Wells Fargo to fire 4 board of directors and put on a straight jacket by the Federal Reserve to prevent them from growing further, until they can demonstrate governance controls are in place. credit:... read more
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Topics regarding layoffs at Wells Fargo & Co.
credit: / By Patrick Dorrian Wells Fargo is unlawfully hindering the U.S. government’s investigation of suspected widespread s-xual harassment of female employees, the EEOC said in a federal court... read more
Any downsizing in India offices ? will there be a layoff here too
Collections centralizing in 6-12 months. All 52 RBC's. Option to relocate to one of the centers. Long time WFDS employees out. They don't care.
When I worked at Wells Fargo inside the Community Banking division all my coworkers were not only NOT doing work, but also involved in s-xual harassment and stealing and embezzling from the company using the company credit card. The HR manager who... read more
credit: / Wells Fargo said Wednesday its chief risk officer is retiring from the San Francisco-based company, the latest in a string of executive departures since a major... read more
It used to be if you were the teller and were over 100 bc you Shorted someone but the next day they came back and when you balanced you could link the two for no outage. It affected your percentage but now tellers will be out a full 200 beginning Feb... read more
I am an employee of WFDS. It was announced today that the WFDS footprint in California will end by 2018. The Rancho Office, Alton and Pasteur offices and its employees are effected. The jobs will be transitioned to their Texas or North Carolina hub... read more
Three executives Tracy Kidd (HR), Deanna Lindquist (Legal), and John Sootodeh (Community Banking) all fired or pushed out recently because of account scandal. Good. credit: / read more
Just announced in Tempe wells Fargo yet again let all our employees at the Tempe operations Centers know that 300 people WILL be affected as early as 6 months from today... Hundreds more in Shoreview Mn operations and possibly hundreds more in... read more
So, it looks like Wells Fargo joins the group of companies that give with one hand while taking with the other. The raise will be nice for everybody, but how many thousands of those who receive them will not have a job anymore between now and 2020?... read more
Any of you smoes still working at da Gambimo family biz, aka Wells Fargo better get your resume polished up. A bunch of you crooks er “team members” need to be in the big House serving time for ripping off your clients... read more
Find Lawyer =“cease and desist” letter to the former employer. This letter prohibits the former employer from releasing any information other than your job title and dates of employment. If you have been tagged and having problems finding interviews... read more
I've been told by several senior managers that Wells Fargo is preparing its biggest employee layoff to be announced in July. Groups like Marketing, HR, Finance, etc that previously went through layoffs will again be hit with further reductions. This... read more
Watching the closing bell today and our CFO got on and said minimum wage up to 15 and those currently making 15 will see a significant increase along with full time employees receiving 3k in stocks. He also stated there will be branch closures. We... read more
Downsizing HR department effects the team members directly. New system wait times to talk to HR Representative 30 plus minutes. Yet we are told on a daily basis that we are the most valuable asset to the Bank. Senior Management quit blowing smoke and... read more
If you got a bonus this quarter for Customer Service scores and it was smaller than previous ones it's because they used our bonus money to pay fines. This company is falling apart more and more each day. Why are we paying the bill and not the guys... read more
Has anyone called the new ethicsline to report any abuses? I'm asking because I have suspected WF management monitors this stuff and nothing is really anonymous. If you called, did you remain anonymous or were you fired for some bogus reason? I've... read more
It seems Wells Fargo has no issues with laying people off this close to Christmas. In the past few week 60 people have been laid off from mortgage division. Not sure what this means for other departments and if more layoffs will follow, but I... read more
Wells Fargo Head of Consumer Lending fired after the person he fired for mortgage fraud turns around and tattle tales on him for saying that misconduct in the bank, is not a concern, and that the regulators were picky for doing their job and calling... read more
be prepared! They will not say anything officially or admit to Laying people off until the very last minute. They are very sneaky how they do it. They kind of blind side you by never officially admit before hand there will be layoffs. All they say is... read more
Most companies will accelerate lay offs before Thanksgiving and Christmas so I'm expecting some Wells Fargo team members especially on the corporate side will have bitter holidays. If the OCC, FDIC, and Congress are allowing WF to continue with a... read more
I just heard from my HR friend that WF is preparing to cut many project managers as a way to save money. She said the cuts will be announced later this year and be implemented in early 2018. The enterprise is still finalizing the amount of money they... read more
Are there any areas of Wells Fargo that aren't corrupt? The WSJ reported that (/ four Forex traders were fired and a "senior executive" was... read more
Anyone heard anything about consolidating teams in WFEF now that the lift and shift is complete?
/ By Deon Roberts October 23, 2017 3:07 PM An advocacy group for bank branch employees says there are still problems at Wells Fargo more than a... read more
Good read. Wells Fargo’s workforce in the Philippines has grown from a modest 100 employees to a staggering 4,000 within the past six years. The bank’s future plans include further expanding its Filipino operations, including a new location which... read more
Last week I was summoned into a meeting for HR team members. Long story short, Wells Fargo is letting go about 40% of us. From what we were told in, Wells Fargo is discontinuing phone support for team members and managers. All support for the bank... read more
/ Now hiring — Wells Fargo seeks overseas call center workers as it slashes US jobs Wells Fargo has been quietly bulking up its call-center operations in the Philippines... read more
No post here but it was fairly big, hmmm. Silence.
Look the bank is downsizing all over the place. Given the bad PR, the bank willl NEVER say anything about layoffs and everyone let go will be under gag orders to not divulge anything without risking their severance. Over the next 18 months, about 10%... read more
The security planning functions for IT is consolidating this means all the IT Security staff are being transferred to the Corporate Information Security department that is under Mike Loughlin who runs Corporate Risk. The amazing thing is WF has been... 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.
Wells Fargo 2017 third quarter revenues and profits plunge: / Wells Fargo (Swiss: WFC-USD.SW - news) reported a sharp decline in third-quarter earnings Friday due to $1 billion... read more
Market keeps going up and down, there is a ton of uncertainty and people are talking about layoffs in San Francisco.
This is a sign of collapse, demanding employees to take time off without pay. Years ago, I was in a company that did just that. In other words, the company was struggling to pay its workers, cashflow was not good. Eventually, the place shut down... read more