I’m looking to connect with Mortgage Consultants that were terminated due to changing a value on a loan in order to qualify for an appraisal waiver. I’m curious on everyone’s thoughts.
Feds open inquiry into hiring practices
It sounds like the feds smell blood in the water regarding the fake interviews. https://dnyuz.com/2022/06/09/federal-prosecutors-open-criminal-inquiry-of-wells-fargos-hiring-practices/ It will be fun to watch this one develop.
Management Layoffs
When there is a reduction in staff due to layoffs is it common for managers to be told they are safe, but when the time comes they are actually included in the layoff as well? I can assume upper management can't advise managers they are getting laid... — read more
cms townhall
is hearing about Buffy the vampire slayers love of first edition books really a good use of my team or providing any value to the company?
Considering Positions in Controls, IRM, and Audit
I’m thinking of applying for a few positions in these areas. Which is the least dysfunctional? Appreciate thoughts
Microsoft to Nearly Double Salary Budgets, Expand Stock Compensation-WF should take a page out of their book but the greedy C's at WF sure wont
https://www.cnbc.com/2022/05/16/microsoft-ceo-satya-nadella-tells-employees-pay-increases-coming.html https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/microsoft-to-nearly-double-salary-budgets-expand-stock-compensation.aspx — read more
Increased Pay
what is the likelihood WF will do a mid year raise? with gas expected to be over 5.00 a gallon in the next few weeks nationally, they can’t expect people to drive and into work at these prices? honestly I make over 100k a year barely and I feel as I... — read more
Mortgage apps at the lowest level (22 years)
https://www.cnbc.com/2022/06/08/mortgage-demand-falls-to-the-lowest-level-in-22-years.html
Hearing several managers that they're having trouble hiring...
... they can't get candidates to interview because when they hear there is required hybrid return to office, they immediately reject moving forward. Candidates are only looking for fully remote, and if they can't get it here, there are other... — read more
Layoff in Tech
Team that deals with Hybrid Cloud. Outside consultants are already involved. Don't know how many people, but has already started.
An outbreak at the office every week
Now we literally are getting an email every week informing us of someone that has COVID, now when will they stop pushing us off the cliff and let us all work from home again. I can afford getting infected and passing the infection to my elderly... — read more
Excellent Book that our Board and our shareholders should read:
The Man Who Broke Capitalism (How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America- and How to Undo his Legacy) In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed... — read more
What is up with Charlie's recent e-mail re: hiring and recruiting?
Any idea what prompted this freeze/ "pause" ? The numbers in the link attached seem positive but clearly something is up ?
When to tell my manager?
I plan to retire within the next year. When should I tell my manager? If my manager knows that I'm going to retire, is there anything bad that he can do to me? Or is there any advantage to me telling him that I'm going to retire? They are... — read more
You know what’s bad for mental health?
The never ending prospect of layoffs. Maybe they need to stop paying all this lip service to their “caring” about our health Looks like my dept is next on the chopping block
CEOs and their pay
This is so disgusting. When are us little people going to help abolish this craziness. With WF and CS's clear incompetence this is a super slap in the face of WF workers. He should have a below expectations review with his inability to mitigate WF... — read more
Why the Migration
Why the migration from WFA to Stifel in St.Louis?
Wells Fargo Is Taking A Hard Pass On 53% Of Black Mortgage Applicants
https://www.forbes.com/sites/korihale/2022/06/07/wells-fargo-is-taking-a-hard-pass-on-53-of-black-mortgage-applicants/amp/
Don’t take the email phishing bait
Today’s phishing email: Wells Fargo Collaborative Teams Your manager has added you to a Project team! Follow up urgently to be part of this project. Open Wells Fargo Team Who gets the job of designing these emails? I do think this one was better... — read more
Is Charlie truly the worst?
I know there's a lot of animosity towards Charlie right now for several very good reasons (I am no fan of the man, let me make that perfectly clear) but is he really the worst CEO we've had since Kovacevich? Or is he just the current CEO so he is... — read more
How many of you want to totally get out of the banking industry?
I’ve been job hunting recently, as I want to exit WF after 6 years. What I’ve noticed is that when I see a job opening at another bank I automatically get a bad feeling about it. With that in mind I have stopped playing at banks and started exploring... — read more
Citi adding 4K headcount (tech roles)
https://www.businesstimes.com.sg/banking-finance/citigroup-plans-to-hire-4000-tech-staff-to-tap-into-digital-explosion
Charles in Charge - Reboot
Should they do a reboot of the show Charles in Charge? Wells' very own could play the titular character. Episodes will be about RTO, DEI, and all sorts of other alphabet soup. The drama will be riveting. The comedy, hysterical. During the season... — read more
Working OT
For about the last 4 months I have been putting in over-time to maintain a steady level in our department, as far as what I do. No complaints from my boss. Right now it actually helps me stay ahead of the expensive gas and food situation. I am... — read more
Wells Fargo’s Charles Scharf: Would-Be Scientist Pivoted to Wall Street
https://financialadvisoriq.com/c/3613164/465244/wells_fargo_charles_scharf_would_scientist_pivoted_wall_street
Dear Recruiters
You have 2 weeks to contact me before I withdraw my internal applications. We are getting less than 10 applications for jobs yet you cannot seem to figure out how to schedule time to screen qualified candidates. I would even be willing to take a... — read more
Complaints layoffs
Since part of ECMO was moved into that stupid workforce share, and now moved to Consumer complaints under a new leader, are there still going to be layoffs or offshoring of these complaint jobs? I know the leaders published an article explaining... — read more
Why is it always Wells Fargo?
Does anybody here believe that any of the many, many things we are being dragged for day and night by everybody under the sun don't happen at other big banks? They do! Everybody knows this. Yet it's always Wells Fargo that's the subject of articles... — read more
Offshored/Outsourced
What department is next to get offshored or outsourced?
WF CEO Charlie Scharf says the bank is considering pulling back on parts of its mortgage business amid scrutiny over its lending practices
On Wednesday, Wells Fargo CEO Charlie Scharf said the bank's embattled mortgage business could have a smaller footprint in the future — and suggested criticism of Wells Fargo's home lending practices are partly to blame. Speaking at Bernstein's... — read more
Wells Fargo employees pushing to organize union across bank’s workforce
Workers at Wells Fargo, the third largest bank in the US, are pushing to organize a union across the bank’s workforce with Wells Fargo Workers United, a campaign with the Committee for Better Banks, which successfully won the first union contract in... — read more
What is the difference between Scott Powell and Lester Owens jobs?
In other words, what does Scott Powell actually do that Lester Owens is not doing? Powell also oversees control now? Serious question.
Wells beter than Office Space
Sure, we have our problems at Wells Fargo, but after watching Office Space for the umpteenth time, at least it's not that bad.
Welp I’m walking away
Long story short. I’m a long time team member. While I’ve been laid off 3xs and retained; always had a positive attitude, I find it’s best to move on. For the second time I have been interviewed and hired by a manager I liked; when I was restructured... — read more
When will this end
So another person is leaving, no, not leaving WF, but going on leave. Surprise, the person who will take the place has an IQ that can belittle only a mo--n. It is bad enough that we have spaces that need to be filled because of attrition. But the... — read more
Does anyone know you are here
Have you ever told anyone from your office that you peruse this site? In other words, do you have the _____s to do that?
Lateral move - raise potential?
Before Workday, there was a policy in TW about salary increases with job changes. I think it said that if you're below the midpoint, you could get a raise. Since there are no official midpoints/MRP anymore, how do lateral moves work, as far as pay... — read more