Predictions on annual raises for this year? Last year, Bei sucessfully fought for a 5% average increase. What do you think the average will be this year? Will mid points ever adjust? Seems like they’ve been the same over the past ten years... — read more
Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC alleges
https://www.cnn.com/2023/08/25/business/wells-fargo-overcharging-sec/index.html New York CNN — For years, Wells Fargo overcharged almost 11,000 investment advisory accounts about $27 million in fees, federal regulators alleged on Friday. The... — read more
Service charge free checking - follow up if displaced
I was eligible for retirement with 44 years prior to being displaced. After my final severance check, I called H.R. to check my status. I learned H.R. recorded me as terminated instead of a retiree. As a result, my checking account was changed to... — read more
No HUB Layoffs
If you are in a major hub you are safe
Employee Survey Released!
Are you taking your survey? If so, will you be brutally honest?
A letter written to the Federal Reserve opposing Wells Fargo’s massive $30 Billion stock repurchase
(condensed) The Honorable Jerome Powell, Chair The Honorable Michael Barr, Vice Chair/Supervision Board of Governors of the Federal Reserve System Dear Chair and Vice Chair, On behalf of more than 500,000 members and supporters of Public... — read more
Why isn't everybody quiet quitting?
There are no benefits to giving it your all. None. I can't understand why some of you are still bothering.
BRICS Summitt
Sure I'm late to the party in understanding BRICS. And sadly I'm now more inclined to believe our CEO and OCC are trying to harm our workplace and the US economy. Leadership signing off to pay a fine for deceiving investors; hiring people from BRICS... — read more
Negative People at WF
I enjoy laughing at the uninformed people on here. Got a kick out of the person who created a thread earlier, responded to themselves, and upvoted their comments and downed others. You do not believe people here make 150K? Lol. If we do, it must be... — read more
About to be free
Waited for package but wasn’t displaced. Everyday I wake up miserably because of work. Just turned in two week notice and I feel the best I have in a couple years. Good luck to everyone wanting to be displaced. PTO first week and wrapping... — read more
Do weekends in the office count?
If you come in on a weekend does it count towards days in office?
New RTO expectations for all of technology
Our vision for a more connected culture that promotes collaboration, belonging, and AGILE was of working is build upon an in person culture that prioritizes flexibility. Blah blah... Beginning Sept 5, all tech employees regardless of team or role... — read more
Reality check for the “Company Men”: Wells Fargo’s headline stories in just the past 30 days
‘Every day is another challenge’: Wells Fargo vice chair of public affairs says the bank is still on its (never ending) journey to rebuilding trust (Aug 25) Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC... — read more
Say what you want
Say what you want, but despite all the negatives, WFC still pays well. I've looked at several major competitors and from available data, they are all underpaying. I also interviewed with some and received an offer and I can tell you, nothing comes... — read more
Anyone know the cost of the low usage high deductible (HSA) plan on Cobra?
I'm trying to plan for next year already as I'm retiring early via the severance but I'm too young to qualify for medicare. IIRC the individual retiree health plan was $615/mo for the HSA compatible plan but I've seen people say the retiree rate was... — read more
Does anyone think WF is viable for another.decade or more?
Is anyone proud to work at Wells Fargo? Not proud of your work, but doing it for this company. Does anyone else think Wells Fargo will be around as is (not broken up, etc.) for another decade or more?
what happened to the wells fargo doctor guy?
curious minds want to know
Senior lead business execution consultants
How high is a senior lead BEC?
CISO
The incompetence and arrogance of so called leaders in CISO is unbelievable. If caught we will be fined again. The new guy from Visa, and the newer guy from DTCC should all be fired. Today.
WF cybersecurity LOB layoffs coming
Lots of managers and directors in San Francisco this week. Talking about plan of action for cutting American personnel while maintaining line of business status quo. Plan of action were talked about in San Francisco this week be prepared for the... — read more
Another Real Reason for RTO
Another interesting blurb on the real reasons for RTO expectations. See Here: https://www.axios.com/local/twin-cities/2023/08/25/target-backlash-remote-work-downtown-minneapolis
Can this be confirmed?
