Sit back and hope someone tells you what’s going on with layoffs (and hoping it’s not you) or you can take charge of your career and not let WF management control your life like this. Initially, I was concerned about layoffs and wonder when/if we’d... read more
Topics regarding layoffs at Wells Fargo & Co.
I've heard so many different rumors, was just wondering if anyone has heard anything. I know initially the layoffs were supposed to be announce on 2/21 and then we heard it would be delayed until March 7th and then later March 21st...and now we are... read more
I had several senior leaders at different banks ask me about ethical behavior while I was at WF. Be prepared with good responses to questions about fraud, your involvement if you were in one of the areas that had fraud, how you act ethically, and why... read more
A neighbor on my neighborhood website had what she tells as a "bad" experience with Wells Fargo. The story went that she was wrongly charged by some company for an item that she could not afford, and it was a "mistake". Since she did not have the... read more
Wells Fargo in talks to hire Harvey Schwartz as new CEO: Report Wells Fargo board members are reportedly in talks to hire Harvey Schwartz, the former president and chief operating officer of Goldman Sachs, as the scandal-ridden bank's next chief... read more
Wells Fargo is supposedly looking for a replacement for Tim Sloan and Federal Reserve still won't lift growth cap on Wells Fargo even after settlement of account scandal fraud. Tim Sloan Replacement... read more
After everything that's happened, the way this bank is now seen as one of the biggest villains in the country, I'm honestly nervous about submitting my resumes to other banks with Wells Fargo on there as my longest employment. I'm honestly not sure... read more
Looking for updates, wondering if anyone's heard anything?
Has anyone heard about a meeting regarding restructuring that occurred in downtown Denver last Wednesday (during the storm)?
Principal Financial close to Wells Fargo retirement unit acquisition-sources Principal Financial Group Inc is in advanced talks to acquire Wells Fargo Editing by Peter Cooney)
What, exactly, is Tim Sloan doing apart from cutting jobs to get the company back on track?
Maxine already stated after the congressional hearing he be fired but on Thursday after it was announced he got a 5% raise and $2 million bonus that he definitely be fired!... read more
Just when I think Wells Fargo hit rock bottom, something like this latest Sloan raise happens and I see that there is lower we can go after all. I don't think there is an excuse anymore that can be used to justify any of this - there hasn't been one... read more
credit: https://www.cnbc.com/2019/03/13/wells-fargo-ceo-tim-sloan-gets-5percent-pay-raise-to-18point4-million-for-2018.html Wells Fargo CEO Tim Sloan got a 5 percent pay raise for leading the troubled bank last year. The executive received $18.4... read more
Tim Sloan has to go. This asset cap is not going to be removed until that happens. The Fed’s statement on executive pay is alarming for all of us who are employees.
Wells Fargo CEO's pay raise draws rare Fed response Wells Fargo editing by Diane Craft)
WF has not substantively changed. WF has no humanity (other than false humanity for PR's sake). They have no real concern for the gravity of harm to customers and the industry beyond share price and bloated compensation. And no one has gone to jail... read more
Anybody else worried they might sneak in some layoffs today, while nobody is paying attention to anything else but Sloan's testimony?
Has anyone heard any more news if the Frederick MD site is going to close? Rumor is a announcement will be made in April, that the building will close in June?
We were strongly encouraged to change our status from field rep and become a flex employee instead. We were told by management that when they do decide to process layoffs they look at the field rep status first and thus if you are remote they... read more
Schedule you calendars to see it live streamed. https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=402383
https://www.nytimes.com/2019/03/09/business/wells-fargo-sales-culture.html 32 Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Its top executives say that... read more
Anybody know what happened? CTO Scott Dillon was well-liked among the troops.
As a manager, I received a bonus every year going back to 2011. The way I read the FAQ for displaced team members, if you were eligible for an incentive plan, they will pay you out on the same day as everyone else. Which happens to be tomorrow. I’ve... read more
Yes = Upvote by using arrow up (^) to vote YES. No = Downvote by using arrow down (v) to vote NO. Arrows are next to the title thread.
Heard layoffs where announced yesterday in BBG and CmBG. How many got cut?
WF had their insurance company pay to settle their fraud account lawsuit through their corporate insurance policy how is it even possible when they've knowingly committed fraud?... read more
I have 2 questions: Do you currently work at Wells Fargo? Do you want the regulatory sanctions on Wells Fargo (asset cap etc.) be lifted sooner rather than later? Do you want Tim Sloan to be replaced as CEO? If yes, do you want him to be replaced... read more
and NO ONE from other regions even got an invite to dial in and hear important info! WTF!!!!!!!! Lots of p-ss-d Mktg TMs today. Such cr*ppy leadership. We got it! You WANT us to quit! Sure, real "thoughtful and caring" approach to reorg, WF. Total... read more
Just got an invite for the all-team call for MSCI and the org update tomorrow morning. Anyone have insight about this call? The whole MSCI team got the invite
Does anyone else on the service side feel like they are getting constantly screwed? We help 3x the amount of people, we directly handle the money and have to explain processing large checks, we have to make sure we have those conversations while... read more
Who is taking advantage of the college grants offered to those collecting unemployment after the layoff? I’m interested in how this program works.
Every year in March when reviews are given is when HR offices explode with employees and managers complaining about their performance reviews and bonuses. With annual reviews of fail managers vidictively ise it to get back at their reports to push... read more
As someone that was recently let go by WF, I had many of the same concerns around pay, finding a comparable job. But the job market is excellent. One of the things I heard repeatedly from recruiters and hiring managers is the difficulty in finding... read more
What rumors are you hearing about the layoff, EGS, etc? I'm hearing mixed rumors. I'm hearing todayis layoff day, hearing tomorrow is the day but I'm also hearing EGS is no longer taking over claims. What is really going on?
The only two times I ever received anything more than 2% was when I threatened to leave. Both times were met with a 10-20% pay increase the next week. The only way to get more money at WF is to wait till your boss is in a tight spot by staffing or... read more
Has anyone received word on this year’s bonus amount. Curious if it’s flat with last year, more or less.