First, there was collaboration.....(we are all in this together) Then there was automation....(python, ansible rah rah rah!) Then came agile......(hire scrum masters so we have have two bosses!) Then came silos (due to agile...we don't care about... — read more
Increased heath issues?
Has anyone else experienced more health issues this year (or with their team/peers), since the “8 hour” rule was threatened? I’ve personally been sick a couple times since Jan 1 and that’s very odd for me. After reflecting, the only thing that’s... — read more
Hold the line folks, efficiency strategy is going to shift.
IBM bucks AI-fueled layoff trend, triples entry-level hiring for 2026. How long until the CEO FOMO has Wells (and the rest of Wall St.) start hiring again?
Bridget Engle is Despicable
Bridget Engle, whose 2024 compensation was $22.11 million, admitted on a town hall call today that employees were being forced to sit on the floor due to lack of space. This is reminiscent of textile mill workers who were forced to wear diapers... — read more
Cloud PC
Does logging into Cloud PC effect your time that is counted toward the 8 hour per day in office requirement? Have heard different things.
FUN
Three team members were displaced a couple of weeks ago. After bonus payout, 3 out of 4 senior team members resigned. Made my day
Wells Fargo to sell off certain regions
Anyone know of any updates or when it is to be announced?
Vasara risk project
Does anybody know about the "Vasara" risk platform and the team around it? Is it a good team to join internally, from either the tech or the quant side?
Office concern
dang everybody looking ashy today
Fed is going to relax rules for mortgages
2013 changes to risk capital largely led banks to withdraw from the market. Now its companies like Rocketmortage. This has led to higher mortage rates because banks have cheaper funding (deposits). Fed is going to change the rules so to incentivize... — read more
Recent displacements
I just heard the entire asset movement department in Operations in St Louis was displaced. Any truth to that?
Can you work for another company in the 2 month notice period after displacement
In the 2 months displacement notice period, it says it is non-working. Does that also mean we can't work for another company?
Technology town hall
What’s your insight? Let’s put it here.
Charging employees for parking moving forward
Guess what, emails were out that employees who want to park at the office will start paying for parking, shortly after downgrading cubicle equipment to docks and monitors 10 years old.. that while Charlie gets his $40Million. Cheap tactics, did we... — read more
2019
Facts I find interesting. We didnt have a CEO between March 28th and Oct 21st that yr. Yet Net Income Q1 $5.86B Q2 $6.21B Q3 $4.61B incl a 1.6B litigation so really $6.2B We didnt even have a CEO. Q1 Tim Sloan even handed everyone in the... — read more
2/17 layoffs so far
just heard of two executive level managers were let go in digital, long term folks, wow! at least they got their bonus’s
Any Reorg Ideas?
Put them in this thread.
Good luck all the American engineers in Technology
Your time has come 3/3 15%
All the issues we are dealing with just don't matter....
Lets be real here. Customers use bank services. These services seem simple to the customers. And in fact, are a tiny part of what goes on behind the scenes. I say this to remind everyone (if needed) that all the BS, discrimination, unfair dealings... — read more
For tomorrow. Share layoff stories here please. We need to know.
Tomorrow is the next layoff date. I expect it will be focused on non-bonus eligible people and 3/3 will focus on those who are bonus eligible. They want to see who takes the bonus and run. They are counting on it. Best of luck all.
Watch out tomorrow Iselin risk
Going to be small but Community and Commercial banking are going to lose some Executive Directors and possibly one Managing Director.
San Leandro Office
Looks like AZ, NJ are now changing to 2 days per week. SL is a mess and is very difficult to find a seat. If mgmt. is reading this, hope this changes to 2 days.
Don't be a fool and use the companies AI tools like CoPilot
Walk into any corporate office, and you’ll hear the same anxious conversation: Will AI eliminate white-collar jobs? The optimists insist that new jobs will emerge to replace the ones we lose—after all, it has happened in previous tech revolutions... — read more
T Minus 41 days
T minus 41 days, then it’s 4 days a week and 8 hours a day in the office, no ifs, ands, or buts. The directive from above is that WF offers a very generous PTO policy. In Risk, if SM gets her way, 4 hours of PTO will only be considered as 4 hours... — read more
Don't waste time on this board
The management and executives here are untrustworthy. They've broken just about every rule and unwritten rule possible with directs. They're the type who give you prop's the entire year and then give you a bad year end review so they can cheat you... — read more
Wells Fargo actively hates its employees
This is hands down the worst place I’ve ever worked for, and it’s not because of the job itself. The work is fine, but the way employees are treated is brutal and intentional. Management acts like paying people is some kind of personal insult... — read more
Big layoffs March 3
End of the world layoffs…..
About 1% of corp risk does anything
33% are doing the minimum waiting for the axe hoping for severance 33% are doing the minimum waiting to retire 33% are barely doing the minimum waiting to see whether they got another job. the other 1% work because they dont know any better. No... — read more
Hours in Office - How many before it counts?
How long does one need to be in the office for it to count as a “day in office”? I’m not talking hours. I’m talking actual days. My LOB mandates 3 days per week and today is day 4 - I’m trying to get ahead. Would me showing up at the office for 3... — read more
Tuesday 9am “check in”
This past Thursday morning, I got a meeting invite for this upcoming Tuesday at 9am for a check in with my manager. Is this the call? I haven’t even been here a year… Also strange that I have another check in two weeks, on a Thursday around noon... — read more
California Quitters: consider gaming the waiting period penalty
If you are in Cali, you must be given your final pay within 72 hours, even with no notice. The cynical way to work this in your favor: quit summarily no notice via email to your on a Friday afternoon during business hours before manager’s week-long... — read more
CHECK CLEARED
Bonus landed. Given they sc--wed me on Merit and Bonus... well they can forget me giving a 2 week notice. I would give notice today but I'm going to leave at a time of my choosing, when its the worst possible time to leave for management, that's... — read more
Corporate Risk In-Office FAQs
Wow if you search Corporate Risk In-Office FAQs in teamworks, they are posted - right down to guidelines on how long to stay in focus rooms.
Ethicsline
Has anyone had someone on their team fired due to time theft? Like using bereavement after a year/ abusing volunteer time?
Why 3/3 vs 2/17
I keep seeing 3/3 is the big day, but what is so special about 3/3? Has anyone heard anything about 2/17? It’s a Tuesday after the largest payday of the year. And, Monday is a holiday. For me, the application I work on is supposed to retire on 3/1... — read more
RTO goal post
Do the needful and quit already. They are moving the RTO goal post again because they aren’t seeing as much attrition as they hoped with the 8 hour tracking. They don’t like that we use 1/2 days pto to avoid the office.
MVP Event in San Diego
Congrats to all who made it! Who’s excited??
WF has 50,000 employees in IN and PH
just mentioned in a town hall