This is the new long term WF strategy. Taken right out of the 1880 playbook.
Who got hit today?
Seeing rumors about tech and CIB/risk. Anybody else?
Massive gaps and risk and controls
Teh company is using a convoluted RCSA project to hide true deficiencies and fraud. Audit and regulators have been sent down RCSA admin rabbit holes. thousands of fake controls have been created to hide problems. Theyre impossible to test let alone... — read more
Layoff during FMLA
If you are laid off during medical leave/FMLA, does your 60 day notice start immediately or does it start on the day you are scheduled to return from medical leave?
Large group of Locksmith trucks at Barnhart
Yesterday I walked in from lunch and there were 4 trucks and around 10 workers. I overheard one of them bragging how big a job this was going to be but that his bank account didn't mind. Anyone know of they're about to pull the plug?
Typical Wells Fargo Bank Fashion - AI Council - Zero Experience
I cannot stop laughing at these decisions this company’s leadership is making. People like DF, Schart. Tk, and other c-suites create an AI council and then put themselves on it. Meanwhile, not one of these AI council members know a thing about... — read more
Interesting WF story from last nights local news
Saw this story last night about WF on the news here in SF. SF Wells Fargo's employee security procedure stirring controversy https://abc7news.com/videoClip/15148232/
Two up manager, and one manager on mental break
Does that mean our whole group is going to be laid off and I have mental problems too at this job, should I just go on short-term disability right now, like them? What is Strategy because we’re all mentally struggling right now at this company. If... — read more
8/6 Tuesday
Which Department(s) are on the 8/6 list?
August Location Strategy
I'm trying to get some clarity on what the location strategy is for August. Has anyone heard specific details about the following? Is there a confirmed 4-day return to office mandate? Are there any planned hub closures? Is there any news... — read more
Remote Case
https://www.hrdive.com/news/work-from-home-ADA-accommodation/722691/
Remote
How many employees are still remote? Are they doing a review of remote status across the org to try and get more people back in the office?
This is just the start of the sh-tshow
I really want to leave this sick place, I just don’t know where to go. I’ve been trying to find another job for a while. Level of my skills and the extent of exp is now an obstacle, not an advantage. Nobody wants to pay skilled and competent... — read more
Massive Layoff’s
If you are a company that has laid of hundreds or thousands of people... You should have ZERO jobs advertised. Other than a handful of niche or specialty roles, any open positions could be filled by someone you have laid off. If you need to cut... — read more
Don’t say: “I was laid off.”
Say: “My strategic exit allowed my former employer to achieve their cost-cutting goals and boost executive bonuses.”
Lack of accountability for leaders
Every bad decision made is their doing but it's always us who pay the price for their mistakes. When will we see some accountability from Charlie and his cohort?
Feds are back
Who has the juicy deets. What did we do this time?
Polled my team…
I am in risk. I polled my team and almost all staff on the overall team including my peers. There is not a single person trying to stay. Everyone is trying to leave. It’s hilarious. That has to be some type of record. Literally everyone... — read more
Top Chef + Wells Fargo
I have been binge watching Top Chef and WF is a sponsor handing out thousands of dollars to these chefs for winning competitions
Chip scam
https://www.the-sun.com/news/12097770/bank-fraud-fbi-warning-wells-fargo-emv-chip-remains/
HealthEquity data breach & BNY Mellon
HealthEquity data breach affects 4.3M people... Happened in March - right after BNY made the change from BenefitsWallet... https://techcrunch.com/2024/07/30/healthequity-data-breach-affects-4-3-million-people/ https://www.healthequity.com/breach — read more
Y'all will love this, you're welcome ;)
https://www.americanbanker.com/news/the-most-powerful-women-in-banking-2023-tracy-kerrins-wells-fargo
Business Execution Job Titles
I am looking for a job internally. I keep seeing job postings for Business Execution Consultant, Business Execution Associate, and Business Execution Administrator. The job descriptions are vague and don't really provide clear information on exactly... — read more
Working vs Non-Working Notice Period: Who decides?
Who determines if a soon-to-be displaced employee is to on working- or non-working-status during their Notice Period? 1st-level manager, manager +1, some coin-flipper in HR?
There has been a long trend and push from the top to “junior-ize” US teams
A manager who manages a team where people on the team have been at WF for longer and keep working on that team will get a worse rating in some metric than another manager who has constant turnover. WF measures managers and orgs by tenure and... — read more
I'm surprised attrition isn't much higher
Considering how many hate working here, I'm shocked that attrition is as low as it is. I'd think that being so unhappy at work would push more people to look for something else. The fact that it's not happening is mind-boggling. I still like my job... — read more
Are Teams phone calls recorded?
My boss and I had a heated conversation over Teams. She made comments alluding to my age and performance, I responded with angry responses. I am wondering if the conversations are actually recorded?
Stay just until you find a better job, and preferably collect severance
Wait for severance only to the extent that you don't find a new gig that's worth moving. Get a new job while you already have one. I have to remind myself of this almost daily, but it's not worth getting upset over things you can't control. Just... — read more
Engineering department crisis
It’s in deep shts now. Shts will hit the fan soon.
Layoffs next Tuesday
What’s the verdict?
PSA: You WILL NOT get rehired if displaced...
At least in IT, you WILL NOT get rehired if displaced... It will never happen... Sure during the displacement meeting they make you feel special and tell you that the roles are posted and they provide the links. Do not be fooled.
What happened to all the unionizing?
There was good momentum with branches unionizing for a bit. And then you completely stopped hearing about it. What happened?
Someone has been sleeping on the job
Wells Fargo faces government probe on anti-money laundering, sanctions
Such honest negativity!!
Why do I want to wait for my severance??? Please remind me again....been with WF for more than 4 yrs but less than 10. Not in hub site, and don't want to relocate to one. 😔😔 (Sigh) I have been looking...and will continue to look...just to be... — read more
Sorry if I’m Captain Obvious here but…
I’d already heard the Tuesday after payday thing before so many times and never really thought into why. Then I was thinking about how many more paychecks I’d get if I got laid off next Tuesday, and I realized why that must be the day… Because of the... — read more
WF Prefers Permanent Asset Cap
So much for Shart and CIB bringing us to the Investment Banking powerhouse or saving the future of the “firm.” https://www.reuters.com/business/finance/wells-fargo-faces-government-probe-anti-money-laundering-sanctions-2024-08-01/
My group is going down!
Any thoughts on this? I’ve got my two up manager on leave now. My one up manager is now on leave and my manager is probably gonna get laid off for location strategy. Any thoughts?
What’s up?
I received a random email from someone in Tech under TK, that said they were sharing a file with me. I hit the phish button even though it looked legit. It didn’t say, “good job” so it was legit. Soo, I clicked the link and it said I had no access to... — read more