Mass layoffs. Using someone's livelihood to balance the books, right? It is so normal today that we do not even understand how broken and damaging it is not only to human beings but to business. We have literally created a culture which every single... — read more
AVP vs VP
Does the bonus structure differ? Even if they have the same title e.g. senior lead.
WDSM IS Homebase bldg sold
I know the plan is to consolidate to Jordan Creek eventually — but anyone else hear that Homebase is already sold?
Silvergate for sale!
Rumor has it that Wells is interested in buying the Crypto Bank. Silvergate down around 95 percent from all time high Good buy?
https://www.nbcsandiego.com/news/local/wells-fargo-banker-out-of-chula-vista-gets-prison-time-for-opening-fake-accounts-to-launder-mexican-dr-g-
This news is one week old, but what the what??? 3 years after the fake accounts scandal, one year after the Federal Asset Cap for lack of oversight…and we can’t figure out that one of our bankers is using Wells Fargo to open fake accounts to... — read more
Do you feel like you're always walking on eggshells at Wells?
Asking for a friend. There does not seem to be any commitment to employees. People constantly have to look over their shoulder, worry about layoffs, etc. Why be committed there if they aren't committed to you?! It is not way to run a company when... — read more
Branch Layoffs 2023
Will service managers be laid off? Like the position totally eliminated? Will any premier bankers be laid off? Will the teller and associate personal banker positions ever be consolidated into one? It’s mind boggling that they still... — read more
Finance/Treasury Lead Analysts
Does anyone know how much these roles pay for external hires?
No meeting Friday Mar 10
Yay or Nay?
At Wells Fargo, culture eats strategy for breakfast
Tell me this Peter Drucker quote doesn't apply perfectly to this place?
Today and Every day, we appreciate you
Receiving this email and accolade today has been heart warming for me. I truly believe the bank in headed in the right direction.
"Employee appreciation day"
I don't know what it is, but WF is spamming me with email about it. "If you appreciated me you would____"
We*ponizing RTO to drive layoffs in March while inequalities grow aka K. Santos Sells millions in stock
Layoffs are 100% happening the week of 3/21/23. FACT! Now it’s time for a quick rant: Sooo…. Now that our leadership has decided to We*ponize RTO and spend their days scrutinizing the RTO reports when they should be doing their jobs! Any employee... — read more
Agile teams need to RTO 1x/week
Just heard from my manager. No more 1x/month for agile teams. Tech.
Big Tech Layoffs Are Hitting Diversity and Inclusion Jobs Hard
Will banking follow likewise? https://www.bloomberg.com/news/articles/2023-01-24/tech-layoffs-are-hitting-diversity-and-inclusion-jobs-hard?leadSource=uverify%20wall
3/21 - Powell meeting
Well, with the company wide townhall from Scott Powell just announced on 3/21 which is set up to address "transformation" I assume that date is all but a certainty for the next big layoff date.
Wells is an outdated Dinosaur but so are most banks....
With as many risk and control issues and consent orders that Wells has, it needs all the good talent it can get, but it severely limits its talent pool by excluding candidates not in 3 to 5 hubs. It's ignorant AF. Many other banks have roles open... — read more
Follow the RTO Money
So many companies are pushing RTO and we all know in 2023 that it makes no sense. Unless you consider who owns the buildings our offices are in. Wall Street. Incestuous boards of directors, REIT's, investors. For most work, there is no need to... — read more
Who is responsible?
Husband can’t get the bank to release $500 left in a business account from when his partner died (he passed away about a year ago).The partner’s wife, the executor of the will, has attended meetings with Wells Fargo with him, more than once, and he... — read more
Is it just me…
Or does there seem to be an increase in people taking leaves? Most I am hearing about seem to be mental health related. Multiple members of my team at one time. You would think this would send a message….
Does anyone not really care if they get laid off?
I’m looking for a new job anyway. Might as well get something out of this shithole.
RTO requirements are becoming unbearable
On my team there is no longer any flexibility with RTO because it’s now being tracked and managers are being held to it which means it’s being enforced with zero consideration for employee welfare. Car trouble, sick kids, feeling under the weather... — read more
Did you
Spend money near work today? If so, congrats you just fed your abusers. If not, good job n keep it up. Don’t forget to get creative with what you make for yourself. Not like the 3 repetitive options nearby are any better or healthier.
Anyone heard anything about the new LO comp plan?
For mortgage bankers? Supposed to roll out sometime in March I think. Rumor is there could be some very significant changes made to the primarily commission based plan….moving most people to a salary plus a per unit bonus. If true, That’s gonna hit... — read more
Promotions
Question on promotions I couldn’t find on teamworks - I was promoted in the year end cycle. I was also thinking about leaving the group and looking for a new role and the promotion was an unexpected surprise. Is there any information available in... — read more
Layoffs in February
Other than the mortgage, were there any other layoffs this month? I can't recall anything.
Despite layoffs, our overall team member count is actually flat to rising
Are layoffs being overstated, or is the bank hiring more contractors or shifting jobs overseas?
This is Wells Fargo in a nutshell
Strangest company I've worked for. I didn't speak to my manager for the first two weeks on the job. I tried reaching out several times but he seemed to have no interest in communicating with me. I wasn't even sure what software I needed or how to... — read more
Shoo shoo now…
You’ve got to get to the office today. Go on now, ya hear, there’s things to do there.
Peace out AWC!
Did you receive Friday's announcement about AWC leaving in May? Comes in - reorganizes everything and now has 12 weeks to pi-s off everyone on her way out. Bravo!!!
RTO
Are people that were remote before Covid being asked to return to office?
How much EMF
Is in our WF offices?
Technology
Is it just our area or is it Wells Fargo as a whole- Technolgy is very outdated? Our computers never work and always slow.
What for is SDET?
What is the thinking behind Software Development Engineer in Testing? Are they planning to build a separate Testing Wing parallel to development wing?
I left Wells 2 years ago and still hate that company
Anyone else who's left still reeling from their experience there? It was not a good experience on so many levels.
What's the story with RCSA?
I'm being pulled into RCSA and I'm trying to figure out what the logistics are for that. Lots of travel? Crazy hours? Anyone know what the story is with the day-to-day work on RCSA? Thanks