Asset Cap will be removed in 1H 25. So much fat, start looking now.

Anyone have ANY legit info about location strategy for 2025 (other than it will occur)?

Wells Fargo is a different company today than when I arrived. During my tenure, we have driven a tremendous amount of change and progress and established a much stronger risk management and operational foundation. We have changed our leadership... — read more 

I see the FLIV team is going to be absorbed by EBCE, BCM and IT&V . They just created this team 3 years ago- always moving things around like a game of chess.

Top "article" on Teamworks....do these ostriches even know the vast majority of the Company is nowhere near Hudson Yards, nor even remotely gives a sh--e?

And not by a small margin. What it definitely doesn’t improve are productivity, cooperation or efficiency. I know they want most of us gone, but couldn’t they’ve done it in a more efficient and less expensive way for all parties involved? A lot of... — read more 

What is the real reason ? The timing is bad given that wells is trying its best to lift the asset cap. This can’t be good news from a reputational perspective. Something dosent seem right.

https://www.bankingdive.com/news/warren-wells-fargo-asset-cap-fed-powell-barr-letter/733625/ Pocahontas has spoken!! The bank's OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn't... — read more 

I would hope there wouldn’t be layoffs tomorrow during a Holiday week

As we navigate these challenging times, I want to take a moment to express our sincere gratitude for your hard work, dedication, and the critical role you continue to play in our organization. To show our appreciation, we are sending you a tin of... — read more 

I understand Wells Fargo gives 2 weeks severance per year of service. Can someone who was a FTE there lose severance if they have a serious illness that prevents them from working and they were approved for short term and then long term disability... — read more 

Super lame how WF gave the blanket title of Executive Director to basically everyone, regardless of qualifications. They wiped put SVP, etc. But now BBG (now EMM) used carsalemen are "Executive Directors." What a joke.

A piece of foam floating down a lazy river. Nepotism at its best

Does empower automatically cut off excess 401K contributions ?

Shouldn't the goal be to get rid of most if not all of them?

Oh boy. Now this should make investors nervous. Wells Fargo Investment Institute is WRONG more often than they are right. The problem is that the bank has decided they must have one voice when advising clients. Yes this makes sense on paper, but it... — read more 

Does anyone have experience or advice to share about applying for unemployment benefits after severance ends? Does WF deny these unemployment claims? Can not fulfilling RTO requirements (the reason for being displaced) be a reason for denying... — read more 

"No one wants to work. Our turnover is terrible." Did you give raises over 7%, the rate of inflation, so workers got ahead? "No" Did you give larger raises and bonuses to execs than others? "Well, yes, but..." Did you ask people to pick up slack for... — read more 

I’ve been in banking for 15 years, and have changed three banks. I want to leave WF and the industry. I’ve been trying to think outside the box, and have been sending out resumes to smaller companies, some insurances, and even applying for government... — read more 

Product Managers were put in to try and do that but then we identified products wrong. To make Agile work we have to be tech organized along true products and services like car loans and brokerage accounts or customer connections and branch... — read more 

https://www.bankingdive.com/news/warren-wells-fargo-asset-cap-fed-powell-barr-letter/733625/

For laid off people or coworkers of people laid off, are you/they coming back to WF? I personally know of only 1 person that came back and that was to maintain PTO and benefits.

In an awkward moment today, a WF employee unmuted himself several times during a meeting to let Management know what he thinks about them and the direction of the company. The employee also posted several comments in the chat, airing his grievances... — read more 

What they say, "enabling you to work from anywhere." What they mean, "enabling us to move your job anywhere."

... — read more 

To say I feel demoralized would be an understatement.

SM > CC

Enough of hard labor for peanuts, I think I have enough experience and skill to start something meaningful. What would be the best age to start a business? 20s, 30s, later??? What age would you pick and why?

Why would mgmt allow that cr-p to go on? Because they too have nothing better to do?

The “quiet quitting” playbook is well known: “in a meeting” on MS Teams scheduled slack, email, code at late hours private calendar with blocks mouse jiggler for always online “this will take 2 weeks” (1 day) “oh, the spec wasn’t... — read more 

No company has scrum masters. Why we still have them?

Large number of EBCE to be fired or moved to ITV under the big one.

Coming out of these management employee review calibration meetings makes me feel ashamed and disgusted. But I have no choice but to play along and fabricate reviews to please my senior executive.

Has anyone had any experience with receiving your bonus when you accepted a job in another department? I have an opportunity to accept a much better job in a different department however the job would not begin until early January. My current job... — read more 

Shareholders are cheering the deceptive “Wells Fargo comeback story” as Charlie cuts costs, cuts corners, cheapens products and services, slashes headcount, sells off profitable business lines, offloads sensitive work to outside vendors and... — read more 

Just askin

Source, I’m a 1st level manager and I’ve been giving the directive to “hold” on a few open reqs. Anyone else hearing anything?

More than enough to fatten up the resume. Anything beyond comes with diminishing returns. The time before your skills and experience become a burden has been progressively shorter. There’s always cheaper and more convenient replacement. You can be... — read more