I was floored when M.N. Mentioned in the Risk All Hands Call last week that they were close to making FINAL decisions in Risk regarding Spans and Layers. M.N. then mentioned that people should have their teamwork’s profiles updated, because it makes... — read more
Topics regarding layoffs at Wells Fargo & Co.
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?
Come monday morning I will become a Software Engineer at Wells from being a senior developer while working in highly specialized technology with advanced degree. I guess that is mid level right, LMAO!!!
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
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
A flurry of interns and new associates posting on LinkedIn about how great WF is. Do you think HR asks them to do this? If so, what’s the point?
I work for Merchant Services in Central Sales in Arizona and I heard our entire department was getting laid off. Anyone hear anything similar? Damn you WF!!
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
I’m sacrificing some chickens tonight in the name of Chainsaw Charlie. Do you think that will help me keep my job? Also, does anybody know where I can get a live goat?
Anyone else super doubtful of "Take those vacation days please for your good and recharge!" I am skeptical as ever. Reality is they are a liability on the balance sheet and will be paid out when the ax falls and they would like to minimize this as... — read more
wow, thanks for zero worthwhile information, Julia. So far just lots of empty gibberish, some platitudes, and of course several reminders about "the five pillars" and some other new buzzwords that should be parroted. Insightful and inspired?... — read more
Which teams are getting axed in Technology? Does anyone know? Any insight?
so J Smith is gone, so we can flatten the org. Does anybody know who else?
Just got off the CRO call. CRO wanted to be unequivocally clear that there is no hiring freeze in Risk org. Good, must be an ocean of open roles. Went to check the internal job board, 11 positions.....for the entire company. Typically there are a... — read more
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
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
Wells playbook is as follows: set up parallel team in india or philippines you will see them and they will be team members they will be added to all same systems you will be asked to partner with them they will ask a lot of... — read more
So now that we have been given new titles, when will they announce the career paths? Has anyone heard about this?
All sounds familiar with Boston consulting. They were hired at my previous company to do the same thing (operational efficiencies, “flatten the org structure”). Layoffs Severance Real estate consolidation, branch closure Interviews... — read more
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.
This culture is getting far worse than it is better. Do you agree? This place is beyond disrespectful and unreasonable. They don't care one iota how their decisions and demands land on people. I have never seen so many upset and p-ss-d off people... — read more
I'm hearing conflicting information. Does anyone one know if the titles are a 1:1 relation to your existing title? I was told yes but then what was presented to me is something different. Are the new titles posted in the job families? I wasn't... — read more
I'm just curious if anyone knows who was a part of the rating process.
Seems as though Wells has hired all of Chases' chiefs. Maybe just Indians left there or were they all laid off?
Does anyone have insight on what MMB (Core, MM and Specialized Industries) service team roles will look like when moved under Treasury Management? All arrows point to CSMs and RAs being hit the hardest. Yesterday’s TM communication re: “interim... — read more
Anyone with knowledge know how the Auto division will fare? When layoffs will need announced, headcount decrease, etc.?
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)
Time to move on. This site has really helped open my eyes to reality. I wish you all well.
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
Source below... **Wells Fargo is cutting back on consultants as its annual outlay on firms including McKinsey and PwC reached $1bn-$1.5bn ** Wells Fargo is targeting dramatic cuts to its spending on consultants after an... — read more
A poster said a program application qualified for reimbursement – but WF sent email saying tuition reimbursement program suspended for remainder of 2020 and to reapply in 2021. Probably because WF does not want to reimburse people being laid... — read more
I am wondering if it is a good time to ask for tuition reimbursement for a master program that I am currently enrolled in? Also does anyone know if WF pays for certification like CFA?
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
Ayyyyyy, we still at home folks.
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
If you are a manager and now being asked to signa CSI (confidential supervisory Information) disclosure documentation to be really sure the other docs you signed are not explicit enough, then that means information is coming down the pipe and they... — read more
Several of us have put 2 and 2 together. There is a group of analytics consultants who are meeting with team members in WIM to determine how they can automate and eliminate your job. If Ashok, p. Street, or his team members set up time to meet with... — read more
Too make space for actual bank related workers the bank will be shutting down all the WF museums and converting the space into work stations, using the Covid 19 as a reason. Stating that having tourist in the bank for anything other than banking... — read more