Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

401K match on bonus?

I’ve worked at WF for a few years but was not bonus eligible until this year. Assuming I survive until December, should I expect to get a 6% match on the bonus I’ll receive with my Feb. 5th pay check. For example, if I earn $50K with a $10k... — read more 

WFAM Compliance layoffs coming real soon

This information comes from a HR source. WFAM Compliance is going to have layoffs real soon. Individual contributors ranked at bottom by each manager will be impacted. VP managers with less than 6 direct reports will be impacted. M.N. Made an... — read more 

Best Banking Companies to work for

https://www.vault.com/best-companies-to-work-for/banking/most-prestigious-banking-companies Wells Fargo cant be found in this list of 50; Goldman Sachs #1 Morgan Stanley #2 JP Morgan #3

I think I've found the formula

How to make 36 million: https://dilbert.com/strip/2021-02-01?utm_source=fb&utm_medium=organic-dilbert&utm_campaign=daily-engagement&_content=dilber6

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| 1185 views | | 2 replies (last February 3, 2021)
Post ID: @OP+19cdzR36

Good time to be in a hub city, I guess.

It's not the only factor, but they really seem to be pushing to get all the businesses in hub cities, if possible. I understand the logic of it, but it s—s for people that like working for WF but happen to not be in one of the... — read more 

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| 2331 views | | 4 replies (last February 1, 2021)
Post ID: @OP+19cgD0JV

A 2-hour wait time for HR Wells

For some reason the HSA contribution options aren't available on-line. And HR WELLS says I have a 2-hour wait time. After 45 minutes I hung up. That gave me plenty of time to find the chat service – which replies "I'm sorry but I didn't understand... — read more 

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| 1490 views | | 8 replies (last February 2, 2021)
Post ID: @OP+19c0KY45

Managers stealing employees ideas

Pass off as their own since they lack the skills to think for them self. Nor do they do any work only steal from others. I thought Charlie was wiping out these management layers?

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| 1220 views | | 5 replies (last February 1, 2021)
Post ID: @OP+19cvxUVR

This year is different it seems has been different for bonuses

Unlike years past, where you could be a lazy bum and get the same bonus as your co workers, this year the bonus has really been linked in some way to performance. I know 2 co workers who got a 1 and they got $0 bonus. That has got to hurt.

Question about Performance Evaluation

Is there a way for me to add comments to my own 2020 Performance Evaluation once I click the “I Acknowledge” button? Is there a place for me to add comments anywhere before acknowledging? (There have been discussions about the future use of... — read more 

LTI date

Given the market tanking, curious what date / value the LTI will be based on?

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| 2010 views | | 5 replies (last February 1, 2021)
Post ID: @OP+19aKsltY

401k balance

Worrying about job losses got me wondering how I'm doing vs others on 401k. Since I would only use as a last resort, what balance have you all had by say age 40, 45, 50?

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| 4250 views | | 33 replies (last February 2, 2021)
Post ID: @OP+19a5tVVD

CC4B Demoted Team Lead Positions

So a "majority" of the Team Lead positions under Larribas reports were "restructured." The announcement was worded like it was temporary, but from those who were actually demoted, it seems permanent along with a title demotion to regular... — read more 

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| 2260 views | | 3 replies (last February 2, 2021)
Post ID: @OP+199Xbtvo

Something you should consider

Some of the posters out here assume that everyone speaking out against Charlie is a low-performing low-paid employee who is somehow beneath them in status or performance. That is not always the case One does not have to be a low-performer to see... — read more 

Layoffs in Lending

The town hall meeting today contained the ominous words, "we are working to decision people before they even apply." They continued to talk about how they are working to further automate their processes. What does this mean for underwriters? This... — read more 

Where's my increase?

I thought were getting a cost of living increase, at least. I'm understanding the grumbling about this place.

Chainsaw Charlie At it again! Morale is shot at Wells!

Chainsaw Charlie p-ss-d of a bunch of people today. I get it, he has to trim the fat, and consolidate irrelevant confusing multiple positions at the branches. But boy I’ve never seen the morale so shot at Wells Fargo!

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| 2880 views | | 6 replies (last January 30, 2021)
Post ID: @OP+199sQgqv

Premier banker

Did anyone get a clear explanation today on the time period to promote from of premier 1 to the new premier role?

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| 1520 views | | 7 replies (last February 1, 2021)
Post ID: @OP+199ZOY9N

New Job

I left the bank recently for a senior management role at JP Morgan moving up from technical domain. Cant beat that, pay is good, got training on all the non ethical and other tactics used here, so will be ready for anything. Hope they aren't as... — read more 

Notice Period in 2021 Benefits Book

Anyone else notice it no longer says how long a notice period is when being displaced (16-8)? In 2020 the benefit book explicitly said 60 days (14-8).

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| 2350 views | | 5 replies (last January 29, 2021)
Post ID: @OP+198KrhAR

HR Survey

Is it really in their best interest to push an HR Pulse Survey right now?? I would say no...but who am i... I am someone that answered the survey honestly about management and the company overall. Getting an "Inconsistently Meets" when I have... — read more 

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| 2140 views | | 9 replies (last January 30, 2021)
Post ID: @OP+198orOC0

Simplification branch positions?

Today’s call could cave been delivered via Mac mail. Complete waste of time. I found out my new job description and was upset that my salary was in the middle range. After my conversation with my leader, I am assuming my current role and also another... — read more 

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| 2121 views | | 4 replies (last January 28, 2021)
Post ID: @OP+1983o2lW

This is ridiculous

Don't you find it insulting that 'attaboy' is the only thing we're getting these days for commendable work?

My new plan

At this point, I plan to do as little as possible. Keep smiling and nodding, while doing as little as possible. They love their yes-men, so it will take them years to figure it out if they ever do. They are too focused on themselves, and too... — read more 

Appraisal/Compensation Venting

I will probably sound somewhat negative with this post, so I apologize in advance. Over the past 8 years at WF, I have always performed or exceeded performance. A little over a year ago I accepted a new position in another area of WF to better... — read more 

Bonuses for displaced team members

I was displaced in late 2020. My manager said I was still bonus eligible for 2020. Does anyone know if displaced team members are being paid bonuses? Are managers contacting displaced team members to communicate bonus information? I am curious if... — read more 

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