It seems Wells Fargo has no issues with laying people off this close to Christmas. In the past few week 60 people have been laid off from mortgage division. Not sure what this means for other departments and if more layoffs will follow, but I... read more
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Topics regarding layoffs at Wells Fargo & Co.
Just announced in Tempe wells Fargo yet again let all our employees at the Tempe operations Centers know that 300 people WILL be affected as early as 6 months from today... Hundreds more in Shoreview Mn operations and possibly hundreds more in... read more
Any of you smoes still working at da Gambimo family biz, aka Wells Fargo better get your resume polished up. A bunch of you crooks er “team members” need to be in the big House serving time for ripping off your clients... read more
Wells Fargo Head of Consumer Lending fired after the person he fired for mortgage fraud turns around and tattle tales on him for saying that misconduct in the bank, is not a concern, and that the regulators were picky for doing their job and calling... read more
If you got a bonus this quarter for Customer Service scores and it was smaller than previous ones it's because they used our bonus money to pay fines. This company is falling apart more and more each day. Why are we paying the bill and not the guys... read more
Has anyone called the new ethicsline to report any abuses? I'm asking because I have suspected WF management monitors this stuff and nothing is really anonymous. If you called, did you remain anonymous or were you fired for some bogus reason? I've... read more
Most companies will accelerate lay offs before Thanksgiving and Christmas so I'm expecting some Wells Fargo team members especially on the corporate side will have bitter holidays. If the OCC, FDIC, and Congress are allowing WF to continue with a... read more
Good read. Wells Fargo’s workforce in the Philippines has grown from a modest 100 employees to a staggering 4,000 within the past six years. The bank’s future plans include further expanding its Filipino operations, including a new location which... read more
Downsizing HR department effects the team members directly. New system wait times to talk to HR Representative 30 plus minutes. Yet we are told on a daily basis that we are the most valuable asset to the Bank. Senior Management quit blowing smoke and... read more
http://www.charlotteobserver.com/news/business/banking/article180428346.html By Deon Roberts email@example.com October 23, 2017 3:07 PM An advocacy group for bank branch employees says there are still problems at Wells Fargo more than a... read more
No post here but it was fairly big, hmmm. Silence.
Are there any areas of Wells Fargo that aren't corrupt? The WSJ reported that (https://www.wsj.com/articles/wells-fargo-fires-fx-bankers-investigates-foreign-exchange-business-1508518745) four Forex traders were fired and a "senior executive" was... read more
When I worked at Wells Fargo inside the Community Banking division all my coworkers were not only NOT doing work, but also involved in s-xual harassment and stealing and embezzling from the company using the company credit card. The HR manager who... read more
http://www.charlotteobserver.com/news/business/banking/article179747451.html Now hiring — Wells Fargo seeks overseas call center workers as it slashes US jobs Wells Fargo has been quietly bulking up its call-center operations in the Philippines... read more
Market keeps going up and down, there is a ton of uncertainty and people are talking about layoffs in San Francisco.
Wells Fargo 2017 third quarter revenues and profits plunge: https://uk.news.yahoo.com/wells-fargo-profits-miss-estimates-132412842.html Wells Fargo (Swiss: WFC-USD.SW - news) reported a sharp decline in third-quarter earnings Friday due to $1 billion... read more
I just heard from my HR friend that WF is preparing to cut many project managers as a way to save money. She said the cuts will be announced later this year and be implemented in early 2018. The enterprise is still finalizing the amount of money they... read more
This is a sign of collapse, demanding employees to take time off without pay. Years ago, I was in a company that did just that. In other words, the company was struggling to pay its workers, cashflow was not good. Eventually, the place shut down... read more
I'm a contractor at Wells Fargo and last week I was told by my staffing agency that i would be getting a 2% pay cut because WF demanded a cost reduction. This week, there was a company wide note that went out to all people working in EIT (team... read more
Don't kid yourself. Cuts are coming. Not trying to scare folks but it's the only way to save $4B. Some of that will come from the sale of some businesses like insurance. But most of it will come from employees being let go. Even if you think your job... read more
Anyone watch senator Warren grill Sloan today? She asked him to explain how many people will be cut to save the $2B. She asked him if he would guarantee there would be no job cuts and he said NO! Anyone that believes there job is safe is looking at... read more
Anyone heard anything about consolidating teams in WFEF now that the lift and shift is complete?
the bad bankers became managers and dm's, rp's....a lot of discrimination. .if you don't know anyone that could help you move up in the company then forget about it. .you won't become a manager because your fit for the job you will only get it if you... read more
..the employee knows what is coming.
The security planning functions for IT is consolidating this means all the IT Security staff are being transferred to the Corporate Information Security department that is under Mike Loughlin who runs Corporate Risk. The amazing thing is WF has been... read more
For all of you who are still claiming that we do not have layoffs, take a look at the CNN Money Coverage from last Friday (link below). The writing is on the wall and this will be massive - I am not saying all groups will be affected equally but the... read more
Look the bank is downsizing all over the place. Given the bad PR, the bank willl NEVER say anything about layoffs and everyone let go will be under gag orders to not divulge anything without risking their severance. Over the next 18 months, about 10%... read more
Last week I was summoned into a meeting for HR team members. Long story short, Wells Fargo is letting go about 40% of us. From what we were told in, Wells Fargo is discontinuing phone support for team members and managers. All support for the bank... read more
It's all true HR staff are specifically targeted for layoffs. http://www.charlotteobserver.com/news/business/banking/article174894971.html Wells Fargo is laying off more employees in Charlotte, announcing cuts this week that affect human resources... read more
Process to determine who to layoff is based on how much money a person is making. The higher your salary, the more at risk you are. So guess who those folks end up being? Your long time employees and older employees. It really ends up as disparate... read more
I’m tired of people talking about they were laid off but not stating what department you are in! How is that information helpful?
Email announcing layoffs in processing, underwriting, closing, product support and production management. No mention of specific locations. Realignments in Charlotte and Des Moines to home equity. Has anybody else seen or heard of this email? Is this... read more
The last time that happened John Stumpf the CEO lost his job as well as other senior executives so more attrition expected.
Marketing was informed in an all hands call last week that layoffs would commence in the next 2-3 weeks. No numbers were given. When asked if current employees would be hired first to fill new job postings, the presenter laughed and said no -... read more
WELLS FARGO IS A GREAT COMPANY TO WORK FOR---THEY CARE ABOUT THEIR EMPLOYEES--LOVE MY JOB AND I HAVE BEEN WITH THE COMPANY GOING ON 10 YEARS.
More layoffs coming but it's likely to be in little dribs and drabs as operations areas are consolidated and outsorced to India and the Philippines. I'd be concerned with loan operation areas being downsized next. Im in the loan center and we keep... read more