Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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 

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| 2300 views | | 9 replies (last January 15, 2022)
Post ID: @OP+1eOPW5LY

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 

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 

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| 1662 views | | 3 replies (last January 15, 2022)
Post ID: @OP+1eOGI1Th

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.

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 

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 

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 

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.

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| 1152 views | | 1 reply (January 11, 2022)
Post ID: @OP+1eKiQY8j

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 

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| 1680 views | | 7 replies (last January 12, 2022)
Post ID: @OP+1eK5KhuQ

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 

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 

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| 1510 views | | 8 replies (last January 13, 2022)
Post ID: @OP+1eKbOg15

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