I'm in state x but my LOB is in state y. I'm being told I'm customer facing so remote is fine, when I asked a few months ago. I'm not sure I'm fine though really. My broader division has an office in a hub market 40 to 50 miles from me where I... — read more
California Remote
I’ve heard talk that the majority of the Southern California Remote Call teams will be displaced by the end of June or First of July. San Antonio will be picking up the collection inquiries and also doing the outbound dialing.
layoffs at 100 fidelity plaza north brunswick NJ location
we are hearing more layoffs at 100 fidelity plaza north brunswick location as move out to Islin location in August.. Is that true?
Rent Credit Card = $10mm monthly losses/money laundering = Csuite bonuses!!!!
Wells Fargo is allegedly losing $10 million a month… And the card is likely tied to money laundering activities!! Ha!! Leave it to the incompetent leaders at Wells Fargo to let something like this go to market… Where are the angry shareholders now??... — read more
Light Friday Story
Not doing this on company time, and I know it’s a bit much. I had a lot of time to think about this during the four hours I spent commuting to an empty office building last week. I often think it’s good that this company doesn’t provide healthcare... — read more
Rescinded displacement
Has anyone here heard of or actually been displaced then pulled back before the working notice period has ended. I actually know of two in my area. Commercial bank.
Friday meetings
Hey nerds! STOP SCHEDULING FRIDAY MEETINGS! FRIDAY IS NOT A MEETING DAY! IT'S A WRAP THINGS UP DAY! DON'T BE THAT GEEK! IF YOU SCHEDULED A MEETING FOR TOMORROW, DO THE RIGHT THING AND RESCHEDULE IT. YOU'LL SUFFER BAD KARMA OTHERWISE.
June 27 Class Action suit determination
119k applicants impacted by scoring model for home loans and refis https://www.bloomberg.com/news/articles/2024-06-12/wells-fargo-faces-class-action-decision-on-mortgage-racial-disparity-case?utm_source=website&utm_medium=share&utm_campaign=copy
Displacement Question - Reference Letter
Hey folks that have already gone through the displacement process. Thank God I finally got my call last week. In the documentation packet it gives direction to search on Reference Letter Request in Workday and click on the task. I do so and the... — read more
Medical Exceptions
How long until layoffs start happening to those on a medical accommodation to work remotely?
Exceptions
Seems to me that WF has adopted a stance where upon learning that a technology / platform / process / practice is being retired the first words out of a team member's mouth is "how do I request an exception?". I've said it myself, many people have... — read more
All open jobs posted ?
Are all open jobs posted externally ? I am a contractor and have been noticing people getting positions that I haven’t seen open on the public site?
No reason to try to hold on to this job
I’m not willing to relocate, then lose the job anyway in a short time from now. We have a constant stream of layoffs, and upper mgmt does not inspire trust nor demonstrate any competence. I have no reason to believe that the situation will improve... — read more
More layoff continues...
Next Tuesday, June 25th will see a substantial number of people let go. In fact, many have already been told unofficially to plan for it. Especially, those who have been here for over 20 years. That being said, if you are let go because of "location"... — read more
Is this normal?
Started at wells as a contractor and for my job I have to contact multiple people for information. Many of these people do not respond at all or only give incomplete answers and can’t tell me where to go for further information. My manager is on me... — read more
Layoff and Disability
Non-remote but non-core location team member here. We were told that we would be displaced however I have scheduled surgery and will be off for at least 3 months. Anyone been in my situation and know how this will impact severance? I don’t have much... — read more
To all the IRMs in operational risk
You have no accountability, no substance, no ability, no skill, no common sense, no business sense, no sense whatsoever, no insight, no utility, no value, no clue. Nobody knows what you do. No one needs you. No one will miss you when you go... — read more
Relocation Assistance
Has anyone received information they are willing to share about the relocation assistance being offered? Being told I'm getting it, but won't know details for several more months. Any insight is helpful.
