Layoffs on 8/8, 8/15, and 8/22.. Now for my rant! What is this mythological “Area Differential Pay”? And why do cities south of NYC Get Shafted? Is the policy just a myth aka phased out? The latest economic data for over 3+ years shows how the... — read more
Lone remote soul on a team of office dwellers
I am suprised not a single person on my team has asked me why I am allowed to be remote while they are being actively tallied for weekly office visits. If asked, answers would be all maybes: I'm special I'm a cockroach (HR probably wouldn't... — read more
Pkg if Displaced or laid off in last 2 weeks….
I am curious if people who have been laid off or displaced in the last few weeks from WF received a 60-day notice period and then their severance started. I have heard of some people getting a notice period and others not. Not sure the logic. Can... — read more
Left Wells Fargo to come back…
I left for what I thought was a better paying job, but the catch is they don’t offer vision or dental. I immediately asked my old branch manager if I could come back and she said her and the DM agree they would love to have me back. I asked her what... — read more
3 paydays in September
Pretty sad that the only thing to look forward to at WF is months w/3 paydays. September is right aeound the corner. How many will make it that far and how many will be laid off b4 then?
The summer interns will be making 50% more than me
Just saw a job listing for summer interns… $36/hour. I’ve worked here over 10 years, have moved roles multiple times, and the interns will make 150% of my hourly rate. Must be nice.
Zz in front of email mean
Does that mean employee laid off?
WF needs CEO who CARES about the company
You have to CARE about a company in order to have any hope of leading it out of difficult times. CS and crew don't given a dämn about the company or the employees. BOD doesn't care either, otherwise they would have picked a CEO who cares. This... — read more
WFC = 45.46
The pop from Charlie’s $30 Billion Buyback announcement lasted less than one week. (Don’t cry that I don’t know how stock buybacks work. I know the legalities well. He has been buying stock all along, so the $35 Billion he has already wasted... — read more
Enough is Enough: Unraveling the Tangled Web of Misinformation
As an employee of the bank and current member of this online community, I feel it is high time I address the growing torrent of inaccuracies and damaging speculation that are running rampant. It's become abundantly clear that some users here are... — read more
What could they be announcing about RTO in the coming months ??
Just got back from pto and read the email about simplified RTO. And at the end the lady said there would be something announced. And acted like we schooled be excited about it. ???
Wells Fargo 2018 Securities Litigation...
share your thoughts about joining the settlement?
"Rules for thee but not for me!"
Post the arrogance and hypocrisies of management here!
Have to Laugh at this Statement
“ It was an absolute privilege, an honour and quite a humbling experience to have interacted with some of the senior most leaders - real brilliant minds - at the Wells Fargo Annual Leadership Conclave this past Friday! Not sure who was kissing TK’s... — read more
Stamp
Does it even matter? What use to crack me up about it was they would always move the date up when it was due. Or there was the date you had to submit before the drop dead date.
High deductible health plan (HSA compatible) users: did you get your Rally money after layoff?
I could swear that my "Rally" dollars used to show up in my HSA a few days after completing an activity. During the layoff briefing they said everything would continue the same including getting our Rally dollars since that's part of the health plan... — read more
Wells Fargo wins $30 million tax credit to build technology center in Central Ohio
WTF?? More highway robbery on Wells Fargo’s part. Why give Wells Fargo any kind of a tax credit when all they’re doing is undermining the US by offshoring jobs to India. Charlie Scharf has no scruples, no class, no honor and zero integrity. — read more
Severance paychecks
Can anyone who has received severance at WF or is personally familiar with the severance paychecks please enlighten me? I want to have an idea of how this works before I get cut, if that ends up happening. During the notice period paychecks, do all... — read more
I just want to honour our colleagues in ITV
These unsung heroes have made this world a better place to live. And at Wells Fargo they have gone beyond the call of duty to raise issues that carry little risk of addressing the actual root cause of any problem faced by Wells Fargo. Investment in... — read more
Excellent Comment on the Company Stock Buyback
I view the Buyback as an “inability to read the room” on our leaders’ part. Technically, we are still in jail for a pattern of unlawful behavior, and yet our leaders don’t have the common sense to lay low until they get the bank out of jail. The... — read more
Charlie, why do I loathe thee? Let me count the ways...
