I can understand layoffs being done due to financial reasons - but making us train our own (cheap) replacements under the penalty of losing our severance if we don't? That's low even for this place. I wonder what's the next thing they're going to... — read more 

When you are laid off what happens to the RSR’s that you may have but not yet vested? Do you keep the same vesting schedule, lose the stock or do they all vest and payout immediately?

Severance Packages are not meant to be a going away present. You guys have it all wrong. It’s an exchange. You must sign a contract to give your rights away and never sue them or talk about them, etc. if you break that contract, they will sue you and... — read more 

Dear HR folks, The constant threat of layoffs has caused some people to hoard PTO, just in case they get let go. Then they take all their PTO at the end of the year, when we're the busiest. This adds risk, especially for support teams and... — read more 

Compensation to be communicated in late January, incentives to be paid on Feb 5. As you might expect, performance evaluations will occur before year-end.

Could someone please give an estimate as to the number of laid off employees to date and how many are left to be severed. And a time frame that it would take for this to be finished please. It seems to me that these layoffs, like COVID are going... — read more 

https://www.google.com/amp/s/www.wsoctv.com/news/local/big-changes-store-uptown-office-tower/PDKWDFVCINEWXKPD3IIOZPOZXI/%3foutputType=amp

Damn, as much As I’m sick of the regular sh–, I’m more sick of these internet trolls— they’re not employees and they have no skin in the game except “they want to see the world burn” I don’t think they would post differently about any other major... — read more 

How long before the head of Whole Sale and Head of CIB get the boot? I think they are the only 2 top executive directs that are left from the old regime.

How long till chainsaw officially moves the HQ to NYC? Lord knows it’s already the unofficial HQ. I’m sure Jamie D is encouraging him. Once done, chainsaw and Jamie will give old WF leaders the finger for resisting NYC talent infiltration over the... — read more 

For Risk and Control seems like there are many being moved out of Control in order to flatten that group and going to Business/Operations type groups. No mention of whether or not the work you currently do will be done once you are moved to your new... — read more 

Asset Cap will be lifted very soon imo. I think the real reason why they hired Charlie is because he is good friend of Bill Dailey(current WF Deputy Chairman). Dailey, was Obama’s Chief of Staff for almost a year and has many friends in Politics... — read more 

Does anyone know what determines who's "not able to be upskilled" per SVB? Sounds like jobs that used to be called BSCs, tech relationship managers, initiative managers and strategy might be the intended targets.

St. Louis based health care management company, Centene, is expanding their operations in Charlotte. IT is looking for developers, designers, and Product Owners along with many other IT roles.

Very few people impacted .. not that this is good news but not the doomsday some predicted . But this is sognificantly much much smaller than the doomsday predictions. . I for one will venture to say , a lot of wild imagination driving many posts... — read more 

Imagine being in a relationship where you have none of the say in how things go, where you are constantly reminded that you could be let go at any time, where you are asked to give your best at all times, where you see your partner buy themselves and... — read more 

So folks do you think we will get any bonus for 2019? Debating whether I should wait until I receive bonus and then find a job or just look for a job now and make the jump.

Just wondering. Will I be a target of layoff if I refuse to work over weekends? I get 0 additional pay for working over time by the way. Definitely don’t want to work over weekends but also don’t want to lose my job.

I am not a Financial Advisor but I have spent my career helping them. Wells fleeces them every chance they get. I have NO idea why any of them stay here, constantly having to defend the Bank’s now terrible reputation to their clients. The FAs are... — read more 

Commercial Bankers (wholesale), mostly "Core" staff (the former Business Banking Group), will be notified very soon. Too many customer relationships are being transferred to Regional Centers in the near future; there will not be sufficient customers... — read more 

It makes me fearful.

I work in the brokerage unit in St. Louis. AG Edwards & Sons was acquired by (East Coast based) Wachovia In September 2007. The Wachovia managers marched in to St. Louis, some so very pretentiously wanting to teach us “how the real firms do it.”... — read more 

I don’t think the regulators would allow this even larger “too big to fail” financial institution to occur. But you have pointed out many positives that could come from an acquisition/merger. No matter what punishment, restrictions, comeuppance... — read more 

To reduce expense by at least 10 Billion per Wells needs to: Eliminate on shore jobs(40k to 50k) approx Get rid of all contractors (and third party) Transfer at least 50 % of IT jobs to Offshore(India, Asia) Eliminate Bonuses for at... — read more 

I give the guy a 1 and would put him on a pip. Then I would have the board start interviewing for a replacement in Bangalore, fair is fair. The stock price is down by about 60% since he started. His predecessors even with fed fund rates at 0 bps... — read more 

Layoffs in Technology have already started (Rubina, etc); and, October layoffs will NOT be limited to Managers...

Saul babbles on.... talk and talk with no useful information. Saul is back on track to talking with no purpose but to say that he held another meeting.

Don’t want to get too palitikel here but I have some questions. It seems as though a good number of people on this forum have a problem with offshoring jobs whether it be to India and Malaysia by corporations including but not limited to wells. We... — read more 

Now that WF will no longer provide corporate cell phones, will you use your personal phone for business use? I am not comfortable with downloading corporate apps on my device and giving WF access to my personal info. Not to mention, WF can confiscate... — read more 

old post deleted for some odd reason as it did not violate the ToS. not bad for someone who has been here for under 5 years.. s—s for the person who got passed over and moved under the new guy.

I know of many retire aged employees that have milked this cow for decades, and are also willing to accept a nice layoff package. They should start a volunteer to go list, they’d make progress on cost cuts.

We are near entering that precious time of year where WF tries to shake us down for donations to various organizations. Each year, I know fewer people who give any money. In the last 10 years, they started to calculate hours volunteered and made it... — read more 

Wells invented Inverse Performance-Based Bonuses

Hi - could we get the official next dates for layoffs, teams or sections?

25+ managers were just notified of their upcoming termination. Maybe more.

So chainsaw seems to be coming into FCRM soon. Mass email to update teamworks profiles, rings any bells?? Oh yeah MN said they’ll use these profiles when chopping/tossing people around! Stay tuned the ShSH about to begin!

Links to jobs at the bottom. Listed: Company Name - number of 'to be hired' positions in parentheses: Instacart (300,000) McDonald's (260,000) Amazon (175,000) Albertsons Companies (50,000) CVS Health (50,000) Walmart (50,000) ... — read more 

My wife just got an offer from WF as a developer, is this still a good time to join considering the potential layoff?