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 🙏
Bridget Engle - Charlie's BNY Dream
Did Tracy Kerrins just fail forward? Or is Charlie bringing another cronie onboard?
Should have sent TK
To India
Excel - Select Sensitivity
So, who was the du----s that mandated these stupid labels? What a certified du----s that person is.
Expect a major restructuring in Technology
Location Strategy will execute in faster pace. More roles will be removed in the US. More hiring will be done in India. Big housekeeping is coming in next few months.
SteveHager is out
Tired of pleasing QueenKerrins?
New Head of Tech
https://www.reuters.com/business/finance/wells-fargo-appoints-new-head-technology-2024-07-30/
NEW CIO
New CIO Charlie’s stomping grounds.
Inconsistently meets for not adhering to RTO
My manager said she was forced by HR to downgrade me all the way to inconsistently meets because I had a few weeks where I could only come in 2 days a week due to personal circumstances (which I shared in writing without going into too much detail)... — read more
Returning as a contractor.....
I'm hearing of a few of my old teammates in tech returning to their previous role as a contractor. Wage and benefits depend on the company you sign with. Would you want to contribute to WF efforts after being bounced out...even if you enjoyed... — read more