Anyone knows what do they mean when they say Speciality market locations? Are they going to be closed as well? No trolls please, or insensitive jokes, people and families are already going through a lot.
WIM OPS
WIM OPS hit hard all across the locations today I know of about 20 in my ops group displaced
Barnhart center
Well they just let go all of escalations representatives at the Barnhart center today
Corporate Risk Town Hall
Why is DF lying? We are 100% in India to cut employee costs.
It's Tuesday after a Pay Day - who was released?
Who, LOB, Manager, location, # released.......thanks!
COO Townhall
Who attended this townhall ? Full of new leaders lead by John Langley. Everyone spoke about growth across all the businesses but in the end a question was asked on how much of the “efficiency” is related to employee cost reduction and John Langley... — read more
Doing nothing?
My cube mate tells me he has not had anything productive to do in weeks after their manager resigned. Is this common? I have only worked here for two years.
$185M Wells Fargo COVID forbearance class action settlement
A $185 million Wells Fargo settlement resolves claims the bank placed mortgage loans into COVID forbearance without informed... — read more
Promotions being given to people who didn't earn them
The string of promotions awarded to people who didn't earn them has really set us back over the past few years - not only because they have no idea how to do their jobs once promoted, but because the people who actually deserve recognition end up... — read more
Layoffs - Location Strategy?
Anyone have any knowledge of location strategy for 2025? Is it still a plan? No one seems to know anything. I’ve quit clicking on this site much for that reason.
Benefit elections before getting laid off next year
Does anyone have a list of when benefits are turned off for the different stages of being laid off? For example, when does hsa contributions stop? I heard your medical plan stays through the entire severance period but does your hsa contribution... — read more
Consumer Lending Location Strategy
Has anyone heard anything in Consumer Lending regarding location strategy? My boss tells me they haven’t heard anything in months and no one I’ve talked to has said a thing about having to go back in yet. Any news or whispers about consumer... — read more
Benefits enrollment
Get your life insurance coverages, yall. You know, in case we die working in this shthole .
Truist better than Wells Fargo?
I am considering jumping to Truist. Any bad, or good experience compared to Wells. I see quite a few people jumping ship to join them. I cross posted this question to compare responses.
Tomorrow
Are there any Chainsaw predictions?
Cash Balance payout
Does anyone know when cash balance payout occurs? Is it after the 60 days notice period?
oh look another Chase hire
new head of cards and merchant is a Chase expat. are we leaving any talent behind at Chase these days? so much for internal promotion bench strength, huh.
In person voting
Does anyone know if Wells gives employees any PTO for voting?
401k match
If I was laid off in September but then hired back in November do I get my 401k match?
Have been here in a while…when did the unions take over this site
Came here looking for layoff news All the union pushing nonsense and spam on here is a waste of time and is not McCool at all
Interference with Wells Fargo Union
Wells Fargo is the only large US bank with a growing union. Apparently, the firm is interfering with that effort through intimidation tactics including layoffs. That approach is illegal. The message to Charlie Scharf is simple: don't use thug... — read more
Note of the Day
By end of year 10 percent or more of us will be eliminated. CRE losses. New reg issues out. New leadership shaking the heck out of org models. Frozen hiring budgets. 5 to 1 offshore hiring. Focus on yourselves. The company is not going to do it for... — read more
I’m sick of people rationalizing Charlie & Co.’s self-serving leadership.
“(Fill in the blank) is not a Wells Fargo C Suite issue. It’s a Corporation C-Suite issue.” In other words - you are watching Wells Fargo’s leaders destroy middle-class families, put out a mediocre product and consistently exploit their... — read more
Relocation Strategy
So basically Wells Fargo is eliminating jobs in states that have tougher labor laws for employers and where it's easier for workers to unionize, and moving those jobs to states where the employees can feel the brunt of the whip. It's a strategy to... — read more
Anyone else having issues with this site on mobile (iPhone + Chrome)?
Sometimes, no matter what I click I get redirected to an ad in an entirely new window.
PTO pay out
Is pto paid out on your 1st check during severence or your last check in your notice?
Cause of Death Revealed for Wells Fargo Worker Found Dead at Desk 4 Days After Clocking In
https://people.com/cause-of-death-revealed-wells-fargo-worker-found-dead-desk-8704783 What’s this union they mention & how can I join?
Retirement
Why did most companies pivot from pensions?
Banker connection
Ppl dropping like flies here. Anyone know the magic number before bye bye 👋? Specifically Salt Lake City hehe
What's the most ridiculous pushback you've gotten at your job?
My new favorite is people getting emails for general awareness and complaining about it to the sender who is just doing what they've been told to do. Use your great intelligence to figure out if it's not relevant or not, and if not, just delete them... — read more
If you had the opportunity to pose a genuine question at a Town Hall meeting.
If you had the opportunity to pose a genuine question at a Town Hall meeting, what would it be? I will begin. This inquiry is directed towards any Leaders Town Hall. Given the ongoing transition of jobs to I&P for cost-saving purposes, why is... — read more
Everyday Banking Lower Ratings
Get ready! We just had a meeting with Site Leaders and they are asking of us to lower the ratings don't go off the PM calculator tool, if you have a Team Member at meets find a way to drop them to inconsistently meets. You can be a level 4 or 5 but... — read more
PTO payout for Nov/Dec layoffs
If I have 10 days PTO left in the year and get laid off in Nov, will that be paid out in full or since the non working notice runs thru Jan and at that point PTO resets, I lose the 10 day PTO payout?
Wells Fargo may lose up to $3 billion on its office building loans
Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan... — read more
Burnout
Why even bother with layoffs when so many people are already leaving? Burnout is real. It's driving employees out the door, and they’re taking their skills and experience with them. But does Charlie and the rest of the leadership care? Not really... — read more
Wells Fargo news in just the last 3 days. Why do investors want to own this bank?
Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose up to $3 billion on its commercial real estate office loan portfolio. Wells Fargo has received an average recommendation of "Hold" from the twenty-one brokerages... — read more
Scharf and the OC is freaking out about the union drive
Heard that at the last meeting Charlie was raging that they're not doing enough to stop it. Saul, Ellen P, Scott, Beiling, the new Bill Daley are all under the g-n to stop it. LOL
Wells Fargo will make sweeping cuts in Oregon next year, moving jobs to other cities
https://archive.is/2jYCw WF refusing to answer anything as per usual... shifty af
Stop lying
I’m so sick and tired of being turned down for jobs within wells. We’ve been told that we can transfer if we find something in another state even in a hub city. It’s all a bunch of bullsh-t let’s tell it like it is, why would you post any new job... — read more