Maybe they aren’t making cuts on Tuesdays this month to throw us off. Charlie you’re so silly!
In-office expectations
What does the report say?
St. Louis WFA 2/6/24 Layoff Thread
Lots of chatter lately, online and in the workplace, that the grim reaper might be visiting St. Louis today with pink slips in hand. I thought it would be a good idea to have a thread dedicated to this location. As the day unfolds, please post... — read more
Wells Fargo branches across the US that could close in 2024
https://en.as.com/latest_news/wells-fargo-branches-across-the-us-that-could-close-in-2024-n/
Here's yer sign?
I am still 100% remote because I do not live near an office option. I received no merit increase. I know of another who also doesn't fit the R.T.O model and received no merit. I can't help seeing this as a sign I will be getting walking papers. My... — read more
Move the Line from CL to Operations
What’s up with the move the line that happened over the weekend? Over 1k employees were moved from Consumer Lending to Operations.
Breakfast at the unemployment office
Tomorrow?
Would you wear both a suit and tie for your virtual interview?
I got displaced after working at Wells Fargo for 10 years, but I will be having a virtual job interview with a new prospective employer next week. I am not sure how I should dress in front of the computer camera. Some Google sites suggest wearing... — read more
Layoffs coming…. Tuesdays in Feb!!
Be sure to decline any last minute meeting from your boss on February Tuesdays! Decline and call in sick!
Core Markets Location Strategy...
Functions across company are implementing location strategy. Consolidating employees in core markets by 2027. First wave: August 2024 Second wave: Q3 2025 Third wave: 2026 People in non-core markets: market-based exception, relocation (company... — read more
PSA to the id--ts in the office
Use your headset so we don’t have to hear your teams alerts going off all the time and your meetings on speaker If you need to take a long personal call use a phone room or stairwell For flex cubers, don’t leave your personal belongings... — read more
Delaney
Anyone have John Delaney coming to their site this month?
How is CLT considered A Low Cost Of Living Area! Area Differential Pay is Rigged for HY
Just recently interviewed with wells fargo and the recruiter stated that “there were specific locations to choose from” when it came to a work location. I was aware of this since it said it on the job description. I didn’t expect the absurd... — read more
Corporate Risk
Watch out for Tuesday if you fall under the corporate risk umbrella. Big cuts are headed that way including low level managers.
What's my moral obligation to this place
They've given me a 1% wage increase every year for like the last 4 years. Inflation has been much higher than that. To me that's a clear signal that they don't value me any longer, my area has about 80% Indians now. Do i have a moral obligation in... — read more
2024 pto and carryover from2023
I have 5 days from 2023. If I take pto now in 2024, will the system use the 2023 carryover first? I did not see mechanism to specify 2023 carryover when I submit. Can someone help?
New Beginning's $0.63 cents raise.
I received a meets and got a $0.63 cents raise for 2024 which comes out to $1,310.40 extra a year. I know a lot of people are looking forward to leaving Wells as I am really looking forward to it as well. But I will holdout until I receive a... — read more
Remote plus customer facing
Safe(r)?
Leaving
I am leaving in the next few weeks. Can someone help, besides letting my boss know, what all is needed. Formally and informally. Who tells me how many weeks I work till actual departure? Who lets me know how many days accrued vac will be paid and... — read more
You gotta hand it to Scharf. He’s winning while most everyone in his wake is losing.
Scharf has no qualms making the decisions which hurt other people, in order to gain personal power and financial success for himself. Customers and employees losing = Scharf winning. Scharf bills himself as a Change Agent, and yet he is secretly... — read more
What are the chances of survival?
Being put on a PIP. Wondering in this environment if it’s even possible to survive one. Also, how long is an employee typically on a PIP before they are axed or back to green?
The tyranny of the yellow status
So how long before they start running the numbers on MS Teams to see how long you are in yellow? But isn’t it worse to be green all the time? That means you are always available- ie Not busy ever. I think I’m developing a twitch because I have to tap... — read more
Second guessing decision to leave…
Left the “firm” in September and have never second guessed my decision until I woke up this morning and realized it was bonus time at WF and I walked away leaving 10’s of thousands of dollars on the table that would be in my bank account right now... — read more
RTO
I'm within commutable distance to a specialty market, when will I be forced to return to office? I've been 100% remote for 5yrs.
Bonus season at Wells Fargo
My boss arrived at work today in his brand new Ferrari Spider. I said “Wow! That is an amazing car!” He replied “If you work hard, execute on your goals, and strive for excellence - I’ll get another one next year.”
At least we are not elder abusers /s
Wells Fargo Gets Elder Abuse Suit Dismissed, For Now A California federal judge on Thursday dismissed a lawsuit accusing Wells Fargo of facilitating a financial scam against a senior, saying that while the bank's employees should have known... — read more
McKinsey running this bank right now!
It’s really obvious that McKinsey is running this bank right now. Charlie is not doing anything. Oh my God, can I get that 30 million?! Thank God, they got that billion dollars for the severance! Byeeee!!!!
Again Location Move - San Leandro to SF/Concord, CA - 3rd time move email.
This management strategy seems quite disorganized or lacking in foresight. It is the third time our team is moved around. Frist, moved from Fremont to San Leandro, then to San Francisco, then to Concord and back to San Leandro. Now we are hearing... — read more
Debating leaving next week
Should have left years ago, but like many here just got comfortable. My pay increase the last 4 years has been 1% per yr, and i would say inflation over that time where i live is about 25% for rent/food/medical. I feel extremely abused here and... — read more
PIAM
What is this new PIAM software?
How many layoffs saved today?
How many gave their notice today after bonuses hit their account? I did! I'm hopeful I saved someone who wanted to keep their job. And I apologize if I kept anyone from a severance package. I know this is not an airport, but am excited to be... — read more
It’s too expensive to replace human workers with AI—for now, says MIT study
An artificially intelligent robot may not steal your job as soon as you think. That’s because it may be too expensive for companies to replace human workers with AI, according to a January study from MIT CSAIL, MIT Sloan, The Productivity Institute... — read more
CEDAR Layoffs
Any predictions??
Severance if not RTO
can wells deny severance if they let you go for not following rto guidelines? anyone have this happen to them?
We did it …
Collected the 401k match, now collected bonus. Sharts least favorite days is paying it out to us. Congrats to everyone with a larger wallet today.
Severance started...
New to this wonderful world of being laid off by wf. Although I'm enjoying the staycation...it would be nice to get my severance. For those of you that have been laid off...when did the severance pay start after the initial 2 months was over? Was... — read more
What are the core locations for ECR / ECMO / CRCOE?
Anyone know the core and specialty locations for ECR / ECMO / CRCOE? And which ones are core vs speciality?
HR Leadership retirements - or something deeper?
Hard to tell what's really going on. Anyone in the know? I shouldn't be cynical about every Teamworks leadership announcement, but help me out here. Are these really retirements or pushouts or escapes or what?