Wells Fargo & Co. Layoffs

Topics regarding layoffs at Wells Fargo & Co.

How far into 2020?

I’m sure they want to get as many people off of payroll by year-end as possible, but assuming that’s not likely. Anyone know if there’s a deadline for 2020 displacements?

Retail Branch support

There is a definately been a scramble for all Team Members that support the branch for example Affluent client and credit coaches to justify there roles. They are initiating many more trainings and metings than in the past as before there was not... —  read more 

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WFH

What do you guys think is gonna happen with the current WFH model and layoffs? I know WF is a big on work from home compared to other banks and I think this concept will spread to other roles as well. I currently live in Nyc and recently joined... —  read more 

EEOC Filing Threats

For all of you posters who aren’t happy with the current situation please be aware that the EEOC route isn’t going to be fruitful. With all these other people losing jobs, they are inundated and likely accepting less then 1% of the complaints for... —  read more 

Did I make a bad decision ?

I recently joined the CIB group at Wells moving from a competitor firm (which is a lot more advanced in terms of volume and sophistication). My main reason for the move was because I faced a toxic team which impacted my mental health and well being... —  read more 

Word of Caution!

Folks - Please be mindful of sharing internal information on forum such as this website. This website is just only visible to WF TMs but also to almost entire outside world. There will be post from outsiders just trying to provoke conservation or... —  read more 

Date/Time

FYI. Been at wells a really long time. Seen many layoffs. They occur on the 3rd Thursday of the month. Never on a Friday. So first date is the 20th of August. If all falls in line like it has for 25 years.

Job Family monetary impact

Wondering how the mappings to new Job titles have impacted you. For me personally, the base remained the same but bonus decreased. But I may have been one of the unlucky ones (at least according to what Saul mentioned is last weeks all hands)

Know your Value

A father said to his daughter “You graduated with honors, here is a car I acquired many years ago. It is several years old. But before I give it to you, take it to the used car lot downtown and tell them I want to sell it and see how much they offer... —  read more 

Spans and Layers

Managers who are 5, 6, 7 layers down from Charlie claim that they have no knowledge of what is going on with spans and layers. Do you think that is true, or are they just not sharing what they know? Who will determine the spans and layers? Will... —  read more 

The Hard Truth

The reality is that if you got a 1 or 2, if you want a smidgen's chance to save your job, with forced rankings you've got to bump off someone your manager likes more than you. You probably don't have a lot of time to do it, if it isn't already too... —  read more 

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