Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

"Supporting our communities"

What's happening, Charlie, is that as the bank pulls out of small markets and focuses only on hubs, employees and branches are increasingly only in hubs. We're no longer supporting communities; we're supporting metros.

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| 910 views | | 3 replies (last January 13, 2023)
Post ID: @OP+1kFMjPPj

Auto Loans?

How much longer do you think that Auto Finance has before it’s stripped down, sold, or shuttered all together? We exited the direct lending arena a while ago and now only lend via the finance offices at the dealerships in our network. With supply... — read more 

….and down the deadbeat stock goes on earnings report

Owning Wells Fargo stock is a losing proposition. Being a customer of Wells Fargo is a losing proposition. Trusting Wells Fargo’s CEO and BOD is a losing proposition.. Attempting to reign in WellsFargo’s greed, fraud and mismanagement is a losing... — read more 

4th Q earnings - Yikes

And the numbers are in, EPS down 51% YOY! ROE cut in half! Pathetic Spin it Chuck, but we made more money on rising interest rates! And hey look the other big banks are sucking wind too! We should feel so much better, at least we don't have any... — read more 

Meets is the new Exceeds on performance review

New to WF and was told by manager that their manager says getting a "meets" on your performance review is the equivalent of getting an "exceeds". I don't believe it, sounds like BS, but want to hear from others who have been at WF longer.

How many cuts this time?

1000? 5000? 10000? 30000? Nothing says fail like cutting the very employees who dedicated their time keeping the wheels on this train wreck.

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| 1603 views | | 3 replies (last January 14, 2023)
Post ID: @OP+1kFfFarA

Retirement age

Could not find any information on workday, does company have any requirements on when you should retire or you can work as long as you want, the reason is I saw so many employees looks like in their 70s. No age discrimination or anything just want to... — read more 

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| 1690 views | | 7 replies (last January 13, 2023)
Post ID: @OP+1kFG7RDS

These poems are hilarious

Rhyme / beat a little off, but the punches that land hit hard Thank you OP who ever is posting this

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| 970 views | | 7 replies (last January 13, 2023)
Post ID: @OP+1kEtMWcI

When in doubt, reorg

https://www.businessinsider.com/wells-fargo-tech-strategy-reorganization-product-development-2022-12 "The heritage of Wells Fargo has been very fragmented. It was very product focused, region focused. Every location was itself. It was an, '80... — read more 

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| 1690 views | | 5 replies (last January 13, 2023)
Post ID: @OP+1kE8cRGE

Candidate withdrew

Why does job application status show “ candidate withdrew” which candidate did not withdrew, asked HR help, they said HR does not withdrew for applicants, not sure what happened. Anything to do with hiring freeze or this position was terminated?

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| 1290 views | | 6 replies (last January 15, 2023)
Post ID: @OP+1kEel9FS

Wells Fargo on a branch closing spree again

https://journalnow.com/business/local/wells-fargo-branch-closing-initiative-continues-with-10-more-nationwide/article_31aafb8c-7d7a-11ed-9a04-dba425658561.html Banks do this when earnings are in trouble...

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| 1040 views | | 5 replies (last January 12, 2023)
Post ID: @OP+1kEwijSM

Ex-wells fargo workers advance COBRA lawsuit

https://news.bloomberglaw.com/health-law-and-business/ex-wells-fargo-workers-advance-lawsuit-over-cobra-notice-threats Bank defended notice language as clear, accurate Plaintiffs recently dropped other challenges to notice Wells Fargo & Co. must... — read more 

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| 1180 views | | 3 replies (last January 13, 2023)
Post ID: @OP+1kEQb32h

I used to like Saul

I used to like Saul. but honestly as I keep watching his AMAs I realize he is a master doubletalker. I rarely get anything of value from him anymore.

Wells lying about technology layoffs

So far Wells in pretending there will be no mortgage technology layoffs. They refuse to use the word layoff. Instead they imply they will just move people to other open jobs. Don't believe them. They know that is not true. Everyone knows you... — read more 

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| 1730 views | | 6 replies (last January 13, 2023)
Post ID: @OP+1kEZq31R

WF future in question

This very well may be the time that yet another “too big to fail” company goes under. This whole board it post after post of pending lawsuit examples against WF. All on busted, broken and illegal home loans, union busting, mismanagement of employees... — read more 

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| 1430 views | | 8 replies (last January 17, 2023)
Post ID: @OP+1kELd27r

2 week notice period

If you find a position at another bank and give your 2 weeks notice, does Wells let you actually finish out that notice period now? It used to be that if you were going to a competitor, you were dismissed immediately, but that doesn't seem to be an... — read more 

Layoffs?

I was wondering if anyone had any info about what types of jobs would be first in the layoffs? Based in Minneapolis

RTO fyi

The new reporting will track IP Addresses as well as badge swipes…hmm…

Wells Fargo to Exit Correspondent Business

Per https://www.thetruthaboutmortgage.com/wells-fargo-to-exit-correspondent-lending-shrink-mortgage-business/. Humm... I thought Charlie was going to have Wells become a "technical company" and compete against Rocket and UWM. I guess there is... — read more 

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| 2170 views | | 5 replies (last January 12, 2023)
Post ID: @OP+1kD3cLD8

WF Mortgage Layoffs

Do we know how many are slotted to be laid off and what the layoff schedule will be over the next few months?

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| 2990 views | | 7 replies (last January 11, 2023)
Post ID: @OP+1kDTgJEU

Friday will be brutal

WF releases quarterly earnings Friday. If you look they were expecting $1.20 or more earnings per share 30 days ago. That dropped like a rock recently to about $0.60 per share. Analysts are expecting massive layoffs and associated reserves for... — read more 

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