I'm hearing conflicting information. Does anyone one know if the titles are a 1:1 relation to your existing title? I was told yes but then what was presented to me is something different. Are the new titles posted in the job families? I wasn't... — read more
Does anyone know at what level these ratings came from?????
I'm just curious if anyone knows who was a part of the rating process.
Do any chiefs still work at Chase
Seems as though Wells has hired all of Chases' chiefs. Maybe just Indians left there or were they all laid off?
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
Anyone know how Auto specifically will fare?
Anyone with knowledge know how the Auto division will fare? When layoffs will need announced, headcount decrease, etc.?
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
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
WFH 10/1 - Woo woo
Ayyyyyy, we still at home folks.
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
Analytics Consultants are fanning out in WIM to figure out how to automate your job
Several of us have put 2 and 2 together. There is a group of analytics consultants who are meeting with team members in WIM to determine how they can automate and eliminate your job. If Ashok, p. Street, or his team members set up time to meet with... — 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
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
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.
How to get a VP/AVP title?
So are the quants in model risk going to get VP/AVP titles?
You still think those AVP and VP titles mean anything?
Just wait till you see the effects of technology job title changes. 😂😂😂😂
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
Any Ideas on what's the best approach for going down with a fight if rated 1 or 2?
I am also one of the people that was rated as "inconsistently meets" literally out of nowhere, while always having "Performing" and higher. It's sounding the the 1s and 2s are getting pegged and the concern for me is that the Company will use this... — read more
Wells Fargo Mutual Arbitration Agreement - Does it mean you can't sue under Title VII?
For those employees who joined WF after December 11, 2015, signed a "Mutual Arbitration Agreement". Realizing they don't want the negative publicity of lawsuits and force employees through an arbitration process, what other recourse do we have, if... — 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
I don’t see the work life balance that the firm brags about
I don’t mind working long hours but working from 8:30 am to 7 pm with only 20 minutes of lunch time is anything but work-life-balance. The managers are getting crazy nowadays.
We are down over 20% of staff in Compliance since January 2020
We have lost over 20% of Compliance staff in my area since January 2020, and they are still not backfilling jobs. We are going to miss some key deadlines - one related to a MRA - and no one in senior management seems to care.
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