Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Any Layoffs Today

This might be the first time in a long time that I don’t see an actual layoff conversation the Tuesday after a payday

Employee Global Survey is not confidential!

Just found out the Employee Global survey we took in August is not confidential as they indicated on the initial survey email. Managers will have access to any employee comments left in the survey. They will not have names associated to them, but if... — read more 

Job description changed

My group manages customers in a hub. We are not a customer facing group. Now we must be customer facing inside branches. This is not what we signed up to do. Any other hub affected?

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| 1240 views | | 7 replies (last January 10, 2024)
Post ID: @OP+1qukO453

CIB Layoffs?

Does anyone have any info on CIB/CMS layoffs? I can’t seem to get any info on it and well like everyone else, I’m also worried. You never know with wells I guess.

Question on 401k and annual bonus

Hi I know that the 401k limit was raised to $23k in 2024. I have my deductions set to 10% for the biweekly paychecks (even though they are matching only 6% of it). I see the announcements that typically come about last day to adjust is so and so... — read more 

Location strategy to be "firmed up" by April '24

Why am I having trouble believing this? I guess technically, the communication doesn't say that layoffs will end by April, but the grand layoff plan should be finalized by then. Unless the following line means something else: *We expect location... — read more 

Relocation

I took a job in the hub. I don’t like in person with customer. Job recently changed to within branch. Any others dealing with this?

How high is a lead BEC

Compare these ranks. Business execution associate Associate Manager Manager Senior BEC Lead BEC Senior manager Senior Lead Bec

Lead BECS

Anyone ever feel BECs especially at the Lead to Senior Lead level have an air of arrogance? Why is that?

Town Hall at our site 1/9

A few teams at our contact center site (mostly operations, tech, workforce management) got an invite just yesterday to a town hall with senior leadership at our site. We've never received such short notice for a town hall before. Usually it's a... — read more 

Layoffs to resume in February

Usually the Tuesday after payday. However, I'm in HR and was let go this morning. While the decision was made before the holidays, they hung on to me to pick up the work load of all the folks on PTO, but hey at least they didn't make me work a full... — read more 

DEI

The DEI initiative is unraveling.

How should I brand myself

I hate my business execution title. Should I brand myself differently when applying so I can leave before getting hit with layoff

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| 1480 views | | 11 replies (last January 13, 2024)
Post ID: @OP+1qqPT4U0

Billings Site

Does anyone have any intel on when the Billings site will be shut down? I am trying to decide if it is worth sticking around for severance.

Looking forward to great job market in 2024

Between anticipated recession and the AI replacement, the job market in 2024 is shaping up to become a nightmare. https://www.newsweek.com/mass-layoffs-happening-2024-hiring-freeze-1855942

Enough is enough

I work with so many passive aggressive and petty people. I would always work fast and respond quickly but you all continued to push. There is no pleasing you. I am done with trying to be cooperative. You have done your fair share of sloppy work... — read more 

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| 1820 views | | 5 replies (last January 13, 2024)
Post ID: @OP+1qpnqdCk

Wow

Looks like we're going to make it for at least a week in 2024 with no layoffs. Color me shocked.

I just wanted a job...

I just wanted a job... Not all the drama, back stabbing, chaos, non leader "Leaders" , inexperienced & abusive middle managers, constant back story of layoffs, outsourcing, etc.

Inconsistently meets requirement

So do managers have to come up with a minimum percentage or quota of inconsistently meets, even if no one on their team is a low performer?

Roanoke VA

https://www.wsls.com/news/local/2024/01/03/wells-fargo-tower-closing-in-downtown-roanoke/

There's no such thing as being safe here

If your job can be done by somebody in a low-cost country, count on your job being sent to a low-cost country sooner or later. It might not happen right away, but it will happen. That's the end goal. We're all considered to be too expensive and... — read more 

Hurry—diversify 401k

All—if you can hurry and do so before market close today in 30 minutes, it’s a GREAT day to rebalance/diversify out of the WFC shares you got as your match. WFC is flat but major indexes are down—you might move it for now into the NASDAQ-tracking... — read more 

Feb bonus determined yet?

Is the February bonus amount determined yet? Can anyone share some info about it? I know it's 🥜 Thank y'all

The new University Analysts hire make $105K

I just found out recently about the Early Careers Program at Wells Fargo and that fresh-out-of-college hires for Wells Technology are being offered $105k with a $ 10k bonus sign-on. The previous analysts in this program are currently being matched to... — read more 

WF location strategy- not broadly efficient

I understand the need to justify real estate to improve efficiency, and that drives location strategy in some circumstances. Makes sense. This approach feels a lot more like “we are still going to have most of all this real estate but are going to... — read more 

All tricks, no treats

A layoff on 10/31 was discussed, but now we know that scope. 700+ of us were downsized/outsourced. Drip drip drip until we're all gone.

The layoffs will continue

The layoffs will continue until the asset cap is lifted because layoffs are the only way for CS to improve the efficiency ratio and thus get bigger bonuses every year. He isn't ethical enough to get the asset cap lifted, so layoffs are his... — read more 

401(k) match missing?

Another post mentioned that folks should be able to see their 401(k) match already in their accounts. I was hoping to see it on the 29th, but as of now it is still not visible for me. Is this an issue, or is this the case for others as well and I... — read more 

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