Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

“In The Press” on Teamwork’s vanished

Just noticed today that the In The Press section of Teamwork’s is no longer there. I would assume that that means the people that administer that are no longer there. Was curious if anyone noticed when that went away? Thanks

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| 2000 views | | 7 replies (last November 12, 2020)
Post ID: @OP+17Rs0zbO

How far in advance does management know?

How far in advance do managers and director-levels usually know of layoffs? Do they get a month notice or is it more like 24 hours, 15 minutes, etc.? I'm sure it varies but what's it been lately?

11/17

As we’re now only a week out from try next suggested “impactful” lay-off, I’m curious if any more details have come available. Everything is hush-hush in my division, with the last round of layoffs being minimally discussed. I know there’s usually... — read more 

Stress Leave

This probably has been covered before, but anyone out there taken a stress leave before? I am assuming this is zero pay, or do you qualify for something if you go to doctor? Do you need to go in to see a doctor or can you just call the leave... — read more 

Covid

Will people have to go back to work soon? Seems vaccine won’t be out until next year

Position

Software Engineers are some of the most prideful and arrogent people on the planet and so therefore they always believe that they need more and always want to go to that next higher level. Companies try to give inflated titles as a means of a... — read more 

Chat Rooms

I feel like the chat rooms here what people post useless posts, like I am going to lunch, I have to use restroom, going to dinner, picking up kids, and so many more. Perhaps they believe this is collaboration but none of those posts did i find... — read more 

Technology survey

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

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| 2250 views | | 9 replies (last November 9, 2020)
Post ID: @OP+17OYo27r

WF validating education

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.

Too Many Bloated Salaries in Risk/Comp

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 

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| 3600 views | | 9 replies (last November 14, 2020)
Post ID: @OP+17O7aWDb

After Layoffs, Help Survivors Be More Effective

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 

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| 1061 views | | 2 replies (last November 7, 2020)
Post ID: @OP+17Osaiax

What Motivates You to Work?

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 

SF will not be our home anymore...(per me-lol)

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 

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| 1632 views | | 4 replies (last November 9, 2020)
Post ID: @OP+17Od3siy

WF vs. competitors

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 

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| 1300 views | | 4 replies (last November 9, 2020)
Post ID: @OP+17NWrMGd

Wells Fargo ESOP

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

Moment of clarity

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 

CEOs Taking Pay Cuts

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

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| 1070 views | | 3 replies (last November 9, 2020)
Post ID: @OP+17Ninsdh

How Long will San Francisco Remain HQ?

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

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| 1630 views | | 7 replies (last November 6, 2020)
Post ID: @OP+17MPfNcU

EEOC and Age/Gender Bias Include Contractors?

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 

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| 720 views | | 2 replies (last November 10, 2020)
Post ID: @OP+17MjE8oZ

On no raises for high income employees

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 

PVSI Regulatory Control Feedback

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 

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| 3330 views | | 9 replies (last November 11, 2020)
Post ID: @OP+17MPaHvw

LEARN SOME MATH CHARLIE

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 

Bloomberg - Raise Freeze

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 

How many on the OC now?

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?

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| 1190 views | | 3 replies (last November 6, 2020)
Post ID: @OP+17MGYxvk

Leaving the stagecoach

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 

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| 2980 views | | 5 replies (last November 5, 2020)
Post ID: @OP+17L8k29C

Bonus Payout for laid off employees

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 

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