https://newsroom.wf.com/English/news-releases/news-release-details/2023/Thomas-R.-Nides-to-Join-Wells-Fargo-as-Vice-Chairman/default.aspx

People's ability to work remotely from home is being revoked. I am now required to go into an office three days a week. This change may soon affect your job, unless you are a manager. Managers are allowed to remain remote and avoid collaborating with... — read more 

One of the "advantages" of our RTO initiative is that it has enabled me to connect with various business units and teams. However, I've noticed a significant amount of negativity being expressed by teams outside of my own when I'm in the break room... — read more 

Has anyone else heard of severance plan changes coming in 2024? I heard a rumor that the benefit is being cut in half, so only being paid out 1 week for each year of service.

Know more than your boss - that’s not too difficult these days. Become the expert. Reverse the boss and subordinate role. Knowledge is power. They want us to collaborate, right? Create a coalition. Cultivate relationships and then use your... — read more 

So i’ve seen multiple emails regarding immediate hiring for RCSA contract roles for 52.00-60.00 an hour. Do not accept this rate; they are desperate for help bc all their FTE’s have quit or are burned out. Listen do not accept anything less than... — read more 

You keep playing a series of rounds and you’re eventually finished in the game unless you’re the last standing man or the soldiers. Same here, there’s a layoff round each month, and who knows it’s not your turn? Only CS and his cronies who execute... — read more 

A new Vice Chairman role has been created. Tom will be a close advisor to Charlie on a range of issues, and is suited for the role as as a former top diplomat, and his financial background. The winds of change are blowing.

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If you work in banking, I'd recommend exiting the industry as soon as you can. The economy, inflation, and geopolitical environment is not going to be better anytime in future, and banks will continue to squeeze costs and reduce staff. Don't put... — read more 

Hopefully you are looking for another job, but if you want or need to stay - join the Union. I can’t think of another way to say this: Charlie is Fu----g you over in every way possible: boiling the frog, as they say. Can’t you feel the momentum... — read more 

I want to lay this out because I read a lot of comments here from WF employees and at times I feel that there is some misconceptions about your managers. I have been a manager for a long time with WF. Like most of you, I have also experienced a... — read more 

Let’s see all of goodies given to us grunt workers since chainsaw joined constant threat of layoffs yearly payout of 401k match or nothing if laid off before 12/15 meets is now the new exceeds RTO - don’t get me started on this subject... — read more 

20th name change without a pay increase in 10 years. Thanks Bei Ling.😂

If 'displaced'...

RIP your career 10/12.

Brrrrr, brrrr, what's that sound?! Chainsaw Charlie running his Stihl chainsaw. Lots of old wood gonna be cut in October. More staff reductions. I know you fantasize about him retiring but it's not gonna happen.

Emily Pe-k, author of Axios Markets For at least a decade, labor organizers have tried to make inroads at the nation's banks, but Wells Fargo is the only big one where workers are actually trying to unionize. Why it matters: Worker efforts trace... — read more 

They are always dodgy when paying out Billions for lawsuits. “Wells Fargo denies all allegations.” “Wells Fargo settles without admitting or denying allegations.” “We are happy to finally have this behind us.” Customers want to hear... — read more 

Laid off tow years ago (and very happy about it)....the settlement checks keep coming. What do you know about Scorby vs WF? I see something coming in the mail today and was wondering if anyone knows details? Thx

Anyone have solid info on the cloud certification they are pushing on everyone in tech? If we don't get that certification complete by the EOY are we toast? Thanks for any info

I am sorry to hear of the layoffs. But take a beat and look for the silver lining…. Sometimes you know you should make a move and for whatever reason you don’t. Some doors NEED to close to get you to move. In the upcoming days look at the big... — read more 

My prediction is that SVB will become the next CEO in October. Vote up if you agree Vote down if you disagree

Imagine a sliding scale for Pay at Wells Fargo: $40K to $24.5M ➡️you➡️➡️➡️➡️➡️➡️➡️➡️➡️CS Now imagine a sliding scale measuring “value* and performance. One would imagine that an executive’s value would increase proportionally with pay... — read more 

A lot of what is being reported is inaccurate. Layoffs are part of corporate life. And much is not forecasted. As is here. So don’t panic. Relax.

Keep getting desperate emails to fill contract roles for RCSA. Totally qualified to do that. Too bad the middle managers treated everyone like C***p & no-one wants to come back. That's what you get when you hire non banking friends of friends in... — read more 

Happening.

Happening

Can we still do benefit elections in open enrollment? I will have about 6 months on severance and was planning on changing my plan this year. Will I still be able to?

My nervous system feels like it’s already returning to normal. How quickly I am no longer in a state of fight, flight, or freeze.. is wild. I thought I would be stressed but I feel so good.

It shouldn’t be legal for a company to displace you in November and not have to match 11 months 401k contributions

Oct. 3: Bloodbath Oct. 4: Town Hall w/hollow reassurance until the next layoffs (theme: Sorry You Lost Your Besties) Town Hall set in the land of the nice people. What a coincidence. Nice start time, too. Showing blatant disdain for those on West... — read more 

What??? A Town Hall finally in October?? Not that he will have much to say and will probably “uh” and “ah” through the entire thing! I also doubt the audience in Minneapolis will ask any decent questions- if they even have time. The entire fireside... — read more 

Wells Fargo’s Broker Recruiting Deals Can Hit 400%, Sommers Says: https://www.advisorhub.com/wells-fargos-broker-recruiting-deals-can-hit-400-sommers-says/ Broker Recruiting Deals are upfront signing bonuses paid to induce successful Financial... — read more 

8 people in CCOG under TH were laid off... an entire team of people that really did nothing but generate a lot of emails and reporting that no one was asking for.

Why Wells Fargo Is Still Trying to Fix Itself A former Wells Fargo executive was recently sentenced for her role in the bank's 2016 fake account scandal. WSJ's Ben Eisen explains why that sentencing isn't the end of this story for Wells Fargo as the... — read more 

I hate it when we find out there were layoffs and there is no official info on it whatsoever. I always stress the most on days after that.

Grouping people together like cattle is not working. This whole hub mentality is the d-mbest decision.

Once you are laid off from this sh&tshow you are gone for good. Wells Fargo does not want to retain you, keep you or help you get another position. I was displaced in May after 25 years with mortgage. I have been applying to jobs and have landed... — read more