I left and received another position that I work from home 100% of time with a 15% pay increase. I worked for Wells over a decade, but watched as my friends were laid off or being fired for it keeping up with the ridiculous production and quality standards. I advise those who want to leave to do so. Don’t wait for them to decide your fate or believe it’s best to get laid off to deceits severance. Because at the rate they are going there won’t be any severance to collect.
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Being able to work from home is a major factor for many. Very few companies allow it. WF never really did until they realized it was one of the only draws for employees and candidates after the scandals. When you switch jobs, you often get a higher salary (e.g., new role at higher pay scale). And raises at most companies are relatively flat (just like WF). The bonuses at WF are high, assuming they continue to pay them (big question mark given current environment).
The major differences currently (emphasis on currently) are company reputation/morale and ability to work remotely. For many, the latter benefit outweighs the former pain point for now (or until you're laid off -- and who knows what the market will be like then). Not easy choices, depending on your circumstance.
I just left for another financial services firm. Limited work from home because of the nature of the job, but extremely flexible hours, and an incredibly friendly work atmosphere with positive morale.
I received an almost 20% increase in pay (about $20k) more in salary than what I was making plus larger bonuses. The economh is still very good and the rate Wells is going they will not be the same company in 5-7 years (much much smaller if they are still even around).
I left when the layoff rumors got pretty loud. Ended up finding lots of banks hungry for good employees. Accepted a position with a 25% bump in pay. 5% of the bump was higher salary and the rest a guaranteed first year bonus. Wish I made the switch sooner.
I received a $20k increase when i left in 2015. I was able to work from home 3 days a week. Got laid off from that job and came back to WF in 2017. Got $3k pay bump.
Most companies do not give out large salary increases. Usually are between 1% and 5%. but bonuses can be good.
I was a mortgage claims analysis 2 at Wells Fargo. Left earlier this month for a 16% raise. My jnew ob does not allow us to work at home.
I was with Wells Fargo for 5 years, didn't really look outside of wells until rumors of layoffs began. I was surprised about how many jobs were out there and the pay bump. I encourage all to look outside of Wells Fargo.