Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

MMB service team roles under TM?

Does anyone have insight on what MMB (Core, MM and Specialized Industries) service team roles will look like when moved under Treasury Management? All arrows point to CSMs and RAs being hit the hardest. Yesterday’s TM communication re: “interim... — read more 

Job Family monetary impact

Wondering how the mappings to new Job titles have impacted you. For me personally, the base remained the same but bonus decreased. But I may have been one of the unlucky ones (at least according to what Saul mentioned is last weeks all hands)

Software Engineer Title

Is software engineer title is the lowest title for a developer

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Post ID: @OP+16iTann2

Goodbye!

Time to move on. This site has really helped open my eyes to reality. I wish you all well.

Know your Value

A father said to his daughter “You graduated with honors, here is a car I acquired many years ago. It is several years old. But before I give it to you, take it to the used car lot downtown and tell them I want to sell it and see how much they offer... — read more 

$1.5B/year Spent on Consultants

Source below... **Wells Fargo is cutting back on consultants as its annual outlay on firms including McKinsey and PwC reached $1bn-$1.5bn ** Wells Fargo is targeting dramatic cuts to its spending on consultants after an... — read more 

WF Tuotion Reimbursement Program suspended?

A poster said a program application qualified for reimbursement – but WF sent email saying tuition reimbursement program suspended for remainder of 2020 and to reapply in 2021. Probably because WF does not want to reimburse people being laid... — read more 

Right Time to ask for Tuition Reimbursement ?

I am wondering if it is a good time to ask for tuition reimbursement for a master program that I am currently enrolled in? Also does anyone know if WF pays for certification like CFA?

Spans and Layers

Managers who are 5, 6, 7 layers down from Charlie claim that they have no knowledge of what is going on with spans and layers. Do you think that is true, or are they just not sharing what they know? Who will determine the spans and layers? Will... — read more 

The Hard Truth

The reality is that if you got a 1 or 2, if you want a smidgen's chance to save your job, with forced rankings you've got to bump off someone your manager likes more than you. You probably don't have a lot of time to do it, if it isn't already too... — read more 

The pot is getting hotter and about to boil. CSI

If you are a manager and now being asked to signa CSI (confidential supervisory Information) disclosure documentation to be really sure the other docs you signed are not explicit enough, then that means information is coming down the pipe and they... — read more 

WF museums will close permanently

Too make space for actual bank related workers the bank will be shutting down all the WF museums and converting the space into work stations, using the Covid 19 as a reason. Stating that having tourist in the bank for anything other than banking... — read more 

Frederick MD

Any legit updates on the timing and closing of the Frederick site??

Training

Dang! Do your training on time! Apparently this is a pet peeve of Charlie's. We just got a rather threatening email saying if we are late with required training, our name and our manager's name will be forwarded to Enterprise Risk and Control... — read more 

August 14th 60 day notices start

David Gallorese and Mark Cupples got approval yesterday from the Monday OC meeting (operating committee) to begin 60 day WARN notices starting Friday 8/14. Contract employees will only be in technology sector all others will not be here, so say good... — read more 

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| 10170 views | | 35 replies (last August 7, 2020)
Post ID: @OP+16ho1yPs

Branch Closures

In July the bank reported 124 branch closures to the OCC. Not sure how that compares to times past or how other banks operate. I imagine that number will accelerate over the next few months... — read more 

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Post ID: @OP+16he6gbj

Wholesale Layoffs

They need to start by laying off all the overpaid Wholesale associates who were hired under the consent order and literally sat around for the last two years doing next to nothing.

Forced Ranking

Hi there I’m 6 months in which I’m told is not new. I started actually working due to “no” work for this newly created Role in Late March. I was reviewed and given a 2 rating. I literally was in shock as this was the first time hearing this. My... — read more 

I got “Needs improvement”. What does that mean?

My 2016-2019 Year end review were “Meets”, with over 50%-80% of “Exceeds” in subcategories. My 2-4 peers were Unmeet or Meets with 10-50% “Exceeds” every year. This time they were Meets or inconsistently Meets. Does it make sense you that I... — read more 

Why no 360 reviews of managers at WF?

WF managers have been trained to think their only job is to manage UP. This leads to a vacuum between the DRs and their manager. Managers are suppose to manage up AND DOWN. (Sorry if that means you work longer hours. That's your job.) For years... — read more 

New Titles

How do they assign us new title? By our current title and level?

Let's hear your exit strategy

When my wife's open enrollment comes this year she will be adding me to her health insurance. I am treading water until the end of October in the hopes of getting a displacement package. If not, depending on how unbearable it is at that time I'll... — read more 

Question on bonus and 401k

Sorry for the irrelevant post. Wondering if when bonuses are paid out if I was contributing 15% to 401k would 15% of the bonus go into my 401k?

What was the format/process of your mid-year review?

Mine? A Word document with a few paragraphs of descriptive text – not a form. No ratings were included on it at all, either in descriptive or numerical form. An overall descriptive/numerical rating was provided to me verbally after my manager... — read more 

WF stock price at 24 (dumpster fire)

This place is circling the drain due to corruption and greed, NOT because of the pandemic. STOP LYING, execs! At least be honest about how you've ruined the company we worked so hard for and our investment.

It's July 31. Buckle up. Ride is just beginning.

While some were notified of layoffs in July, the large-scale ramp up begins in August. It's like a rollercoaster ride... the cranking sound you hear as you head to the peak of the scary ride is spans and layers changes and title changes in August... — read more 

New employee 6 mos 2 rating

I’m a new employee working in a group of extremely tenured WF folks. I received a “2” rating which was a surprise with no mention prior of my inadequacy. Newly created role with no direction and 6 months on the job. No leadership visibility yet... — read more 

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