Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Doug Braunstein - Vice Chairman

So if Charlie needed to hire a new position, Vice Chairman, reporting to him, does that mean Charlie is admitting he cannot do the job? Is he asking the board to cut his pay? I must have missed that job positing on the web site. I wonder how many... —  read more 

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| 604 views | | 10 replies (last just now)
Post ID:  @OP+1rhSm2x4

RTO conflicting messaging

First they want us back in the office in the spirit of ‘collaboration’. Now the message is ‘ limit your time in shared spaces.’ Sit at your desk with your headset on, but you can’t just do that anywhere. SMH.

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| 572 views | | 9 replies (last 20 minutes ago)
Post ID:  @OP+1rheLXQ9

Credit card underwriting

Laid off mortgage underwriter here. I noticed a posting for a credit card underwriter. Anyone have any experience working in this department? Seems more stable than mortgage.

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| 412 views | | 4 replies (last 13 hours ago)
Post ID:  @OP+1rhpPrnn

PTO/ assigned location

How does PTO count towards assigned location? I know it counts as in office but how is it used to calculate adherence to the 50% assigned location? Or is Assigned location only calculated on the days you go in? Didn’t see this answered before —  read more 

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| 622 views | | 1 reply (19 hours ago)
Post ID:  @OP+1rgOfYrA

I’m waiting for Wells Fargo to have their “AT&T moment” or their “Boeing moment” to expose Charlie Scharf’s dangerous cost-cutting strategies.

You can’t put all your energy in to cost-cutting, mass layoffs which wipe out years of industry experience and stretch workers thin, efforts to force attrition, offshoring, outsourcing, stock buybacks and hiring quotas which focus more on diversity... —  read more 

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| 916 views | | 6 replies (last 12 hours ago)
Post ID:  @OP+1rgnWTUs

Pto

Anyone else have their boss give them a list of dates they are planning on taking to for the year and "strongly suggest" you avoid take PTO during that time to ensure the "team" is covered?

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| 687 views | | 9 replies (last 1 hour ago)
Post ID:  @OP+1rggXZrW

Being Watched

Recently, my location tracker (small target in task bar) is always on. Anyone know how they would use that data? Being tee'd up for the next round maybe? I have asked others and no one else I know of has their location tracker on permanently. —  read more 

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| 1331 views | | 6 replies (last 1 hour ago)
Post ID:  @OP+1rgvfuPn

Internal Audit Location Strategy!

Does anyone have any information on what the IA location strategy will look like? When will it be announced? What will the hubs be? Will there be any specialty locations? How long will the specialty locations be open if so?

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| 912 views | | 3 replies (last 19 hours ago)
Post ID:  @OP+1rgztVZS

The WF Way

https://www.businessinsider.com/bosses-quiet-firing-staff-avoid-public-backlash-layoffs-2024-2 Unfortunately, this is the way. Why not just lay people off instead of crushing moral. I know they want to reduce severance payouts but they already have... —  read more 

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| 1508 views | | 9 replies (last 1 day ago)
Post ID:  @OP+1rfE33db

Layoff Disclosure to our next employer?

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

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| 1461 views | | 19 replies (last 1 day ago)
Post ID:  @OP+1rezsMtR

Reason for Termination

I recently got laid off from Wells Fargo, and now I am looking for a new gig elsewhere. But I am aware that there is still a huge stigma attached to the laid-off employees. Does Wells Fargo disclose the reason for termination to our next employers?

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| 212 views | | 1 reply (2 days ago)
Post ID:  @OP+1re0jZNF

Layoffs - Middle Market Banking

Anyone have any visibility and timing around potential layoffs impacting Kyle Hranicky’s Middle Market Commercial Banking world, specifically the Specialized Industries realm, especially for those in more relationship / customer facing roles such as... —  read more 

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| 1139 views | | 2 replies (last 4 days ago)
Post ID:  @OP+1rcMZ4mM

DSRI location strategy

several of you who are out of market are getting the ax over the the next 18 months. those others who are not going to relocate are also getting the ax.

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| 1353 views | | 7 replies (last 4 days ago)
Post ID:  @OP+1rcAa58n

Another Question

What is the difference in strategy between the layoffs that happen every other Tuesday and the ‘wave’ layoffs? Winston had teams affected this week and other locations have displaced remote workers and others for some time now.

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| 793 views | | 1 reply (5 days ago)
Post ID:  @OP+1rcs7mgz

Commercial Wholesale Layoffs

People at my site are being laid off every other Tuesday like clockwork. Offshoring work bit by bit until no Onshore work is left. Yesterday were Credit Analysts and Loan Servicing. Non Hub. All on Hybrid Wfh/Office.

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| 863 views | | 1 reply (3 days ago)
Post ID:  @OP+1rcQQO4v

Bangalore : Multinational companies will be required to display the number of Kannadigas employed. Failure to comply, cancel licenses to operate

ANI reports : Bengaluru | Karnataka Minister Shivaraj S Tangadagi says, "Multinational companies will be required to display the number of Kannadigas employed on notice boards at their campuses. Failure to comply with the language requirement may... —  read more 

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| 1187 views | | 13 replies (last 2 days ago)
Post ID:  @OP+1rc9PHz4

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