Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Hey TK ! Are you Dancing Now?

Wonder if TK the poster child for SVB cheerleading will own this or blame others . Maybe less dancing and more working would be good for #bankontech . Wonder if oneCT will mean TK will offer up her job or someone else’s job.

Regional Banks and Credit Unions Customers Incoming...

Most these smaller players are going to get washed out from lack risk controls over the years, regulators barely watch the smaller players. Basic concepts like match maturity just went right over the heads of bigger players like SVB, think of the... — read more 

SVB Failed

I saw that headline in the news, and asked myself: Which one, the bank or the person?

WF STILL hasn't restored customers' funds!!

The missing/backed out direct deposits from customers accounts this week STILL hasn't been restored. Some customers say funds are now "pending" but still not available. They can't pay bills! WTF is going on? Is WF using customer $$$ to temporarily... — read more 

2 week notice fulfillment

When I give a 2 week notice will they shut me down immediately or give me the whole 2 weeks to work it?

Its good to working at Wells Fargo right now

The most important risk areas, Credit Risk, Market Risk, are best in class at Wells Fargo. You know where all the failed bank customers go with their deposits right to Wells Fargo. Wells Fargo is going to clean up once again like every major market... — read more 

Charlotte RCSA Team

Anyone else get a "temporary assignment" to an RCSA team for 18 months? It's being sold as a great career opportunity, but I see it as advance notice of a layoff. Am I wrong?

Silvergate Bank liquidates

Crypto prices fell Thursday after Silvergate, a bank that has been at the center of the industry’s growth, made a decision to shut down.

In other news

Some Wells Fargo customers posted online that their direct deposits and scheduled paychecks were missing from their online banking accounts Friday.

Leave Wells Fargo behind or stay?

So I was laid off from mortgage in November. I’ve been with wells for 22 years and I’m 52 years old. I now have an offer for another position with wells with the same base pay. I also have an offer with a much smaller company with a 10% increase in... — read more 

Week of March 20

Any insights of what teams, how large the layoffs are expected and what areas will be impacted? Mortgage, tech, non mortgage, non HUB sites?

Hey WF, be like GM

Offer voluntary buyouts!!! From the article: U.S. employees who are approved for the buyout will be granted one-month pay for every year they worked up to 12 months, as well as COBRA health coverage. They also will receive prorated team performance... — read more 

Most recent round on 3/7/23

Wells Fargo did it again. This time they laid off most senior employees in portfolio underwriting and kept most non performing and lesser experienced underwriting team. This has to be the biggest mistake and this new management team has no direction... — read more 

Medical Waiver

Has anyone submitted a medical waiver to not go in the office? Any feedback helps. I heard some people got it and it was approved but I am skeptical about it for the long run of things.

Hit the nail in the head...

With this quote... "the purpose of...propaganda was not to persuade or convince, not to inform but to humiliate; and therefore, the less it corresponded to reality the better. When people are forced to remain silent when they are being told the most... — read more 

WFC was trading at $48/share when Charlie took over

It’s at $43 today. Peers like BofA and JPM have seen a gain in their share prices in that period. Still no end in sight for the asset cap, various consent orders, etc. Decimated the best mortgage business in the nation. But we’ve spent hundreds of... — read more 

Job class question

salary range question. In the same location, can a P5 in one job family have the same salary range as a P6 in another job family? I am comparing Risk/control to Tech. If trying to move up should you always consider the higher P# for more... — read more 

RTO- Rollover Minutes

Say you worked 8.5 hours in office on Mon but worked 7.5 hours in office on Tue. Rollover minutes has you covered

Old manager

Received an email with a previous manager on it and noticed he is now some BS consultant. Wells does need to cut the fat in some areas. He was completely useless. Unbelievable how someone like that keeps climbing.

Displacements Advisory Group

Just saw a job posting for Displacement Advisors to join the “newly created Displacement Advisory Group within Human Resources.” So that’s just swell.

Hours in office

Does anyone have an actual answer as to how many hours you must be logged on to the network for it to "count" as an in-office day? At my site it seems Iike at least half of the people there leave for the day before lunchtime.

Layoff predictions

None of you “predicting” dates and huge layoffs have been right. I don’t believe any of this info. None of you have inside info or been on big executive calls. Liars and trolls.

Control Town Hall Meeting... WTF was that?

I am at a loss for words. What did I just watch? This bank is crippled by the Fed's consent order and this bozo the clown character is who we picked to lead the charge to get us out of the toilet? You have to be kidding me. There were so many things... — read more 

risk hubs

I use to work at WF in security and risk and today a WF recruiter sent me an email for a technology risk management role. The posting said its only in hubs: West Des Moines, Tempe, Charlotte, Minneapolis, Plano. Hybrid 3 days office and 2 days... — read more 

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