Thread regarding Wells Fargo & Co. layoffs

For those with the HSA, scroll down to prescription coverage. Now, all of your prescriptions are subject to the deductible. This year, they are not and you only have a co-pay. This is going to hit a lot of people hard. Individual deductible is like $3500, Individual w/spouse is around $5600

Lol @ Union thinking anything would be “free”. Go research UAW pay rate and then reflect on your own current one.

1. Opposite for me. My premium is -$80 for same coverage with an HSA. I guess I just read better.

2. And? This isn’t new for me this year but even if it was it forces the complacent and aloof to take responsibility for themselves.

3. Again, And? If Managers are finally being forced to actually apply raises and bonuses in a way that is commensurate with ratings then that is nothing but a positive. Why should I get the exact same increase and bonus as you with a Needs Improvement and you have an Exceeds?

4. My Merit and Bonus were the highest ever in ‘22. Sounds like a You/Your LOB problem.

5. Welcome to employment since forever? Look up The Peter Principle. And qualifications do matter, it’s just that it doesn’t matter if you’re the best of the best. No one wants to work for, with or supervise someone who has a serious character flaw making the dynamic difficult. There are times and places for the hoops with Asperger’s and then there are times for the slick tongued willies.

This post should be renamed as "WF is circling the drain. Get out & save your career as you can".

People can't comprehend facetious well.

People can’t even complain well

@shr said, "A 2.0 merit increase is better than 1.5%. What is your problem here? "

Our problem is that inflation is at 3.7% through 3 quarters of 2023. Nobody is ever happy with having less money, it's why the CEO is making the bank buy stock that he's compensated with. He gets to spend other people's money to make himself wealthier, we don't.

1. Insurance premiums are up and the coverage is down

• Same for most companies. As they say, It's the economy, stupid.

2. You have to re-elect this year when in years past it automatically reenrolled - there will be people that aren’t aware of the change and will rely on years past then not have coverage in 2024, saving the company money

• then they need to pay attention to their benefits and stay on top of things. And, the company isn't out to save money by not having to cover folks who are too d-mb to enroll.

3. Managers are being told they need to tell people on their team they’re not performing at year end and forgo their bonus.

• well, that's not entirely true. I'll let you go out and get the real deal on this.

4. Horrible merits at year end 2022 when Charles said they’d be bigger than normal in the summer of 2022 due to inflation.

• A 2.0 merit increase is better than 1.5%. What is your problem here?

5. Your qualifications don’t matter as much as your appearance when it comes to internal opportunities, exec compensation is literally based on this.

• Been that way since the dawn of time, whichever way the winds blow that make the company look good, that is what they will always do. No surprise here.

Next?

I’m sure if we had a union that we’d have free healthcare, pensions, and four day work weeks (not kidding.. pretty sure we wouldn’t keep getting screwed like this).🤷🏻

Layoffs need to be accelerated.

so is the case at every other corporation.

OP--your bullet points are valid..... WF is a real sh*t show

You are all over the map