I find it ridiculous that the captain is quietly laying off thousands of employees, while at the same time getting a raise that he said he would be declining. HERE’S A THOUGHT ON COST CUTTING! HOW ABOUT STARTING AT REMOVING THE CEO FROM BEING... — read more 

That's an interesting switch up.

Guess all the cheer leading helped after all!

Interesting tactic at JPM. Focus on RTO for the senior managers to 5 days per week. https://finance.yahoo.com/news/1-jpmorgan-managing-directors-asked-141505483.html. This is the opposite of WF where the workers have to RTO but nothing about the... — read more 

You have been warned

I hear mumbles and whispers that something BIG is happening in Q3 or like 6 months, anyone have any idea? I heard things like a massive layoffs to selling off big units like CIB etc...

You know Charlie will follow. https://www.linkedin.com/feed/news/jpmorgan-nixes-wfh-for-directors-5229129

Old-fashioned management is failing to reverse the productivity slump. It’s time to ‘grownupify’ work BYAMY LESCHKE-KAHLE April 10, 2023 at 4:53 AM PDT Putting extra pressure on a burnt-out workforce is unlikely to get productivity growing... — read more 

Numbers are in and payouts have happened. Next round of mortgage layoffs

Heard confirmation that their bonuses will be impacted for non-compliance More in the bonus pool for us grown-ups Keep up the good work. I want even more money

RTO proponents, also known as beta cucks, can barely keep their ball gags in long enough before begging daddy schart for more. Let's try a RTO cuck riddle. Two RTO cucks arrive at their respective office locations on Wednesday morning. Cuck #1 is... — read more 

The damn thing signs itself out after 5 minutes and I'm constantly having to log back in. Huge pain in the a-s. Any tricks to keep the computer from locking?

The company looks like it's based in India. What's also pathetic is he wants software engineers, AI and data headcount but is offering up salaries that are pathetic. This place needs to reduce headcount and attract better quality headcount, but... — read more 

The stock has performed abysmally under his tenure. We still have the consent orders and asset cap in place. Management effectiveness as measured by ROA and ROE trails our peers by a LOT. We have jettisoned our core businesses that the enterprise... — read more 

As a shareholder Charlie has been incredibly disappointing with the low amount of layoffs. Was just reading how Elon cut 80% of twitter We need that here desperately. I had a simple ask recently and had to fill out 3 forms and deal with 5 teams and... — read more 

Read this board and you can see clearly the problem. This bank is run like a charity. They have thousands of dead weight headcount that they should have fired years ago. But instead they're in this odd PR position where they're afraid to layoff... — read more 

Came back from leave two years ago to my work mobile being deactivated but no instructions on on what to do with the actual device. Left WF and included the mobile in my list of equipment that I had. I received instructions on what to do with my... — read more 

I guess we needed a project methodology that aligned to the dysfunctional organization the C-suite aspires to create. “Waterfall replicates the social model of a dysfunctional organization with a defined hierarchy. Agile, quite often, replicates the... — read more 

that is all

Thoughts?

Shareholders deserve the objective facts, without the PR spin, as do our customers and regulators. They are only hearing Charlie Scharf’s misleading public statements, which often embellish and obscure the truth: “We are making a significant... — read more 

Interesting article in the New York Times about a better way to get employees to RTO. What would you consider if WF management were to adopt the approaches suggested here? Paywall version:... — read more 

On average, companies lost about $300 per loan in 2022 according to the Mortgage Bankers Association. https://www.mba.org/news-and-research/newsroom/news/2023/04/06/imb-production-profits-falls-to-series-low-in-2022

Tf is Wells Fargo living in the dinosaur ages with EVERYTHINGGGGG. I hate this place!

This has probably been brought up a few times but it just doesnt make sense to me. My boss sent me an email saying I was averaging 2.6 days a week in March. I definitely try to be in there 3 days or more a week unless I am on PTO. So how the heck is... — read more 

Plus 3 to 5 percent or minus 3 percent in Stock? They might surprise everyone with a blowout quarter by picking up business from other failed banks and nervous customers looking to switch

Does anybody have an unconventional return to office arrangement? What I mean is say May has 23 working days and if they want us in the office 60% of the time that equals just under 14 days. Curious if anybody has an arrangement where they come in... — read more 

This many not be the case with every department, but I have been witnessing this problem throughout many areas of the various divisions of Wells Fargo for years. The problem is that our Managers are not involved in and overseeing the daily work of... — read more 

2023 Annual Meeting. Time to vote - proxy through April 24. I'm voting against everything they are for. Especially BOD!

Heard this is the big date which will impact many LOBs anyone heard any details around this.

Here is a PTO cancellation question I have. I'm a software developer at and I'm working on a very high-impact project with tight deadlines. I got sick back in early February and ended up having a heart surgery in mid-March (I'll be out of commission... — read more 

My division was going through a re-organization so I volunteered for RCSA because I knew some displacement waves were on the way and I was SOC7 out of my role the previous year. I have been with the bank 16 years. I am dealing with co--y 40 and under... — read more 

Wells Fargo has a lengthy record of misconduct and failures to remediate. Its latest enforcement action involves a $30 million settlement with OFAC for sanctions violations from 2008 to 2015. These violations include three separate OFAC sanctions... — read more 

From 2 wks/yr to 1 wk/yr with a max of 26 weeks. Wouldn’t be surprising.

Hi Managers,, did anyone ask you to make a list of people who might get laid off soon? My colleague mentioned it, and I'm just trying to see if it's true. I don't think it'll happen before July, but I thought I'd ask around to be sure.