For Charlotte market what is the pay range for Digital Product Manager roles? I'm looking for both Senior and Lead roles.
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”?
I've sent off emails to various folks who are wfh or supposedly.
Not one response. Gee. I wonder why?
Wells Fargo Job Numbers by Cities (2nd and 4th are from India)
5320 jobs today (7/15/2022): Charlotte, NC, USA: 1318 Bengaluru, India: 971 MINNEAPOLIS, MN: 787 Hyderabad, India: 772 CHANDLER, AZ: 542 ....... Stop sending our jobs overseas!!!
Wells Fargo Misses Across The Board As Rate Hikes Grind Mortgage Banking To A Halt
Wells Fargo Misses Across The Board As Rate Hikes Grind Mortgage Banking To A Halt
Kleber Santos in Charge of Consumer Lending
What the fu--s next exactly, Whoopi Goldberg is made Chairman? This is turning into a strange DEI Woke carnival of id--ts.
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
Tell me about Kleber Santos
He’s our new boss… anyone know anything about how he works and manages?
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
Wells Fargo (WFC) Q2 Earnings: What to Expect (Spoiler alert: nothing good.)
Money-center bank Wells Fargo (WFC) will report second quarter fiscal 2022 earnings results before the opening bell Friday. And investors are hoping the bank can produce results that reverse the recent decline in the... — read more
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
Has anybody received a warning for not coming to the office?
I went to the office exactly two times since RTO when I had to meet with my manager but that's it. I've heard they're now logging when we show up and writing people up if they don't, but nobody I know has received a warning or anything like that... — 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
Wells Fargo mostly defeats two lawsuits over mortgage losses
Wells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic mortgage-backed securities that were a major cause of the 2008 global financial... — read more
JPMorgan’s ‘big hitters’ of gold market face trial over spoofing
The former JPMorgan Chase managing director ran the bank’s precious metals business for more than a decade, making hundreds of millions of dollars in profit trading everything from silver to palladium. Now, he and two of his former colleagues face a... — 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
Central Bank Digital Currency effects on WF
Your thoughts?