the BofA building, next to Omni, around the... — read more 

Instead of hiring one Yes-man after the next, Charlie needs to invest in a respected team of “devil’s advocates”. He needs advisors who are strong, confident, honest and have the foresight to stop him before some of his bad decisions get off the... — read more 

Please let it be the pompous a$$es and over dramatic be-ouches in Control and BSA out in west des moines

Might have started out as a good idea, but it went off track. The interviews have been too over the top in an attempt to “make it fun”, but the result has been unprofessional and a lost opportunity. I’m guessing the Managers who are being... — read more 

When will Charlie finally finish off mortgage? The HMCs that are left are pathetic. Our processors closers and underwriters that are left are the bottom of the barrel. India is screwing up everything they do. Realtors builders and borrowers... — read more 

I’ve been given a job offer in project management. I see a lot of downside but is there any upside?

Wow!

Early talent season is upon us. Gosh I love looking at those excited young faces. A bunch of kids fresh out of school ready to prove themselves in this fair meritocracy we call corporate America. Eager to jump on those stretch opportunities that the... — read more 

Does anyone know if it’s impossible for one that has a remote exception to move roles internally and move the exception with them? Is this something that can be negotiated in an internal move?

Is there even a small chance that there'll be no layoffs this month?

Typically that’s rolled out in Q1 but I guess it’s delayed to Q3? Any insight? I’m actually thinking we may get a nice bump to comp. I know this board is all doom and gloom on mortgage but I think WF really does want to keep all the top folks in... — read more 

Full disclosure I was forced into this dreaded DM job when Wachovia was acquired. Was there several years (Cali market) and worked with the sc-mmiest of the sc-m some of where mentioned in the WSJ. Curious to know how things have channgrd since many... — read more 

I’m posting this out of curiosity if anyone else is experiencing this with their branch managers. My branch manager constantly takes over an hour lunch breaks and leaves early EVERY DAY between 330-430pm. You would think since she’s salary she would... — read more 

https://finance.yahoo.com/news/wells-fargo-seeks-settle-banking-170042899.html Chuckles, this is all you.

https://therealdeal.com/chicago/2023/06/02/mcdonalds-hq-owner-sues-wells-fargo-bank-of-america/ We can't even manage a loan correctly. How are we even in business?

No transferable skills, don’t produce anything, makes PowerPoint decks and uses buzzwords

RTO, RCSA, MRA, SHRP, and every fu----g platform gets alphabet soup name as well.

Is there a way to know how many employees we've lost in the last 6 months? Not just through layoffs, but also through attrition and those who have retired. I've been trying to find a current total number of employees at Wells Fargo to prove a point... — read more 

https://www.dol.gov/newsroom/releases/ofccp/ofccp20221121 Looks like old Cuckie Scharf gotta real bad history of discrimination against a certain class of people. He fought hard to resist a shareholder demand to conduct a racial audit...and now you... — read more 

If I resign while under a performance improvement plan, am I added to the Do Not Hire list? Can I come back later into a different position? After a year or so? Wells is a major employer in my town. I am in a hub city. Anyone know? Business... — read more 

Positive or negative? Looking at a role on agile team

We had a successful day of resisting RTO and lowering productivity. My team of Business Execution Consultants stood in solidarity as we did no work together. Let’s continue to lower productivity in protest of RTO. Workers of Wells - know that there... — read more 

https://www.charlotteobserver.com/news/business/banking/article275981206.html investors. That money is in addition to $500 million previously paid by Wells Fargo. Tolstedt also agreed to pay other remedies totaling close to $2 million, according... — read more 

Just heard that our tech agile teams must now be in the office 3 days a week to be compliant or else. Any bets a 5 day minimum is next?

https://www.investmentnews.com/wells-fargo-hires-another-jpmorgan-executive-for-wealth-management-238240

This is absolutely ridiculous. Who is managing these accounts, DEI hires? I would have been better off with a high interest savings account.

I have been at the same level for ten years and want to get promoted. Anyone have websites?

Workers of Wells Fargo. You have been oppressed by your management. This corrupt institution has oppressed your communities. You are better than this. Turn your badges in. Drop your laptops off. And never look back. The future is uncertain... — read more 

Sign this for Charlie please: https://actionnetwork.org/petitions/wfwu

CB is announcing more layoffs on 06/08/23.