By my calculation, it’s like Feb 2 or 3. Will be giving my notice the following week, as I have had enough.
Charlie is so easy to read psychologically
He is on a desperate quest for significance and respect, triggered by his demotion from Golden Boy at JP Morgan. Charlie was in Jamie’s inner circle for years, and worked hard for Jamie helping to engineer several deals to vastly expand Chase’s... — read more
Expansion in Chicago
Surprised to hear that expanding in the Chicago market with Brick and Mortars was a strategy of Charlie Company. A dozen or so to be constructed and some already underway.
Mortgage Processor
Just got news they’re changing our incentive. Have to hit 11 instead of 7 to meet our incentive and decreasing from $135 per loan to $90 …. And they added more to our workload, the closing disclosure communication. AND changing our work hours / next... — read more
Wells Fargo close to forming the dreaded Death Cross
https://www.cnbc.com/2023/10/04/these-stocks-are-close-to-forming-the-dreaded-death-cross.html Way to go Charlie!
Return to Uncle John Stumpf strategy of serving customers!
Finally, we’re returning to the strategy that made us the golden child bank coming out of the crisis having bought the inept failed bank WB, and that strategy is; serve customers baby! Let’s do this! Back to Gr8 and growing the business! — read more
What is Small Banking?
Leaders keep emphasizing CSBB is Consumer, Small & Business Banking. What is Small Banking?
Charlie's Math is Wrong
He just said we are a company of 275k people. Latest numbers show his org in Workday is 237k and change. Hmmm....
Can you not get walk- in service in our banks anymore?
A friend in California is moving in to an ADU. The owner of the home will accept rent in the form of CASH only, and the amount is more than he can withdraw from an ATM. This friend does all his banking online. So he said he has tried walking in ... — read more
Nothing useful comes out of town halls
Don't get your hopes up. All you'll get is a lot of disappointment and most likely anger.
CEO Town Hall
Did chuckie boy actuall just call Saul... "Saul Vanburten"?? I swear that's what I heard. ha ha ha I guess the old adage = always start with a joke...is his motto.
"Inside Scoop" blast email
ARE THEY KIDDING? The first topic of the "inside scoop" is "Empathy can make a world of difference in the world of corporate." SERIOUSLY? So basically the employees that are scared every day that they'll be laid off, get a bad review from an... — read more
Any bets on CS Town Hall 10/4 topics?
One topic: WF is a dumpster fire.
JP Morgan has Jamie Dimon. *We have Charlie the Tuna*.
JP Morgan has the most powerful and influential banker in America. We have his reject. JP Morgan has an outspoken charismatic CEO. We have a secretive brooding shut-in. Jamie has successfully navigated his bank through financial crises... — read more
THE INDISPUTABLE TRUTH - ENOUGH IS ENOUGH
This is for the haters, trolls and non believers. So, Read it and weep Trolls. Just the facts!!! The are outsourcing risk and compliance rolls! Lots if UGLY TRUTHS. Any other employee would have been fired. Keep driving this FAKE NARRATIVE of... — read more
Bye Bye Columbia.... Wells Fargo to lay off 500+ SC employees, close Columbia office, state report shows
Wells Fargo to lay off 500+ SC employees, close Columbia office, state report shows https://www.thestate.com/news/local/article280033674.html behind paywall: https://archive.ph/25PKX#selection-1051.19-1051.102
WFC Below 39
Charlie’s “strategy” is an obvious fail. Shareholders agree. What’s the point behind all the damage and and chaos he’s leaving in his wake?? Shareholders should pressure our Board of Directors to put him out on the curb.
So Progressive!!! 400,000 SQ FT in NYC = RTO 5 days!!
“Wells Fargo & Co. is planning to spend $550 million to acquire 400,000 feet of retail space in New York City’s Hudson Yards and convert it into office space in one of the largest commercial real estate deals this year in the Big Apple, Bloomberg... — read more
10/3 layoffs were a LIE
Prove me wrong.
