Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

This Board is Therapeutic

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.

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 

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.

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.

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| 1230 views | | 7 replies (last July 30, 2020)
Post ID: @OP+16b2sKuF

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 

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 

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 

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?

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| 2920 views | | 13 replies (last July 27, 2020)
Post ID: @OP+167jmxJA

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