Was recently let go, my notice period goes through 9/30, the displacement paperwork said you are eligible for bonus, but realistically, I am wondering how many ended up getting a prorated bonus?

Not a good sign

Hearing that they are keeping Sioux Falls as a hub, can anyone confirm? Also, does this mean they will be hiring for jobs now that they basically lost everyone????

The financial analyst program people (hired interns basically) make $77k per year their first year out of college! In my group they have zero value add, and truly make us zero money. This is a two year program where they get paid to learn, so the... — read more 

Anyone?

There are no explicit directives. That would be illegal. They do, however, measure managers and orgs by tenure and seniority. Targets are set lower to drive behavior. It’s been this way for years. It’s hard to eliminate someone for cause. But it’s... — read more 

The world - SE coast is seeing Armageddon like flooding, TS Debby sets her sights on Charlotte. Charlotte has gotten 3-4 inches of rain already overnight. Stay off roads. Flash flood warnings. Wells Fargo Management - make sure you get your three... — read more 

On an AMA for a departing leader. This person was asked what they'd do differently if they were just joining the org. The answer was total BS and I was asking my self why the f**k they weren't doing this in the years they've been here - these... — read more 

It's not a secret that the company is trying to whittle things down to just one large admin building / campus per hub. The head of CPG has talked about it on town halls. If that's the case, what's the last building standing in Charlotte? CIC?

I make around 122k at P3 level living in the midwest, thinking of moving up to p4 level internally, what is the max you can get in salary raise?

Under U Odedra

https://www.zacks.com/stock/news/2316215/wells-fargo-wfc-faces-anti-money-laundering-sanctions-probe .....But wait!! There's more! Last week, Wells Fargo faced a class action lawsuit alleging that it mismanaged its employee health insurance plan... — read more 

Employees in countries like India do not pay into the U.S. Social Security system.

That’s not a big change. The Q423 severance provision for 2024 layoffs was $750MM up to $1B. Maybe the decrease will be more pronounced by Q424. Does the headcount includes offshore? If so, that means you can’t really correlate the headcount changes... — read more 

The government imposes import tariffs on Chinese solar panels and electric cars as a way to protect US manufacturing and supply chains, why don't they start imposing export tariffs on jobs US companies are sending overseas as a way to protect US... — read more 

Any update on when layoffs could begin for the Credit Card groups (cus service, Collections, overdraft, etc)

47 employees were laid off from Conduct Management, from Investigations Associates, to Senior Investigators and managers. Seasoned employees with decades of experience who have integrity and forced the company to do the right thing... While... — read more 

I know there would be a range due to job type and domestic location. And perhaps whether you’re comparing direct compensation and benefits or more fully loaded. But any real anecdotes about % savings would be informative.

Were there cuts in CIB this week or the week prior? Either front office or risk/ support ? Seeing a lot more names “ZZed” in outlook recently

Am I low balled?

Disgusting. Going to the board as a shareholder. Period

Does anyone know if we still get access to Pluralsight during the 60-day notice period? It would be nice to do some upskilling when I've got a bunch of free time on my hands.

You know that you're going to get fired. You know that you'll never move up in the company. Your procedures are changing to make you stressed. You don't get paid that much. There are much better jobs out there. Just quit.

https://www.thelayoff.com/bank-of-new-york-mellon

Am I lowballed?

https://thehill.com/opinion/technology/4800828-office-mandates-cause-attrition

I am in Charlotte, NC. I was displaced as a P5. My pay was $155K when I was at the P5. I am currently in my severance. Notice Period ended a couple of weeks back. Severance will end on 11/22. I have been interviewing and was offered a P4 today... — read more 

Risk team of 55 employees, including 10 managers. We were informed that the location strategy and remote positions would be the first to be eliminated. This information proved to be inaccurate, as four individuals who were not working remotely and... — read more 

Can anyone confirm the rumor regarding IT&V getting hit by the OCC with an MRA ?

First off let me say that Michael Cleary is the most pompous lying sack of sh**. Supposedly no additional displacements were to occur in 2024 for the Investigations group. However, a bunch of us got notices today. I have an angel on my shoulder... — read more 

Charlie Charkarbati Ather Singh Barry Prasad Bei-pinder Kaur Douglas Gupta Ellen Gopikrishan Fernando Nataranjan Derek Sharma Jon Jagjeet Weiss Kleber Patel Scott Haldiram Jason Akhtar Kyle Kaladev Michael Kumar Paul Chaudry Saul Rampal Tracy... — read more 

This is the new long term WF strategy. Taken right out of the 1880 playbook.

Seeing rumors about tech and CIB/risk. Anybody else?

Teh company is using a convoluted RCSA project to hide true deficiencies and fraud. Audit and regulators have been sent down RCSA admin rabbit holes. thousands of fake controls have been created to hide problems. Theyre impossible to test let alone... — read more 

If you are laid off during medical leave/FMLA, does your 60 day notice start immediately or does it start on the day you are scheduled to return from medical leave?

Yesterday I walked in from lunch and there were 4 trucks and around 10 workers. I overheard one of them bragging how big a job this was going to be but that his bank account didn't mind. Anyone know of they're about to pull the plug?

I cannot stop laughing at these decisions this company’s leadership is making. People like DF, Schart. Tk, and other c-suites create an AI council and then put themselves on it. Meanwhile, not one of these AI council members know a thing about... — read more 

Saw this story last night about WF on the news here in SF. SF Wells Fargo's employee security procedure stirring controversy https://abc7news.com/videoClip/15148232/

Does that mean our whole group is going to be laid off and I have mental problems too at this job, should I just go on short-term disability right now, like them? What is Strategy because we’re all mentally struggling right now at this company. If... — read more 

Which Department(s) are on the 8/6 list?