The Bank has disclosed to the OCC that certain foreign banks used its software to conduct transactions with sanctioned entities.
Team laid off on team call today
Including our manager… all jobs being sent to India.
Entire team in MN KO'ed
Single call
Be concerned if you are not being made to RTO
Just found out a team that was given a temporary exemption to continue to wfh were laid off. The entire team. Management probably decided it wasn't worth the fight when they knew the employees would be separated.
Wells Fargo CEO: ‘Hard to Avoid’ a Recession
And we as a large bank will feel it too... specially as we don't have a counter balance to the heavy consumer business. Buckle up Cupcakes! https://www.pymnts.com/economy/2022/wells-fargo-ceo-hard-to-avoid-a-recession/
Seeking alpha article - who has an account?
https://seekingalpha.com/amp/article/4512848-wells-fargo-firing-season
Diversity in name, not in actions
At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews Black and female candidates are sometimes interviewed after the recipient of a job is identified, current and former employees... — read more
Why didn't other banks have major mortgage layoffs?
I don’t know if there were layoffs of smaller volume, but definitely none of the other banks had any announced layoffs, nor did they have layoffs in the amount that WF had. Looks like higher interest rates are only affecting WF, but not other... — read more
Branch Layoffs?
Who is getting layd off this month????
IT&V Nothing to Do
Now that RCSA testing is stopped, our engagements were all stopped as well...nothing to do.
Got yelled at.. RTO
Rto ruined everything. Work dynamic is no longer the same. Never have I ever gotten in trouble for asking to leave a bit early for ONE day. No it's not an hour.. basically half an hour, more or less. I'm in the office 3x a week. I'm also salary and... — read more
Can’t afford RTO
Why am I having to pay $165 a month to simply PARK? What company doesn’t even pay for their employee’s parking??!!? Also I have to drive 50 miles round trip and gas just hit $4.40 a gallon and is still rising here. I’m getting stressed and don’t know... — read more
No show execs
I belong to a series of meetings that require a quorum of senior execs to appear to vote on actions and the last two times the organizer has had to cancel it because the appropriate amount of these people didn’t show up. It’s a serious inconvenience... — read more
Concord office outbreak
What do you expect? More to come, but yeah The investment in commercial real-estate and milking employees to project fake profits is worth more than the lives and health of the employees! What they offer free nose poking for 2 weeks. Yeah the more... — read more
Hawaii
So to all of you naysayers concerning not wanting to go into the office. If Wells offered your hub as somewhere in Hawaii, and offered to cover relocation, would you accept RTO on that permanent basis?
5/26/22 RIP Your Career
Been working hard to prepare packages for this day. Major reduction in force.
WF holding my belongings hostage?
I finally left this dumpster fire for a new gig (VERY happy about that). On my last day our department admin said 1) she put in a request to have my personal belongings at my desk pre-COVID shipped to me; 2) I would get a box to ship my laptop back... — read more
Offshore IT Support - Send stackoverflow links I've already worked through
Here's Offshore IT support methodology US Employee has technical issue and scours the Internet for help and related articles. US Employee works through these articles throwing mud at the wall hoping something sticks. Most mud coming from... — read more
JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
https://www.cnbc.com/2022/05/17/jpmorgan-investors-hand-dimon-rare-rebuke-object-to-53-million-bonus.html Rise up people!
Big Push to Offshore Again
So what's the plan here folks? Have 40% of the company in India and the rest of us BS'ing around with RTO until we leave and are replaced with more offshore folks? Are the executive that shortsighted and narrow minded!? How does slowly dismantling... — read more
After 33 yrs, Warren Buffett fully exits WF stock
https://example.com/dLn06g5ri8 End of an era. He beefed up investment in Citi, among others.
Why are people bothered by RTO posts?
I don't get it. That's obviously the biggest issue for most of us right now. It affects us in so many ways and this is the one place where we can share our annoyances, disappointments, and worries with people who're going through the same thing. Even... — read more
You want fries with that?
Anyone else getting merciless follow up emails daily, sometimes more than once a day, on things you are depending on others for a predecessor task completion? How many times will Sally and Biff send the same canned, color coded and bolded email... — read more
Apple pushes back RTO
https://www.nytimes.com/2022/05/17/technology/apple-delays-return-to-office.html Keep fighting the good fight people. Other companies are seeing the light. Maybe soon Wells will too!
Inside the Wells Fargo town hall that had a top exec telling staff 'I love each and every one of you' while explaining that home lending layoffs
https://www.businessinsider.com/wells-fargo-town-hall-explaining-mortgage-layoffs-kristy-williams-fercho-2022-5
can we stop with the rto posts?
Either show up 3 days a week or don't.amd let whatever is going to happen to you happen.
Key Employees
Are they generally showing up, or not, for their expected three days in the office. When Chuckie doles out his next round of layoffs, do those key employees who do not make it in as much as the others get bounced? If not, do those who avoided... — read more
Are people around you still pretending COVID is not happening?
The numbers are doubling every week. Are people around you still pretending COVID is not happening? RTO Happy :-)
What's the point of middle management?
Is there any reason why they can't be cut out entirely?
Zoom Town Hall
No one is in the office.
WIM
Look at the destruction Hays oversaw in WIM. Dismantled the entire Private Bank! Not easy to do. Is anyone happy in that division? What will the future look like?
Well Fargo cuts dozens of jobs in Des Moines metro amid mortgage slowdown, state filings show
Wells Fargo & Co. is laying off six dozen employees in the Des Moines metro, according to state filings. The banking giant, whose home mortgage division is based in Des Moines, confirmed in April that it was cutting positions around the country. The... — read more
layoffs will ensue
As we near stagflation. We will see a Carter era economy soon. Office workers will be working at Starbucks. You will know the ones let go from Wells, they will be the ones complaining the most. Yes, we have met them all here. Good luck to my fellow... — read more
A convo about mental health
From yours truly Mack and SVB. You too can hear about how they “navigate challenges of everyday life” Is this where I’ll get to hear about how they get to work a second job to put food on the table? No? Where they have to forgo vacations? I don’t... — read more
apple employees open letter on RTO
https://appletogether.org/hotnews/thoughts-on-office-bound-work
The CDC is requiring
It’s own employees to wear masks. My, this is not good. But the rest of us don’t have to wear them. Seems like they are willing to sacrifice many of us as collateral damage. What is happening? This country and these companies have gone mad. — read more
Who else is hoping for layoffs this week?
Being paid to leave while there is a hot job market would be pretty amazing, IMHO.
Some Sage Advice
I realize there are a LOT of miserable people at Wells Fargo and empathize with many about the culture, the lack of respect towards employees, the lack of commitment to employees, the threat of constant layoffs, the hypocrisy, the lack of consistency... — read more
Outbreak at 1 Wells Charlotte office
Multiple confirmed cases of Covid at 1 Wells Fargo. Management trying to keep it as quiet as possible. My scumbag manager tells anyone who refuses to RTO for fear of getting sick that they will be charged a PTO day. And they wonder why everyone is... — read more