A customer came in today and gave me a plate of cookies to share. I was kind of shocked, never happened before to me. I used to go to the gym and be way more optimistic on life, last year was horrible gained weight etc... Anyway it sparked... — read more
Final day of Salary Continuation
1/14 is final day of 52 week SC. Could not have come at a better time. A year of no WFA pressure and no worry about Covid from coming to work. Now on to retirement and best wishes to those left at WFA. Hope Chuck sells you to someone soon before all... — read more
What if you disagree with raise?
2020 was my first year at Wells Fargo. I can’t find the answer to my question in Teamworks. When do I have an opportunity to negotiate my raise in a typical year? My manager is making it sound like it’s dictated to me in a few weeks but that can’t be... — read more
Minimum Severance
Hey everyone I’m newer at WF and lots of changes obviously. Does anyone know what the minimum severance is even for an employee less than 1 year of service?
When are non-sales bonuses announced?
2/5 is coming up and our team hasn't heard anything. Does Wells wait til the last minute, or does everyone getting a bonus already know by now?
Wells Fargo to unveil cost cutting plan on Friday
https://seekingalpha.com/news/3651482-wells-fargo-set-to-unveil-cost-cutting-plan?utm_source=news.google.com&utm_medium=referral
Has anyone read and digested all of the new HR Policy updates?
Has anyone read and digested all of the new HR Policy updates...like only a 45 day non-working notice vs 60 days previously? Are there other biggies?
So .. Stock Price Going Up ... !
Hoping it keeps on going up and one day - one day my friends is higher than JPMC
What’s everyone whining about today??
Most of the commentary on this site is hilarious. Add in the fact that there are non-WF people posting and commenting, others come just to stoke fear and see if they can start rumors, and then the media actually reading and writing articles based on... — read more
Bonus policy vs. Resignation
Looking for help here - tried to find on my own via teamworks but no luck. I am strongly considering a job offer outside of WF and expect the offer in the next 24-48 hours. That being said, a two week notice would bring my last day into first week of... — read more
Service Managers
Pretty sure SVM1 role is gonna look a lot different come Thursday 1/21. Probably being demoted to lead. Thoughts?
Are you ready for your year end review?
I hate these things. Anyone can say something negative and give you an unfair rating.
New 401k plan and Mega backdoor Roth IRA
Does anyone know if empower allows us to do the mega backdoor Roth contribution? www.thinkadvisor.com/2020/06/29/the-mega-backdoor-roth-explained/%3famp=1
Minnesota
Site is being sold. Most will work remotely going forward until they leave.
Town Hall Notes
(Skip to the end for Q&A. Audience was mostly Tech) Elevator music. Operator says meeting will begin shortly. A different operator talks about support. Hard to understand his accent. Meeting starts 10 minutes late. Happy New Year. Can... — read more
Office of Consumer Practices
Now we have another new organization where we will see a lot of high priced leaders added as they are cutting everyone else, just for the purpose of good optics without any substance.
Empower
Check out reviews for our new 401k administrator Empower, they are horrendous particularly on yelp of all places. They are legit but they also are incompetent in handling customer requests. I plan on rolling my money out of there as soon as possible... — read more
Salary Continuation Pay Plan
Just noticed today (1/12) that the handy dandy chart that used to show how many weeks severance you'd receive has vanished. And on the POLICY LIBRARY, there is no chart. There IS a place to click and get to where it SHOULD be, but AMAZINGLY it's... — read more
1-12-21 layoff thread
here we go. post away!
Manager Pitting San Francisco vs. Charlotte
I have a manager in SF that has dozens of directs and has been giving "inconsistently meets" to team members in Charlotte. These team members had either "meets" or "exceeds" ratings over the past 2 years. This reflects a belief that San Francisco... — read more
Anyone get re-hired back to Wells Fargo (not STAR nor Contract) after displacement
Are there any displaced employees that have been re-hired back from the company to join another group within the bank?
No more 60 day notice period
I was looking at the 2021 employee handbook changes. It looks like Wells Fargo cut the 60 day notice period to all future displaced employees. Any chance I’m misreading or misunderstanding the edits?
401k Conversion - When will we be able to see our new balances
I recently retired (12/31) from WFC and know that we have been in the middle of a conversion to a new 401k plan administrator. My impression was that we would be able to see our current balances starting today. When I signed in to my online banking I... — read more
Would You Join WF As A New Hire At This Time?
Would you leave your current company to join WF if it meant a solid pay raise? What’s the culture like at WF? Is there anything positive going on there? I know it’s hard with uncertainty and layoffs but genuinely curious before I make what could be... — read more
Information Security Officers in Divisions Should Laid Off
The division ISOs are pretty useless many of them were recruited without security backgrounds and I knew some who were demoted into an ISO role or even hired with criminal records. I understand they're all under Corporate Risk under Mandy Norton... — read more
Name the least compitnent department.
Name a department or upvote for one listed in the responses below. I'll begin: Consumer Bank Group (CBG)
Any layoffs in 2021?
Hello WF peeps, do you have any insight on how many layoffs in 2021 so far?
reply all
I love how when a large group of people accidentally get an email the number of people that reply all and tell everyone to stop replying all. Common sense folks. Perhaps they should be the ones on the chopping block. Now time to go delete the 200+... — read more
Interesting discussion about Wells future
“ Wells Fargo has $25 billion in excess capital right now because they're not allowed to do anything with it. They're also limited in how much dividends they could pay this year. If you remember, Wells Fargo was the only one of the big four that was... — read more
Complaints complaints complaints
It feels like Wells has lost the plot again. Now the new obsession is nps and COMPLAINTS. How many complaints did you log today? Why did you not log more complaints? Do they deliberately want you to fail?? I’ve seen this movie before and I DON’T like... — read more
FedEx package arriving 01/13
I received notification from FedEx that I have a package arriving 01/13. FedEx states it weighs 2lbs. Could this be the WF layoff package? Package is coming from WI. Thinking it may be Covid supply stuff.
Does the severance package / salary continuation include a non-compete?
Does the severance package include a non-compete? If so, how long is it?
Posts with names?
How come some posts with names are allowed like the "Jimbo McHale" one has been up for days and then some posts are removed - I saw one the other day with a specific HR party named and that was removed.
What Happens to our 401k Gains during this transition???
My 401k would be making money right now. But with it inaccessible during the "transition", what happens...? Do they cash out our 401k's and then move them "as cash", or what? Are we just SOL on any gains that happen during this time? ... — read more
Making change happen (risk course)
For those who are in risk roles and need some levity, go to develop you and take t he required course in “making change happen”. I’d really like to know how much wf paid for this course. I’m sure it wasn’t cheap and goes to show how dumb leadership... — read more
Looks like we're making some progress
https://www.americanbanker.com/news/wells-fargo-released-from-one-enforcement-order-still-has-10-to-go One down 10 to go.
Ask every large meeting about long term strategy
Hey all - if you all are concerned as much as I am about if the board is looking to piece out Wells Fargo and sell it entirely please start bombarding them anonymously with questions about their long term 3-5 to even 8 year strategy in all of the... — read more