We just had an 810 credit score get quoted 8% from Wells Fargo and 10% from Ally for a CAR LOAN. Have never seen that before, 33 years of car sales experience here. Horrible times.
How long into 2023 will you RTO before going back?
We've been told that 2023 will be the year that RTO is officially tracked and enforced. It's easy to say that you'll never RTO, and maybe many of you won't. But some will feel compelled to go in starting January. So here's the question. Will you... — read more
Branch banking incentive pilot
What is this going to look like for premier bankers?
Finally seeing hiring pick up the pace
We finally had a position backfilled after waiting and praying and begging for nearly half a year to fill at least one of the three vacated positions. Is this a good sign? Does it mean that we're safe from layoffs for a while? At least until the end... — read more
A Christmas jingle dedicated to The Layoff readers, far and wide
Oh RCSA, Oh RCSA, I love your date extensions Oh RCSA, Oh RCSA I love your date extensions Risks and Controls well documented Effectiveness so fabricated Oh Tannenbaum, Oh RCSA I love your date extensions Our senior leaders quite frustrated The... — read more
Entitled Generation
I’ve noticed about half the posts on this board are people griping about not being able to work from home. Why are you all so lazy? You guys would’ve struggled to eat in the Rockefeller/Carnegie days. Stop crying and start working. Ok, now if you... — read more
How to save the company $ and make employees way happier
Would you rather have a temp office space that you could use.. Or Would you rather take 5K extra base salary and not go into the office, plus the company provides an extra 2-3K for you home office. Cubes in major metro areas and the office... — read more
Options after bad bonus
I have an anonymous question for Wells Fargo that I want to ask across the spectrum of high earners and low earners - new joiners and established respectively. What do you do if you get a bad bonus? Rather than quit or work harder, do you shirk and... — read more
I asked AI to write a poem about my experience at Wells Fargo
Trapped in my cubicle, I spend my days Working for Wells Fargo, in a never-ending daze I hear the executives talk about diversity and inclusion But it's all just a joke, an elaborate illusion They talk about promoting from within, and giving us a... — read more
Wells Fargo teaching 8000 Indian girls how to spaghetti code
Going from making spaghetti to spaghetti coding … So cool! #BankOnTech https://telanganatoday.com/wells-fargo-to-train-8000-girl-students-in-coding-in-three-years
Promotion earlier in 2022 to affect year end merit and bonus?
If you were promoted earlier in 2022, will they use that as an excuse to reduce your year end merit increase % and bonus amount?
Funny how simple solutions are ignored- RTO
Now that I am old I find it funny that the world revolves around people who make up work pretending to solve complex problems with even more complicated solutions. RTO is one of those. All I read is stuff about diversity, supporting our employees and... — read more
CEO celebrates 100,000th disgruntled worker returning to empty office
Senior management finds it highly amusing what people who actually need a job to pay their bills will do to stay employed. Also, further highlight that that they don’t actually know what employees do.
Incentive pilot overview
Anyone have any idea what this is going to be?!
Perf rating and comp when changed teams
If I changed teams in late june, does my performance from my old manager at mid year get factored into my whole review and bonus? I was consistently exceeds at mid year but in new role ever since. Does that count for nothing now?
How important is LinkedIn in job search?
Is it enough to have your info regularly updated or do recruiters also look for regular blog-type posts to show that you're active? I haven't had the need to look for a new job in well over a decade and I'm willing to admit that I'm rusty when it... — read more
Is anyone else’s team like a revolving door of people?
My team can’t seem to retain or hire qualified people. We have a few long haulers but most are gone in 1-2 years. Couple that with constant re-orgs, organizational changes and technology changes, our team is a disaster….
OCC fines former execs $18.5 million
https://www.bankingdive.com/news/occ-judge-recommends-185m-in-fines-for-3-ex-wells-fargo-execs/638340/ OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo execs The penalties, including a lifetime ban for one, are in line with what the... — read more
Next Town Hall Question
Will survey results be summarized in a graph format that shows exactly how questions were answered, and provided to employees?