Changing the quarterly 401k match to annually Eliminating bonus targets Reducing salary transparency Tanking morale and productivity by employing forced ranking Making the lives of managers he-l by implementing spans and layers Your... — read more
I’ve decided to start answering questions, from my manager, like Charlie Scharf
My Manager: Bob, how are you coming on that high-priority project?? Me: “I will get it done.” My Manager: What is the ETA? Me: “I been very careful not to put dates out there because I have to do my work.” My Manager: I know you have to do... — read more
Keeping your job
The whole concept of spending time to get into the bank and then having to take extra measures to protect yourself from unscrupulous coworkers is counter intuitive. What are some of the things you've done to protect your job & safeguard against... — read more
Inconsistently meets
During my review, I was told I am meets. When I log in to sign off on the review, I see inconsistently meets. What do I do? This is messed up.
Had a laugh when I saw this Wells Fargo headline this morning:
Some random Wells Fargo employee hyping crypto under Wells Fargo’s name. https://www.cryptoglobe.com/latest/2023/07/xrp-wells-fargo-manager-says-my-price-prediction-is-anywhere-from-100-500-near-short-term/
Hate to say it - Displacements on 8/8/203
And Yet another round on 8/8/2023. Gotta move them goalposts i guess. Not Fake news, although there will be deniers, and Charles in Charges minions out to Deny this i’m sure. For some, they have already been notified. For others, this will be there... — read more
Restructuring Today?
I'm hearing some rumors from sources that I trust that there will be something coming down today. Not sure how big or small yet, but just curious if anyone else is hearing it. I've heard widespread across the company.
Anyone read the articles about bots replacing CEOs?
Sure seems like they could do a better job than Chucky and might even bring stock prices up. I’m not cool with bots or AI honestly but if we are all going to be replaced, let’s start there and put his millions back into the company or OUR pockets... — read more
Mute yourself during meeting calls
We can hear you ordering at the drive through, yelling to/at your kids, driving and talking, etc. But you live in a hub, so you get to keep your job. This place will surely have a tough time once the real talent is displaced. Some people may have to... — read more
Strike!✊🏼✊🏼✊🏼✊🏼
It’s a national issue (not just Wells Fargo). How long before the hourly rank and file wake up and realize we can shut this train wreck down and put an end to Charlie and the C Suite’s constant misdirection, grifting, and outright exploitation of the... — read more
SDI and Tech
Earlier this year, JB expanded her footprint as control exec for Tech to include SDI. Now TK is talking about how Tech-SDI are partnering more and more. I wonder if there is some some sort of merge happening at some point.
Let’s examine the motives behind the announcement to spend another $30 Billion on a Company Stock Buyback
A Buyback is a purported “vote of confidence” from management. (Believable? Depends on how if you trust the motives of this management team.) The bank is unable to grow organically (due to the Asset Cap) and could be stagnating, so a Buyback is... — read more
Wells Fargo Advisors Update?
What’s happening in St. Louis?
#SEVERANCE
That’s all.
Risk associated with outsourcing/offshoring sensitive financial data to India
Happened to meet a friend of a friend today who is a lawyer and a data security and privacy officer for a large investment company. I asked him a lot of questions. He talked about part of his job being to limit access to data only to employees who... — read more
Anyone in HR or ER Displaced?
Anyone in HR or ER displaced this past week? If so, any insight provided other than the standard talking points? Was made aware of a HR Employee provided displacement notice because they lived 45 miles outside of a core hub. Employee stated they... — read more
Skype getting more of a send-off then well respected colleagues
Several talented colleagues of mine were laid off last week and I only figured it out when I saw they had been zz’d. I know some might see this as a stretch but I find it ironic that we are being told to say goodbye to Skype but no attention is paid... — read more
Too many management layers
I am a long-term employee in risk and will be the first to admit there are too many management layers across many teams. I see managers who are just kicking back and coasting all day long. They add no value and are complete waste of company... — read more
LAST CHANCE FOR AN INTERVIEW
As some of you may remember, I'm a journalist writing a story about Charlie Scharf's "efficiency" policies and the effects they've had on Wells Fargo's tech. That story is coming out next week. If you want to get your experiences in the story, this... — read more