Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

What day is bonus payout?

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 

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....

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.

by
| 2560 views | | 15 replies (last October 5, 2023)
Post ID: @OP+1oVh9C1m

"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 

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 

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 

by
| 2280 views | | 8 replies (last October 3, 2023)
Post ID: @OP+1oUPPULy

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 

by
| 1910 views | | 2 replies (last October 4, 2023)
Post ID: @OP+1oUGM6Gq

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 

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 

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 

Start a new thread - post a news comment, question or message:

: