I received a random email from someone in Tech under TK, that said they were sharing a file with me. I hit the phish button even though it looked legit. It didn’t say, “good job” so it was legit. Soo, I clicked the link and it said I had no access to... — read more
Poor rating earners get laid off, those with Meets ratings look out
Based on the bell curve of ratings, if the company lays off a large percentage of the low ratings after mid-year, management will need to replace those poor ratings from the pool of Meets and higher. All this does is create a mandatory downward shift... — read more
Who can view past performance reviews?
If I'm applying for another position internally, can the hiring manager view my performance reviews? And/or if I move to another group, will my new manager be able to view past performance reviews? I'd appreciate any general info on this.
Cops called to the Barnhart Site
Does anyone know why the cops were called to the barnhart site? Police cars were parking infront of building and cops were in the lobby..
How many people got bad reviews undeservedly?
I see more and more people complaining about bad reviews, which they think are unfounded. My impression is that the whole review process is designed to be a cover for layoffs by numbers, and not by quality of work and results. Vast majority of... — read more
Sham Reviews
Several of us on 60 day notice, all 15+ years service, received reviews less than Meets. First time ever. Will this cause any negative impact to severance? Or rehire in the future?
WAVE 2 displacement notifications start second Tuesday in August
WAVE 2 displacement notifications start second Tuesday in August
Sioux Falls, SD Legal Headquarters
Why can’t Sioux Falls, SD be a hub when the legal headquarters is located in SF? https://en.wikipedia.org/wiki/Wells_Fargo
Technology target RIF is 20% in next 6 months
It’s 6000 employees.
Do You Think….?
That now Saul saved Kerrins for what , who knows. But do you think that making her head of consumer tech and Gen AI that he is going to have all that report to him inside Consumer Banking. Hence Products and Tech being tied together? And he can... — read more
Entire BISO Org displaced...
the entire BISO org was just displaced..
Meets is the “new exceeds”? WTF?!
So I’m an a sales position, have consistently exceeded my KPI’s and was given a meets? And told “meets is the new exceeds” and that it is impossible to get above that. Why do we even have a five level scale if the top two are unobtainable? — read more
Wells Fargo Now has 17 Branches Unionized
It’s time we fight back corporate greed and stand up for ourselves. We can use our collective voice to demand better working conditions for ourselves and our co-workers! Charlie Scharf and his cronies are never going to listen to us unless we force... — read more
Technology August 20th Layoffs
The location strategy layoffs tied to RTO is ramping up. August 20th is dday. Expect few hundreds to be slashed. You will thank me later.
Who’s on leave in your group?
It’s weird, everybody’s on leave!
Come on Charlie
You allocated close to 1B for severance for this year, come on and hit that goal!!!!! Don’t let yourself look bad!!!
Tech Location Strategy Wave 2 Q3
Does anyone know the exact date this is scheduled for?
Three paydays in August, I say with Bated breath
I was looking forward in the beginning of 2024 to three paydays in August. It's an awful feeling not knowing what's around the corner. Oh those Tuesdays after payday. 😰 God help us.
CS describes leadership style in podcast
There’s a few podcast on his Shart corner section. In one, they ask him to describe his leadership style in 3 words. He said; Open, Highly ethical, and partnership Are you kidding me? Think he left out: cut throat, offshore, uncommunicative — read more
Laid off during personal leave ( not FMLA)??
Did anyone get laid off while on personal leave, not FMLA which has job protection?
COMFIRMATION OF TOTAL COMPENSATIONS
I just want to confirm total weeks of payment including 60 day notice after layoffs. 60 day notice = 8 weeks Standard 8 weeks serverance = 8 weeks. 2 weeks per year worked. Example 5 years of employment. 8 weeks + 8 weeks + (2x5) weeks . = 26... — read more
We are at the peak of corporate vulture culture era
And when the era is done, there will be nothing left but dung beetles battling for a ball of po-p. It’s pure nihilism, and we allowed it to happen.
LAYOFF COMPENSATION AMOUNT
For 401K match - the 6% match is based on 6% of total compensation(I.e. base salary + bonus). In terms of layoff, is the severance based only on base salary or total compensation.
Technology organization
Most of us wouldn’t survive the layoffs by end of year.
Layoffs
My entire team is worried about layoffs under new leaderships, should I be worried?
Internal Transfers
Anyone know what the rules are for internal transfers. How long do you have to be in a role before you can ? How long after a promotion before you can ? This info doesn’t seem to be widely circulated.
Relocation decline
If someone declines a relocation package, will they get a working or non-working 60 day notice period?
Clownshow or Sh1tshow?
I can't figure out which one. Who hires an someone like TK only to demote?
Overabundance of "Approvals" - Major Time-Su-k
This place has gone mad with the concept of the "approval". Emails asking for approvals. Systems asking for approvals. Emails asking people to go into Systems to approve. Control, IRM, FLIV, Leadership - a cast of dozens of people need to approve... — read more
Missing posts about TK??
Whole threads and individual comments have gone missing since yesterday - all that are gone were negative statements about TK ..... very interesting.
The difference between “Development Opportunity” and wage theft..
There isn’t one.🤫
There is a lot of fat in a company this big
The fact is we do need layoffs. The problem is that it's not the real fat that's getting cut every week but the people who do the actual work. The fat remains and only becomes more prominent over time. That's Wells Fargo's main problem, not the... — read more
Legal question
I have evidence that my child leave negatively affected my performance review. Is it worth it to contact outside counsel? I would normally not but the company has gotten so toxic and something like this seems so wrong that I cannot see myself letting... — read more
Las Vegas Layoffs Wells Fargo
https://www.citynewsvegas.com/business/wells-fargo-announces-layoffs-impacting-over-100-las-vegas-workers/article_88d74ec2-4dff-11ef-91af-6b5519550ff9.html
Location Strategy and RTO now has ADA and EEOC precednet
https://www.yahoo.com/news/jury-awards-former-wells-fargo-181350732.html? “Wells Fargo continues to say what its anti-discrimination policies are. But the jury and the court plainly heard from Wells Fargo’s own witnesses that executives at the... — read more
Steve jobs in his words
About the current management https://www.instagram.com/reel/C90aqjHxnzc/?igsh=MTFodjJsYm45eHFvZQ==
Moar offshoring expected
https://www.linkedin.com/posts/bridgeto1_lifeatbnymellon-activity-7178403119888756739-kiNJ
Displaced..and Re-Hired... How is end of year rating impacted?
I got displaced from a P5 position on 5/28. My mid year is "inconsistently meets"... No brainer why will a manager waste "meets" on an already displaced employee.. In the interim, I started applying and interviewing for P4 and P5 positions within... — read more
Dear Bridget
For the love of god get rid of this agile cr-p!!!!! Please 🙏