Wells Fargo & Co. Layoffs

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Topics regarding layoffs at Wells Fargo & Co.

Mortgage division cuts 60

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

You in da’Gambino family now!

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

Execs Turning on One Another

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

Small bonus

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

Ethicsline

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

End of year layoffs

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

Rotten to the core!

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

Unbelievable

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

Wells Fargo Offshores To The Philippines

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

Wells Fargo Layoffs 2018

Market keeps going up and down, there is a ton of uncertainty and people are talking about layoffs in San Francisco.

profits drop

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

Wells Fargo to cut many project managers

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

Wells Fargo is collapsing

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

Pay cuts and unpaid days off

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

Let's save 4 billion dollars!

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

Major layoffs incoming

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

WFEF

Anyone heard anything about consolidating teams in WFEF now that the lift and shift is complete?

Bad apples still around

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

IT Security Teams Consolidating

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

Charlotte Layoffs (CNN Coverage)

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

HR Will Suffer Major Layoffs

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

Irritated

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

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

WORKING AT WELLS FARGO

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.

Loan operations layoffs

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

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