Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Next tech layoffs

Q2 and Q3. Very very difficult to stay motivated with possible layoffs hanging over my head.

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| 1681 views | | 3 replies (last January 22, 2021)
Post ID: @OP+192Wt87j

india benefits vs usa benefits at wells

India: Free healthcare for you, spouse, children and parents Wide selection of subsidized (almost all free) online courses not available in usa Free life insurance policy More holiday time off International cultural coaching training onsite... — read more 

Potential promotion

If someone receives a promotion that comes with bonus eligibility during year end compensation time, would they have to wait until next year to receive any bonus? Or will they get one this year? Thanks!

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| 1430 views | | 5 replies (last January 22, 2021)
Post ID: @OP+192tLK1H

Bonus

Does anyone know when your manager will disclose how much bonus you will receive?

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| 2360 views | | 8 replies (last January 26, 2021)
Post ID: @OP+1924HSph

Refusal to acknowledge performance Review?

What happens if you refuse to acknowledge your PR? Who gives a sh*ti if you are not getting a raise or bonus while performing?? So ridiculous.. Don’t waste your time and focus on not being an inept manager.

Anyone knows Bonus Pool information

Is Bonus Pool in and anyone knows what we getting? Only need to know percent of last year good is higher not so much if lower. Please share us the information. Only if really knows please.

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| 1731 views | | 3 replies (last January 22, 2021)
Post ID: @OP+192MooGF

Disappointing review, but expected.

Been an exceeds for years, now back down to meets under the current guidelines, even though 5 of my 9 criteria were rated exceeds while only 4 were rated meets. Can't really complain. The big project I was working on has ended and our normal... — read more 

Why bother?

Is there a reason to do anything beyond bare minimum currently at Wells Fargo? I personally don't see it. Benefits are getting cut, promotions are based on nepotism and cronyism instead of merit, we are all well aware that there is no such thing as... — read more 

Feeling concerned. (Already was) I Received an email today, To my Wells Fargo email address. Regarding on how to update my RéDoem praying this was sent to all the folks. . Not just myself. Any One else get one?

Performance Reviews

It was my understanding review discussions were to begin 01/19, but I haven’t heard anything. Have reviews started for anyone else?

Personal Leave Question

If you take a personal leave, they don't have to guarantee that you have a job when you come back. So, the question is, if they don't have a job, for you, when you come back, are you terminated without salary continuation or are you eligible for... — read more 

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| 1610 views | | 2 replies (last January 20, 2021)
Post ID: @OP+190zPjOr

Investment Banking

I’m not saying it can’t happen, but the plan to bulk up Investment Banking feels like a pipe dream. We’ve never been known to be a player in that market. There are too many other firms, that already have the prestigious reputation in that segment... — read more 

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| 1550 views | | 8 replies (last February 9, 2021)
Post ID: @OP+18ZxRHD1

Back to office plans

Anyone else notice the covid vaccine was listed as one of the ways they're planning to achieve forcing us all back in the office? If not, check out the recent flurries of emails Friday... it's there, right along with having to claim your back to... — read more 

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| 2900 views | | 8 replies (last January 21, 2021)
Post ID: @OP+18Zcd97j

Bonus Pool & Funding

What is the latest on the bonus pool & funding considering it will be communicated by next week. Obviously will be different across different LOBs but any indication of what has been approved yet as % of target?

SVB AMA Jan 19

Happy New Year to all of you. Remain safe and healthy at this point in time. Long weekend. Thanks to teams involved in relaunch of PPP (COVID related stuff). 1300 loan applications in. Thank you for helping the economy in the US. 2001 (he meant... — read more 

Headcount?

Anyone have a current headcount? Last number I heard was 260,000 but that was a few months back. With all of the "massive layoffs" that I have been reading about on this board, I figure that there would be a new, lower number now.

Job Market is Horrible Right Now!

Let me share my story and would welcome advice from any of you. I am 50 years old with a background in risk, compliance and audit. I have been searching for a new job and I am getting nowhere. I updated my LinkedIn profile and resume to align with... — read more 

WFHM Fullfillment Remote deployment, REPEALED?

So six months ago it was announced that because of fullfillment’s quality and efficiency increasing that we’re all deployed remotely, should we choose even post Covid Last all hands call with new senior leadership same question was asked, it’s... — read more 

What went wrong?

https://www.nasdaq.com/articles/can-wells-fargo-bounce-back-in-2021-2021-01-11

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| 2660 views | | 8 replies (last January 19, 2021)
Post ID: @OP+18WysjG8

4th Quarter, 2020 Earnings Call Transcript.

https://www.google.com/amp/s/www.fool.com/amp/earnings/call-transcripts/2021/01/15/wells-fargo-wfc-q4-2020-earnings-call-transcript/ Who read the entire transcript? So apparently we are now called “Partners”? After WF reported earnings and after... — read more 

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| 1940 views | | 4 replies (last January 19, 2021)
Post ID: @OP+18W1YyMx

WF kicking out international clients

https://www.fundssociety.com/en/wells-fargos-wealth-investment-management-is-exiting-its-international-segment 300+ advisors will need to find a new home. Financial Advisors are in Californiaa, Texas, Miami, and NYC. I saw somewhere that the... — read more 

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| 1920 views | | 4 replies (last January 17, 2021)
Post ID: @OP+18Wb5tTy

Wells Fargo pledges $8bn in cost cuts

Thoughts? Here’s the article link but in case a paywall pops up here’s the content below: https://www.ft.com/content/0df637b6-9a1f-45bf-ac65-598418da28a8 Wells Fargo said on Friday it could cut $8bn from its cost base over the next three to... — read more 

Shared Success

Anybody else get the sneaky "shared success" email this week that was actually a solicitation to "Redeem your safety kit now". Within the message were instructions stating that "once you recieve your kit, please set it aside until you return to... — read more 

Layoffs coming

Recently, risk management has been preparing paperwork to let a ton of people go. Get ready End of Jan/Feb/March 2021

During earnings tomorrow...

Will CS: announce more layoffs? announce sale of WFAM? address the insurrection/impeachment? cause our share price to rise/drop? announce NYC as new headquarters? set new efficiency ratio goal? mention slow rate of layoffs were... — read more 

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| 2290 views | | 7 replies (last January 17, 2021)
Post ID: @OP+18VeMfUP

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