Would you leave your current company to join WF if it meant a solid pay raise? What’s the culture like at WF? Is there anything positive going on there? I know it’s hard with uncertainty and layoffs but genuinely curious before I make what could be one of the best or worst decisions of my career.
I’m seeing they moved quarterly 401k match to annual (scumbag move). Not sure if I want to leave stable company for what seems like big risk WF but the pay increase would be great too.
20 replies (most recent on top)
Post ID: @lqb+18ReHiIv
No matter how toxic the overall environment and displacements become, there are often areas which are kind of like an oasis of peace in a desert. Sounds as if you’ve found one. It may go away... my recommendation is to engage in a measured but steady job search. Identify what you like, what.more you might want and pursue the next opportunity. You have a great advantage in that you are not under the gun to escape a toxic situation.
I worked at wfc for 40 years and loved the place. But now I would never recommend anyone work at wfc.
Echoing others it would depend... absolutely would not take current job but I think there better roles for me out there somewhere.
There's a pretty consistent theme on this board about toxic environment. That I don't see that in my slice of WIMT, I don't doubt just sayin. WIMT is generally agreeable management that are just generally not technically oriented and that's direction from on high. Seems like vast majority of thinking is toward regulatory issues so we engage in a lot of non-technical admin initiatives, filling out spreadsheets and online forms. No time/effort/money directed toward actual updating or replacing apps. Seems like we spend weeks upgrading servers every year.
I definitely would NOT recommend Wells Fargo as a place to put my energy in to, to build a career with, and I don’t think it’s necessarily a positive asset on your resume.
Sometimes there are more important things in life than the bigger paycheck: like your health and your happiness and how you spend your time and your values. Wells is still in trouble with the regulators, and yes they say they are cleaning it up. We’ve got different names at the top, but that doesn’t prove anything. We might be making headway, but we have not yet proven ourselves in the eyes of those who count. It could all be a sham as far as anyone knows.
There are too many other companies out there without the checkered past. Why pick the one that does?
It’s like being married to a partner who eventually turns abusive. You didn’t how he was going to change when you married him, but It’s much more difficult to get out of the relationship once you’re already entrenched.
But why would anyone make the conscious decision to get involved with someone new who already has the bad reputation? It’s just asking for trouble.
And to add to the last poster, 742k people filed for unemployment last week . I would not come here, I know they seem to follow last hired last fired policies, I have seen it done in front of me to new people.
I wouldnt leave a stable job right now, for a place that has to do massive layoffs.
Personally, I would not recommend that anyone I know join any company that has announced they are cutting 25% of their workforce. Unless I was concerned I couldn’t get something else, due to the pandemic and unemployment etc. If that was the case, then accepting a job here or anywhere would certainly be understandable. Bird in the hand, as the say.
Regarding Wells Fargo in particular? Maybe after the dust settles. Or maybe in a high- producing Wells Fargo Advisor’s branch if you have a good branch manager who can create a nice bubble away from all the bank’s shenanigans.
Someone says the benefits here are “amazing”. Depends where you come from, I suppose. I would characterize them as “fair” and “comparable.”
I have friends/family in unions who pay nothing for higher quality healthcare, dental care, vision etc. No high deductibles. No financial aftershocks after surgeries, childbirth etc. Equivalent, if not better vacation time. Ability to carry over more than 5 days from year to year. Excellent pay and excellent overtime. Overtime often as much as 2.5 times pay. They also have incredible pensions, 401Ks, company stock that is doing well.
My point is that it is all relative. I’m thankful for the benefits I have here, but they are middle-of-the road relative to other large organizations looking to attract and maintain talent.
Hey OP here -
TL;DR: a sincere thank you to you all for the feedback it’s reassuring that despite volatility some are having positive experiences.
A sincere thank you to all the replies as they are helpful and informative. I wasn’t sure how the feedback would be given the website is about layoffs but it’s nice to hear the good, the bad and the ugly. For those confused why I would leave where I’m at it’s because the position would be great for my career and pay as well. The layoffs and uncertainty are riskier but the return is in line w the risk. Where I am at is stable now but lots of reorgs, changes in management etc. so who knows what the future holds where I’m at. Working in Corp America layoffs will (sadly) likely happen multiple times in ones career so hate to let that solely hold me back from what could be a career altering decision in a positive way. The positive commentary is reassuring that despite layoffs which can disparately impact culture there are still people with good experiences. Thanks everyone & if anyone else has insight to offer please do.
I agree with the ones who say it depends on what area you land in.
I have worked at what was supposed to be great companies but the area or department I was in was horrible and chock full of horrible management.
I guess you have to be lucky. Some hate it here, some love it here and some are just neutral. I'm neutral because I left a horrific, toxic job to join here.
Like anything else - look at what cards you're holding and play your best hand. Only you can make that choice.
If you know a company is laying off people, why in your right mind would you go there?
It depends entirely on the group you'd be joining and the type of work, so there's not enough information in the OP to comment. I love my job at WFC, but some others hate theirs.
To the people posting 'not if it was the last job on Earth!', clearly you've never worked a truly horrible job.
Wells Fargo offers amazing benefits, great pay and good bonuses. A lot of people take those for granted and then leave and realize the grass was not greener like they thought.
So yes it is worth it
@zkd+18ReHiIv, same thing happen to me
I would only work here if it was the only job open on all of earth, even then I probably wouldnt, I would learn to live off the land first. Only work here if you want to be miserable.
If you can get an offer from WF you can get an offer from a firm that is not selling off divisions and laying off thousands.
For goodness sake, if you have a job where you are not miserable hold out for a growing company with a good reputation. Not a disintegrating one.
Unless you're desperate, RUN! Toxic culture and widespread layoffs. Morale is awful.
depends on the group you're going into, the position you're taking.. contrary to some's belief, there's a lot of great people here, doing good work and making in some cases well above average (market) pay. I left several years ago and came back. Haven't regretted it, even with all the challenges because I got a lot of opportunity because of those challenges I never would have had prior. so yes, I would.
I was a 10+ year employee and moved to a new group in January 2020 and was displaced in less than a year.
Hey thank you for your reply! Do you mind me asking why you left in six months?
I made a similar mistake jumping from a good company to Wells Fargo thinking it was a good opportunity. I left in six months. Take that for what it's worth.