EOM
Do managers ever get laid off!?!
It’s seems like only worker bees get canned, never management!
Stock performance under Charlie vs. stock performance under Jamie: FLAT vs. ⬆️ 42%
Charlie joined Wells Fargo on October 21, 2019 WFC stock price on Oct 21, 2019: 50.46 WFC stock price today: 50.32 🔻.14 (flat) JPM stock price on Oct 21, 2019: 121 JPM stock price today: 172.28 ⬆️ 51.28 (+ 42%)
Too many mediocre workers think they should be rated above meets
It boggles my mind how many of my employees barely put in any effort and then complain at review time when I don’t rate them above a meets (or promote them). If you have chosen to do the minimal amount necessary to avoid getting fired (I can actually... — read more
New Salary
Anyone know when new salaries will be reflected on workday?
Why so many Off Topic posts not pertaining to Layoffs
There sure is alot of S__t tossed against the wall not pertaining to the stated purpose of this website. I guess no one monitors.
Charlie raise for 2024
Charlie got 29 mil for 2024 something is wrong
11,300 Layoffs in 2023 and much more to come in 2024
https://www.ustopbank.com/2024/01/wells-fargo-layoffs-2024-what-we-know.html
You all know that McKinsey & Co is running the bank right?
They are a global management consulting firm who Charlie and the BOD pay billions of dollars to every year. McKinsey is driving the stagecoach while The Old Boys Club sits back and collect their bloated salaries. Interesting that none of our... — read more
Displaced this week, how can I see bonus amount?
I was displaced this week, how can I access my bonus amount? I'm only able to see prior years.
Lubbock
Y’all think Lubbock will be safe?
Your a president, she's a president, everybody is a president (of some sort)
Explain to me why everyone needs a title... no extra $$, no benefits, no bonus.... so, what's the "title" for?
Employee Relations Layoff
Lots of lays offs with employee relations effective next week
Risk can't be managed because independent risk management isn't independent!
It's all smoke and mirrors folks. We keep laying off low level support employees in spirit of efficiencies because that's what Wall St. likes to hear. But the real fat and waste is in layers and layers of lazy and corrupt managers making huge... — read more
No review, no comp conversation
I think boss forgot about doing year end reviews and comp conversations. They have until Tuesday but come on! Nothing scheduled - no communication. This is crazy!
Is a year end 2 or 1 rating the quiet firing?
I’m not super articulate so please pardon me - if you want to vote me down, fine - but I don’t know how best to express myself here. I wanted to share a snippet that has gone viral on this board. Now before a few years ago - we didn’t have forced... — read more
Scharf is a humble and self-sacrificing man
The Board offered him $30.3 Million for his 2023 performance, but he said he would only take $29 Million. So beautiful.
The CEO and BOD Inconvenient Truth (6 Billion could have been saved)
So, it took me 5 minutes to lay out a simple, transparent, and long-term strategy that would have hypothetically saved $6+ billion since 2019-2024. This topic is what the privileged 1% refuse to talk about. Who wouldn’t want a transparent... — read more
EFT Reorg announcement
Tomorrow Ken Meyer is going to announce a huge EFT reorg. This won’t be the end of it either as they haven’t even had their offsite to confirm details impacting most of the employees. What a joke
Well well, corporate America has done it again
The Board gave Chuck a huge raise, while the rest of you live in daily fear of whether you will be chain-sawed or have your job outsourced to India. What a truly sc-m-bag move, but it's been that way for years and its do as I say, not as I do... — read more
Tech Business Services Bonus
Lead. 4% merit, 13% bonus. Seems low. What does everyone else’s numbers look like?
Charlie’s comp
https://www.reuters.com/business/wells-fargo-raises-ceo-charles-scharfs-2023-pay-29-mln-2024-01-25/
Did anyone else get an 18% raise?
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-01-25-2024/card/wells-fargo-ceo-got-18-raise-last-year-to-29-million-cxkFjbJu2BOfqQ3333uD
ANYONE ELSE GET AN 18% RAISE?
Please post here and identify what department and geographic location. Shame on the Board for thinking 18% to Scharf is justified and stating "utmost confidence".
CISO
No one wants the job.
Charlotte > Des Moines
The debate has been settled. Corn land is no longer a hub. Good night
Location Strategy Conflict of interest with WF Mortgage
I'm a CSBB employee and location strategy is coming quick...There are roughly 37k non-customer facing employees in CSBB 3k are remote an I would estimate 10-15k of them are on the chopping block for forced relocation or severance as CSBB is spread... — read more
Paranoia- comp call tuesday morning
I thought I might get comp #s yesterday. Didn't get them today, but call call invite sent around 4pm today for Tuesday morning. Am going to get shafted or am I just paranoid....? 3rd year at Wells but 1st year w boss...
HR directive said Bonus can be same or slightly more than last year
So how the heck can you go from 10k to 20k? Seems like you're stuck
Allspring Global Investment Layoffs coming
Why bother when CEO is never around? Why bother when business is crashing? Why bother to hire when it’s only short term? Why bother to show up on Squawk Box? Why bother to expand when it’ll go under? Why bother to be fake? Why bother to pretend it’s... — read more
Meets but bonus less than last year?
Anybody else?
Vacation days at quit date
I know on teamworks they say accrued time off not used when you leave gets reimbursed to terminating employee. I plan on taking floaters and personal days before I quit. I am an exempt employee, do exempt also get refunded unused but accrued or... — read more
Rating system
Can someone explain the ratings system? I was under the assumption that it was Needs Improvement, Meets and Exceeds. I just heard there are two more, Inconsistently Meets and Consistently Exceeds? Is this true? I have searched teamworks and I... — read more
What is the difference between Business Accountability Specialist and BEC?
Are these jobs immune from layoffs because I see a lot of job postings for them.
RSR and lay offs
Any one know if people being laid off got RSR? If you get RSR does that mean you are on the layoff list?
$1000 cash payout
Surprised I didn’t see anyone already discussing Charlie’s announcement. Obviously an attempt to appease the disgruntled folks unionizing, but I’m not sure a one time payout will actually address the problems in the branches those folks are upset... — read more
Inconsistent Meet Bonus/Raise
So I got an inconsistent meet for mid year and year end based on a lighter workload then my other team members and received a 10% bonus with no raise this year. Can anyone speak to if I can apply for other roles with this rating? It's documented that... — read more
What the heck!?!?!?!
2% increase. Why bother. After years and years, and I mean a lot of years of service I get a 2% increase?!?!?!? I guess they figured we’d give them titles this year instead of a pay increase. Wow! Way to make me feel valued WF.