Wells Fargo eyes more layoffs amid Q2 2026 revenue jump | Rock Hill Herald https://share.google/856lLQlG90rKwxLNX
Wells Fargo warns of additional job cuts as cost-cutting drive continues
Recording 24 consecutive quarters of staff reductions, the current headcount stands at 197,000 employees, reflecting a decrease of 15,000 positions compared to the previous year. Over the past six years, under the leadership of CEO Charlie Scharf... — read more
Co-location strategy going forward
Since there is a post around location strategy, what about groups having to be together? Any news or updates for co-location strategy?
due to the wasted money on Virtual machines
Laptops are being rationed and recycled. Yes, recycled. So that laptop you just got might be 3 years old and won't handle the windows 11 upgrade. Team members are going through three four and five laptops before they find one that can handle Windows... — read more
Manager needs to settle down
Manager told us no 1/2 day pto (looks bad) and if we cancel a PTO day (even if we haven’t taken it yet) we need to let them know why. Oh yeah PTO days, wants to know what we are doing and why we are taking it. Do I call HR or this allowed?
Location Strategy?
Any news or updates for location strategy?
Cloud PC/Virtual Desktop Finally Dead
I saw a site is collecting all the workspace hubs. The message states “this is part of a change supporting a more consistent laptop-first experience across office around the country….just a shift to leveraging your laptop vs a virtual desktop using... — read more
CB Q2 Call
Charlie sounds upset about being asked why every bank surpassed WF earnings He basically said he was tired of this question. Is he feeling the heat???
Corporate Risk
How we feeling? Comment below.
Flexibility - Gone!
We worked perfectly fine remote during Covid. Then it’s back to the office but no assigned seating. Fine. Then it’s tracking days in office. Ok. Then it’s tracking hours in office. Alright making it work. Now they are taking away specialty locations... — read more
The General concensus
Like others here most would like to keep their jobs, to not have to start all over again. Nobody wished for layoffs, firings, etc. There were many times since the layoffs started that I would pray for that Golden Tuesday after payday. One would post... — read more
RTO
hi, I am soon to be new dad. My question is once I use up the paternity days, I would like to use my PTOs which I have few weeks left for this year. Is it okay to use three half days for each week for 6 weeks. This will help me stay at home for 6... — read more
More layoffs ahead
https://www.charlotteobserver.com/news/business/article316519034.html
Are Op Positions Still A Thing
Over the past year, I’ve been keeping an eye on internal opportunities because my current role may be impacted any day now and definitely will be before the end of the year. One thing I’ve noticed is that I rarely see U.S.-based operational positions... — read more
Coffee badging
Hear me out. Coffee badging is always talked about like it’s a bad thing. But no one is saying people aren’t working. People used it because they had to do something stupid that created no value, which was going in the office to sit at a cubicle on... — read more
Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
https://www.reuters.com/world/meta-used-ai-target-workers-with-medical-conditions-layoffs-former-employees-2026-07-14/
JPM: JPMorgan Urges Staff to Avoid Deploying Pricey AI for Easy Tasks
From Bloomberg (paywalled) “You really don’t need the latest cutting-edge, incredibly expensive model to summarize an analyst report,” Chief Financial Officer Jeremy Barnum said on an analyst call Tuesday after the firm reported its second-quarter... — read more
Banks up on earnings, except Wells
BAC up C up JPM up GS up broad market Financials up 1% WFC down. Because you can't fire your way to growth and you can't AI your way to efficiency (all you are doing is automating broken processes, ensuring they stay broken). Ford found this out... — read more
August 4th or August 18th
Managers in SLC, UT have stated that either August 4th or the 18th will be the day for a big displacement, especiallyin the QA department. Does anyone have any solid/confirmed information on this information? One manager said for certain it would be... — read more
Number of jobs you’ve applied for
Let’s motivate ourselves to leave. I’ve applied for 3 so far and I’m applying for at least one today. How many jobs have you applied for so far?
our response to glasswing will be our downfall
thought it would be all the fake accounts right? guess again su-kers.
GES disappears
How long will leaders realize they cannot keeping pushing the terrible GES scores under the rug? Why is HR keeping them so close?
401k settlement deposit?
Curious if anyone has received their 401k settlement deposit. If so, are you still an active employee, or are you a past employee with a still-active Empower 401k.
Now this
I work in the US. Remember when we were told RTO is to collaborate with colleagues? Well two of my colleagues were discussing an issue in hindi. I’m guess that’s what it was or maybe it was one of the 20 other Indian languages. It was only a matter... — read more
Tokenmaxxing. Do the needful
Tokenmaxxing is the Silicon Valley trend of maximizing AI token consumption as a proxy for productivity.
H1B Temple
... — read more
I used to like working here
It feels like a lifetime ago when this was a great place to work. Greed completely destroyed a once great company.
If You Accept Severance Payout Over Time
I understand that if you accept severance over time instead of a lump sum payment, you can keep your medical/dental/vision benefits. Does anyone know if those are going to be the same rates as when I was employed or will it be at the higher COBRA... — read more
Psychopath Indian Manager
I am actually floored by this guy. I’ve seen some toxic stuff in my career, but this is next-level. He’s been here a year and honestly thinks he’s a deity, the way he talks down to the Indian team is straight-up disgusting, like they’re beneath him... — read more
Advisor Gateway
Advisor Gateway blowwwwwws. I give them credit for trying to upgrade, but when you just put lipstick on a pig, well the original pig looks much better. By the way Envision was 100x better than eMoney. Saaaawing and a miss!
Mid-Year Check-in
I'm sure a few folks have gone through the new mid-year check-in. What is involved ... was a meeting necessary or could an email take care of it?
Meet or Less than Meet? Difference?
Procedure of getting fired after Less Than Meet?
Whose Budget Pays for Severance?
Does severance come out of a managers budget? If so, what if they didn’t budget enough $$ for severance (they layoff more people than originally predicted)?
More layoffs in Des Moines?
Not much left there. Are they targeting layers of management?
H1B situation at WF
When an H-1B worker is hired, they bring their spouse on an H-4 EAD, followed by their children, and their friends. This process introduce a toxic work culture characterized by outsourcing, nepotism, favoritism, and corruption. It fosters... — read more
Post layoff, how much are you paying for healthcare in NC
I’m not afraid of a layoff but I’m in my late 40’s and worried about the future cost of healthcare if I don’t find a new role before COBRA runs out. Could anyone paying for healthcare in NC share their monthly premium and deductible? Just trying to... — read more
TPI Third Party International/COO. Do NOT WORK here
Lots of inequity.