What will the plight be for the employees who receive (the forced rating of) 2 for the performance evaluation? During the past year's review, I received a very good evaluation. Suddenly, during the mid-year review, my manager morphed into someone... — read more
Janet Yellen, Fed official who put the Asset Cap on WFC, will be our next Treas. Sec.
This could get interesting for WF
Comp Communication?
Anyone have any insight into when we might find out our compensation and bonus information this year given that the timeline was moved up? Just wondering if I'll get to spend my (reduced) bonus early this year!
CEO email
Gotta love the CEO email this morning; As a company we will be working this holiday season to say thank you and shine a light on those at the heart of our communities. Then you read all the stuff in the email and it basically says we are donating... — read more
Relief
Displaced last week and honestly I am feeling relieved. After 20+ years with Wells, I am so disappointed at what has become of it. I used to brag about what a great company it was. Many mergers were handled well but then standards went out the... — read more
Cost cutting - Who gets let go first, Contractors or Employees?
During cost cutting, who gets let go first ? Contractors Employees at the company less than 1 year Employees at the company more than 5 years Employees at the company more than 10 year
No complaints, but...
I work in middle market banking and I can say I love it. I started here in the analyst program, went to credit training in SF, and worked in credit and banker roles. I have been here for 16 years, make a good salary, good bonus, deferred comp, and my... — read more
Wells Fargo Layoffs 2021
Have you heard anything about potential Wells Fargo Layoffs 2021? Any news or rumors?
call center layoffs?
does anyone have any info?
How does LTI work?
Does anyone know how the LTI works? This is in addition to target your target bonus right? I know I am eligible this year but have no idea what to expect. I’ve heard rumors of past LTIs being restricted stock options and then I’ve also heard it is... — read more
WFA News?
Can anyone confirm the recent information that Wells Fargo Advisors is planning to sell its “Disaster Recovery Center” located in West St. Louis County in early 2021. And that up to 25% of its St. Louis workforce will be returning to its campus by... — read more
I’ve worked at 3 Financial Firms
AG Edwards: Honest, management and leaders were accountable and expected to be experts in their field, beloved CEO, they put the customers first, respected their employees, and ran a tight ship. We all worked together towards the same goals. It was... — read more
Who is invited to participate in deferred compensation?
Simple question if anyone knows
Stack Ranking Employees during annual review process
Can someone explain how the stack ranking process worked as part of the year end review process. Did each manager have to rank someone on the bottom and are those people being laid off?
New Position
Got a new role finally! Will put in my 2 weeks this week. This place is more than toxic, clear place is in a fire sale. Manager of our group pushing people out, little do they know after they succeed in this they will be canned to. In any case, no... — read more
Layoffs “En Masse”?
Layoffs en masse appears to be more of a fizzle than a boom. The big 11/17 layoff date has come and gone yet there seems to be no large layoffs, just a small number of targeted business lines, a few spans and layers and individuals. I have yet to... — read more
Remote work laptop just received a popup, someone trying to remote access into it
Why would this happen? I didn't recognize the name so I clicked no.
Bonus Pool Funding
Has anyone heard level of funding for bonus pool this year? When will that decision be made? Asking specific to Wells Fargo Advisors.
Walter Dolhare leaving Q1 2021
Per Jon Weiss ... Walter Dolhare is the head of CIB Capital Markets and President of WFS LLC
Base salary changed
As part of spans and layers my base salary was adjusted and my manager has no explanation. Is that legal and justified?
Things are piling up
Lawyers Witness Explosion of Divorce Filings During COVID-19 While waves of layoffs and lackluster revenues in certain industries are in the news, COVID-19 has had a less-discussed but equally significant impact on... — read more
Gaffe in a SVB 2-down AMA.
There was an AMA for one of Saul's 2-down reports and the person unintentionally let the cat out of the bag. When asked if the goal of a horizontal approach to outcomes was the standardization of practices, the response was essentially they don't... — read more
Next date?
Somebody mentioned December 3, has this been confirmed?
Golden spoke
Will golden spoke continue? When is the nomination period? What is the reward?
Side businesses while employed at Wells Fargo
It’s pretty clear that not everyone at Wells works full time despite being paid full time. That’s not new and has been going on for years. What are the most interesting side gigs you are aware of employees running while “working” from home? I will... — read more
Taking personal belongings home if you got laid of
For those of us who wfh since March would Wells allow us to come in and take our stuffs home?
Is there a rule here not to name and attack people below EVP?
Especially racist attacks ... but if I’m ever referring to a 2 or 3 down from Charlie, I just use their first name or their initials and only if absolutely needed. If you work here you know who I’m talking about, but otherwise that person won’t be... — read more
What happened to CP&D
We were told comp opened today yet I am hearing crickets - I asked my manager and they heard nothing either. I mean the leaders came up with the dates and did not make their own deadline and didn't even send out an email to let us know the... — read more
Reply with a name of your group
I want to see if we can get a collection of group names - Google will pick up this message and then more people can find this thread when they search for the name of the group and 'layoffs' Here is 36 on the list already: Accounting ... — read more
Branch Chaos
Too worried about being like their peers instead of being a leader in the industry. Monkey see monkey do. Charlie & Co aren't bringing anything innovative to the industry just follow the leader mentality. There's a reason Berkshire is reducing its... — read more
Job grades / titles
Can someone share the job grade / title structure at WF? I believe the direct reports are all senior EVPs, but how do things go below that? Are there multiple job grades with the same title? Ie four levels of VPs or SVPs? Any info appreciated.