Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Banking Fees

What outrageous fees can I expect when I no longer receive the employee benefits from banking with WF? Wondering if I should be proactive & withdraw all my money now.

RTO reports

I know these vary by business group, but are they six-week or eight-week rolling averages? I am leaving the company after bonus, so I am trying to figure out when it’s safe for me to stop going in.

Risk and compliance Layoffs starting

News started spreading after the town hall that layoffs were starting soon and some were already offered relocation, some people were moving already or about to start moving. Anyone heard anything or can confirm, Which locations going?

Severance

Has anyone lost out on severance by some technicality? I’ll be expecting mine in a couple weeks & I am stressed that WF will somehow not pay me.

Health Plan Rates increase 20-35% for 2025

I don't know about the area you are in but in my area the Health Plan Rates increase 20-35% for 2025 depending on the plan. People on medicare pay less and have better coverage.

Wells Fargo announces more metro layoffs

Iowa Worker Adjustment and Retraining Notification (WARN) reports that 32 workers will be laid off in late December. This brings the total number of workforce reductions in the metro to 334 this... — read more 

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| 1020 views | | 4 replies (last November 2, 2024)
Post ID: @OP+1vhqcCZW

The need to further drive efficiencies and cost-cutting is vital. The time has come for executives to put their money where their mouth is:

EXECUTIVE OFFSHORING For years now, the Senior Executives have touted the substantial benefits of offshoring US jobs. That being so, offshoring should be embraced at every level of the organization. The next logical step is to export the jobs of... — read more 

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| 1150 views | | 7 replies (last November 1, 2024)
Post ID: @OP+1vgeUSnO

This week's layoff count

Looks like 500-600 more got downsized this week, with almost all of them in COO. Very little impacted on the other groups this particular round. As usual, F SP. Worst WF employee in history.

Toxic boss

My boss used to be amazing but after a long, nonstop crazy amount of work within a year, I was burnt out and started doing things I normally don't. I had my 1:1 and spoke with her. She took everything personally and now after to get me. She talks... — read more 

Salary adjustment for promotion

Can someone explain the salary adjustment for a promotion. Some people are saying none and others are saying you get one but only at year end. Huh? So what happens if you get a promotion in March? Is this the same for taking a new role that’s a jump... — read more 

Protracted relo anxiety

I understand that relocation will continue into next year. I’m not among those noticed already, but I expect to be at some point. I just wish I’m done with making that decision and can move on. I do not have dependents, so the decision is just on me... — read more 

Reflecting today!

Reflecting on a coworker who didn’t inform anyone about his retirement; he simply finished his last day and left without returning. 🚀

WFA

So it looks like they are moving away from "divisional" compliance people sitting wherever they want in the Division. Now they are making people reapply for their jobs and must sit in their complex. Whats the reason?

Speciality Locations meaning

Anyone knows what do they mean when they say Speciality market locations? Are they going to be closed as well? No trolls please, or insensitive jokes, people and families are already going through a lot.

WIM OPS

WIM OPS hit hard all across the locations today I know of about 20 in my ops group displaced

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| 1560 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1vemwLXD

Barnhart center

Well they just let go all of escalations representatives at the Barnhart center today

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| 1450 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1veUUaM4

COO Townhall

Who attended this townhall ? Full of new leaders lead by John Langley. Everyone spoke about growth across all the businesses but in the end a question was asked on how much of the “efficiency” is related to employee cost reduction and John Langley... — read more 

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| 1370 views | | 4 replies (last October 31, 2024)
Post ID: @OP+1vebovse

Doing nothing?

My cube mate tells me he has not had anything productive to do in weeks after their manager resigned. Is this common? I have only worked here for two years.

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| 970 views | | 9 replies (last October 30, 2024)
Post ID: @OP+1vePyIDl

Promotions being given to people who didn't earn them

The string of promotions awarded to people who didn't earn them has really set us back over the past few years - not only because they have no idea how to do their jobs once promoted, but because the people who actually deserve recognition end up... — read more 

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| 860 views | | 7 replies (last October 31, 2024)
Post ID: @OP+1veFfkCs

Layoffs - Location Strategy?

Anyone have any knowledge of location strategy for 2025? Is it still a plan? No one seems to know anything. I’ve quit clicking on this site much for that reason.

Benefit elections before getting laid off next year

Does anyone have a list of when benefits are turned off for the different stages of being laid off? For example, when does hsa contributions stop? I heard your medical plan stays through the entire severance period but does your hsa contribution... — read more 

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| 820 views | | 5 replies (last October 29, 2024)
Post ID: @OP+1vdguj78

Consumer Lending Location Strategy

Has anyone heard anything in Consumer Lending regarding location strategy? My boss tells me they haven’t heard anything in months and no one I’ve talked to has said a thing about having to go back in yet. Any news or whispers about consumer... — read more 

Benefits enrollment

Get your life insurance coverages, yall. You know, in case we die working in this shthole .

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| 410 views | | 3 replies (last October 29, 2024)
Post ID: @OP+1vd0v1Cn

Truist better than Wells Fargo?

I am considering jumping to Truist. Any bad, or good experience compared to Wells. I see quite a few people jumping ship to join them. I cross posted this question to compare responses.

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| 1420 views | | 9 replies (last November 3, 2024)
Post ID: @OP+1vdr3ePd

Tomorrow

Are there any Chainsaw predictions?

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| 1770 views | | 7 replies (last October 29, 2024)
Post ID: @OP+1vdcFBUd

Cash Balance payout

Does anyone know when cash balance payout occurs? Is it after the 60 days notice period?

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| 790 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1vdkAXWT

oh look another Chase hire

new head of cards and merchant is a Chase expat. are we leaving any talent behind at Chase these days? so much for internal promotion bench strength, huh.

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| 680 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vdn7cDV

In person voting

Does anyone know if Wells gives employees any PTO for voting?

401k match

If I was laid off in September but then hired back in November do I get my 401k match?

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| 530 views | | 5 replies (last November 3, 2024)
Post ID: @OP+1vdfi1zy

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