I'm so tired and I have nothing to show for it. I work 12 hours every day and that's from home. I haven't gone to the office yet but if they truly make it mandatory, I can add two extra hours to my workday. What kind of life is that? I haven't... — read more
Regarding the post below: Southwest is the Wells Fargo of airlines…
This title made me laugh. I use Wells Fargo to describe all systemic failures big and small. Traffic backed up for years due to expensive highway construction projects which never show signs of progress: “Wells Fargo must be in charge of this... — read more
Empty office
Sitting in a virtually empty office today idly musing if we will see people come streaming in in the new year to comply with stricter RTO requirements . If I were a betting person I would probably bet against it ….:)
Wells Fargo closing San Francisco branch as in-store locations fall out of favor
https://www.bizjournals.com/sanfrancisco/news/2022/12/27/wells-fargo-branch-closing-safeway-wfc-aci.html
How much money is enough to feel safe enough to quit?
How much money would you need to have in your savings and checking accounts to feel comfortable telling WFC management to f-off and walk out, never to look back? No 401(k)s or other funds that you can't touch just yet. I'm talking strictly about your... — read more
Empower is garbage
Awful fee scale. Intentionally not user-friendly. Makes users dig to learn typical homepage dashboard info. WF really dug deep to get the Pinto of management platforms.
Southwest the Wells Fargo of airlines
The CEO finally comes out and confesses “outdated IT” after hiding behind an industry problem. Once no one else in the industry has the problem the truth finally comes out - as an apology for running on razor thin margins to increase profits. Totally... — read more
Good luck to all control owners in 2023
IT&V is a cluster mess. If you needed someone to defend you in court…would you hire an auditor? Wells decided they needed someone to lead their second line testing and hired…a lawyer? Patrick knows little to nothing about risk control or testing and... — read more
401k match
When does the company match arrive in your account? Is this match eligible for both employee contributions to the 401k and Roth 401k?
OCC and CFPB should restrict all executive bonuses and raises until consent orders orders resolved
This will accelerate the remediation of reg issues and never ending fines.....no executive raises or cash bonuses until all consent orders are remediated and closed. The end. Time to get serious. How bout a like on this post folks.
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
Just read beyond the headlines and realized that some of the customer abuses for which Wells is paying Billions of $ in fines took place in to 2022, three years under Charlie’s so-called leadership. Can’t help but wonder what kind of salary... — read more
When are the salary and bonus numbers finalized?
I know we are supposed to have our year-end reviews in mid to late January and find out what our raises and bonus amounts are then, with the new #'s actually kicking in in February. Does anyone know when those numbers are actually finalized though so... — read more
When will major cuts continue?
January or sometime later?
Low Ethics Hypocrisy
Why do you work at a bank that pays by billions for consumer and employee abuse? Then turns around and tells employees to cut back. Or lays them off. Don't you want better for yourself?!
Opinion At Wells Fargo, who directed the nefarious acts?
The Dec. 21 news article “Wells Fargo to pay billions as a penalty” reported that Wells Fargo has been ordered to pay $3.7 billion in fines for harming at least 16 million consumer accounts. The harm included charging illegal overdraft fees, seizing... — read more
Workday - Personal Holiday error
Realized I still had 8 hours of "Personal Holiday" remaining so tried to book it today. Getting an error when trying to update the "Quantity per Day" field - "Unpaid absence is not allowed for Personal Holiday. The Personal Holiday request for... — read more
Any updates on the fake hiring scandal?
Remember the fake hiring scandal at Wells. People being called to interviews when the winners were already pre-selected. Despite the fake sloganeering about DEI, etc ., no real minority candidates were really hired. The only minority ones incoming... — read more
Didn't RTO a single day this week! Too F Cold!
I know RTO posts are so rare that I thought I'd bring it up again. :) Kids are on xmas break. It's blizzarding and -50 degree windchill. Office is 25 miles away and I guarantee it's near 100% vacant this week anyway.....so I didn't go in at all... — read more
Lizard Wins, Shareholders should demand a sell off
Think of the unlocked potential if they simply cut 230,000 headcount, got rid of the political $4 billion dollar bribes to the like of Lizard and her unregulated CFPB SS Deep State, stop paying Charlie and friends hundreds of millions, got rid 20... — read more
Is fully remote work putting us at risk?
