#banking

Rumor from WCIB is that we will be expected in office 4 days a week. Guess they are trying voluntary layoffs again to get people to quit.

Why is this company fixated on the number 8? From 8 is great to 8 hours in their offices, what’s the link?

Two people I know got it. Have to go to office where their manager is located.

One of the key characteristics of exempt employees is flexible hours. Employees of this bank work more or fewer than 40 hours in a week, but they get their work done. Do we have a few bad apples? Every place does. Bring it DF, we right here!!!

Is 6 too short? How about 7 or 7.5?
Will this be included in performance review?

Anyone have thoughts on whats going on with BRG lately?

Is there any bank besides WF, that gets robbed every 3-4 weeks?

Are we going to be dinged if we aren't in office 15 days this month? Can anymore enlighten me on how the reporting is? 11 days or 3 days a week??

I saw they finally leaked the entire location is closing. They should give employees time to find new jobs, most won't be able to relocate. How they treat employees is wrong

For those who were let go as a result of forced ranking and made up poor performance, did you have any issues with getting state unemployment? I believe state would ask for reason for the job loss? What would BNY say? I understand misconduct could make one not eligible. How about this performance situation?

1. What bonus percentage (as a % of your base salary) do you expect for the end-of-year payout?

0-5%
6-10%
11-15%
16-20%
More than 20%
No bonus expected
Not applicable (e.g., not eligible for bonuses)

1. What pay increase percentage do you anticipate for the next performance review cycle (e.g., 2026 base salary adjustment)?

0-2%
3-5%
6-8%
9-10%
More than 10%

Those of you who remember the 2008 banking crisis should be paying attention to the regional Banks today. Looks like history is rhyming. Zions and Western Alliance have become stressed. Since financial markets never operate in a vacuum, let's see how the major banks do. The Fed should stand aside this time.

https://www.reuters.com/business/finance/bank-america-sued-over-alleged-financial-ties-jeffrey-epstein-2025-10-15/

https://www.nydailynews.com/2025/10/15/jeffrey-epstein-victims-sue-bank-of-america-saying-it-aided-s-x-trafficking-of-teenage-girls/?lctg=24E3B4CF745EB41EC419542515&utm_email=24E3B4CF745EB41EC419542515&g2i_eui=4wUFh7eeWxH8kNFdi2TbXF10sOzDrOI%2foz3Wn%2bBD8fE%3d&g2i_source=newsletter&active=no&utm_source=listrak&utm_medium=email&utm_term=https%3a%2f%2fwww.nydailynews.com%2f2025%2f10%2f15%2fjeffrey-epstein-victims-sue-bank-of-america-saying-it-aided-s-x-trafficking-of-teenage-girls%2f&utm_campaign=trib-new_york_daily_news-breaking_news-nl&utm_content=%23Listrak%5cDateTimeStampNumeric%23

What's next?

I could see layoffs impacting edge in the near future

If Wells Fargo offered a 10/14 or 10/28 layoff (which they wouldnt), but just curious which u would take. 10/14 wouldnt offer the 401k match and 10/28 would. No judgement here, just wanted to get a feel for which u would take if given the opp.

How does the Executive Director (ED) role at Wells Fargo compare to the Band 4/Director role at Bank of America? It seems really impressive to me. Is it typical Standard role where more people have similar titles?

I got a Job offer from Wells Fargo. How does the Executive Director (ED) role at Wells Fargo compare to the Band 4/Director role at Bank of America? It seems really impressive to me.

Wells Fargo is such a different company now under Schart. Managers don’t truly care about their teams. Last minute assignments. Nitpicking. Lack of employee engagement. Worthless middle managers that don’t do anything. Huge disconnect between India employees and U.S. Employee surveys but no changes just town halls that make it look like it for optics. It’s a $hit show. I don’t really know anybody that’s truly happy at Wells Fargo, just comfortable.

I got a notification to do the code of conduct training. From memory one of the things included in this training is about treating people with respect. Am wondering if Jane directs and MDs have to take this training.

