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Topics regarding layoffs at Wells Fargo & Co.
Being able to work from home is a major factor for many. Very few companies allow it. WF never really did until they realized it was one of the only draws for employees and candidates after the scandals. When you switch jobs, you often get a higher... read more
On Tuesday, the San Francisco-based bank said it has cut jobs in its branches, call centers, mortgage operations and other areas where it expects additional reductions this year. For those who can't open the article, those are the positions Wells... read more
Heard rumors some of the division manager changes were announced late last week. I’m in BBG and was told by my manager that they were not selected. Does anyone have more details on who the selected managers are and who may be out if a job? It’s just... read more
Wells Fargo has splurged on stock buybacks since fake-accounts scandal 1:05 PM EST January 14, 2019 New York Wells Fargo's deposits and loans are under pressure from two years of scandal. It's cutting up to 26,500 jobs and shutting hundreds of... read more
"Student loan debt continues to rise. In 2018, there was a significant number of news articles disclosing the negative effects of student loan debt on the lives of Millenials and their families. I have posted several links at College Meltdown."... read more
Any idea of which groups will be effected?
Staring late last year, Wholesale Banking will be laying off tons of people. Layoff waves started last October with the bulk of the layoffs coming in Jan-Jun 2019. Customer and non-customer facing positions will be eliminated as management guts... read more
Wells Fargo customers seeking restitution If you’re a Wells Fargo customer and you’re planning to see if you qualify for compensation, it’s best to be prepared. Bring any records that would help you make your case. Take note of anything that’s... read more
History will repeat itself again. https://amp.theguardian.com/business/2019/jan/04/wells-fargo-fake-accounts-scandal-employees
Now the holidays are over the layoffs begin the first week employees return to work.
WF didn't "drop" its insurance license. It was TAKEN AWAY from WF due to WF's fraud, as part od the settlement. And if WF ever wants to get back into insurance business again, it has to wait years and then pay millions just to get back in. To poster... read more
Rumor has it that the Frederick site will he closing, and it will be announced next month. Does anyone think there’s any truth behind this?
Guess who will pay for the $575? Wells Fargo & Company WFC has finally settled numerous investigations and legal cases it had been involved in since the fake account scandal came into light. The bank will be paying about $575 million in order to... read more
It’s been more than a turbulent year, and honestly, I’m surprised that TS got it to the end of the year in the CEO chair. All facts point to 2019 being even more turbulent and I was hoping to get some opinions on how long do you think this will go... read more
Mine is simple. A new job that isn’t WF.
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Poor reading comprehension and problem solving abilities, and an almost blissful disregard for accountability and what's right and wrong.
https://www.yahoo.com/amphtml/finance/news/wells-fargo-moves-jobs-abroad-u-layoffs-government-220254120--finance.html (Reuters) - Wells Fargo & Co. has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of... read more
Glad I don’t work in that department. That’s all I ca.n say
Has anyone heard of any layoffs today? I won’t put it past WF to do it in December.
Wells Fargo sends jobs overseas after layoffs in America | Charlotte Observer https://amp.charlotteobserver.com/news/business/banking/article222369295.html#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
Their dinner tables laid out with prime rib, steaks, turkey, vegetables, grains, seafood, game meats, alcohol, and desserts. Then opening presents. Before the FBI kicks in their doors.
Why so low? They got off easy. https://www.bizjournals.com/charlotte/news/2018/12/19/court-approves-480m-settlement-in-wells-fargo.amp.html
What is your opinion on the new Health Insurance plans for 2019? Better, worse, same?
Has anyone else heard of WF’s plans to remove servicing from the Frederick site by third quarter? I have heard it several times very recently. That layoffs will start after the first of the year once they have adjusted severance packages again. Each... read more
There were quite a few branch-closing announcements made by Wells Fargo in the past several months, and most of them came as a shock to employees at those branches, from what I understand. Do we know if there are any more such announcements planned?... read more
Team members who were laid off: Did you guys get your severance package?
1) Customers will continue to take their business needs elsewhere. Just like we are seeing in new money loans. Clients (consumer and business) do not trust us and our rates are not competitive. Leadership knows the impact of this will not only be... read more
1. Wella Fargo executive Tim Sloan and others under him will continue to get fired. 2. Wells Fargo will not meet their yearly stress test. 3. Wells Fargo will continue to have growth capped by Federal Reserve. 4. More businesses will continue to be... read more
Recently let go and noticed I have a ton of Wellswear shirts and trinkets. What have y’all done with your Wellswear after you left? I don’t want to be caught dead wearing a WF shirt in public.
Why is the stock price dropping like a rock? With all the announced layoffs, the stock price should be soaring from expected profit improvements.
On the call, she talked about the new operating model coming in 2019 and touched on the fact that there will be layoffs. No details though but wondering if anyone else has the scoop?
It can be anything; from interoffice personal relationships gone bad, something someone did in the office (or outside on company time), leadership decisions, fraud, etc. I'll start with a few: we had 2 manager's get fired for getting drunk on a work... read more