Obvious absence of posts by the terminated or the informed
What is going on with Redhat OS upgrade
Is the bank no longer supporting os upgrades of existing redhat servers to 8 and then 9? We just lost like 20 contractors working on that program
Another Wall Street buddy gets a big paycheck from Charlie
These people look after their own. Wells Fargo has hired Chase executive Ed Olebe to take-over Cards.
Too many management layers
https://www.hrgrapevine.com/us/content/article/2025-01-21-starbucks-to-restructure-corporate-workforce-with-layoffs-amid-sales-slump
Applied for a role at wells …
Been a month and still says “in review” Is this a fake job?
WEC
Get ready Winston Salem. It’s your turn.
Trump Orders Federal workers back to the office full time.
Get ready to sit in each other's lap, or get in the office by 6 AM to get prime sitting. Charlie has no spine and gonna tell us the same soon. https://www.reuters.com/world/us/trump-orders-federal-workers-back-office-full-time-2025-01-21/
Layoffs next week
Beware
Technology Budget 2025
Technology budget this year is significantly reduced by 30%. We will have a tough year. Source: Engineering Manager
One thing about Charlie: he never misled us by pretending to be…..
Visionary Trustworthy Benevolent Empowering Generous Respectful Honorable Supportive Ethical Multidimensional Communicative Fair Motivational Courageous Innovative Receptive Loyal Appreciative A leader He entered the bank as an egotistical... — read more
Wells Fargo HR is so incompetent
We employ the most incompetent people in HR. Despite going through thousands of layoffs recently, they still have no clue how to manage this process. My function (COO) is in the middle of the worse experience (for both managers and employees) we have... — read more
Cloud Strategy?
Seriously, what happened? I thought we were moving everything out we could to public cloud?
In the office on the Holiday
Does that count twice for RTO this week?
Are you kidding me??
Jim Cramer on Wells Fargo & Company (WFC) CEO Charlie Scharf: ‘He’s Terrific’ “Look I love Charlie Scharf [WFC CEO] and he’s terrific. But, when it, Charlie’s got a great national bank. But when it comes to capital markets, there was none better. It... — read more
Review and Wage increase?
We got our reviews but manager said they can’t talk compensation until like the end of the month? Is this true? I don’t remember my old managers doing that. When can they talk about comp and when does it go into affect?
Outsourcing
Is JLL taking over CPG?
StL
Any guesses on when St Louis MO will be vacated and left to the dust bin of Wells Fargo history? My gut tells me 3-5 years tops.
Severance
Did they announce how much severance the firm is putting aside in 2025, like they did on 2024?
When will they finish laying off the remote workers?
This seems to be dragging on forever.
1/21 and 2/4
Good luck on Tuesday and on 2/4, hopefully it’s a small layoff day. It would be nice to see everyone get a bonus and not be clipped on these next two cycles.
Stock price predictions
It appears we may be headed to the $90s and maybe beyond. How much of this bump in earnings is due to layoffs?
CIB jobs
Any openings in CIB MS?
35% Inconsistent Meets and below are given this year
These folks will get fired.
https://www.investmentnews.com/broker-dealers/sec-slams-wells-fargo-merrill-with-60-million-in-penalties-over-clients-cash/258970
Wells Fargo makes their money by taking advantage of clients. They know exactly what they are doing, hope they won’t get caught and will only change when it is brought to their attention by a regulatory authority. I don’t know how or why this bank... — read more
Chainsaw is optimistic about Trump
We should let Trump know about how many American jobs were lost to offshore I&P. I doubt Trump would be optimistic about chainsaw. https://finance.yahoo.com/news/wells-fargo-ceo-says-trump-002519034.html
Efficiently inefficient
Yet another day where I'll only get 1/8 of the work done since I spend 7 of every 8 seconds waiting for Cloud PC to perform the action I told it to, if it even does it. The latency is so bad, half the commands are missed. I have made a bit of a game... — read more
No More Risky Business as Wells Fargo Banks on Compliance
https://www.pymnts.com/earnings/2025/no-more-risky-business-as-wells-fargo-banks-on-compliance/
Mega layoffs comes right after long weekend
Technology LOB hits hard.
Happy Friday
To all the survivors that made it another week in the toxicity.
Congradulations Wells Fargo Safest Bank in America Forbes #1 Best for 24/7 Customer Service
Safest Banks in the U.S. 2025 In order to qualify for our ranking, a bank had to be included on the Financial Stability Board’s 2024 list of global systemically important banks (G-SIBs). This designation identifies those institutions across the world... — read more
IT&V
Considering moving to IT&V. What is it like these days?
Report your bad manager to C-level
Send a cold mail to C-level. It helps.
Wellsfargo hasten layoffs in next 6 months
Roughly 10% or 20000 employees will be axed in next 6 months.
Cloud PC getting borderline unusable.
The latency is getting unreal. 20 seconds to delete an email. 5-20 seconds of delay scrolling in Service Now. It's getting difficult to be efficient and professional when the platform I'm supposed to work on is anything but.
What were the major takeaways from the big employee survey?
What was all the hype about? Just to track participation rate more than anything else?
Lump Sum Severance Payout
For those who’ve requested it, how long does it typically take to receive your lump sum severance payout after submitting the request? I know the form says it can take up to 60 days but I heard from an old peer who got theirs the following month. Is... — read more
Wellsfargo greedy management
They exploit us all the time!
If you are going to rob us, then give us shares
If you are going to rob budgets in order to fund 4 billion dollars in stock buybacks, then maybe at the very least you could compensate us with some of those shares. This is our livelihood you are messing with in order to enrich yourselves. How... — read more