Layoffs have started in infrastructure. I just got canned. It is my understanding that I am not the only one. My manager has more to do after me.
If your job can be done from home, it can be off-shored.
Big changes are coming to all of us.
Before possible layoff
Anyone still employed and get a letter from MET about change benefits? MET said letter goes to employees who retire or get laid off and referred me to HR. HR said if there is a dates it has to come from my manager. Wtf?
Update on Alternatives to Ethicsline post (May 9th)
This is an update on a previous post whereby I asked if anyone had any alternatives for the ethicsline as I was worried about retaliation. The previous post can be found here https://www.thelayoff.com/t/1gE9DTMC I actually entered an Ethicsline... — read more
FAKE INTERVIEWS at Wells Fargo
Joe Bruno speaks https://www.youtube.com/watch?v=jopIT8m6-Rk
David Kowach “Retires”
David Kowach “retires”… https://www.advisorhub.com/breaking-wells-former-brokerage-boss-and-retail-bank-exec-kowach-to-depart-memo/
Wells Fargo says discrimination suit plaintiffs lack standing
Wells Fargo is denying claims of discriminatory lending practices in new federal case filings, alleging some plaintiffs in one of the suits lack standing because they never sought the refinances in question with the... — read more
Looking for work?
I was laid off from WF awhile ago but still like to peruse the board. It was 23 years of my life and it is kinda hard to "let go". Personally I was ready (and happy) to take the package as it became so toxic working there. I do miss my Tech/QA peeps... — read more
smh…getting laid off any day now.
manager noshow all meetings that included me. boss cancelled the upcoming One on One. LOB + Product Manager avoid me and respond with one word answers. being watched like a hawk. other posts talk bout layoffs this week as well meh, any... — read more
Why the return to the office isn't working
“I don’t gain anything besides a commute.” https://www.vox.com/recode/23161501/return-to-office-remote-not-working Andres is back to the office three days a week, and like many knowledge workers, he’s not happy about it. He says that while he and... — read more
I have an idea….
… to start a campaign to get Charlie removed. He is failing in every way imaginable as a CEO [Stock price, dividend cut, #97 out of 100 banks (!), instability at the top, failure to get us out from under the asset cap, profiting while putting the... — read more
2022 America’s Best Banks
Coming at #97. Wells Fargo https://www.forbes.com/lists/americas-best-banks/?sh=33f435aac0de
Crash Landing Discussion
Doom and gloom only please.
Here we go...
Wells Fargo holding onto pandemic reserves given U.S. economic risks NEW YORK, June 14 (Reuters) - Wells Fargo & Co's (WFC.N)chief financial officer told investors on Tuesday the bank will not release funds it set aside to cover potential... — read more
In what way will the recession hit WF?
Now that there is not a lot of doubt that some sort of recession is going to impact the US economy, one has to wonder how it will impact WF, especially given the fact that thing are not great as it is. I imagine that older employees with large... — read more
Any journalists out there?
With all of the scandals Wells Fargo has seen, it’s frustrating that no one has taken a deeper dive into how this company handles se-ual misconduct. From taking over a year to conduct an HR investigation or them not taking any action, enough is... — read more
This may be the worst bank in the world...
Came to WF from another large bank, and I'm in shock at what a sh-t show it is. A new scandal in the news every other week, and millions poured into programs only for sudden "re-evaluation" or org changes that make it start over. I was also stupid... — read more
Does he go in ?
Does anyone know if Chainsaw and high level execs (Charlie company especially) go into the office 3 days per week? Today my boss stayed home, AGAIN! . It makes me think about privilege. That's ok, I don't mind 6 dollars per gallon 20 miles each... — read more
Can you apply internally before 12 months?
I'm a little over 11 months into my current role at WF. Can I apply to other roles knowing that the hiring process is slow enough that if it goes to an offer, it'll be after my 12 month anniversary? Or is there a check along the way that puts a hard... — read more
RTO Walkout - All Hubs
What's the status of the all-hub RTO protest walkout? Is that still on for this Thursday at 9am EST?
