Wells Fargo & Co. Layoffs

Topics regarding layoffs at Wells Fargo & Co.

Location Strategy Update

As others here have done, here is some news regarding the Location Strategy. This is presented in the spirit of assisting our Leadership in their oft-stated goal of "being transparent". Physical areas where Wells Fargo has a major presence have... —  read more 

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Post ID: @138OaF9w

Some progress, at last!

I like the recent online Wells Fargo Marketing ads for the new Propel credit card and the one with the very cute Pomeranian for new home financing. That is a step in the right direction for Marketing.

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Post ID: @136nhTez

Why do people get let go during layoffs

People have odd ideas about why people get let go during layoffs. Sometimes a company will cut an entire team, then hire half or more back as contractors, then re-hire them as FTEs a year or so later, because it helps with the bottom line and taxes... —  read more 

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Post ID: @136c2KSv

So much harshness here

I expect there is a good chance that my telecommuting job will go away, but at least I will not be surprised by it. I might have a choice to relocate - I am very curious to hear the terms of any package. But I've been through this before at other... —  read more 

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Post ID: @136wvAJH

Location Strategy

Here we go again. Saul is talking about locating strategy and how the poor souls that is in a location that has 10 or less staff members will be served with a notice. I am sure whoever gets served will have to move to a new place that is... —  read more 

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Post ID: @133kNN04

Layoffs in Compliance already?

Are there layoffs already in the works in Compliance? I am being told to give my team’s work to others groups, and told to wrap up projects my team is working on over the next few weeks. My team has gone from being busy to twiddling their thumbs...so... —  read more 

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Post ID: @133AFxhr

Banking aint cool anymore!

WF is getting adverse selection by having high level positions in SF/Bay Area. Banking just isn't s-xy in Bay Area and we get a bad pull from the distribution. There are a lot of really weak and deadwood types in WF and they need to go. Moving them... —  read more 

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Post ID: @133glED0

Jordan Creek in Iowa

Jordan Creek in Iowa has numerous empty seats all over. A lot of work from people laid off has been absorbed by teams there. Closing down other areas and bringing it there won’t surprise me.

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Post ID: @1337o1Eb

PVSI mentioned on earnings conference call

Transcript of CEO speaking on earnings call mentions Avid retirement and that they are introducing a new org. structure. Betting PVSI gets disbanded, could be very very interesting, people should brace themselves no doubt.

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Post ID: @131iuwfr

$1,500,000,000...

In Q4 legal expenses!? Are these customers or employees? Save some for me when I sue!

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Post ID: @131W3YVE

Q4 Earnings

Q4 earnings stunk! Any guesses on whether or not we'll get bonuses in March?

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Post ID: @130kCwEb

Wells Fargo doesn't have to pay severance

WF doesn't have to pay severance (can rewrite their existing tenet in a heartbeat). Companies are not required to provide severance. At the very least, WF may knock severance down to one week (vs. two) per year of service, with a cap (cap exists now... —  read more 

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Post ID: @1301Cauo

How things have changed

A dozen or so years ago when I started at Wells friends and family said "oh, nice, that's a very well run company". Some of the folks in my family and friends circle are C level exec's. After a few years I noticed that upper management didn't... —  read more 

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Post ID: @12WwV2VC

Location strategy is back

So apparently location strategy is back in the mix according to the email I got today from miss Goodrich .... does Wells Fargo even care about their employees ?? And who holds Executives accountable for their actions? That’s how we got in this mess... —  read more 

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Post ID: @12Vz4Sb2

Chainsaw Charlie

Wells Fargo CEO, Chainsaw Charlie, has grand plans for the company. How do you feel about it?

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Post ID: @12TJTEo8

Unqualified applicants being hired

Hi all! I’d like to chat for a bit on how certain Wells Fargo managers hire people that are unqualified for jobs simply because they have a personal recommendation or a personal relationship with them, rather than hiring actually qualified people for... —  read more 

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Post ID: @12MiOcs3

Top executives getting a taste of their own medicine

Wells Fargo's Scharf sows unease while considering change Change is afoot inside Wells Fargo. Since Charlie Scharf arrived as the bank’s new chief executive officer in October, he’s held a marathon of meetings with executives, grilling them... —  read more 

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Post ID: @12LybhXI

From an iconic institution to a leper

Wells Fargo was at a time an icon in the banking world an honest and folksy San Francisco based bank that made it big on Wall Street. It was at a time the most valuable bank in the US by stock evaluation. But it all came tumbling down when it was... —  read more 

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Post ID: @12EjWL22

Thoughts on Moldavsky Mktg All Team Call?

More layoffs (as recent as this week). Using Chase model (brought in from new leadership) to improve Wells Fargo. West coast staff will need to start following east coast hours. Any thoughts or other things that stood out to those in... —  read more 

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Post ID: @12Ajnh4l

Please Contact

if any current or former Wells Fargo employee has experienced work related problems related to their status as a Reserve/Guard member please contact [email protected]

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Post ID: @12y3TM5r

Financial Advisors are already talking about leaving

Financial Advisors are already feeling the difference in service and are talking about leaving the firm and going to a competitor. And why not? What kept them at Wells was the reputation (that went bye bye a long time ago) and the service they... —  read more 

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Post ID: @12t2b8WG

Wells Fargo Layoffs in AZ

Let's consolidate all updates in this Arizona Layoffs thread. Post and share if you have something to contribute.

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Post ID: @12rVTDvn

refunds for stolen monies

https://www.americanbanker.com/news/wells-fargo-to-refund-checking-fees-after-lawmaker-flags-issue Wells Fargo will refund some checking account customers beginning next year after reviewing past disclosures that stirred confusion over which... —  read more 

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Post ID: @12p9mYmE

Not anonymous

https://www.google.com/amp/s/www.sfchronicle.com/opinion/openforum/amp/Union-workforce-would-help-Wells-Fargo-mend-image-14557787.php

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Post ID: @12oMPIA1

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