I hate even the idea of RTO after I've had a prolonged taste of WFH. I have made a few appearances at the office since hybrid was instituted but I stopped when I saw I was one of the rare to even bother. I do sometimes worry if doing my job fully... — read more
New policy: work on Weekdays?
Why is this being wired now? Netflix is not going to be able to watch itself!!!
Do People on long leave during December get 401k
Hi People who go on extended leave get 401k match.? Say.. A goes on approved unpaid leave for 3 months (including December). does A get 401k match on Dec .? Thank you in advance.
RTO: Attendance and Monitoring Question
How will Wells Fargo monitor and report our attendance to leadership. Who works in the department assigned to monitoring RTO? How will it work? How often will they report our attendance? If we do not go into office will they immediately terminate... — read more
Job posting compensation range
Is the salary range on job postings base salary or total compensation? The salary range already has over 150,000 dollar difference so hard to tell if it’s included or not. Thank you. (I know this was asked in past my apologies for not finding it but... — read more
How many layoffs equals $3.7B?
I don't doubt for a second that one of the ways to make up for the losses will be through layoffs and forced attrition (dumping too much work on people to see them quit). The only question is when it will start and how bad it will get. We are looking... — read more
Are they still giving out VP / SVP
I know they are meaningless titles but they are giving it to new hires as part of their hiring. I remember year ago they just said they would address it in the future but never saw anything
If leadership really cared about the business….
About 7 years ago my wife’s company (Fortune 500, top 50) sold their real estate and terminated their commercial lease contracts and went 100% work from home, and since, they now get more production and lower turnover than they did with offices. It... — read more
This is why they want us back in office’: Remote worker sleeps during workday
https://flip.it/dABZ6f
400 Bad Request
Alright tech people - what’s going on here? Do any of you work or do you just whine constantly about RTO? It is absolutely insane I keep getting this error when trying to do anything in branch portal and I am sick of wasting time having to... — read more
You should not keep any of your money in this criminal enterprise. Pathetic interest rates.
Aside from the fact that this bank is run by thieves and criminals, WF high yield savings accounts are paying absolute trash compared to other FDIC institutions. Must have 1m to get 1.98%. Seriously? Balance Standard Interest Rate Annual Percentage... — read more
Kristy dancing the holidays away...poor taste
Does anyone else agree with me that the head of home lending making light of the holidays when this year has been so brutal to the mortgage industry and as just last week proves how many of our fellow team members lost their jobs this year? The rest... — read more
Punished for being competent
My responsibilities keep increasing because I’m one of the only ones left who knows how to do the job well due to layoffs/high turnover/offshoring but I’m not getting anything in return. Bonuses in our group keep getting reduced and my promotion... — read more
Discretionary contribution to 401k
I read that Wells may give a discretionary contribution to your 401k up to 4% if you make less thank $150k. Has anyone received this discretionary contribution? If so, what % did you receive and when did it pay out?
Contract RCSA roles - thoughts?
Keep getting calls for contract roles related to RCSA, thoughts?
Consumer Technology
I guess all that globetrotting and cheerleading for Saul by TK , she forgot to take care of the Consumer Technology that helped lead to the $3.7B fine. That’s some big ole Boomerang. Need to do some house cleaning in Consumer Technology . WF just... — read more
same info
just reviewed the BofA layoff site. Same complaints. So if you think grass is greener, good luck
Wells Fargo has been fined more than 22B since 2000
Let's see if we can things rolling with more fines in 2023. https://violationtracker.goodjobsfirst.org/parent/wells-fargo
San Leandro,CA location
Does anyone go into this office? Want to know if I will see some faces if I go there or will it be the same like many other locations.
RTO - Required 3 days a week starting Jan
Just heard at least for CTO. If I get this new gig I'm in the running for, they can F off with 2 weeks notice if they require 3 days in the office.
Zoom out, pay attention
CS took this job knowing it was going to take time to clean up the org. Fines were inevitable, it was just a matter of time. The board expected this, not a reflection of Charlie. Wake up