Email announcing layoffs in processing, underwriting, closing, product support and production management. No mention of specific locations. Realignments in Charlotte and Des Moines to home equity. Has anybody else seen or heard of this email? Is this... read more
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Topics regarding layoffs at Wells Fargo & Co.
The last time that happened John Stumpf the CEO lost his job as well as other senior executives so more attrition expected.
Marketing was informed in an all hands call last week that layoffs would commence in the next 2-3 weeks. No numbers were given. When asked if current employees would be hired first to fill new job postings, the presenter laughed and said no -... read more
WELLS FARGO IS A GREAT COMPANY TO WORK FOR---THEY CARE ABOUT THEIR EMPLOYEES--LOVE MY JOB AND I HAVE BEEN WITH THE COMPANY GOING ON 10 YEARS.
More layoffs coming but it's likely to be in little dribs and drabs as operations areas are consolidated and outsorced to India and the Philippines. I'd be concerned with loan operation areas being downsized next. Im in the loan center and we keep... read more
Anyone that thinks they will be first inline for job opportunities once they've been let go is dreaming. Yes your manager can mark your profile as retain but many don't. Even if you have a great manager, hiring managers give little to no... read more
Massive layoff announcements started this week (9/11/2017). First of 2-3 waves of layoffs. Official announcements and new org charts being released this week in two Town Halls and All-Hands Meetings. WF needs to cut $3.9M (nearly doubled from... read more
Fort Mill mortgage folks are being let go by WF - about 120 will be let go, this group is being dissolved and the business is outsourced to a third party company.
That is who they prefer the young, eager, nieve employees. They coach them how to commit bank fraud then bully them around to continue day after day. Experienced Bankers 25+years outside of Wells Fargo are told that they don't think they can do the... read more
We keep hearing how transparent senior management is yet we have to hear about fiolettsk.rus on the internet. Wish they would get to it already and hand all the pink slips. They will let all of the employees who have outside banking experience and keep... read more
Ok so they grossly under estimated the number of fake accounts. But I wonder if they also under estimated the number of people that were let go because of the pressure to sell. As I recall. Some 5,300 people were fired nut I'm guessing the real... read more
It's a permanent closure - 60 people will lose jobs. Good job FB
/ Wells Fargo & Co. potentially opened 3.5 million accounts in customers' names without those customers' knowledge or consent — far more than the 2.1 million that were... read more
Is WF letting go of contractors to reduce costs there are thousands of contractors inside the bank, especially in IT so just curious.
if ya really wanna see how badly wells fargo businesses are doin, dont read the quarterly updates from tim sloan. instead read the financial websites like cnbc. theyll show you the real picture, not the fairytale that wells fargo senior management... read more
You all are sore losers. Wells Fargo is the BEST company to work for. You all are just upset that you were not deemed important or valuable enough to help take Wells Fargo to higher levels. As our great CEO Tim Sloan said, we're building a better... read more
Let's see probably on the payroll! /
but we all know that nothing will change so long as those executives at the top who remained silent for all those years are still around.
2017 incentive plan was presented and then along came net loyalty. The math does not even make sense. Just another way to NOT pay Incentive to employees. Maybe some attorney ought to take a look at this practice!! Processors carrying piplines of less... read more
they both believe that lions don't concern themselves with the opinions of sheep think about that the next time your asked to take a team member connection survey
Vancouver call center is closing, and 72 employees are being shown the door. They will officially be gone sometime in October. From 500 to 80 to just a handfull in just a few years... read more
I was curious so I kept checking total employees on teamworks - 1,000 layoffs since 8/4/2017. If you lost your job, you're not alone!! Get support from friends and family and coworkers! Use Glassdoor to find a great new position! You can do it!!!
More layoffs, this time in mortgage division... Wells Fargo notified 40 employees in Des Moines area that their services will no longer be needed... read more
That instead of getting new board members they just seem to shuffle the old ones around. It's like they are afraid someone new will come in and see all of their nasty secrets.
Anyone know of layoffs in Home office St. Louis ? It seems we have contractors no filling of full time positions . Floors seem more empty. They want to know all our tasks, how long it takes etc... rumors of outsourcing have been flying about.
Getting rid of the CEO of Wells Fargo was just one of many necessary moves to not only save face but to also save an industry that has been abusing customers for some time. The Firing of many other high level regional presidents has just taken place... read more
Wells Fargo in Phoenix has inklings of hypocrisy in their hiring price,...even for PART TIME positions. Their statement regarding age, experience, veteran, etc. is hogwash. You can have 25+ years of customer service/sales experience, college... read more
No bank is too big to fail and no CEO too powerful to jail.
"Significant" amount of fake accounts identified that will push the number of original fake checking, savings, and credit card accounts to overwhelm the $3.3 billion dollar thresh hold of legal costs Wells Fargo has save for a rainy day. Expect more... read more
Late last week employees of Wells Fargo were informed of a dramatic re-alignment of regional presidents. Many long term employees were released after the company carefully thought out its response to scandals over the past couple years. Those... read more
It all makes sense now in light of the new fraud findings related to auto insurance policies created for customers who applied for auto loans. WF has sold off Insurance Services (WFIS) which is part of the Wholesale Division and responsible for... read more
Since WF created new performance reviews in which rather judging you on a scale of 5 (best) to 1 (worst) how many of you have gotten your bonuses? And for next year's performance reviews did the % of your bonus go up or down? Many had complained that... read more
In the last five years WF Consumer Lending (Car Dealer Services) has been opening up auto insurance policies as part of customers' auto loans without their knowledge or consent. Nearly 600,000 customers had these fake policies created and 20,000 had... read more
WF announced the closing of some 53 CDS offices with the plan to consolidate to two main hubs. The exact number of job losses hasn't been announced but expect some large cuts to staff as The CDS business is centralized
IT is clearly positioning themselves to be able to offshore a great deal of work over the long term. They are continually moving work efforts offshore presently on what seems like an experimental basis. Whether this will result in layoffs remains to... read more
Where I am in Marketing half the staff is actively looking, and the other half is hoping for a layoff. Confidence in management was never great, but now it's non-existent. Same here. We already had a few people leave, and there is a bunch looking... read more
Selling atudent loans in september buckle up
Its sad how the morale is so low everywhere at Wells Fargo. It is making work more difficult because people just don't care anymore and won't go that extra to be a true team player. Been here a long time myself and while I do care and I always do the... read more