To those who were recently laid off. Can you help those of us who remain by letting us know if there was any reason why you got laid off and somebody else didn't...? Sounds like a horrible question. I get it, having been laid off at another... — read more
No bank in sight
America’s most trusted brands: Band-Aid Lysol Clorox UPS CVS Visa Cheerios Weather Channel Colgate Home Depot (Morning Consult) https://morningconsult.com/most-trusted-brands-2022/
Pulse secure not connectinf
Did someone pull the plug on the way out the door
New quote from CFO on WFC company stock buyback:
“The bank is well capitalized and may be able to repurchase more stock later this year if things settle down, although Santomassimo said the bank hasn't repurchased any stock in the current quarter due to all of the volatility.” So….the leaders of... — read more
Are we recession-proof?
Hmmm...
Layoffs in TI
Our teams are getting hit with layoffs. Sad day!
Wells Fargo says the US will fall into recession after the Fed delivers its biggest rate hike since 1994
Economists at Wells Fargo said Wednesday they expect the US to tip into a recession in 2023 after the Federal Reserve hiked interest rates by the biggest amount since 1994 in a bid to choke off... — read more
My Layoff Team
Just want to say that I feel that I've become closer to you all here on this board than I am with the people who I actually "work" with. Even though I'll never meet any of you in person, I feel that we have a lot more in common than we do with... — read more
Teller layoffs or branch closures ? Our branch is ridiculously slow in our downtown area!
Last year around august our downtown motor bank was closed and our lobby was moved to another building near by we lost so many commercial accounts and customers are barely finding us after a year. We sit around majority of the day and don’t know how... — read more
Layoffs 6/16/22
Layoffs have started in infrastructure. I just got canned. It is my understanding that I am not the only one. My manager has more to do after me.
If your job can be done from home, it can be off-shored.
Big changes are coming to all of us.
Before possible layoff
Anyone still employed and get a letter from MET about change benefits? MET said letter goes to employees who retire or get laid off and referred me to HR. HR said if there is a dates it has to come from my manager. Wtf?
Update on Alternatives to Ethicsline post (May 9th)
This is an update on a previous post whereby I asked if anyone had any alternatives for the ethicsline as I was worried about retaliation. The previous post can be found here https://www.thelayoff.com/t/1gE9DTMC I actually entered an Ethicsline... — read more
FAKE INTERVIEWS at Wells Fargo
Joe Bruno speaks https://www.youtube.com/watch?v=jopIT8m6-Rk
David Kowach “Retires”
David Kowach “retires”… https://www.advisorhub.com/breaking-wells-former-brokerage-boss-and-retail-bank-exec-kowach-to-depart-memo/
Wells Fargo says discrimination suit plaintiffs lack standing
Wells Fargo is denying claims of discriminatory lending practices in new federal case filings, alleging some plaintiffs in one of the suits lack standing because they never sought the refinances in question with the... — read more
Looking for work?
I was laid off from WF awhile ago but still like to peruse the board. It was 23 years of my life and it is kinda hard to "let go". Personally I was ready (and happy) to take the package as it became so toxic working there. I do miss my Tech/QA peeps... — read more
smh…getting laid off any day now.
manager noshow all meetings that included me. boss cancelled the upcoming One on One. LOB + Product Manager avoid me and respond with one word answers. being watched like a hawk. other posts talk bout layoffs this week as well meh, any... — read more
Why the return to the office isn't working
“I don’t gain anything besides a commute.” https://www.vox.com/recode/23161501/return-to-office-remote-not-working Andres is back to the office three days a week, and like many knowledge workers, he’s not happy about it. He says that while he and... — read more
I have an idea….
… to start a campaign to get Charlie removed. He is failing in every way imaginable as a CEO [Stock price, dividend cut, #97 out of 100 banks (!), instability at the top, failure to get us out from under the asset cap, profiting while putting the... — read more
2022 America’s Best Banks
Coming at #97. Wells Fargo https://www.forbes.com/lists/americas-best-banks/?sh=33f435aac0de
Crash Landing Discussion
Doom and gloom only please.
Here we go...
Wells Fargo holding onto pandemic reserves given U.S. economic risks NEW YORK, June 14 (Reuters) - Wells Fargo & Co's (WFC.N)chief financial officer told investors on Tuesday the bank will not release funds it set aside to cover potential... — read more
In what way will the recession hit WF?
Now that there is not a lot of doubt that some sort of recession is going to impact the US economy, one has to wonder how it will impact WF, especially given the fact that thing are not great as it is. I imagine that older employees with large... — read more
Any journalists out there?
With all of the scandals Wells Fargo has seen, it’s frustrating that no one has taken a deeper dive into how this company handles se-ual misconduct. From taking over a year to conduct an HR investigation or them not taking any action, enough is... — read more
This may be the worst bank in the world...
Came to WF from another large bank, and I'm in shock at what a sh-t show it is. A new scandal in the news every other week, and millions poured into programs only for sudden "re-evaluation" or org changes that make it start over. I was also stupid... — read more
Does he go in ?
Does anyone know if Chainsaw and high level execs (Charlie company especially) go into the office 3 days per week? Today my boss stayed home, AGAIN! . It makes me think about privilege. That's ok, I don't mind 6 dollars per gallon 20 miles each... — read more
Can you apply internally before 12 months?
I'm a little over 11 months into my current role at WF. Can I apply to other roles knowing that the hiring process is slow enough that if it goes to an offer, it'll be after my 12 month anniversary? Or is there a check along the way that puts a hard... — read more
RTO Walkout - All Hubs
What's the status of the all-hub RTO protest walkout? Is that still on for this Thursday at 9am EST?
Has everybody given up?
Are we now at the stage where hybrid is accepted as a fact of life? Nobody seems too upset over RTO anymore, which makes me think that those who said to give it some time for the dust to settle and everybody would get over their objections were... — read more
Secure disposal bin?
Do the offices have this?
The Things We Think and Do Not Say
In the spirit of Jerry Maguire and because I’m leaving soon…here are my thoughts, make of them what you will. “There is a cruel wind blowing through our business. We all feel it, and if we don’t, perhaps we’ve forgotten how to feel.” - Jerry... — read more
MBS market is dead
https://youtu.be/lkllvn-t9Vw
PTO
My manager uses PTO as a way of punishment. They never approve time so that you can make plans. Then accusing others of mis using time. I want to sue Wells Fargo for hiring such an incapacitated manager.
Article on RTO
I will post below the top portion after the link. A long article but does bring up an employee of Wells and mentions JPM. Covers different perspectives and lines of... — read more
If it's not one thing, it's another
Well well, WF under criminal investigation for fake interview hiring practices. Another negative news headline. Given the sales practices scandal involved setting up thousands of fake deposit accounts, why would fake interviews surprise anyone?!... — read more
2nd Job
I think the only way i can survive at this point is picking up a 2nd job. I've never felt lower in my life with all the expense increases. I'm like looking for anyway to avoid this. No AC, i line dry my clothes, i tell my kids no YMCA play at... — read more
Coinbase Rescinds Job Offers To Workers Who Quit Major Banks To Work There
Wellsfargo included