Starting on Monday, employees can trade 3 PTO hours for one bi--h-slap that can be used on anyone within the company. Kissing a-s will now be considered s-xual harassment. If an employee does something stupid, only that employee will be required... — read more
Holidays coming up
Layoffs should be done for the year I think
Wells Fargo’s new Mission Statement: Helping Charlie Succeed Financially
(Previously, Helping Clients Succeed Financially) Charlie is not an “A rising tide lifts all boats” kind of guy. No - he has his hand in everyone’s pockets, exploiting us all to enrich himself. Who doesn’t Charlie mind exploiting? Wells Fargo... — read more
Amazon says 5 days RTO or leave, is WFC next!
So basically they were told if you don’t like it leave. One the economy gets better many many people will quit. Then watch companies complain that they can’t find talent.
CNBC Interview with Charlie Scharf
Who watched this? Reminds me of that movie D-mb and D-mber. Who is D-mb and who is D-mber? Cramer/Charlie?
Impact on bonus and 401k match
If you are expecting a bonus early February next year and got laid off like in November, are you going to get your bonus or not ? Also what is the deadline for the 401k match ?
1099
Will WF see if I receive 1099 income this year before I’m laid off in Q1 of 2025 (our expected layoff time frame)?
Layoff severance period and 401K Rule of 55
Layoff age 54- 60 day notice age 54- during the severence period you turn 55. In this scenario do you meet the requirement for penalty-free access to 401K?
2025 health coverage
Well at least my premiums are only going up 5% per pay period. How much you want to bet my salary won't go up 5% this year?
People need to quit
Enough with the "quiet quitting" nonsense. You slacking off doesn't affect just you. It affects your entire team, who have to pick up after you. If you're done with this place, then put on your big boy/big girl pants and quit. Leave the rest of us... — read more
“Wells Fargo puts targets on low producers in 2025”
Interpretation: Wells Fargo forces low producers to churn more customer accounts in 2025.
Many hub people with remote exceptions in tech
How come so many people that live by tech hubs (ex. Charlotte, Phoenix, Dallas) have remote exceptions while other people were brought back. Looks like this is the case from individual contributors to executives. These people all can’t have remote... — read more
Wells Fargo raised the firm's price target on JPMorgan to $240 from $225
“JP Morgan Reiterates Neutral Rating on Wells Fargo” I’m chuckling a little bit.
Is today Happy 401K Match Day
I think it is just curious. The 60 day working notice would get us to 12/15. Or Do I misread the plan. Congrats to those of us hanging on to the On Fire Stagecoach.
Survey Results?
Looking forward to improvements once management makes the survey feedback actionable. When should we start to see the new plans?
30 year employee fired for 1st time expense error
Finra viewed the error by WF Advisor as theft . . . https://www.advisorhub.com/wells-fargo-axes-veteran-broker-who-expensed-60-personal-fedex-bill/
WFC is becoming more and more toxic
I know the job market is tough, but I'm starting to feel like it doesn't matter and I'd be happier unemployed than being part of this mess.
New cloud pc
How is that different from VDI, what are they talking about?
I have a question….
Per the CFPB in Dec 2022, “Wells Fargo is a repeat offender, a corporate recidivist that puts one third of American households at risk of harm.” Our top 5 primary offenses are Consumer Protection Violations, Mortgage Abuses, Banking Violations... — read more
Barnhart
Any layoffs at Barnhart today??)
Glad to see we have money for all these offsites...
We have a bunch of people at Grace Hopper, others are posting pictures of large meetings. We're laying people off but we have money to send 100 people to conferences? I haven't been to a conference in over 5 years - and I'm talking about an... — read more
Boise ECMO
72 ECMO Boise employees given their 60 day non-working notice at 10:00 a.m. this morning.
It may still be a tad too early but so far crickets regarding layoffs
No news is good news
Offer at another investment firm
So I received offer to join another investment firm in similar compliance position. They have 200 financial advisors versus 10,000 plus at WFA. The hiring manager told me they recently fired a person that joined from Wells Fargo Advisors cause... — read more
How to survive in WF?
How to survive in WF?
WF is a hellhole
I worked in several big companies, not all of them in banking. WF has proved to be the worst work experience. Office politics is insane, backstabbing casual, and the team toxicity is cleverly encouraged and exploited by management. Whatever actually... — read more
“Workforce Share” is very shady!
Recently got moved to EBCE even though I work at a “core” site. Supposedly this has nothing to do with being identified for layoffs, but the whole experience so far makes me feel like they are setting me up for failure. To make the situation worse... — read more
New Employee Onboarding in US
What's the timeframe for a new employee to onboard?
Times have changed. Please pay attention to what is happening under Charlie’s leadership.
The reason for a union is for employees to have collective bargaining power with the employer. I haven’t had an opinion one way or the other in the past, but I’m watching Charlie pick us off one-by-one because he and his minions hold and want to... — read more
Wells Fargo's hustle culture
Wells Fargo culture is toxic as it is, but add to that the hustle element, and no wonder so many people are either leaving, burnt out, or hating their jobs. Bosses here will gladly take advantage of your hard work and praise your dedication with... — read more
AI scare is just an excuse for offshoring
I’m sure numbers in a short time will prove this. Yes, some of the jobs can and will be replaced by AI, which is btw over-hyped and still just a rudimentary tool, but the vast majority of jobs are just being offshored under the excuse of the AI. We... — read more
Life after WF
It’s all fun & games to be rage applying until they all start calling you back & you don’t know which one is calling you back
Tuesday 10/15 Layoff Discussion Board
Position/Division/Years of Service/Happy or Not.
Medical coverage during severance period
Does WF continue to subsidize medical coverage during severance period?
Sr Lead vs Mgr
Is Lead to Manager considered a lateral? Meaning no pay increase. The corp titles are the same and the compensation code. What is the incentive for someone who is a Lead to do that vs stay on the IC track and go for Sr Lead?
Ain’t heard a wink or a nod on N. Ca sites.
When are these locations (Folsom, Roseville, Rancho Cordova) closing?
Something will have to give soon
Corporations serving only the top and shareholders is not a sustainable arrangement within the framework of any society. Maybe in a lab. They exist in communities, draw resources from said communities, and enjoy low taxation, legal protection of the... — read more
Laughable: Wells Fargo talks out of both sides of their mouth when it comes to the Union. They assume you are stupid. They need you to be stupi
One side of mouth: Scharf boasts about cutting 60,000 jobs while also building out India and the Philippines. So how many US jobs have been cut? I would estimate at least 80,000 jobs Other side of (lying) mouth: “We continue to believe our... — read more
Technology chopping board
There’s been Leaderships offsite and the primary topic was layoffs in Q4. Update your resume folks.