Word is Dillards said peace out. That’s a lot of business.
Ok, who's the id--t...
That thought that giving people 2 days notice before a forced transition to VDI was a good idea, when we all know it takes tech at least a week to respond to any request, including putting a stop to something like this? Good lord.
RCSA Bonus
WF is issuing a 20% TVC bonus to those who worked on RCSA in February, but the problem is not everyone is receiving it. If your leader didn’t flag you, you aren’t receiving it. Doesn’t HR have a list of all individuals that worked on this project? I... — read more
early pay day - this week
Because I am sure there will be thousands of people wondering where their paycheck is, if your paycheck this week will be over $10K due to your bonus it will not show up in your bank account until Friday. Early pay day only applies to amounts less... — read more
Cash Balance Lumpsum
In case of a displacement, can you choose to rollover the cash balance lumpsum amount (shown in the cash balance 'model my retirement' page') to an IRA?
Payout of PTO Days
If displaced, I see you get paid any PTO due to you. But what if you went over your PTO and say, used all the PTO for the year before your displacement, so you were negative 4 weeks when displaced?
It doesn’t pay to be too good
Mediocre people get promoted all the time. In fact, I would say that most of the people promoted are mediocre. But their su-k up skills are outstanding. Leaders are often intimidated by people with great skills, so it doesn’t pay to be too... — read more
Department Wide Meeting scheduled for Tuesday morning...
Farewell everyone :')
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... — read more
Retirement
How much notice is required if one decides to retire? I’ve read the “preparing to retire” handbook and it doesn’t really say. My boss and I get along well, but I have had it with this place and want to leave. I am old enough to retire under one of... — read more
What can you do if your performance review contains inaccurate info?
I know that the company is doing the forced ranking system and what the end goal is, but I have several comments that are lies/fabricated on my performance review. The writing is on the wall and I’m already looking externally. Just doesn’t sit well... — read more
Sometimes I wish this place would put me out of my misery
This place honestly su-ks. I continue to work here because I can’t find a job that’ll pay me as much money, but Jesus Christ… I sometimes question if the fat paycheck is worth all of the id--tic garbage that we’re forced to deal with. This place is a... — read more
Can you get fired for what you say in your displacement interview and lose your package?
I'm a 22 year veteran of this company going back to the original Wachovia blue days. I can read the writing on the wall to see a displacement coming soon. If I tell my boss what I really think of them in the displacement conversationcan I lose my... — read more
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