With those tight pants With choosing Tracy over Jason, you took too many sips there buddy
No one is crediting Flowers for closing out a major consent order?
Maybe he will be voluntarily retiring soon.
Hr sending bad links
I worked in Wells Fargo infrastructure for 16 years. I was promptly rejected for an infrastructure position in the city and building I worked n for years. But here’s the kicker. The email generated from workday had the wrong link to... — read more
Severance and 2nd Job
I am expecting to be released in April and currently work a 2nd job (necessary in this economy). When I am released will my 2nd job nullify my severance package? Worried :-(
Manager Span & Control
Anyone know if Span & Control is still a thing? I recall a few years ago that managers were being let go if they had less than 7 people under them. Does that still happen?
Are Sr. Tech Managers and Technology Directors affected?
Does anyone know if Sr. Managers and Technology Directors who are remote will be affected by IT Location Strategy? There are a bunch of them our team reports to. Or does this apply just to people who actually do the work?
Risk is getting a free pass
No location strategy. Party goes on!
CEO town hall—anyone watching
On front row we have SVB and a new guy named Doug who seems to be Cs buddy for 20 years… Interest rate not coming down soo soon like our know it all cfo thinks —he is a joke.. Efficiency agenda —very important topic where this this going — read more
Taxes on PTO payout once severed
Once severed from WF, unused, accrued PTO is paid in lump sum. So that means it's potentially taxed at much higher rate, especially since it will be lumped in w/a biweekly pay period's wages? That stinks. I have 8 wks of unused PTO and, after... — read more
Wells Fargo sees shedding more real estate as part of its cost-cutting plan
The bank has already taken some big losses on real estate it sold recently in San Francisco. Last September, Wells sold 550 California St. in San Francisco’s Financial District for $40.5 million, less than half of the $108 million the bank paid for... — read more
Remote employee dilema
Now that I know what my fate is going to be in a couple of weeks/ months, I was thinking why would I complete any task at hand?
CEO Townhall
Will Chuck discuss location strategy and reductions in headcount today during his townhall?
Cybersecurity Core Locations
Charlotte Dallas Minneapolis NYC Metro Phoenix/Chandler San Francisco Approval required for these locations based on specialized business needs: Philadelphia/Wilmington San Antonio DC Metro Not growing headcount outside of these area. — read more
In core location but
What can one expect who is remote in a core location but hesitate to RTO. Termination or layoff?
Multiple LOB Core/Specialty locations
It looks like this is the lay of the land that has been published. Are there other LOBs that have public hub/specialty locations at this point? Technology Core Locations: Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des... — read more
Meeting with title "Upcoming Org. Updates" setup for my co-worker
He is in Enterprise Architecture in core location and has a 1 on 1 meeting with title "Upcoming Org. Updates" setup for next Tuesday 9 AM. What do you all think this is for? updating all team-wide re-org changes or for a layoff notice ?
Privacy Icon
My privacy icon is popping up like crazy today.. every 15-30 minutes, way more than before. Guess I’m destined to be flushed. Pull the trigger Bei!!!!!
Location strategy. When do layoffs begin?
So with the new IT location strategy, does anyone know when the actual layoffs will occur? Will they start next Tuesday?
is it time to unionize?
I work in a non-core location that has over 500 Wells Fargo employees. The teams I work with are located all over the United States in core and non-core locations. Over my 10+ years, I received outstanding reviews, bonuses, and promotions. With... — read more
MDP asking to return mobile phones
Forgot to send in the phone —need to go hunting for the work iPhone 6 that I once had.. Are others getting this return notice ???!wonder what they were doing for last 3 years as lob moved to BYOD
Video calling
Should Employees (especially remote employees) Be Required to Turn On Cameras during Virtual Meetings? Thoughts??
SDI location strategy
I assume there is a very mechanical rollout call or email that each LOB has to do in order to satisfy any change management or legal requirements. Does anyone know if this has been done for SDI yet? Can't seem to find the formal communication with... — read more
California Remote Collections
I just wondering when the lay offs will start for remote core collection reps in California.
I am in Sacramento
What can I expect with location strategy?
The Horses 🐎 are out of the barn.
Will there be anymore layoffs? Please Executive Management let us know ASASP, so we can move on with our lives. Time to leave banking.
Technology Location Strategy Update
The rumored Technology Location Strategy Update hit today, 2/27, as predicted. No surprises on locations. Transition to this strategy “to continue through 2026.” First wave of impacts in Q2. Remote in core/specialty MUST RTO unless “they have an... — read more
It is official for Technology going forward
Technology Hub Locations Bangalore Chennai Hyderabad Charlotte, NC Columbus, OH Dallas, TX Des Moines, IA Minneapolis, MN New York City Metro, NY/NJ Phoenix/Chandler, AZ San Francisco Bay Area, CA Technology Specialty Market... — read more
Soooo
If there’s layoffs in Q2, when does that begin. 60 days prior to start of Q2? Hmmmm
Location strategy just causes more chaos and grief
I wonder what will be the net loss from disruption in workflow, incompetent mgmt incapable of putting teams together and organizing work, lack of clarity and mismanagement of RTO, reorg with so many layoffs, etc. Cost-cutting may end up being a... — read more
ECMP DOWN AGAIN !!!
ECMP down again and leadership still expects certain deadlines to be met smh
Doug Braunstein - Vice Chairman
So if Charlie needed to hire a new position, Vice Chairman, reporting to him, does that mean Charlie is admitting he cannot do the job? Is he asking the board to cut his pay? I must have missed that job positing on the web site. I wonder how many... — read more
RTO conflicting messaging
First they want us back in the office in the spirit of ‘collaboration’. Now the message is ‘ limit your time in shared spaces.’ Sit at your desk with your headset on, but you can’t just do that anywhere. SMH.
“Location Strategy allows better collaboration!”
How does it when all domestic workers on my team are in a different time zone? And the rest of my team is in India?
Paid sick days
Are all Covid sick days taken from pto?
Credit card underwriting
Laid off mortgage underwriter here. I noticed a posting for a credit card underwriter. Anyone have any experience working in this department? Seems more stable than mortgage.
Waiting for package
I find myself dreaming of getting the package so many disdain… literally hope for it daily. Anyone else?
PTO/ assigned location
How does PTO count towards assigned location? I know it counts as in office but how is it used to calculate adherence to the 50% assigned location? Or is Assigned location only calculated on the days you go in? Didn’t see this answered before — read more
I’m waiting for Wells Fargo to have their “AT&T moment” or their “Boeing moment” to expose Charlie Scharf’s dangerous cost-cutting strategies.
You can’t put all your energy in to cost-cutting, mass layoffs which wipe out years of industry experience and stretch workers thin, efforts to force attrition, offshoring, outsourcing, stock buybacks and hiring quotas which focus more on diversity... — read more
40 Mile Distance for RTO
Does anyone know how this is calculated? Google maps? A radius from the office in question?