Uncle Charlie has you all by the cr---h. Marching you around to the office, fretting about layoffs, treating you like little disposable peasants. Everyone walking on eggshells wondering when the next layoff is and who it's gonna impact. Meanwhile... — read more
Wells Fargo plans to close another 12 branches nationwide
Wells Fargo & Co. has informed its federal regulator — the U.S. Office of the Comptroller of the Currency — of plans to close another 12 branches nationwide, though none in North... — read more
Hub strategy
Real people are losing their jobs due to senseless hub strategy. Be kind. The company will make exceptions when and where they please. Those affected — hold out for your severance. Those of you who are left will have a LOT of work to do. Some truly... — read more
I love RTO
I go in and put myself in a meeting and walk around half the day and do nothing cause there are no team members near me. Years ago with assigned seating we knew where everyone was and could wait for people. Now no one knows where anyone is and I... — read more
$30 billion stock buyback Fail
Closed at $45.77, back to where it was before the $30 billion buyback! CS’s trick to prop up the share price only lasted a day ! What an arshole! Buyback to prop up share never works. Offshoring jobs sacrificing quality never works! Blaming... — read more
Field Tech Services?
Are they doing away with this group and contracting all this work or...? If so it's unfortunate, I knew some good ones.
How does the severance package look like?
2 weeks / year ? What else? How about the insurance?
Need Help
I got laidoff yesterday when I was on PTO and my login is disabled, I am trying to find the company wells fargo uses for Wells Fargo employee stock purchase plan, is it still computershare or was it changed ? thanks in advance !
Special Survey -- How many have you survived
For the time you have been employed or contracted at Wells, how many layoffs have you survived?
How many employees lost thier job 7/25-7/26?
Give'r the ole fishbowl guess. How many employees were zz'd out on just 7/25 and 7/26 alone? I'll save time for all those who think nothing happened this week. 5k+ user accounts. Toss 50% for natural attrition, death, retirement, erroneous... — read more
Belittled this morning
This morning my manager made me feel incredibly inferior - since then just having a wonderful day as I feel my mid year review going to be bad - but I do stuff above my level everyday. Thinking about escalating honestly. But if I do - I will have to... — read more
How to Destroy a Company in 10 Easy Steps
Nick Kasik Published Jan 12, 2018 From day one, make sure you let everyone know all the things you have accomplished. Don’t worry about proving yourself over time, just go ahead and tell them how great you are. ****Immediately, from day... — read more
Wells Fargo's values and vision is a joke.
Wells Fargo's recent approach to laying off employees has highlighted a disturbing lack of empathy within the organization. Instead of handling the workforce reduction with sensitivity and understanding, the company seems to have prioritized... — read more
TA RTO/layoffs
TA leader call this morning and Charlotte, Minneapolis, Phoenix, Dallas, San Antonio and Des Moines are the core hubs. NY, San Fran, Raleigh and St Louis are the “specialty” hubs. If you’re in TA and not in one of those locations you can expect to... — read more
Mortgage layoff
Does anyone know when the next round of major layoffs will happen? Myself and others are hoping to get laid off and a severance package.
Sell your stock in to the temporary strength created by the Buyback announcement
That is exactly what the C-Suite, Executives and ex-Executives will be doing. Charlie and the Board have spent $35 Billion on stock buybacks in the past 3 1/2 years, but have been unable to sustain strength and momentum in the stock. .. — read more
Technology Dashboards being shared
Does any get random emails from Technology that a dashboard has been shared with you? I get one every couple weeks and have zero knowledge why. We are supposed to be granting access on a need to know basis, and I don’t need to know this info. — read more
Performance Reviews - from TEAM of Manager
Since some managers are horrible, wouldn't it be nice to be able to rate them in their performance review? I got an inconsistently meets on one part for not proofing something. BUT in the part where my manager is detailing how I didn't proof... — read more
This should be illegal
Share buybacks within a few months of major layoffs should be illegal. If the company claims it has no money to keep employees, then it can't have money to buy back shares. A share buyback is completely optional, and yet there's always money for it... — read more
Salary transparency
I’ll start and let’s see if others feel like sharing: Job title: senior lead risk officer Salary: 215,000 Bonus if applicable: used to be 35% now 30k average Location: Sacramento ca Previous: Lead risk officer: 178,000 in role 4 years started at... — read more
$30 billion share buyback
Announced today: Wells Fargo is spending $30 billion to buy back shares (there’s currently an approximate $3 boost per share in after-market trading). That comes out to over $100,000 spent per employee to artificially boost our share price a little... — read more
What a day. Charlie's 30 billion buyback when 1000 laid off in Iowa
This guy's sense of timing is something else. Well he got rid of his chattel on the same day he pleased the shareholders. "ells Fargo & Co. (WFC) on Tuesday said its board OK'd a new share buyback program of up to $30 billion. The bank also said its... — read more
Tracy to announce new HQ for WF Technology
TK is poised to announce the new HQ location for WF Technology... stay tuned...
