Wells has stated execution of living will in the event of black swan event. black swan declared. Check Divide company into regions. Check sell non viable businesses. In flight prepare for regional sales that map community bank footprint... — read more 

The new Head of Wealth Is running around talking about the urgent need to “up market” Wells Fargo brokerage clients to the Private Bank to generate more fees for the company. Small clients can fend for themselves via the digital platform, yet “we... — read more 

https://www.charlotteobserver.com/news/business/banking/article246012155.html

Stumbled upon this and every word spoke to me regarding our current situation. I know it’s not easy to do, but please raise your hand when you see processes and decisions that are designed to benefit the bank and unethically disadvantage the... — read more 

Are they selling the Wells Fargo proprietary mutual funds? What is Barry going to announce?

Years of fraud and ripping off customers (before 2016) = Years of record profits. Years of less fraud (2017 - 2019) = Years of can’t figure out how to make a dime honestly. Years of can’t make a dime honestly = Bring in even higher paid execs +... — read more 

Seeing a number of thoughtful and diverse comments on many topics, so thought I would ask you all if you believe there are ties to layoffs to this odd “strategy” of doing year-end performance reviews, essentially for only 3 quarters?

Yep, you heard it here first. That is my honest opinion and I do not have any inside information. But it just makes sense. Charlie sits on the board of Microsoft. When Wells Fargo approached him, I believe at that point they knew that there is no way... — read more 

This is due to fake trades and market manipulation of precious metals and Chainsaw keeps poaching these people. Wtf? I hope they kept their noses clean and had nothing to do with it but these aren't great optics. I can’t stand an old boys club.

That is the Oct date I keep hearing about in this site the most. How is anyone getting that date? What groups do we know will be impacted that day?

Today there was one new Director level post in the CCO organization with 15 open seats. That's right, one requisition number with15 Director level slots being filled. Sounds very fishy! Does anyone know what is happening? Are those real vacancies or... — read more 

Nick Picinnini call happening right now.. any thoughts?

I’m hearing rumblings in Risk that several functions are going to be consolidated and centralized and it will happen before the end of the year. Does anyone have any details on what groups will be impacted?

For those that are waiting, the pattern has been occurring as follows: Tuesday is notification day, you get a phone call letting you know you are impacted. They will confirm your home address and tell you expectations during the 60 day notice... — read more 

Does anyone on here work in ECT & just on the all hands call? Thoughts on the leader & their competency?

Given that most of us are remote now, will WF at least send tactical teams to everyone's homes? One is dressed as HR, another as building security, etc. They show up unannounced and walk you out of your house and around the block. They'll supply... — read more 

There's not one posting on this board from anyone in Auto saying they or someone else got laid off. I guess Auto must be immune. The company must have BIG plans for Auto. Who knows, maybe they'll add even more positions than have already been... — read more 

Layoffs are a sign you’ve become uncompetitive in the market, like a BlackBerry. Contrary to popular belief, there’s not much evidence that layoffs are a cure for weak profits, or, to use the current euphemism, that they reposition a firm for... — read more 

If laid off from Wells Fargo there is really no reason to retain the banking relationship with that company anymore. What banks or credit unions offer good banking terms to switch over to?

WF went on a publicity tour about massive layoffs to: 1) Make shareholders (existing and prospects) hopeful about cost-cutting measures to help bolster the stock price. 2) Make employees scared, so they will quit in droves. WF is DESPERATE for... — read more 

Is WFA somewhat insulated from the layoffs since it is a broker/dealer and not really in the commercial banking industry where much of the scandal originated?

are we collecting any prorated bonus if we get laid off, say by Oct? My bonus is a significant part of the TC.

For months, this board has been full of people with supposed inside knowledge of layoffs but they never happen en masse. A few here, a few there, but that's normal life at a huge company at any given time. The latest theory seems to be that execs... — read more 

Expecting an offer this week. Does Wells typically give you the boot or make you work your final 2 weeks? Would rather be anywhere else but here, but who knows what the future holds?

leadership b–ches that we are 10 bill in the hole... you have 3 physical branches within 5 miles radius... so what do you do??? oh you build a new branch within that 5 mile radius.... so now you have 4 physical branches in less than a mile of... — read more 

In years past, I would have logged on over the weekend to complete it. In these times, I’m saying screw it. I’ll make something up and reschedule the meeting Monday. That’s what it’s like working for the wheel less stagecoach these days

My branch is permanently closing in November. We had a staff of 8. Only one of us was placed at a new location. The rest of us are floating around while also doing closing at our branch. Upper management is keeping us in the blind what the future... — read more 

All of us should ask ourselves if we possess character and competence. Be self aware, introspective... Do leaders at Wells Fargo and other financial institutions do this? Why are these so lacking in leadership these days?

For example, in my area there are 525 total employees of which there are 94 managers and 17 directors. If a manager needs 8 direct reports, you can see by the numbers that a lot of managers are going to be let go. Also, if you are a manager 8 layers... — read more 

I'm In the estate care center where we deal with deceased accounts. Recently our manager had a floor meeting to tell everyone he can't promise anyone their jobs, not even his own. Shortly after, we're told as part of our early end of year review... — read more 

Anyone knows the count of h1b works in Wells Fargo?

I have worked in financial services for many years at many places. Been here less than 2 years. This place favors yes people and retaliates against anyone who challenges the status quo or speaks up for unethical practices, etc. it seems like a... — read more 

Who does CS and our DOB really working for? I am starting to think that his main mission is to destroy WF and not save it. I am not exactly sure who he and DOB is working for but it doesn’t seem like it’s in the Interest of WF. Is he taking his... — read more 

For his racist statement. They paid him way too much money so I'm sure it'll just blow off.

I realize a lot of people in retail (and other LOBs) are anxious about the upcoming layoffs, but what would you do differently today if you knew the actual date? It’s been made clear that staffing will be dramatically reduced, roles will be... — read more