Metaverse will eliminate RTO
Going physically to office is going to completely get eliminated once Metaverse is adapted. My prediction, by 2026, 95 percent of Commercial Realestate will be useless and converted to residential condos.
Like the Tin Man does Wells Fargo suddenly have a heart?
Thursday, no layoffs because of the start of the holiday season? Nah
How would you change Town Hall format and content.
What'd you do differently? I am asking Risk people as we had one today but I know other groups are complainging about it too (I am talking to you IT)...
Training Opportunity
If people can't collaborate virtually, then training needs to happen. I have been in many different roles at Wells Fargo. I can't think of a single one that would have had a better outcome if people were together in person versus communicating... — read more
risk townhall
DF came right out and said within risk rto of 3 days will be enforced in 2023 and failure to comply will effect perf and comp.
Corporate Risk Town Hall
"Some of you love coming into the office daily, and some don't like coming in at all. We have created flexibility to come in 3 days a week. In risk, coming in 3 days a week will be tracked and monitored. In 2023 it's time to come back to office. If... — read more
This SHEETHOLE can't do anything right
Received an email about bonuses for next year, item 3 says look in Workday, click on compensation then the plan name will be displayed in the plan assignment section. Hey id--ts in HR: 1: There is no top level COMPENSATION item in Workday, there is... — read more
Gift card phishing exercise
After failing for two years to even come close to inflation with raises, while straining many families’ budgets with RTO and associated expenses, teasing us with a holiday gift card as a phishing exercise is quite an awkward blunder. It’s about as... — read more
We're Better Together, but...
The cheesy RTO slogan of 'we're better together' is weird. It's basically: "We're better together, but no one knows the difference unless a report is run." If we're really better together, it should be obvious on its face. A report shouldn't have... — read more
Wells Fargo ESOP Settlement
Got an email this evening about a payout by the end of year. No real details
January layoffs?
It seems like a mass layoff is expected at the beginning of every month now but I was wondering if anyone had heard anything regarding the upcoming layoffs
Your location is in use
I’ve been seeing this icon more and more lately. Maybe there is some truth to tracking attendance by network activity… which begs a few questions: Do they not have anything better to do than track our every move? Shouldn’t our leadership care... — read more
Incentive/ bonus payout date?
Anyone get a date yet for the incentive/bonus payout? I heard an email went out today from HR to those whose role qualifies for one.
Wells Fargo is so unsupportive
I swear, this is the shittiest, most unsupportive company I've ever worked for. I can't leave here fast enough. Can you imagine working on a team where your leaders think you are going to fu-k up and not get the job done. Can you imagine having a... — read more
Brian Moynihan said he’d never lay his people off at the holidays
BofA CEO Moynihan vowed in a speech Tuesday that BofA would avoid layoffs and he would instead, “reshape our headcount” — a strategy that involves freezing most hirings and the usual pace of employee attrition run its course. I wonder if he got... — read more
Super rude to come to office while sick
Today I am working in one of the Connections spaces where people from various teams come to work. This guy is sitting here coughing loudly and blowing his nose constantly at his desk. It’s hard to believe that someone could be this oblivious to how... — read more
Empower 401k email - forced app download
I just got the email from Empower, yet when I go to click the link to ‘Take a look at my personal investment’ it forces me to download the app and does not allow me to just use the web browser. I refuse to download an app just to look at my account... — read more
How long can THIS continue?
I finish my daily work in about 45 minutes. I timed it today. That includes turning off the alarm clock, crawling out of bed, getting dressed, taking the dog out, turning on the coffee maker, and starting my laptops (one for work and the other for... — read more
401K match pay date
Can someone remind me of when WF pays out the 401K match? Don’t want to lose it, so planning my notice day accordingly.
Virtual Holiday Party
Our manager scheduled a virtual holiday party for next week! Does anyone know how that works? Are we supposed to buy our own beer and do a watch each other drink ?