Wells Fargo & Co. Layoffs

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Topics regarding layoffs at Wells Fargo & Co.

The little people lose for upper managements mistakes

Process to determine who to layoff is based on how much money a person is making. The higher your salary, the more at risk you are. So guess who those folks end up being? Your long time employees and older employees. It really ends up as disparate... read more
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990 views | 3 replies (last )

Irritated

I’m tired of people talking about they were laid off but not stating what department you are in! How is that information helpful?
by | Post ID:
1122 views | 5 replies (last )

Email announcing layoffs

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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1155 views | 5 replies (last )

No shot given to laid off workers for open positions

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
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1181 views | 4 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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998 views | 7 replies (last )

Loan operations layoffs

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
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908 views | 2 replies (last )

Don't count on getting rehired by Wells Fargo

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
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823 views | 3 replies (last )

Massive September layoffs at Wells Fargo

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
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2555 views | 8 replies (last )

Fort Mill Cuts

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.
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621 views | 2 replies (last )

Wells Fargo is a prison, not a bank

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
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839 views | 2 replies (last )

Transparency at Wells Fargo is a lie

We keep hearing how transparent senior management is yet we have to hear about downloadbesttorrentblog.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
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802 views | 1 reply ()

What other numbers were under-reported?

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
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612 views | 1 reply ()

Wells Fargo Contractors

Is WF letting go of contractors to reduce costs there are thousands of contractors inside the bank, especially in IT so just curious.
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1003 views | 8 replies (last )

Reality vs fiction

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
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808 views | 1 reply ()

wells fargo has new board members

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.
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1035 views | 12 replies (last )

Mortgage and Net Loyalty

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
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961 views | 9 replies (last )

Wells Fargo laying off 72 in Vancouver

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
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752 views | 5 replies (last )

Layoffs 8/2017

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!!!
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1049 views | 7 replies (last )

40 cut in mortgage division

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
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860 views | 1 reply ()

Isn't it funny??

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.
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649 views | 2 replies (last )

WFA ST .Louis

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.
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624 views | 1 reply ()

Culture and environment at Wells Fargo needs to change

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
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811 views | 2 replies (last )

PART TIME need not apply.

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
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810 views | 4 replies (last )

Listen

No bank is too big to fail and no CEO too powerful to jail.
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803 views | 8 replies (last )

Wells Fargo Upper Level Managment Takes a major hit

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
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1050 views | 5 replies (last )

WF Insurance Services and Auto Loan Fraud

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
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851 views | 5 replies (last )

Yearly Performance Reviews Outcome

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
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960 views | 5 replies (last )

CDS layoffs announced

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
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843 views | 4 replies (last )

Is IT going offshore?

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
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880 views | 6 replies (last )

Will there be anybody left at Wells Fargo?

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
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925 views | 3 replies (last )

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