Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc (C.N) and JPMorgan Chase & Co (JPM.N) saying they are having to pay competitively for top people. Global banks have... — read more
For those who left WF, is the grass greener?
Does anyone who has recently left regret that decision?
What kind of work do you do?
Wondering what the demographic of this forum is like. Mostly tech workers? Something else? What's your general line of work?
CFO - Napoleon Complex
There's reason why JPM is at the top! Listened to the JPM earnings call today and the new CFO was so well spoken and polished, JD basically sat back and stepped in when needed. Santo had no future at JPM due to his lack of speaking skills, business... — read more
Where are the consequences?
Many keep saying how people leaving in droves and WFC laying off the most experienced/knowledgeable staff will have severe consequences down the road, and then the earnings report shows that the bank is doing better than ever. I'm starting to think... — read more
Wells Fargo Poll: WHY ARE PEOPLE LEAVING JOBS?
There has been a lot of hoopla about the 'great resignation,' with employees leaving jobs in droves. It is all over the news, which is the main topic of many discussions in and outside of office… This is likely hyperbole, but it does seem that there... — read more
Who else is resigning?
Got an offer letter today from a tech company and will have my notice prepped for the 4th. How many others are doing the same? I wonder how this terrible morale will translate into mass resignations next month? I know a LOT of people in tech are on... — read more
I just want a decent bonus and a decent raise
So that I can put more money into my crypto account, and retire earlier. Is that too much to ask?
Analyst earnings call with chainsaw and cfo
Is Shart and baby face cfo reading this forum? Well maybe because we’ve all definitely hammered on both of their pitifully poor speaking skills. Well today both were much improved. No bumbling through prepared remarks and much more crisp answers to... — read more
When I get my performance review
I expect a little something in my stocking to pay for this inflation we've been enduring for the last 6-8 months.
Millions wasted on the Location Strategy, someone needs to be held accountable for that!
What a waste. Someone needs to be accountable for this fiasco!
Revenue tops estimates, profit jumps
That must mean we're safe from layoffs, right? No need to get rid of people when things are going great. Right? Right?
Saul: No more location strategy...
Per Saul, location strategy is finally off the table. They want to have talent regardless of location and will be adding some offices in places to attract talent.
"Needs Improvement" no longer eligible for bonus, is this true?
I do not post here much but I am asking for a coworker who's to shy to post. We're on the same team, he received a "Needs Improvement " this week for last years work for items that did not qualify, were simple misunderstandings but that's now what... — read more
Profit of 5.75B, shares repurchase of 7B
Money well spent
Promotion vs new position question
My mgr wants to promote me from NE to E sometime this qrtr. I am actively looking for another WF. Does anybody know how long you’re committed to a new position without needing a managers signature to bounce? I can’t find it online anymore. — read more
BREAKING NEWS: Supreme Court Does Not Strike Down Business’ Right to Issue Vaccine Mandates
Too bad so sad ⏳
Supreme Court Blocks Biden Vaccine Rules for Private Employers, Allows Them for Healthcare Workers
WASHINGTON—The Supreme Court on Thursday blocked the Biden administration’s Covid-19 vaccine-or-testing rules for large private employers, upending the government’s most aggressive effort to combat the pandemic in the workplace. The high court... — read more
Ex-Wells Fargo Worker Sues Over ‘Ominous’ COBRA Health Notices
https://news.bloomberglaw.com/daily-labor-report/ex-wells-fargo-worker-sues-over-ominous-cobra-health-notices This is behind a paywall, can anybody see the entire article? If you can, can you please copy/paste it as a reply? I'm interested to see... — read more
2000 dollar ACH deposited twice in checking acct
I did a $2000 transfer from another brokerage into WF checking Last week I received 2K This week I see another 2K LOL
RTO Remains on hold, according to Powell Email
There ya go. Will it still be vax or fired, though?
First day of performance reviews - whatcha get?
Tears inbound…
Eff. 1/1/2021, change in WF 401K match
Did anyone notice the message on Empower site? EFFECTIVE 1/1/2022 WF 401K contribution will now be annually on last bus. day of the year AND THE FOLLOWING (does this mean 6% match is no longer guaranteed?) New base contribution of only 1% of... — read more
For WF Employees using specialty pharmacy through WF insurance
I read but never post here but feel that those who are using specialty pharmacy through their WF plan need to hear my experience. Mine is covered by ACCREDO through WF insurance. My refill was mysteriously stopped and my doctor’s office was... — read more
Bonus
If one’s discretionary bonus payment is within a 2 week notice period for a voluntary resignation, will the employee still receive the bonus payment?
Layoffs after quarterly earnings report
What are the chances we're looking at another major round of layoffs after Friday? It wouldn't be the first time for layoffs to follow an earnings report. I know we're supposed to see some improvements, but that never stopped them before so I don't... — read more
Aren't we creating risk if Wells is trying to have Agile Teams in the same office?
I worked on a high octane team pre-Saul that was 100% remote and we leveraged everyone's location to our advantage. Some folks on the team were early risers, and some were night owls. But we were able to handoff work and support during this time so... — read more
Saul just called Covid-19 Omicron "Today's Flu" in his AMA
I should be, but I'm not surprised that WF leadership is minimizing the impact of Covid-19 omicron. It is not "today's flu".......
Soft phone is recording all coversations
If you did not already know that
Get Vaccinated or Get Fired
What are the chances that this will be the new policy in a few days?
Toxic manager
Hey everyone, need some advise. How do you deal with a toxic unsupportive manager? I used to have a good manager but unfortunately she was displaced last June. I was moved to this new manager but she has shown time to time that she doesn’t care. She... — read more
PTO Thread
Did mods delete the PTO threads? Cannot find it.
Do you see a lot of movement on LinkedIn?
I see Wells Fargo people updating profile, many are leaving as well. I see some getting ready to go back to school. There is a lot of movement on LinkedIn, I'd probably say much more than what I typically see over there. If you update you profile you... — read more
Absences ??
Call me a snowflake or whatever but does the term “absences” when referring to PAID TIME OFF bother anyone? It’s sorta like how when we’re “away” on Skype it says “inactive”. It just seems like the connotations are becoming negative for no reason. — read more
I am hoping the next CRO is a business hire
We tried with a DEI hire and things did not worked out, let's hope the next CRO is strong business person that other business people look up to... Afterall we need someone that knows what they are doing and we've proven that a weak person at the top... — read more
If everyone spoke their mind would Wells Fargo be a better company?
Or, is this even possible in a corporate environment (maybe the expectation is to keep quiet).
What's the best functioning group within WFB?
People complain about many groups, but is there a group that function well?
THE BEST YEAR IN HISTORY
Managers are saying we had the best year in history. The execs are repeating this. But nobody is compensating US for such a great achievement - afterall we are the ones who delivered such a great result... So, if we had the best year in history, who... — read more
BofA Eliminates Bounced Check Fees, Cuts Fees in General
This is a new era for all of us... https://www.cnn.com/2022/01/11/investing/bank-of-america-ovedraft-fees/index.html