Todays Layoffs postponed
The thousands of layoffs scheduled for today have been postponed due to Charlie not having gas for his chainsaw. His chauffeur took him to the gas station but he didn’t know how to put gas in it. He plans to watch a youtube video to learn tonight... — read more
Tuesday Layoffs
If impacted by a layoff today, please list location and line of business on this thread.
Same Rumors Different Year
I’ve monitored this site for 2 years and just like death and taxes, the mass layoff in October is a given. WF has laid off and will continue to, Im not convinced it’s on the to the point that people hype it to be. Anyone who has been laid off or... — read more
TELLEM WHY YOU MAD! October Layoffs thread
For those impacted by October layoffs. Tell’em why you mad! And details on layoff please. Job Location: YOE(years of experience): LOB: FTE/remote/contractor: Rant(optional) (tell them why you mad!): Don’t provide any information that could... — read more
Has it started?
I know it's still early, but I'm a nervous wreck over here.
Charlotte CPG email about Ballantyne location
So I received an email from CPG addressed to employees that visit/occasionally use the Ballantyne Brigham building on the south side of town, which I do. Apparently they are closing the Fort Mill SC buildings and attempting to relocate those... — read more
Tuesday. Bloody Tuesday
It is coming folks. Brace yourselvez
If you are impacted tomorrow
or in the near future. Take a breath and then crank up the music and dance. I so wish they would take volunteers. Trust the door is closing for a better opportunity waiting to come in.
Columbia, SC layoffs and reducing offices
The rational by leadership for the layoffs, and how we'll be more efficient in the office, can be found midway in the article. https://www.thestate.com/news/local/article280033674.html
Interesting read that will impact your job
I post this because we all know CS is a J Dimon wannabe clone. Since he’s never had an original thought and AI is moving faster than our lazy government, this is inevitable here at WF. I realize we already use AI-don’t come for me. :) JPMorgan boss... — read more
Delivery during layoff
I supplement income with driving for Uber eats. If laid off, can I still do deliveries during an assumed non working notice period? Just trying to plan for worst case scenario
Chop chop coming tomorrow (10/3)
Buckle up. Significant numbers this time across CSBB, Tech, Risk and others. Especially “remote” workers and those who haven’t met RTO quotas.
Please submit this Town Hall /AMA questions
https://www.dailymail.co.uk/news/article-12577517/Wells-Fargo-executive-46-jumped-death-banks-Delaware-offices-leaving-shocked-family-searching-answers.html#reader-comments EVERY Town Hall and C-suite AMA question should be about this. We need to be... — read more
The Dark Triad: a Cluster of 3 Negative Personality Traits in Notoriously Corrupt Corporate Executives. Sound Like Anyone We Know??
High scores in these traits, when found together, have been found to statistically increase a person's likelihood to commit crimes, cause social distress, and create severe problems for organizations, especially if they are in leadership... — read more
WFC Back Below 40
How long are shareholders going to put up with Charlie at the helm? How long are Regulators going to put up with Charlie at the helm? As someone else said, “How can you prove yourself trustworthy, when you are willing to harm your own employees and... — read more
MMB Layoffs 10/17
Been hearing that there will be a round of RM layoffs on 10/17. Seems Charlie is not happy with CB leadership on efficiency ratio, well behind budget. Also hearing DE's to expand their territories, reducing the number of DE's in footprint. Cuts to be... — read more
under-stress-wells-fargo-executive-jumped-to-his-death-from-top-of-delaware-office
https://www.newsbreak.com/news/3176454871687-under-stress-wells-fargo-executive-jumped-to-his-death-from-top-of-delaware-offices-report?noAds=1&_f=app_share&s=i6
First job to be cut on 10/3
Cut the Retail sales consultant positions on the mortgage side. These people are over paid and due nothing. Our RSC travels all over with her boyfriend and says she is working. She gives zero support to sales. Is he attends no sales meetings... — read more
The leadership at this company needs to be replaced
There are so many of the wrong people in leadership from the c-suite starting from the top all the way down to mid-level managers. I truly think leadership has given up. My team has horrible annual survey results every year and morale is at an all... — read more