Thread regarding Wells Fargo & Co. layoffs

Same. Got an exceeds but I’m at or above the midpoint for my salary range, so no raise. Expecting the same this time, but not the exceeds rating. They’ve rigged it to the point you can’t get that anymore.

You should be more concerned about being employed this is what got me axed last year and despite not seeing it coming it had been the best thing to ever happen to me - good luck 🍀

@fm just because you're a slacker doesn't mean everyone is

As my boss would say, be happy you have a job and shut the $!!$ up!

@bh youve never consistently worked 50-60 hr weeks and nobody here believes you have. Nobody goes to work at a bank to work anything other than the absolute bare minimum. If youre hanging out online all weekend thats because your life su-ks not because anyone at WF is telling you to.

Yes, have been told before that once I'm above the midpoint, no pay increase unless rated above "meets". I regularly was rated high until the "forced rankings" officially known as "guided distribution". Now, only a few can get higher ratings each cycle as at least 80% need to be in meets per leadership.

They literally look for every opportunity to withhold or clawback earnings.

Same for me. Meets and $0 raise. Ended up being a pay cut after cost of benefits went up. When colleagues were getting 10-15% raises to get them closer to midpoint, 1% to cover some of the benefits increase wouldn’t break the bank. It’s GREED. After decades of working my A off, 50-60hours/week, it’s now less stressful and I treat it like a JOB. Now 40hours, and not my F problem at the end of the day. In the end, I got a big A raise.

If they give us our raises Charlie &Co won’t have money to increase their’s.
The world is a very unfair place to exist and it is only getting worse!

@aj my point was that I got no raise last year. 0 dollars. I bring home less with the increase in benefit payments

Wow, that does su-k. In same cases they raised the min for some roles. I bet nobody will see an increase of they're now below that min. Kind of feels like a cable company. Those bands are only for new hires.

Hey @OP at least you got a raise. I was given my first IM in a multi-decade career and no merit.

Don't worry OP, I'm sure the exact same rule applies to Shart and his cronies.

For 2026 they told a bunch of us from different departments that if you make more than midline for the salary range you didn’t qualify for a raise. So, midline salary isn’t really midline if it’s the cap for raises, which were only 1-2%. Basically midline would be the max salary then.

…why don't you just make the minimum 37 pieces of flair?

Expect the same & cost of benefits to be passed on.