Just got an alert and kinda freaking out...for those that got them, were they sent overnight or regular ground? Signature required?

Shouldn't he just change his last name to Smirk? Charlie Smirk.

Sharon Lubert promoted to Chief Tech Officer

I am a business analyst and I left last week. I have about 7 years of work experience and it took me about 5 months to find a comparable job with a large bank. It was not easy but it did work out. Anyone else looking out there? If yes, what are your... — read more 

Q & A Thread for all things "Spans and Layers" related

A Q for all managers and up: How many direct reports do you need to have to feel safe? I have only 4

Why am I directing so much of my ire at Charlie Scharf? One could argue that he is just the innocent man they brought in to clean up the mess made by our prior self-serving management, right? I should be more angry at Stumpf, Tolstedt, their... — read more 

That's not how it's done. You're told first and then the package arrives afterwards. I can see many of you have never been displaced before.

That after everything Wells Fargo has been through they still have gall to blame entry level employees for the cross sale and “8 is great” culture Stumpf and Tolsted bred. Bankers did what they were told which was cross sell. Just because the... — read more 

After that, layoffs become part of regularly scheduled broadcasting.

https://www.google.com/amp/s/www.gobankingrates.com/money/business/ceos-taking-pay-cuts-companies-survive-coronavirus/amp/ More details in the article, but here are a few examples of CEOs stepping up and sacrificing their own base salaries this... — read more 

Managers are being told that employees should plan to use all PTO and not count on being able to carry over 40 hours into 2021. Is this just a shady way to reduce PTO payout totals for those being displaced? Nothing in writing, and I seriously doubt... — read more 

There is a huge push on capturing complaints from customers. If the customer even mentions that they don’t remember an account or remember if they were told about fees employees should log this an unethical complaint. After attending the calls from... — read more 

Charlie pretty much said that multiple times during the Interview a few days ago with WF Latino Host when she pressed him a few times on what the Company is going to do to promote Latinos.

N. Scheduled her next All Hands Call on 9/28/20 so she can give a speech about how all of the managers needed to go to make the department more efficient and to save the company. Then, she is going to talk about how things will go more smoothly... — read more 

Just received an email asking for shipping details for a new card. With no clear guidance or direction from the top, I am left to spin my wheels and speculate to no end on whether this means my time has come. I wish we had clear official guidance on... — read more 

Charlie thinks departments sending flowers to funerals of employees or their families are a waste of money. $10 billion has to come from somewhere!

Looking smug as ever.

I’m hitching on to an interesting reply under the “Efficiency and corp properties” post that talks about Wells Fargo spending so much money on “Workplace 2020” in order to appear hip and trendy to attract and retain young talent. (“Wells Fargo“ and... — read more 

So now we must be rated for year end by October 14! We got our goals in March, mode year rating July and now year end is due in a month! Don’t worry though the rating can be changed!

https://www.bizjournals.com/sanfrancisco/news/2020/09/15/bank-investor-urges-removal-wells-fargo-asset-cap.html

I have followed this board for a while and have come to realize that I am just wasting my time reading these posts but oh my, it is quite amusing and helps me cope with everything that is going on. OPs are either trolls or paranoid folks. The truth... — read more 

Effective immediately 0 day work and 30 days off job before severance kicks in. This means you get 30 days less pay before salary continuation begins previously it was 30 days working and 30 days off. This is no more. There are exceptions but should... — read more 

My Lord why can’t he just shut his trap. He runs his mouth more now then before his “retirement”. Shut your mouth id–t.

@OP+16XRtXSn or thelayoff.com/t/16XRtXSn

https://www.google.com/amp/s/www.axios.com/jpmorgan-employees-home-coronavirus-3ef31907-83d6-4e93-a793-174064b80b65.html

We talk about efficiency. Do we really need the quantity of highly paid leaders and 1000+ employees in that group to manage our properties? We lease most out so why do we need so many people there?

As a non-manager, who picks who gets laid off from a team? Is HR telling managers which names they pulled or are managers told they have to cut 3 people and they choose who on the team gets cut?

I myself find it totally unprofessional and rather seedy how Wells Fargo is going about the layoff business. Going on the media touting about all the headcount cuts for months while team members are nervous, wondering about their livelihood and... — read more 

That led me to research other similar articles. I will be paraphrasing here, but the bottom line is: Wells Fargo is on the exact opposite of the spectrum of what is recommended: Communicate with your employees openly and honestly. Be... — read more 

Good, bad, ugly.

https://www.charlotteobserver.com/news/business/banking/article245718985.html Wells Fargo’s plan to cut billions of dollars in expenses will mostly consist of layoffs and potentially take as long as four years, Chief Financial Officer John... — read more 

The Wealth Investment division has been the least profitable division in the bank. Do you think they are going to sell the entire division, or sell parts of it off? If so, which parts do you think will get sold off?

Feels like the shoe is about to drop... what do you think we should expect in terms of layoffs this week? Timing? Communication? Number of employees impacted? I hope employees will post on this site this week about when and what group was impacted... — read more 

I'm at WFA and manage a portfolio of clients and make really good money. I've been offered jobs at competing forms and turned them down out of a sense of loyalty (and fear of losing high income). It's difficult for WFA to let go of employees like... — read more 

Seriously? What's up with the biased administrators of this site? Listening to others about the culture that led to abuses that led to layoffs is relevant.

I’ve noticed in my group (Corporate Risk) an increased number of colleagues going on medical leaves for reasons like “stress” or “mental health”. A recent post on this forum commented on the abuses and the habit of some that are using this as a... — read more