I know RTO posts are so rare that I thought I'd bring it up again. :) Kids are on xmas break. It's blizzarding and -50 degree windchill. Office is 25 miles away and I guarantee it's near 100% vacant this week anyway.....so I didn't go in at all... — read more
Lizard Wins, Shareholders should demand a sell off
Think of the unlocked potential if they simply cut 230,000 headcount, got rid of the political $4 billion dollar bribes to the like of Lizard and her unregulated CFPB SS Deep State, stop paying Charlie and friends hundreds of millions, got rid 20... — read more
Is fully remote work putting us at risk?
I hate even the idea of RTO after I've had a prolonged taste of WFH. I have made a few appearances at the office since hybrid was instituted but I stopped when I saw I was one of the rare to even bother. I do sometimes worry if doing my job fully... — read more
New policy: work on Weekdays?
Why is this being wired now? Netflix is not going to be able to watch itself!!!
Do People on long leave during December get 401k
Hi People who go on extended leave get 401k match.? Say.. A goes on approved unpaid leave for 3 months (including December). does A get 401k match on Dec .? Thank you in advance.
RTO: Attendance and Monitoring Question
How will Wells Fargo monitor and report our attendance to leadership. Who works in the department assigned to monitoring RTO? How will it work? How often will they report our attendance? If we do not go into office will they immediately terminate... — read more
Job posting compensation range
Is the salary range on job postings base salary or total compensation? The salary range already has over 150,000 dollar difference so hard to tell if it’s included or not. Thank you. (I know this was asked in past my apologies for not finding it but... — read more
How many layoffs equals $3.7B?
I don't doubt for a second that one of the ways to make up for the losses will be through layoffs and forced attrition (dumping too much work on people to see them quit). The only question is when it will start and how bad it will get. We are looking... — read more
Are they still giving out VP / SVP
I know they are meaningless titles but they are giving it to new hires as part of their hiring. I remember year ago they just said they would address it in the future but never saw anything
If leadership really cared about the business….
About 7 years ago my wife’s company (Fortune 500, top 50) sold their real estate and terminated their commercial lease contracts and went 100% work from home, and since, they now get more production and lower turnover than they did with offices. It... — read more
This is why they want us back in office’: Remote worker sleeps during workday
https://flip.it/dABZ6f
400 Bad Request
Alright tech people - what’s going on here? Do any of you work or do you just whine constantly about RTO? It is absolutely insane I keep getting this error when trying to do anything in branch portal and I am sick of wasting time having to... — read more
You should not keep any of your money in this criminal enterprise. Pathetic interest rates.
Aside from the fact that this bank is run by thieves and criminals, WF high yield savings accounts are paying absolute trash compared to other FDIC institutions. Must have 1m to get 1.98%. Seriously? Balance Standard Interest Rate Annual Percentage... — read more
Kristy dancing the holidays away...poor taste
Does anyone else agree with me that the head of home lending making light of the holidays when this year has been so brutal to the mortgage industry and as just last week proves how many of our fellow team members lost their jobs this year? The rest... — read more
Punished for being competent
My responsibilities keep increasing because I’m one of the only ones left who knows how to do the job well due to layoffs/high turnover/offshoring but I’m not getting anything in return. Bonuses in our group keep getting reduced and my promotion... — read more
Discretionary contribution to 401k
I read that Wells may give a discretionary contribution to your 401k up to 4% if you make less thank $150k. Has anyone received this discretionary contribution? If so, what % did you receive and when did it pay out?
Contract RCSA roles - thoughts?
Keep getting calls for contract roles related to RCSA, thoughts?
Consumer Technology
I guess all that globetrotting and cheerleading for Saul by TK , she forgot to take care of the Consumer Technology that helped lead to the $3.7B fine. That’s some big ole Boomerang. Need to do some house cleaning in Consumer Technology . WF just... — read more
same info
just reviewed the BofA layoff site. Same complaints. So if you think grass is greener, good luck
Wells Fargo has been fined more than 22B since 2000
Let's see if we can things rolling with more fines in 2023. https://violationtracker.goodjobsfirst.org/parent/wells-fargo
San Leandro,CA location
Does anyone go into this office? Want to know if I will see some faces if I go there or will it be the same like many other locations.