Layoffs started in STL office Tuesday. Sounds like more layoffs coming across all HQ offices in next few weeks.
CSBB AMA with SVB
Share your thoughts and musings on todays Ask Me Anything with Saul. I know many do not watch but I like to see and hear the BS directly. It was awkward when he went on about people who want to be anonymous and then how he hopes we can give... — read more
Another day Another penalty ... this time the SEC $35 mill penalty
from yahoo finance https://finance.yahoo.com/news/wells-fargo-overcharged-clients-27-132957553.html (Bloomberg) -- Wells Fargo & Co. has agreed to pay a $35 million penalty to settle allegations that it overcharged more than 10,900 investment... — read more
Article nails it on productivity
https://www.entrepreneur.com/leadership/productivity-is-at-an-all-time-low-because-were-failing/456861 Hits the nail on the head. When I had autonomy, I worked myself to death for this company. Now I spend all my time trying to mitigate the damage... — read more
Wells Fargo experiencing issues with banking system
Wells Fargo experiencing issues with banking system. Bet CC loves this headline today. Second time in the last two weeks. Another Agile, outsource to India, success story I'm sure.
The next time my boss complains about my work - I’m responding with Wells Fargo’s bland worn- out response to their system outages
“Sorry, Bob. I am aware that you are experiencing intermittent issues with my work. I am working diligently to resolve. I apologize for any inconvenience.”
Did they layoff most of the cpg staff?
Serious question- they used to leave a piece of paper that said the cubicle was cleaned. Now that is gone, along with cleaning wipes. Also, 7 times out of 10 there is something not working or is missing on the desk - camera, mouse, monitor, chair-... — read more
Charlie and the Board running wild with no consequences
Asset Cap going on 6 years with no ETA 2 System issues affecting customers this past month Spending $30 Billion on a stock buyback before they’ve fixed Compliance and Oversight issues Diversity stumbles Costly Lawsuits and violations for... — read more
Wells Fargo experiencing issues with banking system
Wells Fargo experienced issues with some aspects of its banking system on Thursday night, according to the bank itself and hundreds of complaints on Downdetector, a platform that tracks service outages. Problems ranged from transferring funds to... — read more
Massive Layoffs Start Again - T-Mobile Lays Off 7% of the totalk workforce (5,000 headcount reduction)
Local news in Seattle: https://www.king5.com/article/money/business/t-mobile-layoff-5000-employees/281-8b4c2a9f-8018-4ca0-8aff-355328f84aaa Platform Coverage:... — read more
Cubicles
And we have reached the end of the cycle where 1995 cubicles are becoming cool again Took 28 years I am convinced trends somehow happen in 7 year periods 1995-2002 cubicles good 2009-2016 cubicles bad -> open offices good 2016-2023 open... — read more
Chief Technology Town Hall
Thoughts? Seems like they are automating and leaning towards AI.
Has anyone seen the COO?
SP was supposed to lead the big "update on our transformation" call in March that got cancelled and was never rescheduled, even though they initially said it would be. I haven't seen/heard anything from him ever since. Not that I'm complaining, he's... — read more
What's the Status on the Asset Cap?
It's been more than 5 years now. When will it be lifted? Charlie does not talk much about this from what I have heard. I thought this was like his main focus. Has he failed?
Displacement Services
Has anyone had any success utilizing the displacement services provided by Wells Fargo; Wells Fargo direct support services or Lee Hecht? Seems like LHH services are just reading and video resources that we can locate on our own. A free resume... — read more
Events
So here we are again. Our division just can't stop entertaining us. I rarely attend. After hours drinks, during hours drinks, snacks, various competitions, professional sporting events with prime seating, and on an on. Team building they call it... — read more
Cultural Navigator
How many emails do we need about Cultural Naviagtor? Seriously. Don't trust sharing anything with this company. Recommend everyone change their settings to not share with others -- not colleagues, not teams, not administrators -- no one. Everything... — read more