Has everybody given up?
Are we now at the stage where hybrid is accepted as a fact of life? Nobody seems too upset over RTO anymore, which makes me think that those who said to give it some time for the dust to settle and everybody would get over their objections were... — read more
Secure disposal bin?
Do the offices have this?
The Things We Think and Do Not Say
In the spirit of Jerry Maguire and because I’m leaving soon…here are my thoughts, make of them what you will. “There is a cruel wind blowing through our business. We all feel it, and if we don’t, perhaps we’ve forgotten how to feel.” - Jerry... — read more
MBS market is dead
https://youtu.be/lkllvn-t9Vw
PTO
My manager uses PTO as a way of punishment. They never approve time so that you can make plans. Then accusing others of mis using time. I want to sue Wells Fargo for hiring such an incapacitated manager.
Article on RTO
I will post below the top portion after the link. A long article but does bring up an employee of Wells and mentions JPM. Covers different perspectives and lines of... — read more
If it's not one thing, it's another
Well well, WF under criminal investigation for fake interview hiring practices. Another negative news headline. Given the sales practices scandal involved setting up thousands of fake deposit accounts, why would fake interviews surprise anyone?!... — read more
2nd Job
I think the only way i can survive at this point is picking up a 2nd job. I've never felt lower in my life with all the expense increases. I'm like looking for anyway to avoid this. No AC, i line dry my clothes, i tell my kids no YMCA play at... — read more
Coinbase Rescinds Job Offers To Workers Who Quit Major Banks To Work There
Wellsfargo included
Sip of my coffee
It takes an insecure man to have to tell you every time he's taking a sip of his coffee... (AMA)... It's not our fault all the engineers are leaving, it's those big tech giants on the west coast's fault, we don't need to look at the way we treat... — read more
"Work Area Security"
OH GOOD LORD! Now, after the RTO program we're getting invites to a "Work Area Security Program" meeting. I kid you not there is a slide stating "Open work areas increase visibility and potential risk"... WELL DUH. But guess what was missed when... — read more
A word brought to you by competence
The quote from the HR leader made me realize Wells is never gonna get out of the headlines. The reason being is we won’t ever have competent leadership. Who wants to attach their name and career to Wells Fargo? Here you have a relatively new HR... — read more
Disappointed by Recent Layoff
Take the money and run. Have more to say but ... I guess that is all I should say. Had great hopes for a long successful career with Wells Fargo, worked very hard, much overtime, lot's of deliverables met for over about a decade, and then surprise... — read more
Nobody wants to stay here
$1.4B Team Bolts from Wells Fargo to Join Dynasty J.P. Morgan Private Bank Pulls $1 Billion-Plus Teams from Wells Fargo, Wealthspire in NYC These are just from the last 24 hours. There have been many, many more in the past few weeks and something... — read more
Who thinks sales practices didn't go far enough?
I keep hearing about fake accounts. What about the coercion? Cases of elder and dependent adult abuse? The worst was when you saw confused people get strong-armed by the dude they hired from qwikstop. Did your manager care? A lot! In fact, they loved... — read more
The iron is hot
If you dislike this place as much as some of you claim, start singing. Anyone with a few bad years here can throw a handful of dirt on the coffin by contacting some of these reporters. Who knows, maybe they revoke the charter and your area gets sold... — read more
Medical accommodations to Work from home.
Curious if anyone has recently submitted a medical accommodations request to WFH, and if so, how did you feel about the process/procedure and how long did it take to get approved or declined?
Performance review for Charlie Scharf
WFC stock price today: 42.67 WFC price the day Charlie started: 50.25 DOW today: 32,272 DOW the day Charlie started: 27,000 WFC dividend today 0.25 WFC dividend the day Charlie started: 0.51 Under Charlie’s reign, our stock is down more than 7... — read more