Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Lateral move - raise potential?

I've seen a couple questions like this posted over the past year but can't find them in the older posts. When someone moves into a new role with the same level/job title, are there any current considerations for a salary bump? Especially if my... — read more 

Peace Out! ✌️

https://newslink.mba.org/mba-newslinks/2022/august/mba-newslink-monday-august-15-2022/wells-fargo-plans-major-retreat-from-mortgage-business-it-long-dominated/

Think Different

If the bank had been more progressive we wouldn’t be in this mess.

Span of Control

New talk of span of control in the organization. Min 7 and max of 16 with 10-12 the goal. All needs to be corrected in 2023. Sounds bad for managers.

Does Wells Fargo care about my health?

If Wells Fargo cares so much about “well being” and “health”, why don’t they support 100% work from home? Less commute time, less overall stress, more time to go for a walk/exercise, etc. It’s non stop lies. It’s a game. You would think they... — read more 

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| 2120 views | | 18 replies (last August 16, 2022)
Post ID: @OP+1idHx2Vw

NEVER relocate or go to HR or call the ethics hotline

Trio of things to never do. 1. They will always lay you off after you relocate. 2. and 3. And if you know of misconduct or corruption never go to HR or call the ethics hotline they're for the purpose of singling out employees to destroy them. Take... — read more 

Mortgage HMCs

It seems like there’s an explicit strategy to get rid of HMCs to lower the cost of loans. All mortgage referrals from branches now have to go through a centralized call center in many cases rather than being able to go through the local rep. Does... — read more 

Where are the layoffs?

Dealt with 4 different team managers this week (1 in tech, 2 in risk/compliance, and 1 in CIB) and every one of them said they are hiring right now Not seeing or hearing of any layoffs but seeing lots of hiring

HR is not your friend

Good read https://www.businessinsider.com/microsoft-hr-layoffs-not-your-friend-former-vp-chris-williams-2022-7?utm_source=facebook&utm_medium=news_tab&fs=e&s=cl

Wells Fargo Compliance

Ok. So... let’s say you work in Compliance. Almost a 4,000 headcount. Things aren’t going well. Your job search is going nowhere if at a senior level because having “Wells Fargo Compliance” on your resume is a career ki---r. It’s easier for the... — read more 

Impact of IRA

now that congress has passed the “Inflation Reduction Act” hiw many layoffs will need to occur to pay for it?

Google execs threaten workers with layoffs

https://nypost.com/2022/08/12/google-execs-threaten-workers-with-layoffs-there-will-be-blood-on-the-streets/ So many similarities, executives threatening and putting tons of pressure on sales staff, I wonder what could go wrong. I'm pulling my... — read more 

ECMO is bloated - too many people

70 people in calls to make decisions and rinse repeat the next call - too many people trusted to approve changes. Will blow up in a year. Any other departments like thiS?

Impossible to be efficient here

"Enterprise" systems are getting slower and less responsive. Teams that support them are getting smaller but asked to do more. Busywork is increasing. Metrics are being chosen that have no bearing on real-world results. Yet we're constantly being... — read more 

Inconsistently Meets = PIP

If you get an inconsistently meets make sure you demand the PIP - meet with your manager weekly and in writing - I repeat - in writing - have a weekly summary of all duties and your performance. Make them earn every inch of that rating as we know... — read more 

1984 - Be glad your not at JPM

https://www.yahoo.com/finance/news/many-ways-jpmorgan-keeps-tabs-144000130.html JP Morgan sounds like my worst nightmare. 5 Days a week in the office, tracking how long you type emails, your zoom calls, how long your on the phone etc...

Another lawsuit

WFC LAWSUIT ALERT: Levi & Korsinsky Notifies Wells Fargo & Company Investors of a Class Action Lawsuit and Upcoming Deadline... — read more 

Work location

What is the name of the program and how do we begin a request for a different work location? Since they are so dead set on making us come in. Thanks!!

Workplace CoP call 8/11

WF made it optional to report if you have COVID, so you can be sitting among people with active COVID and not wearing masks. Some said they are getting notifications almost every day about cases in their workplace and that's cases that are self... — read more 

Loss of Hope/Joy

If everyone could explain in ONE WORD what made you lose your hope or joy at WF, what would it be? RTO? Chuckie? Money? Titles?

Global Survey

Some questions have a “?” as middle choice others have “Neither Agree nor Disagree” Difference? Why have “?” as choice?

ECMO - What is it like?

Looking at jobs. Is ECMO a decent spot? What’s the culture like there? Any groups / managers to stay away from? Or good managers I’d want to report to? Is RTO currently enforced in ECMO? (Staying Internal for personal reasons so yes, yes, I... — read more 

I hope he took them to the cleaners

Wells Fargo, Hispanic Banker Settle Job Discrimination Lawsuit Wells Fargo Bank NA and a Hispanic former personal banker resolved his lawsuit alleging race discrimination and retaliation caused his termination, Arizona federal court records... — read more 

CLT Brevard Office

Does anyone know what parking is like at our brevard location in Charlotte? Does anyone actually pay the $100+ to park there? Also are the cubicle walls high or are they set up in a way where you’re sitting right next to someone and you have no... — read more 

Post Asset Cap

What do you think a post asset cap world looks like at Wells Fargo? Do you think we will be better off than the other banks post asset cap because we are leaner and more efficient? What is holding us back from lifting the asset cap? Is it just the... — read more 

Change to IAM Functional Role

Manager says I'm getting a change to my IAM Functional Role. No other information provided. What is this and should I be concerned?

Advancement in the company

HR Town Hall this morning. To advance in your career you will need to consider relocation to a primary (Hub) location. That is the reality………. 😲

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