Heard layoffs were first thing in the morning from an affected co worker. Are they done or just going down the list? I still have hope.

So far I heard of 12 people across the Tech world that got laid off today. Some being in hubs and some that were not. So let's see how many more and when will it happen again.

Just got laid off after 10 years.

It is always very telling what the board doesn't want passed- "annual report on prevention of workplace harassment and discrimination" board recommends against. Kinda puts those anti-harassment and anti-discrimination classes we just took into... — read more 

Anyone affected along the entire east coast should know by now. Of them, a fraction would have made a post here...yet we have barely seen a thing. Has it been delayed?

Report it as phishing and move on with your day.

If you are impacted by today's layoffs, please comment below with title and location. (remote or hub.)

Received email for meeting today at 730. Let go from CAO supply chain. No notice and I was a sourcing manager with staff. FML

Wooo! Godspeed all! Time to “Chuck” the chaff and get rid of all of these mortgage monkeys. Loan consultant, loan specialist, private mortgage banker. All synonymous with dead weight. Good luck y’all. Time to actually get a productive job that... — read more 

Tighter Credit Conditions are Immanent - Look at the chart, all banks to the right of SVB are likely already reorganizing their balance seets https://archive.is/ihCTw/5d4e69d839a96f47202e46fc37c336aa1aa90b3a.avif Source: Paywalled:... — read more 

My 401K is down 8% this year. I was planning to retire in Feb 2024. I guess it'll not happen. Bummer.

Norton became a board member at Credit Suisse after she left the CRO role due to her stellar track record of managing risk here.

Uninsured 5B lifeline from WF and others to stabilize FRB. They dropped 45% today, S&P ratings cut.

Can someone explain how an entire over bloated team that’s sole job is to publish procedures the business can revise/publish themselves is STILL standing when they support all of mortgage? How has this team avoided ANY layoffs??

Highly compensated people laying off less compensated people because they're too expensive to keep employed.

What the heck?! We gave First Republic Bank $%MILLION dollars last week, along with some other stupid banks, and today their stock is STILL TANKING and their credit rating is also tanking. Good Job Charlie ol boy!!

THE layoffs?

The leadership doesn't hold employees in high regard. This should be common knowledge. They see me and every single one of you as just another replaceable cog in the machine, always on the hunt for someone who can do the job for less. It's not... — read more 

WF is now called a systemically important bank (SIB)

Does that mean you're not going to get laid off? ;)

How many were laid off on 2/21, 3/7? Just trying to gauge a comparison considering many have said 7k minimum on 3/21?

Still on, pushed back or canceled? And if still on what business lines will be impacted?

https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/

Wells Fargo's Market Cap has declined by more than 25% since Scharf was hired. At this rate, WF will be where Credit Suisse is now, in a few more years. 9/2019 - $215.34 Bn Now - $143.26 https://companiesmarketcap.com/wells-fargo/marketcap/ — read more 

Will the 3/21 mass layoff have any influence on a bank run, or do most people not pay attention to these things?

RIP

https://www.vox.com/technology/2023/3/16/23642978/facebook-meta-layoffs-bad “….Additionally, research shows that layoffs don’t actually save companies much money. Savings on salaries are mediated by severance expenses, not to mention the lost... — read more 

filling out a multi tab complicated form with inadequate character spaces and illogical instructions for every little thing that needs to get done at the bank. rude managers. rude coworkers. having to "follow up" on things more than three... — read more 

Charlie is acting like he's leading a circus and not a bank. How is that man still in charge?

I was a custodial engineer in Des Moines for 17+ years. I got to work on Thursday and my mop, broom and cleaning supplies were missing. I texted my boss and was told to meet him in the janitors closet. It was there that I found out that I was being... — read more 

Whatever happened to the poet that would give nice rhymes about Wells Fargo doings? I miss him/her. They need to come out of retirement with some new poems.

One example of how crazy things are in IT&V. Imagine telling your boss that you are getting promoted to his level without his knowledge or input. HR issue anyone? Lol Fodor literally told his manager he was getting promoted to his level in... — read more 

There's going to be boatload more layoffs than already expected!

"A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week." "The paper by four professors concludes that the... — read more 

https://www.cnbc.com/2023/03/17/jpmorgan-ceo-jamie-dimon-aware-of-jeffrey-epstein-trafficking.html

If automation scripts and code, we developed has full of bugs, then what tool to use to test the automated scripts. Whom has to check this and how? Where is the Automation Team Manager? Does current development manager have any knowledge on testing... — read more 

https://www.axios.com/2023/03/17/svb-employees-blame-remote-work-for-bank-failure

For those of you “in the know”, is 3/21 still happening, and if so, which specific groups will be affected? With many locations attempting to consolidate into one building (Des Moines for example), you’d have to think a ton of extra space will need... — read more 

In the face of wokeness and pursuit of diversity, equity, and inclusion the male CEOs Kovacevich and Stumpf who were also invloved should go to prison with Carrie Tolstedt.

Come on Wells (pokes with a stick), show us how progressive you are and be a leader for this. Imagine how many greenhouse gasses we can avoid using. Does that matter any... — read more