https://www.americanbanker.com/news/ex-wells-fargo-executive-carrie-tolstedt-shows-up-in-court Menu Show Search Leaders Forum Events Research Podcasts Webinars and Whitepapers Magazine Jobs REGULATION AND COMPLIANCEEx-Wells Fargo executive... — read more
Commercial Banking Layoffs in June
Commercial Banking Layoffs are coming in the June timeframe.
Why doesn't Charlie confront the Mayors of SF/NY as being unsafe for workers
Why aren't major employers in these cities telling the mayors of these cities they will leave unless they are made safe? This makes no sense to me. Employees in these cities should protest and not go into the office. And when their managers ask... — read more
Core Locations
It cracks me up how employees at these “core” “hub” locations think they’re immune to layoffs. Employees in Des Moines better polish and craft their resumes for corn plowing jobs once they get the boot. There’s nothing in Des Moines other than cheap... — read more
GM buyout: Workers offered severance packages
Love to take it and retire if wellsfargo offer like GM tomorrow. It could be goodhandshake for me for all the scarifices done to this company working late hours.
Arizona Target Branch Model
Just got word this morning from regional leadership that Arizona has been selected to pilot a new "transformative" branch staffing model. 1/3 of branches will be served by branch manager and bankers, with no tellers. Drive up service and opening... — read more
Why are there so many tech layoffs, and why should we be worried? Stanford scholar explains
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/ Discuss.
Dates for Corporate Communications Shared Services consolidation?
Does anyone have dates around the Corporate Communications Shared Services consolidation efforts? We've had high level information for the past year that it's coming. In recent meetings Corp Comm leaders have made it clear all comms functions will... — read more
Frederick, MD Office
RIP to a solid spot. Schart ruined it entirely.
"Postponed" WF Town Hall Meeting
Well, it's now 2 1/2 weeks since SP's quietly postponed company All Hands meeting with no word since then. What do you all think is going to happen? They reschedule weeks in advance of the new town hall? They reschedule quickly in advance of the... — read more
2/21/23
For those of us who were laid off as top mortgage producers in “non key states” Feb 21, how many of you received the bonus last year of 5bps monthly and 5bps at the end of 12 months for staying with Wells Fargo after they stripped WFA and WIM away... — read more
I'm getting too old for this
It's incredibly frustrating that despite my efforts to identify and address gaps in our department, my manager keeps responding with complete silence. It's as if my suggestions for improvement are falling on deaf ears. There's no interest in taking... — read more
Wells Fargo investing $500M to update office buildings in uptown Charlotte
https://www.bizjournals.com/charlotte/news/2023/04/05/wells-fargo-office-buildings-upgrades-500m-bank.html Is Charlie an id--t, sinking money into 2.1 million sq feet of office space no one wants to show up at. The guy is living in the pre covid... — read more
Offshoring and ongoing Layoffs Facts and Salaries
Layoff’s to continue through end of June. Why do we even bother to offshore anymore? Based on all the recent hiring of offshore individuals that continue, I would suspect that layoffs will coincide with this. I am not sure where the cost savings... — read more
Frustrating Manager
If you don't ask questions, ohh you are not communicative, you have to be engaged. And when you ask questions, ohh you have been here for a while and you should know this, this is trivial question. Okay, if it's trivial then tell me but I don't know... — read more
HUB Strategy
Does anyone have intel on hub Strategy???? I would love to know.
bring out the stick
good luck to all the anti rto folks https://finance.yahoo.com/news/first-came-return-office-policies-100000996.html
$500M Improvements Coming to CIC
https://www.msn.com/en-us/money/companies/wells-fargo-announcing-500-million-worth-of-improvements-in-charlotte-area/ar-AA19uJm0?ocid=hpcdhp
Climate transition town hall
Hello fellow team members! Anyone else listening to this call out of sheer curiosity knowing exactly where the majority stands on working in offices and driving/parking there daily? Is anyone going to connect the dots to their own call for... — read more
Wells Fargo stock is trading exactly where it was 10 years ago
The Dow Jones has more than doubled in the same time period: up from 14,500 to 33,000. The leadership of this too-big-to-manage bank is a clear and undebatable failure.
