:(

Anyone else?

2018: Why do we need all these rules for banks and trains? 2023: Oh Translation: Those w/thirst for power and $$$ are like toddlers. They will push every d*mn boundary to get what they want. Unchecked greed has consequences. You want to know... — read more 

All our agile folks in madhu/rich/tony org got bonuses above and beyond last years. All for doing absolutely nothing…You wanna be secure, get yourself into their garage. What a joke.

Instead of layoffs, how about you invest that $5 billion deposit to First Republic into your own employees.

I swear managers are in a revolving door in my area - come in with ZERO knowledge of what our team does, we spend at least 3-4 months trying to train them only for them to totally change things up in w a way that makes no sense only to leave for... — read more 

Search WARN act + your state to see if layoffs are heading your way. Not surprising that WF did not follow this before a round of layoffs in December though in my state.

Unbelievable.

The "No Hoper": Characteristics may include: Eyes focused on work queues only Limited pattern recognition no matter years of experience (Groundhog's Day) Dense. Conversations about simple things feel laborious Reports detailing... — read more 

Richard Kovacevich and John Stumpf were involved and pushed their cross selling from the top down.

https://www.cnbc.com/2023/03/16/ceo-bosses-who-force-rto-have-control-issues.html “Why three days a week? Why not four? Why not two?” he says. Many bosses land on three days a week as if it’s “the magical number. It’s not. You should have a reason... — read more 

Why would Wells Fargo and other big banks bail out( $5 billion each) First Republic Bank? What if that banks still fails in a few weeks?

We still have the asset cap for last time we pushed people into products and services they don’t want or need and now branch employees are being taught by managers and district managers that our job is to try and get people to do loans and credit... — read more 

For everyone who has proclaimed how miserable you are working here; If you're still here in April and you have been holding out hope for a package what is your move? If you don't get the golden ticket this month it might not ever happen (unless in... — read more 

16 months for Carrie T. is better than nothing. These people should get the maximum sentence permitted under statutes. Then put her in general population in a male prison. Rotten to the bone. Ruined so many peoples' lives at WF (current and former... — read more 

Too bad about that asset cap he’s been unable to do anything about.

The agreement filed Wednesday in a Los Angeles federal court calls for the former Wells Fargo executive, Carrie Tolstedt, to serve a 16-month prison sentence for obstructing regulators' investigation into abusive sales practices that culminated in... — read more 

Analytic managers have super hard jobs. They have to attend meetings. SUPER hard job.

Scott Powell's town hall on 3/21 has been postponed. Any ideas as to why?

Does anyone have solid info about what tech groups can anticipate layoffs - IT, development, digital design?

Due to recent economic conditions, I've come to realize that the modern dream of buying a house/starting a family is a tenuous one at best. The fact of the matter is that there is a finite amount of resources on the planet, so infinite economic... — read more 

As March 21 grows closer, or March 23 or 28 or 30 or whatever, I can barely contain my hopes that there really is a big chop and I am included. I don't think I would be included in the purposely small layoff waves for quite some time, so I view this... — read more 

https://www.msn.com/en-us/money/companies/hundreds-of-google-workers-in-zurich-walked-out-after-200-of-their-colleagues-got-laid-off/ar-AA18EXso?ocid=msedgntp&cvid=529d6626477d49308f13d08af706330b&ei=17

Pros and cons?

Some news articles are suggesting that the top 4 mega banks will be the benefactors of the latest banking woes due to nervous customers moving their money to the “too big to fail” banks. I’m wondering if Wells Fargo could reach a point where they... — read more 

Wells Fargo’s IT departments spends huge amounts of money and resources trying to ‘automate’ their testing. ‘Automated testing’ is a contradiction in terms. You can ‘automate’ a process but then that process needs to be tested. Legacy ‘batch... — read more 

I haven’t seen any funky business… still busy getting loans and all calls still scheduled. We have a huge pipeline.. who will handle all the customers? BTW- who is OP? Commonly referenced here.

Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors, per CNBC.

The offering may include debt securities, warrants, units and purchase contracts. The filing does not necessarily indicate that a sale has begun or will occur in the future. The company intends to use the net proceeds for general corporate... — read more 

These are a joke. Probably what it feels like being the red headed stepchild. Just be sure that when you’re chopped, you take the time to make sure Workday is updated with your personal e-mail and phone. Would also highly recommend opening... — read more 

Nice job tone-deaf Mgmt - way to stick it to the employee holders of RSUs vesting on 3/15. You couldn't wait until March vesting passed by....

Sold some FRC puts I bought yesterday for a tidy profit. Moody's downgraded the US banking sector today. Buy when there's blood in the streets.

Des Moines has a stagnant, tiny population to recruit from, and it shows everyday. What possible value in the eyes of execs does DM possess? Cheap labor? Maybe, but it can't be that much cheaper, and that cheapness is accompanied by subpar talent... — read more 

My group in the COO organization is under a hiring freeze. Any others?

Is there a company-wide initiative that is directly driving lower level managers to micro-manage their employees a lot more, or is this simply an indirect result of the toxic environment created by upper management? In my line of business I am... — read more 

Email yesterday about hard freeze on changes given volatility. Yes it's risk mitigation, but a bit concerning nonetheless.

Not sure what others are seeing, but never seen something like this before. Is the company limited though in how many new deposits they can take? It's going to be a strange concept to denying people a new deposit account because of the asset cap. ... — read more 

https://www.rebellionresearch.com/will-wells-fargo-fail