Commonwealth Bank, Australia's largest bank and in fact the largest company, has successfully migrated their core banking system off the mainframe onto SAP S/4 Hana on an AWS cloud system. They expect to retire their mainframe in 18 months, and it's now only processing credit card transactions.
If Comm Bank can successfully retire their mainframe, then anyone can do it. The argument for keeping the mainframe has always been it's crucial for high transaction high security environments, but this proves that is not the case.
It's only a matter of time before other FSI companies, and governments, follow the same path.

Current issue: https://fortune.com/article/wells-fargo-was-reeling-from-scandal-jamie-dimon-protege-charlie-scharf-bet-his-career-on-saving-the-173-year-old-bank/

3 yrs ago my children passed away from a rare form of cancer. This last yr my marriage fell apart. I've never even told anyone even close this at work. I dont want to be another sad story sounding pathetic, but I would very much like to be laid off. I want to feel something again, not numb, not seeing sad faces, fake faces at work. I've been thinking if I get a package I can go live in Mexico or something for a while, the people there seem happy. Any advice is welcome.

Does anyone know what the different band levels mean? Can’t seem to find any info on it, HR directed me to my LOB. If you are band 6 and go to 5 is that a promotion, do your benefits change? I saw a band 7 posting making more than a band 6.

Stock price tanking. 700+ contractors let go with pretextual reason of "Sapience monitoring showed they were not being productive". There is no plan to back-fill the positions. Real reason they were let go was to simply cut costs! More cost cutting on the way! Watch out for stock insider trading. Execs will be selling stock soon!

List companies that still have assigned work areas for their employees to assist in job search

Does anyone know how the keystroke and activity monitoring reporting is going to work with PTO? If it’s taking an average does it not consider when you are on PTO (so not working that day/several days)?

She’s a terrible leader and widely disliked for her utter disdain for the workers. “Leading” the bank but in the wrong direction, the bank is a total mess across the board with her incompetence. Such fake and purchased recognition.

It has been 3 weeks since my employment ended at wells fargo. since then, I have not started to receive my severance pay. Is there usually a delay in the payments beginning, or is this the usual wells fargo way?

News flash! If your primary job is to review someone else’s work, it’s time to look for another job. AI can do your job thousand times better.

Here’s something most people don’t realize: banks settle 98–99% of wrongful termination lawsuits before they ever reach trial. That’s right, only 1–2% make it to court. Why? Because they know what’s at stake, it's cheaper for them to settle than actually go to trial.

So if you’ve been let go and you belong to a class protected by EEO laws; you owe it to yourself to talk to an employment attorney. Many offer free consultations, and that one meeting could completely change your outcome.

If Truist offers you severance, do not sign anything yet. Severance agreements are written to protect the company not you. Once you sign, you forfeit your right to sue.

Instead, speak with an attorney first. You can file a discrimination charge with the EEOC, get a “Right to Sue” letter, and bring your case to federal court. You and your attorney will file a lawsuit with the federal court in the federal district you reside in.

Here’s the part they don’t want you to know: settlement amounts are significantly higher than whatever severance you’re being offered, in the tens or even hundreds of thousands of dollars.

You only get one shot at this. Make it count. Stand up for your rights, and don’t walk away without what you’re truly owed!

How is nobody talking about this? Should I be applying elsewhere?? "Truist is undergoing internal restructuring. Sources indicate that between 500 and 700 contractors were cut last Friday in Digital and Technology divisions citing "policy concerns". Additional reductions are on the horizon, including cuts to employee benefits, further contractor downsizing, and full-time staff layoffs.'

Remember when Bank of America said they are increasing the minimung wage to $25 way back in 2021?

WF still hasn't caught up 4 years later...

I’ve seen around my city and district, Wells Fargo is adding in new or additional ATM’s at branches, new TCR’s which allow tellers to deposit or withdraw directly from the machine next to them without needing to buy money from the vault pushing forward efficiency. Yet we still have drive thrus??? Non-revenue building and a dying generation who refuses to move forward.

What’s the plan here WF?

Any news of any layoffs in HR?

With the streamlining of underwriting within Business Banking the past year, I would think this group would likely be at risk of layoffs in the somewhat near future.

Has anyone heard what this means for our jobs?