Job Changes Max 5% Wage Increase
I just had an interview and the recruiter informed me Wells added a new compensation rule 3 weeks ago that promotions to a new team cap wage increases at 5% and the new pay could be delayed until Jan 2025. Has anyone else heard of this?
WF is where the really bad managers & "bankers" come to excel
They're all still here too.
Wells Fargo Is Losing Millions of Dollars on Its Flashy Rent Credit Card
Wells Fargo Is Losing Millions of Dollars on Its Flashy Rent Credit Card Wall Street Journal
Last severance check question
I am nearing the end of my severance. My severance period ends on June 28, but the normal on schedule payday for that period would be 7/5. Do folks that have gone through this know if that last severance check would come on 6/28, off schedule (as was... — read more
6/25
I’ve heard from others at work that this is supposed to be significant date 6/25 for releasing team members? Anyone else know this as well?
Mouse juggler
Did anyone hear any news about mouse jugglers getting caught? Is anyone worried like I am? I’m literally sh@ting my pants
Wave 2 for technology
Any idea what the dates are for wave 2 location strategy lay off
Severance pay - Lump Sum
I am thinking about receiving the lump sum. It says it could take up to 60 days to process and that they would not process it until after your 60 nonworking day period. Has anyone had experience with this? Does it take that long to receive a lump... — read more
Maternity Leave and Layoffs
Are there any legal avenues to seek if I get laid off right before or during my maternity leave? I’m expecting my first child next month and feel like they will be coming after me.
DAYS and HOURS in the office being tracked
It's not only the number of days you are in the office but how many hours per day. Reports are being run with that information and have been for 2 months now. People who are not spending enough time in the office are subject to being written up and... — read more
CB Intern Locations
Commercial Banking interns are located in many CB non-core locations including San Diego, Denver and Seattle yet I cannot apply for or be hired for future roles in those locations or continue my employment for much longer in one of those locations... — read more
India employee appreciation
LinkedIn posts show a very different employee appreciation versus stateside lol - we got nothing here but I’m in a non hub.
I want to "work smarter, not harder"
I work 70+ hour weeks and I'm tired of it but I'm so scared of being fired if I say no to any of it that I just keep doing it. My boss is an a--hole and I wouldn't put something like that past him. So much of what I do is not my job but I got stuck... — read more
Check out the big brain on Charlie: Article exposing the Bilt failure
What a disaster and an embarrassment. https://www.wsj.com/finance/banking/wells-fargo-credit-card-rent-rewards-8e380852
WIM Allegations of Misconduct and Fraud
According to a Bloomberg report citing disclosures filed with the Financial Industry Regulatory Authority last month, allegations include: Mouse jiggling as fake work, Fake interviews and hiring practices, High corruption involving the sale of... — read more
Commercial, from 3 to 4 days in the office
Most if not all of commercial, have gone from 3 to 4 days in the office beginning around Fall or early Winter. How are you holding up? Or is it not that noticeable anymore?
Wells Fargo should go back to being Norwest Bank
Preposterous? At first -- you bet. Remember it was Norwest Bank that purchased the struggling Wells Fargo bank. It changed its name. It may be time to reclaim it. What good is the Wells Fargo brand? How tarnished is it? Has Wells done anything... — read more
PSA: you can freeze your Work Number info
There are other such bureaus too but they are the biggest. I don’t have the details, but some states may give you more power than others. You can always unfreeze later. Might be useful if you do t want to drive an Uber or do odd jobs during your 60... — read more
Offboarding
How ironic is that the HR reps processing my offboarding are all from India….
Final Paycheck Question
I noticed that my final paycheck posted today on Workday, pre severance, and includes PTO. However, the funds have not hit my bank account. I understand that money paid before a pay date is considered off cycle. The processing takes longer and the... — read more
Firing for using mouse jigglers
Mouse jigglers' pretending to work fired by bank US banking giant Wells Fargo has sacked a number of employees following claims that staff were faking keyboard activity to fool the company into thinking they were working when they were not. It is... — read more