Did anyone else receive a survey in technology regarding management and communication? Is this their way of letting people go?

I was part of a senior leadership call on Corporate Risk and as an additional push for attrition there will be a third party validation of education and certifications across multiple groups starting with Corp Risk. Buckle up people.

I don’t know why Charlie hasn’t looked more closely at some of the salary bloat in Risk/Compliance. There are many $200k++ salaries for managers who do next to nothing. And why does Nick P. still have a job when recent audit finding show FCRM has... — read more 

https://hbr.org/2009/06/after-layoffs-help-survivors-be-more-effective#:~:text=Layoffs%20tend%20to%20increase%20employees,poorer%20job%20and%20company%20performance. After Layoffs, Help Survivors Be More Effective If your firm has downsized... — read more 

What Motivates You to Work? - Entrepreneurwww.entrepreneur.com › article What motivates a good employee? Five key factors that will motivate your employees more than money Feeling a sense of meaning and purpose in their work. Working in a... — read more 

FOR EDUCATIONAL PURPOSES Published 9:02 PM ET Mon, 15 Sept 2008 WHERE: CNBC'S "MAD MONEY W/JIM CRAMER" CRAMER: I think Bob Steele's the one guy I trust to turn this bank around, which is why I've told you on weakness to buy Wachovia... — read more 

Just saw this.... “Overpaid Executive Tax” in SF hits firms that pay CEOs 100X more than workers. For purposes of the tax, compensation includes wages, salaries, commissions, bonuses, and property including stock options, as well as... — read more 

For everyone stating CS is doing a great job, all banks have suffered huge losses: https://www.cnn.com/2020/10/14/business/wells-fargo-bank-earnings/index.html Citigroup - down 35% BOA - down 16% JPM - up 4% CS is not improving WF, he's... — read more 

There is a posting designed to expand outsourcing testing jobs to India and Philippines. Anyone have insight?

If WF stock tanks, will we lose the money we have in the Wells Fargo ESOP?

Employees are doing the dividing part themselves. Just look at this place... Can't even be united on a layoffs board...

I’m not trying to be mean or insensitive but I took a break from this site and now that I’m back, I realize nobody knows anything. It’s just a bunch of speculation and fear p**n. The economy is bad, we’ve been dealing with the pandemic and wells... — read more 

Now that dust has settled on reorg, the staff reductions are being determined with " how low can we go" focus.

11/17/2020

My manager had me turn in my yr end evaluation in early October...but I still haven't had my one-on-one with my manager about my yr end performance review I'm wondering is any of the extra work or lack of work I'm doing in November and December... — read more 

https://www.msn.com/en-us/money/companies/47-ceos-taking-pay-cuts-to-help-their-companies-survive-the-coronavirus/ss-BB1aJfjF?li=BBnbfcN#image=37

Had a team meeting recently and our boss informed us that Charlie's Operations team is pushing to remove work-from-home as soon as possible and beginning to micro manage more than previously

Is this were they send Control team to die?

Based on most comments, I would assume Wells Fargo falls into the "CEO makes over 300 times average worker salary" bucket! https://apnews.com/article/san-francisco-approves-taxes-on-ceos-9dbf9e764220830dcfabeed96b45a63d

anyone know if EEOC complaints about age/gender bias include contractors? I have a lifer manager who only hires contractors of the same gender and age group. its blatantly obvious including the preferential treatment the contractors receive. seems... — read more 

From a socialist or income equality standpoint, Charlie Scharf may be signaling the right virtues. However, the risk in today’s announcement is that top performers - and those slated for promotion - will bolt. That’s not the attrition we want. ... — read more 

What kind of CEO comes in to an already struggling organization and sows the seeds of conflict within his team? His decisions have pitted lower-waged employees versus higher-waged employees (arguing about the fairness of earnings levels... — read more 

Just wrapped up internal interview and the feedback I was given was that this PVSI Regulatory Control team was not given any positive feedback and led by “ questionable leadership” and that reputation has stuck with them. What a sad situation for... — read more 

https://www.bloomberg.com/news/articles/2020-11-05/wells-fargo-to-freeze-raises-for-high-earners-as-it-limits-costs Let's do some simple math... You're a lazy b–tard and you make 149K a year base - you get a Raise 2%, new base 152K You bust... — read more 

Wells Fargo & Co. plans to freeze raises for top earners as the bank’s new leadership team retools compensation practices with a close eye on costs, according to people briefed on the plans. The measure, revealed to some managers on a conference... — read more 

Seems like everyone joining the bank gets an OC seat. What are we up to now, 20 or so members? How can you have an effective committee with that many members?

Are they going to cut in CIB? They need to grow it...

I gave my notice of resignation this week. I’m not one of these people that was waiting for severance pay. I was just looking for my next move. To my surprise, within about two months of casualty looking I found a job that pays nearly double what I... — read more 

https://www.peoplematters.in/article/training-development/learning-is-more-than-a-tick-in-the-box-ramesh-kumar-wells-fargo-india-27195

It's sad that I have to use this platform to get information. I was laid off and will continue to get paid until 12/30/20, afterwards salary continuation kicks in (severance pay). My manager could not answer directly if I would receiving a bonus... — read more 

https://youtu.be/dMufeg99eaU

And HR is well aware of what is being said on this site.

The email from HR says the record keepers for 401k will be changing in December, and you will not have access to your account or be able to perform transactions from Dec. 22 through week of Jan. 10, 2021. Layoffs and then we cannot access 401k for... — read more 

On the compensation call. Anyone making $150k base pay or more, no merit increase.

No raises this year for people that make over 150,000 base.

Any managers, HR, assistants, etc. that have the scoop on upcoming Auto layoffs? Or are they all pretty much done in Auto? Auto is still overstaffed in the sense that many managers have fewer than 7 directs, including director level managers.

k thx bai

Hi has anyone heard if any of the control group managers (Contact Center , Marketing , Operations ) have flattened their managers yet or lost any and if that involves salary reduction?

Manager has his “chief of staff” check in with his exec assistant. Assistant is informed that the mgr no longer wishes to work with her, bcuz assistant can’t read his mind. Assistant asks if she should expect to be displaced and is told that she is... — read more