Bridget brought him to do what?

Is it just me, or was this round significantly bigger than the usual Tuesday rounds?

Let's start with: Is Wells Fargo a good place to work?

Was someone laid off ? Or what is going to happen

Trying to tally up as much as we can. I know COO was slammed. One ENT COO group was cut by 17. What else we got?

The annual Wells Fargo employee survey opened today. It’s supposed to be “confidential,” but I can’t help but question how anonymous it really is. Can anyone else relate? Feels like no matter how honest we want to be, there’s always that concern in... — read more 

Thousands upon thousands laid off while thousands are being added to India. How is this not in the news?

So they cut like 1/4 my group. Also found out they plan to cut those not in a core location very soon. If your not in a core location expect to be cut in the next couple months, its a 100% sure thing.

You know morale is at an all time low. You already know what’s bothering us. Do not bother with employee appreciate week either. Just leave those who are left alone to do the work that you are paying us to do. We are exhausted. The end.

Were there any layoffs at West End Center in Winston Salem today? Since they are, supposedly, emptying the building by end of June the consensus seemed to be that we'd get layoffs today to comply with a 60 day notice. I work there but didn't get... — read more 

I disputed my performance review last year. It was a bit contentious. I did manage to get a meets on my review this year. Also, my team is hiring within the US (P4). I am a P5 as well as over 40. Is it worth pursuing a legal route or raising a... — read more 

Has anyone heard of upcoming ORM layoff dates? Hearing it will happen in the next month or so but curious if anyone heard anything regarding the topic.

I am dealing with new people at WF who replaced really, really good employees in the last year. The displaced folks were told "we're upgrading the position, many will be retained " but then WF got rid of almost all of them in their position. ... — read more 

Layoffs are being done by highest tenure according to management. Lost several people in Intake and Research in Conduct Management. Coincidentally they've been hiring in India for these positions, but I'm sure its just a coincidence.

How can senior managers displace people with a straight face for location strategy when executives are sitting in non hub location. Example Joe Bernardo is in Ohio for Fraud Claims management. Never moved to a hub. But doesn’t have a problem... — read more 

Apparently there is not enough money to pay employees, so people keep getting laid off every two weeks. But somehow there is enough for a $40 BILLION share repurchase. And here I was, thinking we were struggling. Make it make sense, please. For... — read more 

Today was my day. I've been preparing since we got the first notification about location strategy so no surprise. It was a good 26 years for the most part. Now I can enjoy having a stress free summer. Tech is being hit hard today. A lot of valuable... — read more 

I filled it out and am ready to hit submit if I get that dreaded meeting notice; Otherwise, I'll wait until later this week.

Woke up, fell out of bed Dragged a comb across my head Found my way downstairs and drank a cup And looking up I noticed I was late Found my coat and grabbed my hat Made the bus in seconds flat Found my way upstairs To a conference call only to find... — read more 

Hold on 1 more month. On June 3rd. Wells Fargo will offer packages to all who voluntarily choose to leave the bank.

Tomorrow big layoffs

From a comment in another post that was: "Yeah location based layoffs are happening this week. Some will get relocation offers and some…won’t." Drumroll for tomorrow - let's see!

April 28 (Reuters) - Wells Fargo (WFC.N) has cleared its twelfth consent order since 2019, the lender said on Monday, moving closer to fixing longstanding regulatory issues that have kept the bank under strict oversight and an asset cap of $1.95... — read more 

Specific Instances: Hillsboro, Oregon: Wells Fargo is closing its call center in Hillsboro and laying off 500 workers. Des Moines, Iowa: Wells Fargo has announced layoffs in the Des Moines metro area, including a recent round of 33 employees in... — read more 

Do they generally have your manager contact you or do they simply send an email? Is it first thing in the morning or do they dribble them out throughout the day? TIA!

A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday. The orders resolve actions the Office of the... — read more 

What do yall think maybe using a months PTO to go to Italy till things calm down . Not answer my phone .

How many layoffs are going to happen in SF.

What happened in credit risk today? Does anybody know?

Charlie and his gang of thugs have set April 29th as the date to inflict the biggest most massive one day layoff yet. In one fell swoop they will eliminate 15% of the domestic workforce in a surprise layoff that will awe the domestic workforce into... — read more 

https://nypost.com/2024/12/20/business/jpmorgan-wells-fargo-bofa-facing-federal-lawsuit-over-zelle-payment-network-fraud/ A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect... — read more 

the employer is not legally required to report it under the WARN Act? Just trying to confirm if that’s why some layoffs don’t appear in WARN r

https://www.businessrecord.com/wells-fargo-bhfo-announce-layoffs/

Has anyone been asked to move yet? Is this just a scare tactic to get people to quit and they won’t actually enforce it fully? I keep getting told I’ll be impacted, but no timeframe or details at all

Anyone aware of specific COO control layoffs for 4/29? More specific Commercial Banking and/or Ops? P.S. I heard tech was effected 😆

You’re not family - you’re a transaction. Your employer might act like they care, but the moment you cost them money, become a PR risk, or even just step on the wrong clause in your 1000-page contract, they’ll drop you without hesitation. Period. You... — read more 

As more work is shuffled off to India with each passing day, I was just notified that they are taking corporate phones away and want us to leverage BYOD. He-l no to that. Let’s cut everything here just so Charlie can get his fat paycheck. — read more 

I follow this board because it used to break real scoops. I found out about the CISOs leaving before it was announced both times. There used to be useful information from people who really did have information so we weren’t caught by surprise. Now... — read more 

Just wondering. Kinda freaking out given the quarterly results. It’s flat for my LOB.