What happened to the big non-hub chop today?
The prognosticators, directors, and executives who constantly predict layoffs on this board were wrong, yet again.
Had my performance review got Above the Bar
Had a good performance review! Rated Above the Bar. Good thing is, I don't work at Wells anymore,hahaha! I ditched that Circus awhile back.
Bring SVB back to Tech
For everyone that complained about SVB at least he stuck up for us against the stupid RTO requirements. His AMAs were informative and he actually knew the material. Now we have people who just gaslight the teams. I guess because they are too busy... — read more
Has anyone been using AI to assist with work?
I have not used it but I see a lot of videos online where people rave about using AI. How have you utilized AI to assist with your daily work functions?
SBA layoffs just now
Just announced SBA folks got laid off on a Tuesday after payroll cycle.
~$80 million dollar hole to fill driving current cost cutting measures
was on a call today.. seem we have an $80 million dollar hole that is driving all of these cost cutting measures.
Technology Simplyinfing In-Office Expectations
TM message from TB: "Beginning Tues 9/5 all Technology employees - regardless of team or role - will be expected to work in a Wells Fargo facility a minimum of three days per week." ... "This is part of the ongoing, multi-year journey to bring out... — read more
And yet, MORE "simplified" in-office expectations...
"Beginning Tuesday, September 5, all technology employees - regardless of team or role - will be expected to work in a wells fargo facility a minimum of three days per week." This is all for your convenience and so you can collaborate...
For those who believe they're safe for whatever reason
I consistently received “exceeds” in my performance reviews year after year. My final year I received two 6% merit increases, being told I was a valuable asset to the company. 9 months later I was laid off.
Hub vs non hub
I'm remote in a given state. My headquarters is in another state. Will I be layed off and they'll replace me with someone who can work out of my main office? Or possibly be made to work out of an office in my city even though none of my colleagues... — read more
RIP — your career 7/25/23
Non hub buh bye :)
I hear you get to Heaven based on your WF performance ratings...
Word is those who worked at Wells are gonna get their performance ratings engraved on their tombstones someday. "Mike Hunt 1967- 2023 WF Workerbee. Inconsistently Meets, went to he-l." No in all seriousness, who cares what they rate you?! Why do... — read more
Internal job application for inconsistently meets
Can we apply for internal roles if we received performance rating if inconsistently meets ?
Branch Appointments
Are all WF branches understaffed? We have busy one, lots of affluent and working class customers. I like it. However, the environment is very stressful frequently because we don't have enough tellers/bankers. Business banker quit and district decided... — read more
Ask yourself this..nonhub ppl being laid off
I remind you that your CEO did not move to SF HQ hub to take a $21+ million a year job. He built one around him in NYC. But is laying off rank and file peeps in non hubs. I'd rather be laid off than work for a bunch of hypocrites, do as as I say... — read more
Hubs and Spokes and Jokes
I am reading people who work in non-hub locations are being laid off. Sad news! I left because WF wasn't committed to good talent and it was all a game, whether you worked in a hub or non-hub, even though you did your job well that didn't count for... — read more
I'm betting there'll be more layoffs this week
The last week of the month always seems to be the one when at least one group is hit. It might not be a major round, but I'm betting you something is coming.