Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Another job while on notice period?

I was reading an article on teamwork that says "if you begin another job outside of wf your employment with wf ends and you will not be eligible for severance pay and benefits". My question is, how will they know if you secure another job? Has anyone... — read more 

Mostly old dudes

My group has now gone through its 4th layoff in 4 years, about a third of our group. All but a handful have been old dudes over 50, all races. I thought we were instructed not to age discriminate?

And another one

A new Wells Fargo class action lawsuit alleges the bank overcharged tens of thousands of consumers on their mortgage loan accounts and attempted to settle the issue by sending cashier’s checks without explaining the... — read more 

August 21, 2024

Employees were notified of the new cuts Tuesday but will receive formal communications that allow a 60-day notice period in the third and fourth quarters of the year, according to the WARN letter...... ... — read more 

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| 1715 views | | 1 reply (August 22, 2024)
Post ID: @OP+1u898tPk

401 k matching

If one leaves in Sep does WF match my contributions till Sep?

Layoffs are def having an negative impact

These layoffs, especially in tech are really f’ing things up. Someone I was working with recent former go and. Is that group has to scramble to replace him on work we were doing. Another person in a tech governance type role just disappeared... — read more 

COVID at Hillsboro

Saw this in another post but want to make sure everyone at Barnhart is aware - there is COVID going around in the building. As we all use the same entrance, please do what you need to to stay healthy.

4 days in office

Get ready. It's coming. It's being discussed at the leadership level. I love "collaborating" on Teams in an office where nobody talks to each other.

WFA is simply a WAY STATION

A Way Station is a place where people can stop when traveling from one place to another, nothing more. WF is a way station as you build your career. Stay only long enough to build your career and to get to your final destination. WF and all its... — read more 

In case someone missed this info

Wells Fargo to open new branch at Stockton Crossroads, closing North El Dorado branch https://www.recordnet.com/story/business/2024/08/19/wells-fargo-bank-new-stockton-crossroads-branch-dutch-bros-coffee-sonic-september/74787379007/

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| 373 views | | no replies yet
Post ID: @OP+1u6Rc6Id

Today I won the layoff lottery!

I can’t say it was a surprise. My manager knew for months and did his best to keep me informed so I could get my ducks in a row. His manager also did his best to try and get us more time but that rang on deaf ears further up the chain. When those... — read more 

Charlie Sharf why did you leave VISA?

Do not delete this post Charlie Sharf is a CEO and the question would and can be asked of any CEO who leaves one company for the other. When Wells General Counsel calls you to delete this post ask them why they are so sensitive to this question??

Legal Benefit

I elected into the legal aid benefit (forget what it's called exactly), but wondering if I get laid off, can I use it to examine the legality of the layoff? i.e., can it be used in litigation against WF? Assuming there is probably some clause, but... — read more 

Article mentions Charlie Scharf

Starbucks’s New Boss Gets an Unusual Perk: Remote Work By Chip Cutter Aug. 19, 2024 5:00 am ET To woo its new CEO, Starbucks offered a $10 million cash signing bonus and millions more in stock-based compensation. The coffee giant also didn’t... — read more 

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| 1310 views | | 13 replies (last August 23, 2024)
Post ID: @OP+1u6Ho1xz

8/20/24 layoff checkin

Please fill in the following if you’ve been affected role/title geographic area (0,1,2,3) or city if you wish is your location core or non (yes/no) yoe at Wells # others in your group affected Happy to go or not any other info... — read more 

EMPLOYEE POLL: Can Wells Fargo basically su-k it?

Use the up/down vote buttons to voice your opinion on whether or not Wells Fargo can basically su-k it. Upvote = Wells can su-k it Downvote = Wells is great Comments are always welcome too.

Thank you WF!!!

Just a shout out to WF leadership for the displacement and cush severance package which will carry me well into next year. Been working multiple remote jobs since I started at WF and can say that the p*ss poor leadership and disorganization under... — read more 

Remote folk????

I’m currently remote and sometime in July i was given prenotice that i would be displaced sometime in Q3 2024. There is speculation that it may happen today, since it’s a Tuesday after payday. Any thoughts???

The Rich get Richer

I may get down voted for this May 2, 2024 Des Moines news article, but the title makes a statement. Greed. The rich get richer and the working man gets laid off... — read more 

Displacement advisory group

Today is a Tuesday after payday. Do all layoffs happen after the WFB Displacement Advisory group sends letters to a state's employment board & mayor, governor, etc? Is it always going to be that formal? Or in cases with multiple call centers closing... — read more 

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| 1040 views | | 4 replies (last August 20, 2024)
Post ID: @OP+1u6L0EW7

5 minutes, maybe..

How long it will take me to round up my stuff and head towards the door tomorrow if I get the boot. I have very few things to gather where I sit. Same to you HY!

Q for those who want to change job

Are you looking into jobs in other banks or widening the search? I’ve been in WF for almost ten years now, and I’ve had enough banking to last me three lifetimes. I recently started looking for another job, and would like to do something entirely... — read more 

FedEx from WF!

FedEx overnight package from WF, arriving tomorrow. Dare I hope?

Internal move - hire externally ?

Someone from my team just moved internally. Does that mean my mgr is able to hire externally (+1) employee or would the higher ups encourage he also replace internally ?

COBRA plus ACA vs. Retiree Health Plan?

Another grey haired laid off team member - err employee. Severance and benefits run out next month. I have 5 years until Medicare. Very happy with AETNA/BC/BS higher use plan. Retiree is United Health Care and I am eligible but have no subsidy. ... — read more 

RTO and surgery

Is there something in Workday I can mark if recovering from a foot surgery for a week? I can work from home but I can't drive for 7 days post op. My manager is new to WF and doesn't know how to help with rto stuff. I don't want to take PTO since it's... — read more 

The pay is not worth it

I've stayed here much longer than I should have because I'm paid well enough that my family can live comfortably, but I think I'm done. My mental health has been deteriorating rapidly as the situation became worse and worse (Wells Fargo was always a... — read more 

Q on retirement

If I have decided to retire, do I contact HR first, before doing anything else? Is there always a paid 2 weeks from the time I contact HR and the day I actually retire? Thanks !

Aug 20th

I heard Risk will be hit. Is there any truth to this rumor?

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