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
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
US Bank Guilty of Opening Fake Acccounts.. and they're buying Union Bank
I don't know about the rest of you but i've lost all respect for regulators. These guys seem to be 100% driven by political actors. Our banking and financial system have been corrupted by politicians.
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
Officer positions gone from Workday hierarchies?
Was looking in WD, they’re all gone. Scars the scoop? Saving VP titles for actual executives instead of a thousand low level consultants?
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?
Every single one of the leader pictures you see each day looks like THAT customer at Starbucks
You know, the one with the needlessly complicated order and ZERO patience for the Barista. Case and point, the aligning controls to support our business email. Top of the house especially. Sharf and Santomassimo are DEFINITELY ordering a 15 word... — read more
Global Survey
Some questions have a “?” as middle choice others have “Neither Agree nor Disagree” Difference? Why have “?” as choice?
WFH 5 days a week? W
It will eventually happen- anyone hear anything?
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
JPMorgan Gold Traders Found Guilty After Long Spoofing Trial
https://www.bloomberg.com/news/articles/2022-08-10/jpmorgan-precious-metals-traders-found-guilty-in-spoofing-trial Where is the outcry on this? Can you imagine the if WF rigged an entire materials market, you would never hear the end of it. What's... — read more
When a job posting says you’re expected to work 3 out of 5 days in the office, is it actually enforced?
Cause fu-k that sh-t….
If it weren't for the possible layoffs
Wells would be a pretty good company. I like my job, my compensation, and my team and other employees. What is your take?
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
You are a shareholder if you are a permanent employee. Time to stand up together!!
It is time for shareholders to start pressuring the BOD to get rid of this weak-kneed ineffective snake-oil salesman, and hire a CEO with vision, courage, and decisiveness. This statement was taken from another post on this site. I think we can all... — 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?
Our manager insists on having a useless meeting every Monday morning. Can anyone relate?
This has been going on for years. He has sold his manager on the idea that the meeting is necessary to get everyone “in the right headspace” for the week. Employees have to set time-sensitive and critical work aside so this manager can validate his... — read more
ECMO Manager Hybrid Meeting next week
Wonder what this is about ? 1 hour long meeting for Hybrid policy and Q&A …
MLP CIB Control All hands on deck
What a useless meeting...
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………. 😲