I have been a part of it and each team has to have X number of employees not meeting expectations. These are the people getting laid off first. Now they are going to make sure all personal information is gone from the system or else (after we all had... — read more 

"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... — read more 

Wells Fargo’s Layoff Algorithm struck again at WFA’s Bond Dept where 8-10 traders and support staff were laid off. The algorithm looks at an individuals age plus their salary and bonus relative to their salary range. As you approach the 61- 63 age... — read more 

Is it me or is the company waaaay to fired up about these things? I'm guessing it's just a matter of time before membership in a certain # is required...

Boss told me the OC is starting to look at RTO more closely. Sent me my “scorecard” for Aug through some part of Sept. I was good, but folks this is real and happening. Boss said they are focusing on people not coming in at all and that their jobs... — read more 

https://www.forexlive.com/news/there-are-some-serious-rumours-doing-the-rounds-about-a-major-bank-failure-20221002/

Seriously are the managers just not interested or what’s going on? Have had this happen twice.

My manager keeps breathing down my neck whenever I'm at the office. He's making sure to check everything I'm doing and micromanages my every move. This is only on days we're both at the office. There's been no change to my work from home. Can... — read more 

US employers say they are expecting an increase of pay by 6 - 9% on average for 2023. Looking at the inflation, ga price, rents and overall increase in prices, my guess pay raise this year could be above 5% average. Any inputs or leaks on this... — read more 

Why is EAC contacting me, i didn't call them. Do they call when someone complains about you? Should i worry?

Tell me about a time when Wells Fargo knew what questions to ask in an interview in order to select the best candidate. Situational behavior questions are the poorest way to ask questions. It's horribly outdated. At this point in time, everyone is... — read more 

Any dr-g screening for ma------a before getting an offer? I’m in a state where it’s legal if it matters

Has anyone here ever gotten a raise during the year (aka non-annual raise) while staying in their same position? What were the circumstances or what happened?

Recently applied internal position which is one level higher than my current role, how much chance for me to actually get that job if I know the team lead which is the interviewer and other team members?

The man has stuck around longer than I care to think. Or is he expecting to stay relevant so he'll get interviewed when JD's job over at JPM becomes available?

Don't ask if there will be layoffs or which groups or teams are going to be hit. Just assume it's coming and that nothing and nobody is safe. Then act as if you know you're going to be laid off in the next few months. Prepare for it the way you would... — read more 

Even though we read about weekly scandals, good publicity/bad publicity, still keeps people talking about WF. I realized with all the internal reorgs occurring within the company, it’s executive intention to stir up the dust, and keep people talking... — read more 

If the operating group had a clue as to how much the integration process costs they would all freak out. Wells is holding the bag with complete id--ts manning the ship. Take a peek people you have uneducated sc-m destroying what’s left of a once... — read more 

If Your Quiet Quitting Is Going Well, You Might Be Getting ‘Quiet Fired’ You’ve dialed down the intensity at work, passing on late nights and extra assignments with seemingly no negative consequences. In fact, your boss appears to respect your new... — read more 

Even the three spirits cannot redeem me. Why? I look forward to layoffs. I enjoy making my supervisors lives miserable at the company. I enjoy poking holes in my company’s business continuity plan. I love getting my nice big fat biweekly... — read more 

Can we now agree that fearmongers should not be encouraged?

Just a word about the QA automation craze if I may... the big push in IT nowadays is to 'automate' testing. At an earlier job, I automated a keypunch department. Instead of the requesting company sending paper documents, I had them send a flat file... — read more 

https://www.msn.com/en-us/money/realestate/why-a-2022-housing-market-crash-could-be-worse-than-2008/ar-AA12oNCf?ocid=msedgdhp&pc=U531&cvid=bb77dbe8253f4353a32ac2b16f5a95f8

This is an update to the following previous posts https://www.thelayoff.com/t/1gE9DTMC https://www.thelayoff.com/t/1hf9rA3V (before anyone asks I'm putting in a new post so that it shows in newest so people actually see it) After more than 4 months... — read more 

Anyone’s Empower 401(k) in positive territory over the past 12 months? If so, please share your strategy. I only saw one product offering in positive territory.

Im assuming it’s a percentage of your salary and I can’t seem to get a straight answer from my boss, all I’m told is it’s very generous. But can’t get a figure or percentage and feel awkward asking again. On average with wells (7 mths with the... — read more 

Add VDI to the flaming dumpster fire that is WFC. End goal is to have employees use their own device when not in the office. Should you need help you are are SOL; very little tech can do to assist you. Sr. Leaders are Very Damn Ignorant if they... — read more 

As September ends, and judging from what has been done in the past, these dates are in mind. So any major layoffs would be done during these days. The recession affects things as further contractionary announcements can affect employment at Wells... — read more 

The writing is on the wall for me; time to go external. Some people have suggested waiting to leave until after 401k match and bonus. I have no idea how long it will take to find something, but February seems like a long time to wait. Any advice... — read more 

I've been looking for six months. I finally found something that worked perfectly for me and after a nearly month-long process that involved four separate interviews - all of which I thought went well - I finally got an offer. It's $25k under what we... — read more 

Heard it today from leadership today it’s coming….

Behind the curtain layoffs all over the firm. More outflow than inflow in business. Recession talks looming as there will be more layoffs in the coming months since business is unprofitable. Stay away.

There has been some talk about more layoffs in the Salt Lake area. These layoffs may include our technical teams on site west of the airport. It seems to be credible because of job postings for the same line of business appearing in Texas.

Moved to a new role less than 6 months ago. Not being given enough work to keep me busy. I have looked through all the training materials and other relevant sites. Asked for more work repeatedly and told there is nothing to give other than a few... — read more 

Guys, I love my office! We all work well together, never interrupt one another, enjoy catching each other stare at one another throughout the day with our low cubicles, and particularly enjoy collaborating with one another although none of us... — read more 

Plenty of other jobs out there

Former Wells Fargo workers hit the banking giant with a proposed class action claiming it violated federal benefits law by overcharging their 401(k) plan for stock options, two weeks after Wells Fargo agreed to pay $145 million following a U.S... — read more 

There has been talk about employees 40+ miles from RTO locations or non-hub locations not being able to be promoted and/or post out. Of course nothing is in writing on this and while some people in this situation have been told, others I have asked... — read more 

No. 1 most safe: Profit-making employees No. 2 most safe: HR or finance employees No. 3 most at risk: Event planning or benefits employees No. 2 most at risk: New initiative employees No. 1 most at risk: Contract workers

Is there any limitation for manager how many people you are allowed to promote annually ?