Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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 

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| 3520 views | | 9 replies (last November 24, 2020)
Post ID: @OP+184mLH3R

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 

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| 3350 views | | 10 replies (last November 29, 2020)
Post ID: @OP+184bJtKn

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 

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| 2720 views | | 9 replies (last November 23, 2020)
Post ID: @OP+184hCR66

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 

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| 3480 views | | 8 replies (last November 23, 2020)
Post ID: @OP+183Y7p9Y

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 

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| 1900 views | | 5 replies (last November 22, 2020)
Post ID: @OP+183m80q5

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 

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 

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| 2250 views | | 9 replies (last November 22, 2020)
Post ID: @OP+182jKhAI

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 

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.

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 

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| 1610 views | | 7 replies (last November 25, 2020)
Post ID: @OP+181xI8Xn

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 

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 

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| 1880 views | | 3 replies (last November 18, 2020)
Post ID: @OP+17ZCcI4x

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.

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