I get that there was a lot of unnecessary racism but there were also valid complaints about things a lot of people weren't aware of. Why is WF trying to hide this rather than just police the thread? The fact that offshore is treated better than... — read more
Wells Fargo Board Needs to Act- Let Charlie Scharf Go-Dissolve The Firm
Charlie Scharf and his proteges, many from JP Morgan, were tasked to fix to fix Wells Fargo's many problems. In response, the asset cap and consent decrees remain, employees are unionizing, and Charlie Scharf announced unanticipated severance... — read more
Retire The Wells Fargo Name -Other Thoughts
The asset cap and consent decrees remain, despite "improvements" at Wells Fargo. Now Charlie Scharf has layoffs as a solution. Clearly, he's run out of quality ideas, and it's time to wind down the firm, not prolong its existence. Instead, the... — read more
Does anyone have signs that the center they work from is closing sooner than later?
Has your center stopped hiring? If so, comment your location.
i am scared
i see a lot of people finding success after wells fargo and i'm glad for them but i don't think my story will be the same. i don't have any college and i've been working at wells for years in a very industry specific role. i know i'm smart and I pick... — read more
Can AVPs join union
Curious if anyone knows if an employee with the completely useless "AVP" designation could join the union - since they aren't managers?
JC construction
Wells has to be d-mb as sh-t. Electrical starts flickering on the JC building. Mass exodus of employees for the day.why have employees in building when the crews are doing all the re-wiring
Major name change coming for the Wells Fargo Championship
Major name change coming for the Wells Fargo Championship https://stocks.apple.com/AbchBl3pKRDSVBISm6yUqrw
JC Construction
The pounding drilling closed bathrooms parking spots taken and more hammering and loud noises Construction workers that act annoyed we are in THEIR way Meetings where we can’t hear and no one can hear us due to the loud noises Headaches and... — read more
Wake up to reality
I read articles about employees in Des Moines trying to unionize, and how they think that will motive the company to be more employee centric. That's hilarious! Some of you people are utterly delusional and it is sad. The company got billions in... — read more
are bonuses normalized across similar roles?
Given it seems so much of TVC is based on what you got last year, does HR or anyone do any comparisons to what others in the same role/location/perf are getting and adjust accordingly? Seems ripe for issue especially when all else is equal and some... — read more
IT&V Reorg?
Anyone hear anything about a reorg in February? Seems like most of the jobs in this group are going to India.
Has anyone seen the Employee Satisfaction survey results?
Or whatever its called. I've heard some rumblings in town hall and it sounds like the results were pretty ugly for management. Anyone seen anything?
I support Wells Fargo Workers United
I'm not really a "Union" person, per se, but I wholeheartdly support them and their unionization effort simply because Charlie and the board DON'T want it. So for that, I am 200% on board and I hope to god that they are successful.
Risk Town Hall
Half the Town Hall was DF telling us what he's reading and what his Christmas plans are. Loved his response to the question on employees being disengaged, sounds like he'll address it with performance improvement, because nothing like fear of being... — read more
US Shift Work Being Discussed
The possibility of US shift work to better align with India is getting discussion at Hudson Yards. I can't wait for this.
If WF prioritized HR
Productivity will go up, increasing shareholder value Innovation would happen more frequently, increasing shareholder value Employees will know their value to WF and vice versa (to bolster the next point) Headcount add/removes can happen in... — read more
I left.
I left Wells Fargo after nearly 10 grueling years. I’d worked in multiple areas of the company and had always been fearing that my role would be eliminated. This company truly gets worse every day. Ethics are non-existent and leadership strives to... — read more
Bad Review
I got a mid-year review, after I filed for a short-term disability for a major surgery. I don’t care my health is more important but it hurts after going beyond and above to learning major coding, which really isn’t in my job description but I... — read more
"More aggressive" job cuts
Does that mean that what we've been having for the past several years is considered to be mild? Are you kidding me? Chainsaw is truly an appropriate nickname for Charlie.
Can you volunteer to get laid off with severance?
Is that even a thing ? If yes, I would volunteer tomorrow.
Listen to Charlie Cr-p on Unions in front of Congress
This is our “leader” https://www.reddit.com/r/WellsFargoUnited/s/RjtSeKV63c
Hey Charlie
Maybe instead of cutting costs and shipping everything to India. Grow the business, grow the product offerings, increase the customer experience. Shipping your laundry overseas only will work for so long. Then it will be culling time.
Becoming simply stronger: We’re making Wells Fargo work better for you!
by setting aside 750 million dollars to lay you off next year
When I worked at Wells, I felt like a burden employee
Got laid off there in 2021. How many times did we hear leadership say, Look. There're just way too many people working here. We're bloated ". I had just joined. Why did you waste my time hiring me, if you were bloated?
Low attrition leads to higher severance expense
https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html
60 day notice
Is the 60 day notice a legal requirement or is it a WF policy
2020 “a very limited pool of Black talent to recruit from”
Charlie made this comment back in 2020. It’s been 3+ years and what has he done about it? He required 50% diverse candidate slates for hiring manager interviews for nearly every job (prior to Charlie it was just mandated for more senior level IC... — read more
WFH People Near Hubs... Beware...
Starting 2024 WF will start targeting employees who are WFH but who live near hubs. They will be required to RTO. Non compliance will mean voluntary resignation.
Exclusive: A third Wells Fargo branch plans to vote on unionizing
Why it matters: It's the third Wells Fargo branch to move toward union elections — a sign that organizing efforts are gaining steam within the bank, the fourth largest in the country. Wells is the only big bank in the U.S. facing serious... — read more
Wells Fargo neighborhood seating
Do we know if neighborhood seating is just a step for layoffs?
Consumer Lending Town Hall
Non-customer facing employees in a non-core market, out of range to commute to an office 2 days/week.... (Yes, remote)... your job has an expiration date of 2-3 years. Best Kleber could say about those most impacted, "... let's move through your... — read more
Charlie hates your guts!!
You are all just peasants to Hudson Yards!! Too many sheep, gotta squeeze more profits out, by sending thousands more to unemployment line. You all are not quitting fasr enough, just leave now!! Plus Timmy needs his $34 million back pay to make thar... — read more
Stay Put! Good news for those waiting.
https://stocks.apple.com/AleDwyQxlQhmeGIbY-P-MHg
CEO: Wells Fargo may set aside $750M or more for severance costs
https://wraltechwire.com/2023/12/05/ceo-wells-fargo-may-set-aside-750m-or-more-for-severance-costs/ December 5, 2023 RALEIGH – Wells Fargo, which employs thousands of people across North Carolina, is expecting to make layoffs in 2024, its CEO... — read more
Year End Discussion? When?
When are we supposed to have year end discussions with our manager? No one on my team has had one with our manager.
Bonus submissions
How are your bonus submissions looking compared to last year? Flat here.
I am most dissatisfied in roles where my manager has no clue what's going on
Been here 20 years. Held 8-10 roles of progressing responsibility. Managed for about 8 of those 20 years. Had a lot of managers along the way. All the work is generally the same, but the environment from team to team is much different and... — read more
More layoffs coming ?
If severance costs are coming in fourth quarter , does that mean the layoffs have already happened ? https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html
CEO says 50,000 layoffs is not enough, tons more to come
https://news.yahoo.com/more-layoffs-branch-closings-ahead-161053819.html Wells Fargo & Co. has shed almost 50,000 workers under a major cost-cutting effort, but the bank’s leadership says there are more job losses ahead. “This company is not... — read more