Trump's tariffs will shut down American auto production. Bye, bye US auto industry. Don't believe it? Go read what the executive chairwoman of Canadian auto parts maker Linamar said. “If, indeed, 10 or 25 percent is imposed, or, in my opinion... — read more
Unusual Trends: Ratings & Contractor Growth – What’s Behind It?
Noticing a trend of "inconsistent performance ratings" leading to increased hiring of contingent contractors. What’s Behind It? Manipulation a Factors? Let’s Discuss!
Stumpf: 8 Is Great Scharf: 8 Indians per 1 American is Great
This place su-ks and it su-ks hard. I've been here for lets say a while. The headcount every single year gets just a little d-mber. Mangers who don't even understand what they manage, meetings at 5am, the d-mbest man in the room talks to himself... — read more
Anyone receive a “T0tal Variable C0mpensation” TVC payment?
Anyone know what this is all about or why it would be given to someone who got a below meets on their annual review? Since they aren’t getting a raise, is this a small token of their appreciation so they don’t complain?
Bad Year End Review
Just informed that my group had a "curve" and I will be receiving a 1 or 2 on EOY review. Manager really didn't state ANY negative experience in my work ethic for 2024. Few small things here and there but nothing to drop my down from "Meets". Says... — read more
Wells Fargo raised Charlie Scharf's pay to 31.2M
https://www.bankingdive.com/news/wells-fargo-raised-ceo-charlie-scharfs-pay-31-2-million-2024/738910/ So he receives a 285% bonus and returned $25 BILLION to shareholders. But I guess I should pledge my fealty for my 2% raise and 9% (cr-p) bonus. — read more
Meets
IT 2% raise, 7% bonus Big fat slap in the face? Hope I get laid off soon
EO in Sioux Falls, SD
Was EO going to be offshored but P&I were making too many mistakes so they decided not to?
PTO Payout Check
I haven’t been laid off yet but I’ve been given informal notice of a date. My severance will start on June 10. Is the PTO payout combined with my first severance payout installment or a payment cut separately? I don’t have it displacement package... — read more
Jon Weiss Head of CIB to spend more time with his family
One of the last OG’s of Wells will be playing golf soon.
Reorg Opportunity?
I’m getting reorged under a new manager to a position with much more responsibility. Managers, is there a way to turn this into an off cycle promotion or something? It looks an awful lot like more work for the same pay and job title.
401K match
I was laid off in September so I didn’t receive my 401K match. What if I am rehired within 6 months? Can I get it?
If laid off in Q4 when and how do you find out your bonus
I was told if you are laid off in Q4, you are still eligible for bonus. Obviously many people are not in contact with their old managers (or their managers were laid off too). How and when do you find out if you got a bonus this year in this... — read more
Worth reading - Does America need more foreign tech workers? No
Does America benefit from the immigration of truly exceptional talents, the vaunted “best and brightest”? Yes, absolutely. But, really, how many Einsteins are... — read more
Internal/ external investigation
A co-worker of mine is working on getting a CFE as they want to move into the investigations area. Is this the right path for them. They’re convinced that it’s a requirement even though apps say it’s preferred. He’s says a bunch of people on LinkedIn... — read more
No Merit due to Upcoming Layoff
So, I learned I will get no merit this year, though I'm grateful I still get my bonus. No merit as I'm being laid off this spring. Does that seem right? Aren't merits a "reward" for last years performance? I'm so tired of the amount of rugs that have... — read more
Who stole my bonus?
Was it you or Charlie ?
I’m nearing 50
And I’m terrified of losing my job. A lot of my colleagues lost their jobs soon after they turned fifty, and the vast majority of them have been struggling ever since to find something else. Corporations are wasting so much human capital. At fifty... — read more
Over 1,300 Google Employees Have Signed a New Petition Asking For Job Security - Its about time ...
https://www.msn.com/en-us/money/companies/over-1-300-google-employees-have-signed-a-new-petition-asking-for-job-security/ar-AA1y4yqs?ocid=msedgntp&pc=U531&cvid=113611d38e39431281f26a4b3d378444&ei=22
Bonus and raises
Mine is 15% bonus with a 3% raise (east coast). What's yours?
You Have to be Kidding Me
Cuts to staffing have gone too far. My US team is expected to do India 'clean-ups' everyday and then do our own work pushing code through the DevOps gauntlet. This means 10-12 hours day without compensation for extra hours. Of course extra hours... — read more
There are too many cooks in the kitchen
It's impossible to get anything done when you have a near 1:1 ratio of managers to IC's on calls. They just end up wasting everyone's time and su-k the life out of productivity with their constant tangents.
Trump offers Severance Packages to all Federal Employees
Will Charlie do the same?
Don't you dare speak up
Retaliation is starting to feel like the norm around here. Instead of fixing problems, speaking up just puts a target on your back. Not to mention, it’s frustrating to see how reporting problems to HR often leads to more trouble than solutions. No... — read more
Voluntary severance
Would you take a voluntary severance if this was an option? I sure would.
Bruh
When will bonus and comp get the green light to be shared?
Benefits Book updated-severance period unchanged
Severance service/payout weeks unchanged. Maybe this will keep the repeat questions and conspiracies from popping up on here. Let the 2025 season begin!
Hours in the office
Can managers track the actual hours of the day I’m in office, or just the total amount of time? If I worked 2pm - 9pm one day, would the reporting show me as signed in office for 7 hours, or specifically from 2-9pm?
Visa Crackdown
https://www.business-standard.com/amp/finance/personal-finance/trump-visa-crackdown-why-indian-students-with-part-time-jobs-are-afraid-125012700931_1.html
Another consent order has been lifted..
I guess the checks to the GOP PAC has cleared….
Titles over results
Wells Fargo is overflowing with managers flaunting inflated titles while contributing nothing of value. They’re everywhere, clinging to their roles and dragging everything down. Clearing them out could solve countless issues, but they’ve built a... — read more
Displacement Notification
Some have written that they are going to be displaced in 2Q (assuming for non-core location strategy). Does this mean managers have already notified people?
Are other banks moving Jobs to India too
Or we are just the pioneers?
Bonus
Hmmm Lead engineer 11% ...doesn't sound okay with Exceeds
Sole Survivor
So, after all the cuts it appears I'm the only American left on the team. Everyone else is Indian. All the new hires are India contractors or FTEs. Seems to be a pattern here... guess my days are numbered.
Specialty Markets are up for next year
So just heard that the plan for this year is to cut all non hubs as fast as possible so things are clear that next year specialty markets are up for cuts next year and by end of 2026 there will only be the hubs. All jobs that legal can move to india... — read more
Life insurance continuation with layoff or termination?
For layoffs it sounds like medical coverage lasts throughout the entire severance term. But what about life insurance? Similar question if it's a termination instead of a layoff. Does life insurance end immediately on your termination date, or is it... — read more