The cruelty is the point. WF will never win w/o employee support. Never.

ARE YOU KIDDING ME?!!! Let's think back shall we? To a few years ago when ALL of Wells Fargo employees were told to start working from home - on basically a day's notice. We worked that way for 2+ years without issue and EVERYTHING ran smoothly. ... — read more 

Its very comforting to listen to. That is all. Have a great Friday.

A senior leader in my area was laid off this week. We had an "URGENT meeting" with about 15 minutes notice to be told about it. First off...STOP IT. You know, as management, when the entire team gets a "URGENT meeting" notification from a senior... — read more 

FRTO and F all the execs that are saying it's because we are better in person, the 2 plus years of the pandemic proved that most were better working remotely, but that hurts the corporate real estate values. They need to be able to dump them first... — read more 

https://www.yahoo.com/finance/news/ceo-says-many-remote-workers-182557422.html

On the one hand- Charlie says he wants to “grow our investment bank”, competing with global giants who have been perfecting their craft for decades. And he also says he is focused on building our Wealth Management business “acquiring, building... — read more 

Why is lockbox turning to a ghost town?

https://finance.yahoo.com/m/de8f590e-ae50-3426-a96a-ba1e7e4437ac/wells-fargo-faces-another-big.html Yes this was posted about several days ago, but I do get a bit of pleasure knowing this is causing Charlie & Friends some pain. He deserves it. I’m... — read more 

I'm in sales and keep hoping I get laid off. However, I'm located in one of the "core or focus" areas for mortgage going forward. I've been with company over 20 years, but I am done working on the sales side. I've applied for multiple other... — read more 

= Forced relocation = New 5 day RTO to justify expense = Significant financial support for a state/governor that clearly does not align with WF DE&I strategy (which is a smokescreen, clearly, as actions speak louder than words) = One of the... — read more 

https://techcrunch.com/2023/03/20/the-cloud-backlash-has-begun-why-big-data-is-pulling-compute-back-on-premises/ "The great cloud migration has revolutionized IT, but after a decade of cloud transformations, the most sophisticated enterprises are... — read more 

Thought it was a joke until I saw this for myself. Something is definitely wrong here. People should look into this and raise complaints to LinkedIn before we bring in more people to this lay off sla-ghter house. Article:... — read more 

All of the layoffs are coming from the downtown Des Moines locations. A total of 78 laid off. These all appear to be non-working 60-day notifications. Per usual, not a lot of people.

The cost is even higher if you make a hood down payment. in other words, having good credit in this country is now being penalized. https://nypost.com/2023/04/16/how-the-us-is-subsidizing-high-risk-homebuyers-at-the-cost-of-those-with-good-credit/ — read more 

Fixing format issues - There is no way this is based on performance (Data from proxy statement) Executive / Total Performance Achievement / Increase in Total Compensation Scharf: 108.1%; 15.4% Santomassimo: 113.5%; 6.8% Weiss: 104.1%; 53.6% Mack:... — read more 

t's challenging to maintain a positive outlook on this bank that has laid you off. This bank is full of contradictions. Despite being considered too big to fail, this bank is failing in some areas -- resulting in layoffs of both employees and... — read more 

More than 700 Wells Fargo employees in 29 states are involved in an effort to unionize the bank — which, if successful, would become the first of the nation’s largest banks with a unionized... — read more 

I truly hope the next person to tell me layoffs are "nothing personal" so we shouldn't blame the company is laid off the following day. I'm tired of a-s-kissers who keep defending WFC over things that are undefendable. No, we don't need this many... — read more 

SEC.govhttps://www.sec.gov › press-releaseSEC Adopts Rule for Pay Ratio Disclosure Friday 8/4/23- Pay Ratio Disclosure Day observed. On 8/5/2015, the SEC Adopted Rules For Pay Ratio Disclosure. All employees of companies with a CEO pay ratio greater... — read more 

Hearing that a decent number of 4/18 firings were age related? the oldest ones in the team were let go in a majority of the situations. can anyone else confirm? Is there a lawsuit coming soon?

I was told by my boss that I should be prepared for Wells to return to 5 days a week expectations. They didn't say when or if it would be company-wide, but that was the indication they got from their boss. Anyone else hear that?

HINT HINT

Looking into getting a job at Wells Fargo, think again. I’m sure you’re here trying to get a feeling of what it’s like and let me tell you—it’s miserable. We hate each other and the office. Get a remote job as if you’re life depended on it. God... — read more 

They just laid off hundreds of sales, including top performers. WF will never be successful when they keep hiring entry level processors. Processors are the key to smooth transactions. Most processors here don't understand what a loan is, much less a... — read more 

Just looking for feedback/thoughts on this organization led by Shaun McDougall. Any thoughts on the strategic direction? Positives/negatives?

Just trying to figure out WHY? Closing old campus, laying off thousands of employees just to build and open up NEW campuses.

How do you deal with the cognitive dissonance here ? Everything is upside down; good workers get punished or abused, bad workers get no repercussions, and the list goes on. Unequal treatment in RTO, etc. Gossip to tear down a contributor but... — read more 

So mortgage processors are displaced because they do not live within 40 miles of one of the four hub locations due to RTO coming. Yet the processing managers all are still here living out of state. Please explain how this works when we all go back... — read more 

On a team where only one employee is displaced, how do they decide which employee?

Once again I get to reset my sign that reads "It has been ___ days since the last layoff at Wells Fargo." to zero. I put it up as a joke with a coworker about a year ago, but it stopped being funny a while ago. I don't remember the last time the... — read more 

Anyone know the full details of severances from EDM layoffs on 4/18

So I was laid off today which was expected and looking over the severance documents, it doesn't state anything as to what happens if you get a new job during your 60 day non-working notice. I start a new job in a few weeks and was wondering how they... — read more 

Could you check under some rocks for Leo? SVB forgot to take his garbage with him.

https://www.bloomberg.com/news/articles/2023-04-17/wells-fargo-privately-worries-union-resurgence-could-reach-its-workers-next

Wells Fargo setting themselves up for next lawsuit. 5 day work week for branches they closed on saturdays….branches that remain open can flex a day during the week only if your non exempt and work longer hours on remaining days.The exempt managers... — read more 

Heard layoffs in May will be larger than the ones today- anyone hear this and know which business lines will be impacted?

I add very little value to the organization, but (apparently) lots of value to my boss. I really serve no customers, but handle a lot of emails for my boss. My biggest value seems to be the fact that my boss looks to me as one of the few on his... — read more 

WF needs to axe this location. There are way too many silos here.