Thread regarding Wells Fargo & Co. layoffs

Bloomberg: Wells Fargo To Freeze Raises For High Earners ($150k+)

Does this include Chainsaw Charlie?

https://www.bloomberg.com/news/articles/2020-11-05/wells-fargo-to-freeze-raises-for-high-earners-as-it-limits-costs

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| 2870 views | | 14 replies (last December 4, 2020) | Reply
Post ID: @OP+18e7AgfK

14 replies (most recent on top)

I didn't hear (or pay attention to) bonus info about high earners specifically. I did hear that bonus eligible employees will get 40% max of possible bonuses and that raises are pretty much out this year. According to the most recent town hall meeting they are trying to be very transparent so if you have any questions call HR or ask your manager. I think the goal is to use this cut as incentive to turn the company around and the following years could be better.

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Post ID: @1sxk+18e7AgfK

@xjo+18e7AgfK, what kind of work do you do?

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Post ID: @1qiy+18e7AgfK

“ wasnt getting a bonus anyways. Glad to see my toxic boss wont either :-)”

Raise != Bonus

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Post ID: @khi+18e7AgfK

Hey guys, there are tons of jobs out there! I just got multiple offers another 30-40k higher than here and 100% remote too! But beyond just compensation they all offer growth opportunities and great benefits too! Ill have to make my decision soon!

This place pays super low, not sure maybe its because they are in a lower cost of living in NC.

I wouldnt count on bonuses or pay raises to be great this year, but I have no inside info on this either.

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Post ID: @xjo+18e7AgfK

wasnt getting a bonus anyways. Glad to see my toxic boss wont either :-)

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Post ID: @yax+18e7AgfK

You must work in risk and compliance. Those guys catch everything a month late. If at all

3 hours ago by Anonymous | 11 reactions (+10/-1)
Post ID: @bzi+18e7AgfK

This genuinely made me laugh.

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Post ID: @ohr+18e7AgfK

Post from TheLayoff.com

This genuinely made me laugh.

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Post ID: @ask+18e7AgfK

https://www.thelayoff.com/t/17M5JRkW

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Post ID: @ihs+18e7AgfK

Doesn't apply to the Chuckie doll.

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Post ID: @rrr+18e7AgfK

It was posted here a month ago

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Post ID: @icl+18e7AgfK

You must work in risk and compliance. Those guys catch everything a month late. If at all

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Post ID: @bzi+18e7AgfK

You're not paying attention if you didn't already hear about this.

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Post ID: @mzl+18e7AgfK

Did anyone else hear about this? I sure didn't. I appreciate someone taking the time to post something of value that could affect the future finance of my employer for which my manager nor leadership has bothered to mention then nasty comments or irrelevant information from people who have no skin in the game

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Post ID: @lmb+18e7AgfK

A month old press article -thanks for sharing /s

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Post ID: @mta+18e7AgfK

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