Karoline Kane will be elaborating on the 2024 SSO directive to move all non-customer facing positions into centralized locations.

This is why you don't want to work for a groupthink NYC / consultant run company. These rich execs are herd animals and believe that if enough of them do it, they'll never be held accountable for their treacherous actions. Every single day they come... — read more 

from https://twitter.com/jevgenijs Feb 1 posting: U.S. megabanks, mobile active users*, Q4 2023: ✔️ JPMorgan $JPM - 54 million ✔️ Bank of America $BAC - 38 million ✔️ Wells Fargo $WFC - 30 million ✔️ Citi $C - 18 million Even if one assumes no... — read more 

Whatever happens in the near future re: layoffs, I am ready to leave this place. I am overworked, constantly picking up work for people who left. Can’t remember the last time I was done for a day in less than 11 hours. I feel like I live here. And... — read more 

Download your W2 and pay slips.

What’s the background on calling this bank the firm?

Location Strategy sites will be emailed on Monday, San Antonio West Lake Phoenix Roanoke are pretty much safe and all the other sites will be closed in a 2-4 year timeframe. Only some will be asked to relocate based off performance.

He is Charlie’s Wall Street protege and acts just like him. Mass layoffs since he took over CSBB but plenty of funds for him and his cronies to travel the globe on the corporate dime. Being paid millions each year but no clue how to make WF... — read more 

When will TK be shown the door?She is a really bad leader. Forget all the offshoring she is doing, that’s just a cost play, that will backfire, But she cannot lead through any technology trends. She is clueless about what WF needs or can do.

What will happen to everyone in RCSA after phase 2 is complete?

BOD: “That would be nearly impossible to justify…but how about if you can get the stock back up over $50 — we will be able to claim you’re doing a good job.” Scharf: “Okay! Our global consulting firm says we should spend $30 Billion on an... — read more 

Saw on linked in these cats are in India. Gee, more jobs going there? Think so. We work for India now

Won't check any comments so (shrugs).. but a good listen- the father of Scharf and crew and all their ilk.. Jack Welch Is Why You Got Laid Off | BEHIND THE... — read more 

I know many people are waiting out for their severance, I don’t blame you, but be proactive while you do that. Even though the jobs report made things on the street look rosey, it is not, especially in technology. If you have a pretty good feeling... — read more 

Is anyone participating in this or has anyone participated it in something like this in the past? It appears to be a great idea if executed correctly. Curious to hear both sides of the coin.

Re org number 4 and moved to a new group with huge project. Not familiar with half the ask. Need to learn most of it but it’s too much in a day so having to work 12-14 hours to just keep the ba--s in the air. Not sure how long I can sustain this on... — read more 

Let’s flatten em. Fire managers!

Access no, you do it yourself, badging in not working, no do it yourself. Anything I ask he doesn’t do it, so why are you a manager? Am I off on this, or what is a manager anymore?

Check workday to make sure you’re not shorted. Input December 31, 2024 and see if it is correct!

Does anyone remember those Jump into January and Fly into July sales goals in branches?

Are the ER (employee relations) reps trained to be jerks?

So Ranjit Bhattacharjee decided to leave WF to pursue other opportunities. Wonder if it was really his idea. Kinda like getting retired.

Directors have created the list.

I was displaced but still qualified for a full bonus. Not only did I get steamrolled on it but I didn't get the mailing about it until today, even though I could see it (and SMH in dismay at how astronomically low it was) last Wednesday. My 1095-C... — read more 

Does anyone know if the WFA Investment Contact Center has been or will be impacted by layoffs?

Lost a support person today. Retail banking.

comparison between wells and chase: In 2023, chase made 49.6 billion with 308k employees where as wells made 18.9 billion with 235k employees. What do you think?

I find it interesting that one of the Recognition Celebration Winners in Commercial Bank is a Senior Manager with only 4 direct reports. I can remember over a year ago that we went through a "span of control" exercise where you could not be a... — read more 

I think it's time we face reality. We need to accept that every new day can and most likely will bring layoffs as long as Scharf is still CEO. If that kind of pressure is not something you can take, it's time to start looking for a new job. That's... — read more 

First time in 28 years, I get a sh---y rating and no raise! I had to take 12 weeks off for a major surgery, and it almost ki-led me! I always get exceeds, but I guess my surgery! D-mb.

Remember, the rate of layoffs will begin to take off like a jet plane, beginning with today. So one back pack is all you should need when you head back to your desk after you get the boot, to gather up (backpack) your belongings. Don't be that (__)... — read more 

Good job Wells Fargo on your new roving banker job. Paying nothing while expecting people to rack up hundreds of miles on your personal car for 58 centers per mile. Do you honestly think anyone is d-mb enough to take this job????? Start paying... — read more 

What is this meeting? Has anyone else received this?

Aside from our CEO flatly denying the existence of this strategy during his most recent Town Hall Q&A... Ya' gotta' love the BS reasons given in the email communications re: location strategy. "This move towards a more focused strategy for our work... — read more 

Not sure how many total, but just heard of a handful in Commercial (Kiran Vuppu org, to be exact). A co-worker told me a friend of hers was part of the cut, and everyone on their team who was cut got told together in a single meeting.

So some groups (CSBB, WIM, etc.) listed markets as metro areas (technical term) and other didn't, so no one knows where they stand. e.g. Specialty market listed as San Francisco-Oakland-Berkeley. Is it just those cities or is it the metro market... — read more 

Current Stock Price: $48.19 Paid $30M a year, given a 18% raise this year... we didn't even have a CEO for like 9mo and stock price was higher. Gets a job thru a family friend hired directly by Jamie Dimon. Even hires Jamie's son in law. Am i... — read more 

Layoffs targeting managers….individual contributors likely next

Members of my team and other departments as well were just announced

I’m from Corporate Risk and multiple layoffs in our area. To be precise, Elyssa Herman’s org- CRRA.