Wells Fargo & Co. (NYSE: WFC) is rolling out big job cuts — cuts that will span business lines and geographic areas. Recently, Wells Fargo shaved more than 700 jobs in commercial banking, according to a Bloomberg report, citing... — read more 

Just read the WSJ article and actually learned something from our leader. It’s brilliant, really. When people ask me what I have accomplished in the past year, I will ask my spokesman to say “He has been laying the groundwork for the company... — read more 

I expect a smallish cut on 10/13 to demonstrate ‘activity’ in reducing expenses. And the bloodbath will happen before the holidays, and after reviews are locked, so Nov 10.

https://www.wsj.com/articles/wells-fargo-ceo-finds-himself-on-defense-after-a-tough-first-year-11602149402 if paywalled - use this link: https://archive.is/KFXn8

I am currently on High Risk leave from my location and recieved a call from someone from HR who said they were part of a task force and then all but said they are trying to get those using that time key "back to work." They mentioned two options... — read more 

This is not just about WF but it seems to me furloughs (forced unpaid time off with benefits retained) are not used much for white collar jobs. Wouldn’t be ideal for all, but could be implemented very quickly. Usually furloughs are full time and... — read more 

So, Wells was supposed to merge with GS 12 years ago. But we got Wachovia instead. I guess wrong decision! But maybe 12 years later we still have a shot at GS? “Merger Rumors: Morgan/Wachovia, Goldman/Wells? Someone was cranking up the rumor... — read more 

https://www.marketwatch.com/story/get-ready-for-a-good-earnings-season-for-big-us-banks-2020-10-08 Hope a 30 dollar share price softens the blow of layoffs.

Charlie was paid millions of dollars to turn this company around and he has done absolutely nothing! I have been the finance industry for 25 plus years working in multiple executive leader roles. My last 10 years has been with Wells and I have never... — read more 

There are several adamant supporters on this Lay-off board who repeatedly take the stand of “drain the swamp”, “Charlie is getting paid $36.5 million to take the heat for layoffs”, “Embrace what’s happening”, “Charlie needs to fix our efficiency... — read more 

I had heard that we used to do a 30 days working, 30 days paid but not working. Now I’m hearing that it’s just get notice and you’re done that day?

Not fired, not quit, but laid off? Most people are asking what they can do to avoid it. I'm asking the opposite. Someone's going to ask "why not just quit?" Because why should I? The current culture is not my fault. I'm better off collecting... — read more 

I work in 1st mortgage. We received an email this morning asking for detailed equipment inventory that we have at home. Maybe I’m paranoid but it seems like they may be locking down what everyone has for when they kick us all to the curb. Am I... — read more 

Looks like Deputy Chief Compliance Officer, NS, is out. Not sure if she is leaving for a new job or was cut because of spans and layers. Anyone know the true story behind the announcement?

I’ve been honest and worked hard for Bluestar Airlines most of my life. Raised my family and put my kid through college. Then along comes Gordon Gekko, a ruthless Wall Street player, who’s values conflict with my own. Gordon is a man who places “the... — read more 

Pretty suspicious - Glassdoor shows 76% of those surveyed approve of the CEO. A lot of 5.0 reviews on October 7. If so inclined, go add your experience.

The problem is they are taking the slow approach instead of the swift axe. It sounds harsh but hear me out. They’re doing paper cuts here and there without backfilling positions to create an anxious overworked environment that will cause people to... — read more 

There's only so many people they can cut before the company can't function properly anymore...

FYI— Caroline Hudson Charlotte Business Journal Oct 8, 2020, 4:03pm EDT Wells Fargo & Co. (NYSE: WFC) is rolling out big job cuts — cuts that will span business lines and geographic areas. Recently, Wells Fargo shaved more than 700 jobs... — read more 

Need some legal advice please. Is there a legal benefit or attribute to being called or defined as a “Team Member” versus an “Employee”? It seems the term “Team Member” is being purged and replaced as “Employee.” Is this legal maneuvering/... — read more 

If we don’t have Team Members?

Like seriously who would want to work for a failure bank, that is doing it’s best so far to push talented employees away, location strategies that are obsolete, and all the negative news that only the desperate would want to work for such a... — read more 

Can someone with a subscription please paste the full article? https://www.bizjournals.com/charlotte/news/2020/10/08/wells-fargo-job-cuts-commercial-banking-charlotte.html

I know this isn’t an ideal time to job hunt, but curious to hear from those that WFH, what they do and if they feel their position is at high risk? I know “no one is safe” but trying to explore options for the future. I’ve really enjoyed the work... — read more 

You'll need to open this thread to vote - use arrows "^" or "v" to vote... Do you prefer working from home? Up-vote this thread if you prefer working from home... Downvote if you prefer coming to the office. #Poll PS I took this from WFB's... — read more 

See Saul's latest garbage e-mail, here's to being lazy? Must be nice... I'm doing the job of 3 people because of the layoffs and his leaning out the firm, no back fills.... must be nice to be lazy Saul? Most of us wouldn't know!!!!!

You'll need to open this thread to vote - use arrows "^" or "v" to vote... Do you prefer working from home? Up-vote this thread if you prefer working from home... Downvote if you prefer coming to the office. #Poll

DOL Targets Wells Fargo's Efforts To Hire Black Leaders The U.S. Department of Labor's contractor watchdog opened a probe into whether Wells Fargo's plan to double its Black leadership conflicts with the bank's anti-discrimination obligations, just... — read more 

We usually hear about benefits and open enrollment by now.

All, do a job search for Wells Fargo jobs in India and the Philippines. You will see they are hiring VP level jobs in Compliance, Risk and Business Controls, some even requiring FINRA licenses. This is the REAL why the Chief Risk Officer, MN, is not... — read more 

https://www.wsj.com/articles/wells-fargo-ceo-finds-himself-on-defense-after-a-tough-first-year-11602149402

My WF job is k–ling me (stress), so I'm going to begin the long, arduous task of finding a replacement role elsewhere, likely contracting because that suits my current mentality better. That means agencies will likely want a managerial reference... — read more 

Does anyone know when the new incentive structure for bonuses is for coming out quarter 3?

N. Claims there is no hiring freeze in Risk and Compliance. Meanwhile, there are areas in compliance that are down over 10% to 15% or more in business compliance officers, and our managers have been banging on the table for backfills because we... — read more 

There is a need for reorganization and improving efficiencies at Wells Fargo, which will involve layoffs. However that is just one lone part of the transformation that needs to occur at this organization. My issue with our new CEO is that he is... — read more 

https://www.bloomberg.com/news/articles/2020-10-07/wells-fargo-eliminates-more-than-700-jobs-in-commercial-banking

And I’m jumping this ship. I got a job paying 50% more with a company that cares about people. I haven’t felt this happy in a long time. Don’t give up folks. There are good companies out there and Wells isn’t one of them. Let the incompetent old... — read more 

I heard that technology will be the only org allowed to have contractors going forward. Tech Contractors assigned to projects are being released now where budgets were reduced. We’re allegedly allowed to pick them back up as project budgets for... — read more 

Likes: Good pay, usually interesting work, been around a while. Decent people to work with for the most part. Dislikes: Too many layers, too many id–ts that keep messing things up, dysfunctional orgs, mixed bag of decent leaders and dipsh*ts, too... — read more