Wells Fargo & Co. Layoffs

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Topics regarding layoffs at Wells Fargo & Co.

WF forced into Straight Jacket

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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952 views | 17 replies (last )

Dealer services

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.
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1684 views | 3 replies (last )

Unbelievable

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
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1101 views | 7 replies (last )

Tellers get ready. Firing will happen

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
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403 views | 1 reply ()

Wells Fargo Fires More Executives

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
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606 views | 2 replies (last )

You in da’Gambino family now!

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
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990 views | 11 replies (last )

Ineligible to be rehired a form of Black listing

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
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542 views | 3 replies (last )

Wells Fargo layoffs coming in July

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
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5938 views | 21 replies (last )

More branch closures but raises and sales

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
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447 views | 1 reply ()

Small bonus

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
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833 views | 6 replies (last )

Ethicsline

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
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1089 views | 9 replies (last )

Mortgage division cuts 60

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
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1201 views | 8 replies (last )

Execs Turning on One Another

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
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1341 views | 5 replies (last )

Beware of "exciting changes" at Wells Fargo

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
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1529 views | 2 replies (last )

End of year layoffs

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
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1444 views | 8 replies (last )

Wells Fargo to cut many project managers

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
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1095 views | 4 replies (last )

Rotten to the core!

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
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769 views | 4 replies (last )

WFEF

Anyone heard anything about consolidating teams in WFEF now that the lift and shift is complete?
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955 views | 3 replies (last )

IT Security Teams Consolidating

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
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1175 views | 5 replies (last )

WORKING AT WELLS FARGO

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.
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1050 views | 7 replies (last )

profits drop

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
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639 views | 1 reply ()

Wells Fargo Layoffs 2018

Market keeps going up and down, there is a ton of uncertainty and people are talking about layoffs in San Francisco.
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1762 views | 2 replies (last )

Wells Fargo is collapsing

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
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1076 views | 3 replies (last )

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