Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Thoughts on WFC’s stock.

Charlie, with the Board’s approval, has already spent $20 Billion of the bank’s capital on buying back WFC stock this year alone. (That tells you where our leadership’s goals are: offshoring American jobs, laying off American workers, not... — read more 

FACTS ON LAYOFFS

The writing is on the wall everyone. This is part of the GDE initiative. They hired H1B workers to ensure their friends and family in India can get a job. This is all part of that broader offshoring effort 70/30 (target 70% offshored to India &... — read more 

Wells Fargo Interview

Hello, does anybody know the target compensation for Wells Fargo Control Director position (base, bonus) in Charlotte? I have an upcoming interview, but not sure if worth pursuing. Would this position be safe from layoffs due to the focus on risk... — read more 

Has anyone asked CS

In all of those phony forums and zooms and group chats and town halls, has anyone asked Chuckster the Huckster if he would consider offering retirement packages, instead of his continual and often unannounced head-chopping? Just wondering. It just... — read more 

Severance questions

Couple of questions in case I get the boot.. Is severance one or two weeks (for each year of service)? Is insurance covered for the month after your 60 days is up? Is any pro-rated bonus factored in as we're in mid-year now? Thanks, Willing... — read more 

Incompetent Managers

I have noticed a trend with Wells that they tend to hire managers with no experience. I have been with Wells several years and worked in a couple of different departments. Each time I have worked under managers that have to rely on their direct... — read more 

Wells fargo- job offer- how bad is it?

Got a job offer from Wells on friday. Currently with BAC. Its 20% higher salary...was told bonus would be 50% higher than current if in top half of investment team (not really sale role).. Things I would appreciate anyone chiming in on 401k is... — read more 

Prepare for major layoffs and more offshoring

The results were far from good (as much as they try to spin it otherwise) and that's going to put the leadership (if you can call them that) in a damage-control mode. That means cost cuts across the board which, as we all know, means layoffs across... — read more 

Facial Hair / Banking Industry

Hi All, I've joined recently and I've noticed that almost no make colleagues at the bank have facial hair. I am not sure what's the beard etiquette in the industry as I am coming from an ad consultancy and it was OK over there. What do you think... — read more 

News Update 7/15/22

Here you go... as of 12 noon PDT... CNBC Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop https://www.cnbc.com/2022/07/15/wells-fargo-wfc-2q-2022-earnings.html Barron's Another Rough... — read more 

The stock is up 7%

I do not have much but I'll still take it. This is one piece of good news in a sea of negative sentiment. I am sure the executives are salivating, their mega bonuses are going to be increased with this stock price jump. I was afraid, after Chase... — read more 

Covid's Back

Covid is surging again, as expected. Many people are getting really, really sick. The push for RTO and showing up to the office and traveling needs to slow down ASAP. Not everyone is perfectly healthy or has a perfectly healthy and... — read more 

Problem with websites today

Anyone else having issues with external websites you normally use suddenly not loading and it says “Symantec this webpage could not be isolated”?

Performance "Calibration"

Performance "calibration" at work. Try not to be hurt - just move on. This has been going on for 3 years and gets more aggressive each year. Your manager probably held out for as long as possible or is "rotating" the good ratings to spread the... — read more 

16 yrs and first bad review

Been here 16 yrs always excelled and met for performance. Worked late nights and early morning last year to get an inconsistently meets but reading the review it raves and received a bonus…What the bloody he-l?

Upcoming Months

JPM Chase just reported earnings. There is a 30% earnings drop. They are suspending stock buy outs, so goodbye stock prop grey hat trickery. Jamie is very concerned... He does not like geopolitical tension, high inflation and waning consumer... — read more 

Layoff Announcement

Layoff's are 100% happening today. Any details for your area are appreciated.

Some Wells Fargo history for you.

http://on.wf.com/6043zsSuU The crazy thing is, WF is still using many systems that have been around since the 1970s, but hey wasn't that JPMC reject SvB going to change all that? #bankontech lol

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| 1170 views | | 5 replies (last July 15, 2022)
Post ID: @OP+1hIulQJk

About 400 branches closed since the start of 2021

Seven more were announced last week. It's not as bad as I thought it was, to be honest. Yes, we are closing most of all major banks but it's still only around five percent of the total. That certainly doesn't warrant the "all branches are doomed"... — read more 

Should I tell recruiter I was laid off?

I was laid off a few months back and I had some health issues after that. Long story short, I am ready to join the workforce now and I was contacted by a recruiter (she's also recommended by a good friend). Anyhow, should I tell her that I was laid... — read more 

Agile is a joke in WF

To be truly Agile you split your teams One does production support One does development This company is faking it ... Making people support both and yelling at them for not meeting unachievable goals Sr mgmt is either lying or being lied to.. — read more 

CIB Operational Risk Team

Does anyone have any info on this team ? They seem to be hiring and is a relatively new team based on my initial investigation. They basically cover CIB from a second line perspective. However with the recession and potential layoffs not sure how... — read more 

10%

If you're not giving your employees a 10% raise right now, you're giving them a pay cut.

My Life at 30

wake up eat breakfast work work work lunch work work work dinner gym bed time rinse, repeat. A i am 30, wasted my youth in a rat race, saved some money though. i am losing any drive right now. i do not think it's wells... — read more 

Operations Town Hall live from India

Lester Owens has been traveling through India and the Philippines and holding a town hall from there. They are showing their plans out in the open and telling Americans to bend over and take the layoffs that are coming. This needs to get out for... — read more 

New Hires

Crazy how new hires bankers are getting 50k while me in the other hand 7 years with the company getting paid 42k

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