Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Branch Layoffs

I heard that in Q1, things will revert back to Wachovia’s branch model. One Licensed Banker and one service banker that will also be a trained teller. Why is this not being discussed in important calls or podcast? If you are going to lay me off just... —  read more 

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Post ID:  @OP+1j5g4qAz

How many remote?

How many remote ppl do you have on your immediate team. We have 2 and just curious how common it is. (I am not complaining, just simply curious. Kudos to them for doing what they need)

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Post ID:  @OP+1j43K2WV

3 years trending downwards.

When Scharf was hired WFC closed at $50.71. Even adjusted for splits/dividends/distributions it was $46.85. Now, just over 3 years later, WFC closed at $42.24. Our dividend is half of what it was when he started. Why is WF paying this man... —  read more 

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Post ID:  @OP+1j4st2Ad

Last Week

There were layoffs in Charlotte within Wells Fargo Corporate & Investment Banking (CIB) and Wells Fargo Securities (WFS)... I just want to make sure it's documented here.

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Post ID:  @OP+1j4wQozC

Severance

Got my lovely package today, folks. A paycheck for every year I gave them. Woohoo! Just kidding, it was a daydream. I’m sitting in my rotting cubicle now lel

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Post ID:  @OP+1j3tBTbv

Hired remote now placed in harm

my wife was hired as a remote worker and now has to walk around piles of vomit and sh-t on her way from the parking garage to an uptown building. no violence better come of her from the homeless vagrants, illegals, and dr-g addicts. This is a... —  read more 

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Post ID:  @OP+1j37iozQ

Stack Ranking is real

I have been a part of it and each team has to have X number of employees not meeting expectations. These are the people getting laid off first. Now they are going to make sure all personal information is gone from the system or else (after we all had... —  read more 

Buckle up...

"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... —  read more 

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Post ID:  @OP+1j2F2WGw

ERN Madness

Is it me or is the company waaaay to fired up about these things? I'm guessing it's just a matter of time before membership in a certain # is required...

In Office Details

Boss told me the OC is starting to look at RTO more closely. Sent me my “scorecard” for Aug through some part of Sept. I was good, but folks this is real and happening. Boss said they are focusing on people not coming in at all and that their jobs... —  read more 

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