Q2 and Q3. Very very difficult to stay motivated with possible layoffs hanging over my head.
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!
Bonus
Does anyone know when your manager will disclose how much bonus you will receive?
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.
How is everyone getting a hard copy of their Performance Review?
With Covid and the restrictions around going into the office, how is everyone getting a copy of their Performance Review for your own personal file? Are you just asking your Manager to go into the office? Can WF deny us a way of getting a hard... — read more
Service Managers
Any SMs worried about the position being eliminated?
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
Official CEO Live Chat
Get your chat on
Yea me. I received a three.
Still am not going to trust them though.
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
How can I force a severance?
After bonus hits.
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?
When’s the next round?
February?
What were the characteristics of the worse team that you ever worked for here?
How did you handle it before you got out?
Wells Fargo is the #1 Bank Holding Company with the Most Employees
https://www.americanbanker.com/data/bank-holding-companies-with-the-most-employees-sep-30-2020 Just sad we're all getting laid off and or replaced by Indians. I guess the gov't doesn't care about us.
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
How many people at the bank in the USA lose their job because of the consent order?
What would be a good estimate?
When do Wells Fargo employees get their W2s this year?
I was laid off in October.
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
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
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
sip of my coffee at the same time
SVB can you fkin stop saying that ?
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
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
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
Next big layoff date?
Anyone hearing when the next rounds of bigger cuts will be?
WF Selected Efficiency Initiatives Revealed
Go to page 17 it lays out a pie chart of areas for cuts. 35% of the 8Bil goal will be accomplished through “Organizational Structure Optimization” aka layoffs. Thoughts?... — read more
Wells Fargo Stock price down over 7 percent on bad revenue and earnings
What does the earnings report tell you? Bad times are not over. More layoffs? But also need revenue growth to get out of this hole.
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