Operational Risk Teams
I had the pleasure to hotel on a floor which mainly consists of operational risk staff. I was surprised to see the amount of individuals sitting in their isolated offices and browsing on their phones, taking power naps or just reading news articles... — read more
My petty revenge
I left a little over two years ago. Immediately got a new role in another industry doing similar work. I'm now at full retirement age. Have funds on hand for a couple of years before needing to tap retirement funds. When I left, dear WF hosed me on... — read more
RTO incentivize
I heard RTO requirement will be tied to our incentives. Is this true? If so, I am on waiver for RTO. Not sure how I will be affected. Maybe waving a percentage of bonus/incentive.
WFC stock already down 11% from the year-end dump in your 401K.
Wells Fargo is a company where the so-called benefit of a “company match” consistently disadvantages their employees. Wells Fargo is always about the smoke and mirrors, never just straight-forward honesty and transparency. They are... — read more
Earth Month
How laughable, it shows how tone deaf our leadership is. Weak men create hard times. Hey id--ts, the biggest impact you can do for the environment is to allow more people to work from home. That idea never seems to hit their heads. Also stop... — read more
RTO
Is anyone else being dragged back to their office? I don’t understand why my team now has to do this when we’ve proven to be successful and profitable without the cubicle and 1970s corded phone for at least 3 years now. I’m distraught… — read more
The ‘tech’ support at this company is a joke
So apparently no one on the tech support side actually has any tech knowledge. Every time I chat with “IT” I just want to bang my head against the wall
RTO rules?
Please summarize
What is the incentive to stay at WF and do your very best?
Sadly the worst thing WF can do for a team member is keep them on the payroll. We are all operating at a minimal pulse rate. Yes it is stressful to get let go unexpectedly, but more often than not it opens doors, it creates opportunities. In tech I... — read more
What's the point of managers in an agile environment
If you're an individual contributor on an agile team, pretty much everything you need is handled within that team. Your manager is just a name on an org chart that you rarely speak with because there's nothing to talk about. So why is the manager... — read more
Commercial Banking Layoffs, Offshoring
Commercial Banking has forced some employees out last month after offshoring underwriting, support, etc. to India. Commercial Banking will be laying off soon.
Question for those who have left?
I see a lot of posts (not sure how many are real or trolls) about people leaving, not missing it, being way more satisfied, and/or higher paid after leaving. Would anyone who has experienced that care to share where you work that is better for you... — read more
Wells Fargo will be operated entirely by robots someday
I wish scientists would hurry up on robotics so that robots can replace literally all of us. Every job throughout all society will be performed by robots someday. Robots will be incredibly productive. They can repair each other, they have no... — read more
3.7 Score = Wells Fargo's Score at Glassdoor
Do you think that our GlassDoor rating reflects reality? Wells has an average score of 3.7 on a scale 1 to 5 with 5 being an Excellent Employer. About 41,000 people voted so far. Chase's score is 3.8, BOFA is 4, US Bank is at 3.7 just like us... — read more
Future Mortgage Layoffs
What dates, positions, and numbers are we looking to see with upcoming mortgage layoffs?
Read elsewhere: perception
“1/2 the post on this board substantiate the general perception. All the nyuckity nyuck nyuck comments show the maturity and mentality of what to expect from WF.”- -truth
RTO Stories.....tell us some good ones if your manager has had to approach you about compliance
Proud to be the first RTO poser for the week. Viva la resistance!
Cut and Run... Some days your glad you got laid off
Summary: Wells Fargo has announced the closure of its branch in the central business district of Chester, Pennsylvania. TD Bank will become the only bank or credit union with a retail location in the city. Also left are four check cashing stores... — read more
It isn't municipal finance we need to get smarter about Chuck
It's who our leaders are.
Layoff dates for control org
Will be 4/18 and 5/2.