Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Branch personnel

Some significant cuts are coming to the branches. The Bank moves toward a “Universal Banker,” which will replace the tellers. Also, branch closures will speed up at a rapid pace. Which means overall leadership will be reduced. Cutting 3B this year... — read more 

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| 1570 views | | 8 replies (last January 25, 2023)
Post ID: @OP+1kRenBDo

Comp opens today - good luck

Comp is open and managers can generate comp statements although can't communicate until HR sends the ok email later this morning. Wishing everyone the best, I'm sure there will be plenty of posts later about 1% merits and 5% merits, plus promotions... — read more 

I envy those of you who are thinking about bonuses

All I'm thinking about is how to survive this year without being laid off. A bonus and a raise are the last things on my mind. I don't necessarily want to but I can deal without any of those things. I can't deal with losing my job, not in this... — read more 

No Growth in Digital Product?

So I am in digital products for over eight years, and I have seen no growth in my pay except the 2-3 percent annual. I just 'woke' up and am worried. Can others please chime in with how much they grew in pay or position level? I just stayed here... — read more 

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| 1530 views | | 8 replies (last January 25, 2023)
Post ID: @OP+1kRyDq87

It is coming…

A chaotic open for some stocks listed on the New York Stock Exchange sent chills across Wall Street as dozens of the largest companies in the US seemed to erase billions of dollars in market value for no apparent reason, leaving some investors... — read more 

Raises for tomorrow

Good morning I can now see raise information in the system. Are others experiencing this as well?

It's not all bad

Wells Fargo Continues to Flourish https://finance.yahoo.com/news/wells-fargo-continues-flourish-215534200.html

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| 1130 views | | 4 replies (last January 24, 2023)
Post ID: @OP+1kQsMM3V

IT&V

What is it like to work for IT&V? In audit now. Heard they aren’t tied to a specific framework. Jumbled guidance. No direction. High turnover. Heard the people are nice. Strong managers depending on where you land.

Hours in Office

How many hours do we have to be in the office for it to count? Some are just coming in late and leaving early, so around 3-5hours in office, and it seems to be okay for them. If that counts as a day in the office, I’ll start doing that too. The whole... — read more 

ALEX- be warned come fall

I used this * tool this year because rates went up so much that I thought maybe this tool they kept shoving down our throats would help show me I didn’t need the plan I was on previously, or tell me to stay put. It told me to switch, with my... — read more 

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| 2020 views | | 9 replies (last January 25, 2023)
Post ID: @OP+1kQ5sgPw

Surrogacy Benefit - Yet another executive perk?

Saw the WF announcement for surrogacy reimbursement of $35k. Only the wealthiest people can afford a surrogate, even with the reimbursement as the average total cost is about $100k. How about making the employee potion of healthcare cheaper instead... — read more 

401k Net Worth - random huge spike last week

Anyone else notice an odd and unfortunately temporary huge spike in their Net Worth in Empower about a week ago? Some kind of error clearly but was curious. Nothing corresponding in the transaction history log.

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| 1660 views | | 7 replies (last January 25, 2023)
Post ID: @OP+1kPVCsI1

RTO question-any WF office?

May have been asked before but having difficult weeding through postings. I have multiple offices ( not bank branches) closer to me than my assigned office which is 1-2 hrs commute away. Does it count as RTO if I’m on the WF network at a... — read more 

More layoffs next week?

Since Wells Fargo seems determined to have a lot of small layoffs instead of one major round like the majority of other banks, what are the chances more of us are getting cut this coming week?

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| 2740 views | | 9 replies (last January 24, 2023)
Post ID: @OP+1kPdBXRp

Merit Increase

I work at Wells and got a meets expectations, do you think I will get at least 19% merit? I worked 40 hours a week and created several PowerPoint decks and served on a DEI Committee in 2022.

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| 2430 views | | 9 replies (last January 23, 2023)
Post ID: @OP+1kPrHBeN

Merit pay

Manager of a branch here. Will I have access to see pay increases tomorrow? I will be on leave and would like to tell my team members.

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| 1810 views | | 5 replies (last January 23, 2023)
Post ID: @OP+1kPx5sfL

Capital One is giving up on Agile

Capital 1 just got rid of the entire Agile IT Team/s approximately 1200 people. Which company is next to give up and move on?

Copycat Layoffs

https://www.gsb.stanford.edu/insights/why-copycat-layoffs-wont-help-tech-companies-or-their-employees

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| 850 views | | 2 replies (last January 23, 2023)
Post ID: @OP+1kOqcTjm

I got an exceeds and mid year salary adjustment

I got a mid year adjustment of 20% to match an offer letter end of june. Found out Friday I got an exceeds in my review but she was not able to talk about salary until next week. Will I get shafted on my merit increase?

Greetings from Mumbai

If you are seeking to avoid being laid off, we are running a contest. Anyone who volunteers to be peed on can avoid layoff and keep American job. Please dial 800-HR-WELLS and press option 4 to sign up to be peed on by Shankar. This is offered and... — read more 

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| 1200 views | | 4 replies (last January 23, 2023)
Post ID: @OP+1kN7RKSn

P1- P2

What is the percentage raise you have heard or experienced in the past if promote someone from P1 to P2. I want to get idea what I’m expecting next week.

$$$ Concert before Layoffs

Sound familiar? Earth, Wind & Fire, Charlie? https://fortune.com/2023/01/20/microsoft-under-fire-hosting-private-sting-concert-execs-davos-night-before-announcing-mass-layoffs/amp/?itm_source=parsely-api

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| 1260 views | | 3 replies (last January 23, 2023)
Post ID: @OP+1kNeKx8a

Corruption is in WF's DNA

WF could have only two customers with one product each, and they'd still commit crimes. It's a compulsion at this point. WF is basically flaunting it, like " See how much we can get away with, and the govt. STILL hasn't forced is to break apart or... — read more 

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| 1180 views | | 9 replies (last January 24, 2023)
Post ID: @OP+1kNtl12o

My boss likes RTO because he gets an audience

Help. Need advice. My boss has implied we should be in office 5 days a week. He loves having an audience and can talk for two hours and not take a breathe. Meanwhile the rest of us look at all the work we need to complete. At the end of the day he... — read more 

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| 1580 views | | 8 replies (last January 23, 2023)
Post ID: @OP+1kN3oReN

Bonus - will it be split cash vs stock

Heard rumblings that the bonus will be split based on your total comp (higher you make the more stock vs cash). And the stock is 4 years to vest. Any truth?

Up Next, OCC Step 4…

How long have we been at step 3 now?!? Since 2018 - 5 years!! I think the OCC has been more than patient with the a$$-clown who claims to be in charge of this “too big to manage” bank. Doesn’t help that $hitty Scharf is also an incompetent manager... — read more 

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| 1083 views | | 1 reply (January 25, 2023)
Post ID: @OP+1kNXpazR

Agile/Kanban grift

Kanban replaced Agile. Rinse. Repeat. Grift. Get rid of this repackaged, buzzword-filled nonsense. It's the most unproductive busy work I've ever seen. Why is leadership falling for this consultant-level cr@p? A bunch of people who are justifying... — read more 

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