Honestly, I would. I got a solid bonus last year (mid 30K). I have no idea what my bonus will be this year (got a Meets), but if I was given the choice of 1) a bonus, or 2) not being laid off this year, I'd take option 2. Too much anxiety about... — read more
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
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
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
Can anyone Saul's org confirm or comment on remote workers seeking other roles?
Can anyone Saul's org confirm or comment on remote workers seeking other roles? I was originally hired as a "Field Rep" (100% remote) in non Wells Fargo location. I have been trying to change teams for better opportunities but am told that the... — read more
What are you planning to do with your bonus?
I’ll go first: pay 2022 taxes owed put the rest toward paying off student loans if interest resumes if not, invest it
Looks like Wall Street knows something we don't know. WFC down 11% already.
Another bombshell about to drop I assume. A drop like that can't be from already known disasters swirling.
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
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
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.
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
5 percent and stock options
I don’t see the thread on this anymore. Are there legs to this rumors or just more fake news?
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?
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.
Rumored that Wells Fargo is contemplating a name change, similar to Facebook becoming META
The new name, pending approval will be: Dewey, Cheatem and Howe.
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.
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
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?
When will comp be available in workday?
My mgr is out until Feb 1 and I'd rather not wait until then to know.
"If your ethics will allow you to invest in a bank that rips off its customer. Wells Fargo is an interesting value investment."
Dont forget to add - peeee'ing on others.... No other bank offers that perk - maybe Wells Fargo is just an early trend setter soon others will follow. https://medium.datadriveninvestor.com/can-wells-fargo-wfc-survive-a-recession-bdae803d4a4 — read more
Sometimes it’s easier to get a new job than new ethics.
I’m talking to other companies now.
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
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.
$$$ Concert before Layoffs
Sound familiar? Earth, Wind & Fire, Charlie? https://fortune.com/2023/01/20/microsoft-under-fire-hosting-private-sting-concert-execs-davos-night-before-announcing-mass-layoffs/amp/?itm_source=parsely-api
Corruption is in WF's DNA
WF could have only two customers with one product each, and they'd still commit crimes. It's a compulsion at this point. WF is basically flaunting it, like " See how much we can get away with, and the govt. STILL hasn't forced is to break apart or... — read more
Individual Wells Fargo Customers Could Be Entitled to Thousands in Damages
So how many of us will they have to layoff to pay for THIS!? https://www.cnbc.com/2023/01/19/wells-fargo-might-owe-you-money-how-to-get-it.html "The total amount of damages owed to each affected customer will vary, according to numbers provided by... — read more
More layoffs - Earnings call "Cut expenses [employees] by another $3.2B"
Around 30,000 US based employees in total - these jobs will not be eliminated - they will just be shifted to India. "If we don’t see net improvements in performance of the company, we’ve got the ability to ratchet back the discretionary spend" - he... — read more
My boss likes RTO because he gets an audience
Help. Need advice. My boss has implied we should be in office 5 days a week. He loves having an audience and can talk for two hours and not take a breathe. Meanwhile the rest of us look at all the work we need to complete. At the end of the day he... — read more
Bonus - will it be split cash vs stock
Heard rumblings that the bonus will be split based on your total comp (higher you make the more stock vs cash). And the stock is 4 years to vest. Any truth?
Up Next, OCC Step 4…
How long have we been at step 3 now?!? Since 2018 - 5 years!! I think the OCC has been more than patient with the a$$-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
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