Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Dead Wood finally let go today

Too bad managers in my department weren’t let go yet because they are the main reason why we’ve had such inefficient and lazy workers for so long. The fact that they didn’t do their work resulted in a domino effect where others were forced to pick... — read more 

California COO

Just curious was there any Lay offs today with California Remote Mortgage Collection Reps?

Layoffs!

Can layoffs happen in the afternoon? Are layoffs done for the east coast today?

Who’s miffed about NOT getting laid off?

I know this is bad karma. But getting about 5-6 months completely paid vacation and then having a fire lit under your butt to find another job… it could be very refreshing. I feel stagnant in my role but I get paid too well and have too good a WLB... — read more 

The Controlled Demolition of Wells Fargo

The sociopathic junta that runs this company is gutting it with layoff upon layoff with an absolute disregard for the long-term. Why? They have lavished themselves with stock based compensation and now mean to raise the stock price in the short to... — read more 

St. Louis campus workspace updates

Anyone have any real information on the email that went out last week about the building updates happening Q3? They are definitely implementing unassigned neighborhood seating & virtual desktops per the email. Some teams have been told what floors... — read more 

End of year?

Is today the last day for layoffs for the year? Has anyone heard if there will be additional dated for this year 2023?

Who else?

Is there going to be anymore layoffs for CSSB today? Is Jax mentioned?

Managers that don’t manage

If you are a manager with multiple employees who fail to complete their work, it is important to acknowledge that the responsibility lies with you, not with their lack of productivity. It is likely that you are an ineffective manager, possibly due to... — read more 

Who are the good leaders here?

I’m asking because I’d like to find a team here that has good leadership where I can move. After two decades here and reflecting on my experiences, it’s abundantly clear that leadership is the most important factor in my satisfaction, engagement and... — read more 

Why WF is failing

Right from the agile training in Develop You In agile we value Individuals and interactions over processes and tools working software over comprehensive documentation customer collaberation over contract negotiation responding to change over... — read more 

Risk ….?

Speaking to a person that works in Pacific Northwest saying they have no strategy (?) will remain collecting nice paychecks. Anyone else have insight? just curious

AI can do your work

I've used automation tools I built at other firms years ago to eliminate bottlenecks and allow our teams to shrink while adding more tasks. I had a coder speak directly to the mainframe and, in one instance, close thousands of accounts in minutes... — read more 

Phase 2 layoffs

Once RCSA phase 2 is done, it’s all going to India. Lots more layoffs to come

Lame Ducks

Team dynamics. Those of us in “non desirable” locations know it is just a matter of time. We are treated differently, subtle exclusions, comments like, “sorry man” pop up after asking “where are you located?”. My old team has now formed into two... — read more 

Wells Fargo cutting 80 jobs in Denver

Wells Fargo is cutting 80 jobs at its Denver office building, an icon of the city’s skyline. The banking giant is making the move because it’s shutting down its internal audit business at 1700 Lincoln Street, better known to locals as the Cash... — read more 

Wells Fargo is a process he-l

WF is a broken mess. Layoffs have made teams short handed. Micromanagement has taken over. Your manager has to report what his team has completed each week so it can be put on a PowerPoint deck looking for where more employees can be laid off. So... — read more 

Tech is broken

Fix one defect and at least one other system breaks. The quality of work in this place has somehow dropped from how low it was before Charlie's reign of error. How much more incompetence through RIF is WF willing to accept? WF is the Boeing of the... — read more 

Hub non-hub

I'm in state x but my LOB is in state y. I'm being told I'm customer facing so remote is fine, when I asked a few months ago. I'm not sure I'm fine though really. My broader division has an office in a hub market 40 to 50 miles from me where I... — read more 

California Remote

I’ve heard talk that the majority of the Southern California Remote Call teams will be displaced by the end of June or First of July. San Antonio will be picking up the collection inquiries and also doing the outbound dialing.

Light Friday Story

Not doing this on company time, and I know it’s a bit much. I had a lot of time to think about this during the four hours I spent commuting to an empty office building last week. I often think it’s good that this company doesn’t provide healthcare... — read more 

Rescinded displacement

Has anyone here heard of or actually been displaced then pulled back before the working notice period has ended. I actually know of two in my area. Commercial bank.

Friday meetings

Hey nerds! STOP SCHEDULING FRIDAY MEETINGS! FRIDAY IS NOT A MEETING DAY! IT'S A WRAP THINGS UP DAY! DON'T BE THAT GEEK! IF YOU SCHEDULED A MEETING FOR TOMORROW, DO THE RIGHT THING AND RESCHEDULE IT. YOU'LL SUFFER BAD KARMA OTHERWISE.

June 27 Class Action suit determination

119k applicants impacted by scoring model for home loans and refis https://www.bloomberg.com/news/articles/2024-06-12/wells-fargo-faces-class-action-decision-on-mortgage-racial-disparity-case?utm_source=website&utm_medium=share&utm_campaign=copy

Displacement Question - Reference Letter

Hey folks that have already gone through the displacement process. Thank God I finally got my call last week. In the documentation packet it gives direction to search on Reference Letter Request in Workday and click on the task. I do so and the... — read more 

Medical Exceptions

How long until layoffs start happening to those on a medical accommodation to work remotely?

Exceptions

Seems to me that WF has adopted a stance where upon learning that a technology / platform / process / practice is being retired the first words out of a team member's mouth is "how do I request an exception?". I've said it myself, many people have... — read more 

All open jobs posted ?

Are all open jobs posted externally ? I am a contractor and have been noticing people getting positions that I haven’t seen open on the public site?

No reason to try to hold on to this job

I’m not willing to relocate, then lose the job anyway in a short time from now. We have a constant stream of layoffs, and upper mgmt does not inspire trust nor demonstrate any competence. I have no reason to believe that the situation will improve... — read more 

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