Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Volunteer buyout

Is Wells going to offer volunteer buyout like government and google?

Who would be fired if Elon Musk was our CEO

Operational Risk? in all its ugly forms … everyone in ITV and EBCE …. everyone in business controls … everyone in compliance prob compliance would be the first ones replaced by AI … everyone in market risk who does not have a math degree … everyone... — read more 

CFPB

If the CFPB is dismantled won’t that wipe out entire departments for banks? A lot of roles are strictly because of CFPB and consumer protection

Bonus Cut

For first time ever no bonus this year. Reviews were meets requirements. No raise either. Starting to think as an older employee they are trying to give me an incentive to leave.

WIM is now being managed by former JP employees

The entire WF WIM is now being managed by former JP employees. They are intentionally targeting legacy WF staff, trying to push them out by frustrating them—hiring hundreds of contingent workers and assigning less important tasks to WF staff, among... — read more 

Location strategy

Which buildings are scheduled to close or renew a lease this year? Name and city please…

Inconsistently Meets Rating

Could we get an consensus about what the 1st time getting an Inconsistently Meets rating may mean in this new world (basically run by former JPM people)? In my case I feel like it was to bring down my comp to save money and annoy me enough to move on... — read more 

Strategic Location updates - ask your janitorial staff

Wondering how many RTO'd employees speak with their janitorial staff...I found out part of my NC office building has been recently leased to another company (interesting since WF employees are paying for every parking space in the lot across from the... — read more 

Who should get laid off?

The managers that are claiming offices by printing out their names on a piece of paper and taping them on the office. Then, the office goes unused for weeks while other compliant employees are scrambling for space.

Cobra

Do I have to switch to Cobra right away or not until after WARN period

3 days/week

People in the know: Do you how the company is going to address ppl with less than 3 days/ week average?

60 day cost center

Does anyone know if there is a new 60 day cost center for 2025? 0180508 keeps getting less and less and 0180509 has 0.

Retiring

What are the benefits of retiring at age 55 or rule of 80 with WF anymore? Are there any?

Truist and BofA Poaching Talent (Internal Audit)

Noticed a lot of people leaving internal audit for Truist or BofA. They pay more for jobs at the same level. Seems Wells is okay with this and isn’t really responding to retain talent. Anyone else experiencing this in their LoB?

Reviews

I had a performance review with my manager today and another individual who perceives themselves as a manager. It raises the question of why someone without the official title of manager would participate in this review. For approximately 35 to 40... — read more 

2nd job

Getting laid off this year so I applied for a part-time job to work during my 60-day non-working notice and severance, while I job hunt. I submitted the position for pre-clearance approval and was met with the response that pre-clearance approval... — read more 

AML/KYC/EDD Anti-Money Laundering Know Your Customer

For anyone getting laid off from Wells or other banking companies. If you have AML/KYC/EDD - Guidehouse has positions in the Dallas and San Antonio area AND a few remote available roles. Please look up roles on Guidehouse.com.

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RSRs vesting

RSRs vest today, loving the stock price. Hopefully it keeps heading in this direction.

WF exits after bonus

Last year , hiring in banking was abysmal so I didn’t notice as many people leaving as I would have thought. This year, banks outside of WF are hiring- interested to see how everything plays out.

Dear quiet quitters: this is your fair warning

If you want to keep your job, 2025 is not the year to see what you can get away with to meet the minimum required for your job. We managers know who you are and the executives are constantly pressuring us to find opportunities for efficiency. If you... — read more 

Why I'm still here

I want to leave because of the constant layoffs, lack of proper raises, and the overall toxicity of the company. But I'm part of an amazing team with a great manager, and I know how rare that is. It’s hard to find a group where there aren’t any... — read more 

Teams Calls Etiquette

Being the loudest person on the floor when you’re sitting at the minion’s desk (cubicle) doesn’t make you exempt to everything that’s happening. It doesn’t make you look busier. It doesn’t make you look like you’re so passionate about your job. It’s... — read more 

Why the increase in bootlicker replies?

I'm seeing a lot more bootlicker replies to posts on this board lately. In fact, I'm anticipating at least one to this thread. It's weird when peasants are delusional and think that they aren't peasants. They defend the people and policies that will... — read more 

The layoffs commence…

Looks like Iowa is having another round of layoffs with 21 employees being let go from the Jordan Creek campus next Monday, February 10th, 2025 according to the Iowa WARN report:... — read more 

Laid off

Informed just now in one on one meeting with my manager. Severance is one paycheck per year of service. My lob is technology.

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