I heard a million times that layoffs decisions are made a relatively long time before they are executed and that at least a couple of management tiers are involved in those decisions or at least familiar with them. So how do they keep that info so... — read more
5/25 Layoffs?
Are any layoffs scheduled this Wednesday? If yes, what line of business and roles.
Holiday PTO counts as PTO (day in office)?
I was told (and saw a post here) that PTO counts as a day in the office. But what about holidays? When I asked about it, I was told no it doesn't. But I didn't choose this holiday PTO? So why can't it count? Which one is it? Make it make sense! — read more
Duplicate posts
Why are there so many treads about the same thing? Can't you guys search before starting a new post?
Lots of people here don't work in WF cooperate and are just salty ex employees/reporters trying to get a insider info/ political activists
Yea you got that right. 99% of you ridiculous. You are all feeding the troll
Nothing on NYT?
Not a single article or email has been sent out regarding the NYT article. I have a feeling there’s a good amount of CYA going on. The lack of communication leads me to believe leadership is expecting a lawsuit here soon..
RTO: rewarded for more than three days
It's looked upon favorably if we are in office more than the required three days per week.
Let's take a guess
We've been hearing about a new Wells Fargo-related scandal each week for a while now. Last week, the scandal du jour was the fake job interviews for minority candidates. What will it be this week? I'm genuinely curious what's the next immoral or... — read more
Bye bye service managers
From a very credible source, the fast majority of service managers won't be in their roles by the end of the year. Basically unless you're in a level 3 branch with a lot of tellers they are adding the service manager role and honestly it couldn't... — read more
The interconnect between the bank and gov't entities
Is it me or does this place spend 95% of its time trying to made some gov't entity happy. Customers wonder why the focus isn't on better customer service etc... it's like all the resources here are focused on keeping gov't entities and the related... — read more
Layoff Choices
When choosing layoffs - is there a way to specifically ensure we get rid of certain people? I’m assuming not. Specifically, I’ve seen many people who are absolute parasites in retail, abusing intermittent FMLA with serious intensity, that are still... — read more
WF Fines $7M for Anti-Laundering Fail
The tech failed, not surprised. Am surprised they had a system instead of a spreadsheet for tracking https://nypost.com/2022/05/20/sec-fines-wells-fargo-7m-for-anti-money-laundering-lapses/
RTO.. it’s all about that bottom line.
It’s the worst kept secret in the industry. All companies do it.. but in our case the implications are a bit more sinister. BOLI (Bank Owned Liability Insurance) “Bank Owned Life Insurance (BOLI) is a tax efficient method that offsets employee... — read more
I'm seeing job openings at WFC all over the place
I'm seeing them in some areas I know were hit by layoffs less than six months ago. I'd understand if we were laying off in some areas and hiring in others, that's how it's supposed to go, but laying off hard working people just to turn around and... — read more
Mental health month and layoffs
Interesting that we’re getting lots of leadership discussion around mental health. For employees one of the biggest sources of stress is layoffs hanging over our heads. When a person quits a company the company can continue. When a company gets rid... — read more
Consent Order / Asset Cap
Does anyone know when the asset cap will be lifted? I feel like I haven’t heard anything about it recently on the town halls. Once it’s lifted will our expense reduction culture and efficiency projects make us stronger?
Refi
I'm a closer in refi. My pipeline has dropped like a stone. From 100 or more to 8 in a matter of weeks. I can't see them keeping us much longer.
Let's get ready to Rrrrumble
In the left corner is a rep of HR In the right corner is a Worker Team LOL
Charlie and the WFC stock buyback
Charlie spent $18 Billion of the bank’s cash aggressively buying WFC stock between $45 and $60 per share in the past year. Stock closed at $41.67 Another reckless WFC CEO spending shareholder capital to falsely drive up the price of the... — read more
Reorg in TI/Hybrid
Has anyone heard of a tech reorg in TI/Hybrid coming next month?
Any folks between 35 and 45 here? How much do you have in your 401K?
I am behind, took me a while to graduate and start working. I have just shy of $90K right now, I am investing conservatively. I am 39 and I am afraid that I'll never be able to retire. Things are expensive nowadays and you litereally need several... — read more
lunch feedback
somebody need to learn the casheir how to satisfact they customer… please forward this to the correct department
Why is RTO more important than Safety?
Now every day we hear about at least an outbreak in one of our locations. Why the strong desire for keeping the RTO in place on the expense of employees wellbeing and safety? What are they waiting for? What are their expectations?
401k - getting the shaft again
The annual 401k match happened at the top of the market. It is absurd the match doesn’t happen every paycheck. We would be averaging into the market right now (getting shares at a low price) if not for company greed. Workers getting the shaft again! — read more
6 Days?
Standard work hours here is 9am-6pm, so 9 hours and I used to stay 10+ hours in the office often. before covid was another hour commute daily which meant pretty much not having any sun. New girl at work has a kid and told me she thought it was... — read more
before you create a new post...
how about seeing if there is a recent existing thread. quite a few different threads today on the recent NYT article.
The sales practices stain will live on forever
What wells got accused of in the NYT is literally a problem across America. Heck the NFL is getting sued for something similar. People wanting to hire people they know or like is a tale as old as time. I’m sure after the Flores lawsuit many current... — read more
Truth is, no company is going to truly appreciate you.
Everyone thinks the grass is going to be greener. I have left many companies for others, and have found myself thinking, Ok. This is better than the last company. Only to find myself hating it afterwards. The only ones who truly have it made are the... — read more
Don't forget to take that required training. So effective /s
Wells Fargo advisors fined $7 million by U.S. SEC for anti-money laundering lapses http://reut.rs/3MBgjj1
RTO vs fake interviews
RTO is still infinitely worse than fake interviews, which have been going on for decades, but it's not about keeping minorities away from jobs. It's about hiring managers hiring who they want to hire. RTO is the real problem for employees. Don't let... — read more
NYT: Fake Job Interviews
without the paywall: At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews https://archive.ph/os9J1 No surprise here. all the banks do it.
“Fake interviews” is now in the news. Way to go Wells Fargo!
I’ve said this before on this forum and NOW it’s out that WF does do fake interviews just to tick off the diversity box. I’ve been experiencing this ALL year!! With the “lack of” questions, the very short & strange interviews, the lack of follow... — read more
Frequency of layoffs
Correct me if I'm wrong, but I think we've had layoffs every week for the past several months. It's not always something major but it always happens. Is this the way things are being done now? We used to have one or two major rounds per year but we... — read more
At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews
https://news.yahoo.com/wells-fargo-quest-increase-diversity-184111525.html?guccounter=1 Joe Bruno, a former executive in the wealth management division of Wells Fargo, had long been troubled by the way his unit handled certain job interviews. For... — read more
B of a pay increases
For employees under 100k, 3-7% increase in June. I just applied to three roles.. seems very promising for a salary increase.
Dotted line reporting
Tell me all about it. It sounds sketchy in a way, never been in this position before. Anything to be aware of?
This needs to happen to Chuck
https://www.facebook.com/reel/1148105509315862?fs=e&s=cl