Reading all these different threads makes me feel human after all. I don't know if it was the '2' rating that I received, the first time in my career that I haven't consistently met objectives, but somehow I find comfort knowing how many of you feel... — read more
New titles
Word on the street is with the new titles coming in early August that our bonus may be cut in half perm. How will you all respond (those of you that are bonus eligible and count on that as part of your salary)?
COBRA
Does anyone know if one is eligible for COBRA if one quits and only gives 1 or 2 days notice? The only disqualifier I read about is if your conduct is considered gross negligence. Would giving your employer a day or two notice qualify as gross... — read more
Anyone here work for FCRM?
Any clue as to why they keep NP as the BSA Officer? Seems like a meek lightweight who doesn’t hold a candle to the previous one.
Will Mandy talk about the big layoffs in Corporate Risk
They moved the call to next week. I guess they are planning something big. Does anyone have any heads up?
Rate Charlie's Performance So Far, 1 to 10 scale (1=horrible / 10=exceptional)
Let's do some performance evaluations - Rate Charlie's Performance So Far, 1 to 10 scale (1=horrible / 10=exceptional)... UPVOTE this thread for positive rating, DOWNVOTE for negative
Forced Curve / WFB Ratings
“Forced curve” will be there in rating. I have not had my midyear review yet. I have performed well and above and beyond (in my opinion) in delivering and executing. I am preparing myself for a 3 on the 1-5 scale. I have never had a... — read more
Mental Health and Stress Management
Knowing this layoff process will take at minimum a couple years has been weighing on my mental health. I don't want to shave 5 years off my life stressing about getting a blank calendar invite from HR to discuss my package. I am currently... — read more
LOB selloffs?
Anyone else been on issues or remediation calls where there is a very urgent push to have closed out by end of year? My guess is if you are, it’s because there is a potential buyer of that portfolio
Reviews
Are these required to be uploaded to the CP&D tool? I have not yet seen a copy, and the verbal discussion left a lot to be desired.
Severance
Any idea what severance pay looks like? Do you have to be a 3 or above to get severance? Thanks.
Priviledged access question
I just got asked by my boss if I had any priveledged access. Can anyone tell me if this is a bad sign?
Silent protest: Stop attending all hands calls
Technology leadership, from Saul on down, do not listen. They do not want to hear from us. Some of them actually stated this. Ok. We can send a message by not attending their calls. They don’t share anything meaningful anyway, just spew BS and more... — read more
Let’s all pray for SEVP/CEO of commercial banking Perry Pelos
Unfortunately Perry only has 6 direct reports in his 23,000 person team so it looks like commercial banking will have to share a group head and Perry will be absorbed into another group. You had a good run buddy.
Email from head of Enterprise Customer Excellence
We just got an email to everyone under Customer Excellence that specifically mentioned spans and layers. The seven to one ratio was specifically mentioned. The message had a vague timeline for completion: second half of 2020 and into 2021.
With no promotions, bonuses, or raises, what's the incentive to perform above a 3?
I ask this question from an organizational culture perspective, not one of personal work ethic.
Uptick of LinkedIn Propaganda
I've noticed an inordinate amount of sappy Linkedin posts by new employees as well as those celebrating anniversaries. Seems odd to me in an environment where we all can hear an ax being sharpened in the distance.
So far none of the b---s--- here turns out to be true
Can someone here provide something useful? If not, can you stop making rumors and being a troll? Thank you!
So once WF decides a certain area needs to lay off team members, how do they decide who goes?
We've speculated on here that the mid years are tied to it, but does anyone know? How will they decide who stays and goes within a certain business line?
To the Long-Termers: What are some of the highest attrition areas in Wells in the past ('08, '01...)
Without Trolling, are there areas that are notoriously safer than others? Like Home, Auto and Retail are getting hit probably the most but what about CIB Middle office or DMI or even Credit Risk?
Layoff Prep and Key Dates
I am inspired by others here who are willing to do the job that our "leadership" is not. That is, to share actual information. Here are some key dates at Wells Fargo which are based on what has happened in past years. March 15th - Bonuses... — read more
Why is WF Still Hiring?
I’ve seen a bunch of recent postings on LinkedIn from newly hired employee’s who are so proud to be aboard the “Stagecoach.” Hasn’t HR told them they will be the first to be laid off in the coming months or that the wheels have fallen off the... — read more
Another one bites the dust...
CTO under Head of IT "accepted a new opportunity outside the company." good riddance...
Wells Fargo would rather hire in Minneapolis than San Francisco
https://www.bizjournals.com/twincities/news/2020/07/28/wells-fargo-s-hiring-faces-higher-hurdles-in-price.html Interesting that this article confirms all the rumors that have been posted on this board for months
Who said nothing good happened @ BNYM
Looks like CEO did what he had to do and now they are celebrating the way WFC should. @OP+168ZJeIs
When 7:1 restructuring to be completed enterprise wide?
Just curious when it’s required to be done... anyone has insights? Thanks
CEO and Friends Making Millions
So Charlie will make about $70mm his first year with WF. He is hiring all of his buddies into multi-million dollar positions yet he crows about how the company needs to tighten its belt. I can’t even imagine the severance package Shrewsberry is... — read more
When can we go out and have a drink again
I miss the time when we can have a drink after work versus reading the b—s— here.
Managers trying to get people to quit?
The last couple of weeks my manager went from being a reasonable partner to being bat c-ap crazy with inconsistent direction and everything is a drop what you're doing and jump on the next flavor of the minute. I know some of this is from above but... — read more
Got my mid-year eval
I got my mid-year today. The CP&D tool wasn't up, so my manager read it to me verbally. I got comments on 2/3 of the objectives for my team (the third is still undefined). I also got an overall rating. My overall rating was 4. The qualitative word... — read more
What’s with the aggression
I have been noticing an uptick in some aggressive comments out here. Might be a sign of the times. Might be employees are frustrated with the firm and are expressing their anger in the only way they safely can- anonymously. I think we have some... — read more
Just what does a TRM (Technology Relationship Manager) Do....really??
lets see - a TRM makes phone calls they make calendars they put together decks with information they got from someone else they put out tons of emails indicating this, that, and the other thing they threaten if they feel they are not The... — read more
My manager only has 6 people, what will happen?
My manager only had 6 employees. What is going to happen to said manager, and to my own a–?
Project Management At Wells Fargo (Benny Hill Version)
Seriously - this is how it works: Problem - 10 managers find an issue and assign it to an engineer Said engineer says hey how can this be, I need help A project is spun up - adding a bunch of service managers and their bosses 50 folks from... — read more
Is Atlanta still a hub city?
As far as I know it’s still under approval right? So will Atlanta be a hub city? Or we are all dangerous here and could be removed? Thanks.
Wall Street Journ article today on Wells
https://www.wsj.com/amp/articles/wells-fargo-tightens-purse-strings-to-ride-out-coronavirus-pandemic-11595669400 The last sentence in mid year is most telling. Reaction, guys?
When are layoffs expected to begin? Any news on what packages look like?
Been at WF for about a year and I've been told I'm on the chopping block and trying to figure out how much runway I have before I'm destitute.