RTO - Required 3 days a week starting Jan
Just heard at least for CTO. If I get this new gig I'm in the running for, they can F off with 2 weeks notice if they require 3 days in the office.
Zoom out, pay attention
CS took this job knowing it was going to take time to clean up the org. Fines were inevitable, it was just a matter of time. The board expected this, not a reflection of Charlie. Wake up
Just another few billion in fines..
There goes another $3.7 Billion to CFPB. I thought all the know it all hot shots Chuckie was hiring from JPM would get it all turned around!?? I feel duped. Shareholders getting hosed. Why they don't just close the bank down by now is beyond me... — read more
Are you kidding me...why cant wf get its act together
Wells Fargo fined $1.7 billion for ‘illegal activity’ including unjust foreclosures, vehicle repossessions https://www.cnn.com/2022/12/20/investing/wells-fargo-cfpb-foreclosure-fine/index.html
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
https://www.cnbc.com/2022/12/20/wells-fargo-agrees-to-3point7-billion-settlement-with-cfpb-over-consumer-abuses.html Will this prompt bank for more layoff due to $3.7B settlement? Will it impact bonuses / hiring for next year? Does it indicate... — read more
How long before 99% of branches are closed?
A few will remain as relics of the past, but within five to ten years, the overwhelming majority of Wells Fargo branches will be closed. There is simply no point to them anymore. The people who are using them are short for this world. Nobody younger... — read more
1 in 3 US employees anxious about layoffs
The nation is going anxious. https://www.cnbc.com/2022/12/19/roughly-1-in-3-workers-is-worried-about-a-layoff.html
Received my 401k settlement check - drawn on US Bank
$100 for four years on the plan. And on a check cut from a US bank account ! Thanks for being very sensible. This money will come to me in full.
EngIn
Who has details on the complete failure EngIn has turned out to be? It seems like every time WF has a big initiative that is going to solve our problems and make work easier and make us more efficient it ends up being a ruse.
Just doing the bare minimum
I’ve found that working hard here absolutely doesn’t pay off anymore. Bonus targets always seem to be cut, promotions are almost impossible to come by, and raises don’t even keep up with the rate of inflation. I was always a high performer and got... — read more
I'd be okay with RTO if they gave me a pay raise
It's really that simple for me. Pay me for the extra hours I'll be wasting in commute, pay me for the gas, pay me for other unnecessary expenses I'll be having, and I'll be happy to return to the office. And don't tell me I am already paid for that... — read more
REVs Clown Hall
Are we expecting any real info? Answers to tough questions? NAH. Happy holidays and good cheer. Pink slips, well other that Mrs Lincoln, how was the play?
Retaliation as part of Wells Fargo culture?
I have seen a few posts about made up ratings by managers who are forced to fill a quota of poor ratings and that HR is only there to serve managers and not employees. Does Wells Fargo have a retaliation problem. Are you called out as problem... — read more
RTO -Assigned to a local branch
I noticed few members on my broader team assigned to a local branch inspite of multiple office location in the 40 mile vicinity. Can you actually go into a branch and work form there? I don't want to do a 1hr commune to my office location when there... — read more
Where is the survery results? Any guesses?
We are approaching end of 2022 and was wondering when will the survey results be out. It is taking a long time to massage the results, I guess!!
Wells Fargo branch-closing initiative continues with 10 more nationwide
Wells Fargo & Co.'s branch-closing strategy continued with an additional 10 — though none in North Carolina — in its latest filing to federal regulator U.S. Office of the Comptroller of the Currency. The reports typically are posted on... — read more
SVB giving out WFH exceptions like candy
I keep hearing about all the exceptions to RTO. A colleague said SVB is giving out WFH arrangements like candy. He's worried it will be difficult to recruit, otherwise. All the exceptions are infuriating. Back office workers should all be treated... — read more
I like to point out the facts occasionally….
Charlie joined WFC on October 21, 2019 Wells Fargo stock price on Oct 21, 2019 = 50.50 Wells Fargo stock price today = 41.19 🔻 DJIA on Oct, 21, 2019 = 26,747 DJIA today = 32,920 📈 The results after 3 years of Charlie as CEO: The DJIA is... — read more
Lumpsum payment after you turn in new employment notification form
How long it took to get your Lumpsum payment after you turn in new employment notification form? Did you get Lumpsum payment along with regular paycheck?