Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Are you supposed to get your bonus if you quit?

I left Wells Fargo IT in August for a different job and am trying to figure out if I’m entitled to the 8 months that I worked in 2019. I couldn’t find any mention of this in the handbook - does anyone know?

Man oh man

As most of the nations large businesses are encouraging employees to work from home whenever possible wells is beginning their continuity plan. Surely they will follow the industry right? Nope. Team members are broken into teams and alternate working... — read more 

Dirty Money

Any thoughts? To me, it seems like some politicians didn’t get a fair crack at the banking industry during the housing crisis so they made up for it with wells. You also have some former bank employees who probably couldn’t escape the branch so they... — read more 

Number of direct reports?

Does anyone know the number of direct reports that you need to have as a manager now that Charlie Scharf is CEO ? I heard that it is moving from 3 to 7 Direct reports. Has anyone heard this as well? Does anyone know if there will be any official... — read more 

Campus recruiting on hold?

Got the offer through the campus recruiting program and waiting to join. But I heard that Wells put new hires on hold. Is that true? Also, I was supposed to get emails regarding training but I never got it. Can anyone tell what’s going on and did... — read more 

Tone Deaf Much

The COO sent out a message that literally shows the firm wrestling between what to do ethically and financially. Ethically, they encourage team members to remain at a distance and work from home if needed. Financially, they are instructing team... — read more 

Replacements

I'd be concerned if I was in one of the following replacement markets: Portland Los Angeles Salt Lake City Denver San Antonio Washington, DC Richmond Winston-Salem Charlotte Atlanta You are just too expensive bro — read more 

Is this the begging of layoffs?

I thin we crossed the point. A recession is starting... Citigroup, Wells Fargo — Bank stocks fell sharply in Wednesday morning’s trading, with several major names falling more than the broader market. Citigroup was one of the worst performers... — read more 

Computer glitch...

Still avoiding the computer glitch questions? What computer glitches remain?

20% must be rated unsatisfactory or needs improvement

A new 5 point rating system will apply in 2020. From the material I’ve seen, 20% are expected to be rated as “unsatisfactory” (the old 1 rating) or “inconsistent performance” (the old 2 rating). All backfills are also on hold unless EVP approval is... — read more 

More resignations

Wells Fargo’s chairwoman, Elizabeth A. Duke, has resigned, the bank announced on Monday, bowing to pressure from Washington ahead of what is likely to be another round of grilling from Congress over its history of deceptive consumer... — read more 

Reapplying for your job

A Wells Fargo employee told me that there is a restructuring under way in their department and they have to reapply for their job. I have never heard of such a thing. Is this something new, so they can lay people off? Also, some people are being... — read more 

More branch closures

There are announcements of more branch closures ; has anyone else received any additional indication; some people have stated that they received information that their branch was closing in June

afraid for everyone - annual pass or fail review

I worked at wells before so I know how screwed up it is. I have a friend there who has been tortured by her boss for the last year. She had her review a week ago and her manager failed her rather than passed her. She's not a bad employee. Now she is... — read more 

WELLS FARGO

Where Executives Love Location Strategy, Framing, Abusing, Retaliating, Gaming, and Obstruction.

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| 750 views | | 1 reply (March 1, 2020)
Post ID: @OP+13K2EbJ4

Bonus for 2020

If we are being asked to relocate and we don’t accept it, but we stay until the end to get our package, are we entitled to our 2020 bonus? We will have worked for all of 2020!

Transparent Charlie

He has openly communicated that he is direct and transparent. He gets to the point with no emotion. Well if you are transparent why go through the motions or hire people without announcements. Why would those you hire not update their online... — read more 

CEO playbook

will history and trail of chase people lead to Charlie continuing too use his same playbook vs new creative ways to build and grow a culture for success. So far yes. I understand good leaders, successful coaches having a series of plays that have... — read more 

Oops...that’s not your bonus

So nice to have gotten my computer statement only to be told there’s an error....many levels of approval...that no one can get it right....snatched it back! This is a mess...great job y’all

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Post ID: @OP+13JVXRJE

Wells Fargo Employees To Speak To Congress

I'm getting on board this crazy train (link below) because I received notice to relo or severance as part of a poorly designed 'strategy' and I know LOTS of employees that do absolutely nothing all day, day after day, that kept their jobs and... — read more 

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