I wouldn't take a layoff personally, it's business and that S goes both ways. What I do take personally is Hudson Yards intentionally tormenting employees to weasel out of paying severance, which is THEIR policy. That's not business, it's just being... — read more
India
It looks like we’re at 40% right now for our cohorts in India. Do you think this whole company will go to India soon? Stock going up, I wonder why? Cheap labor? We’re not under the asset cap, so I just don’t really get it. — read more
M Level Compensation
I have an interview in Digital. The HR said the position is either at M4 or M5 level. It is too early to ask what type of total compensation would be...is anybody here with some information particularly the bonus percentage of base?
Headcount for non Hub or remote emplyees?
Im guessing for both business/tech around 100k
law suite on Localtion Strategy
Laying off some remote workers, sparing others after publishing a location strategy . Does it call for a class action suite ?
Location Strategy Timeline
I'm beginning to get the feeling our 2-3yr timelime is extremely unrealistic. With senior leaders leaving in droves, and what appears to be very poor planning which leads to poor execution, it's not looking good. In speaking with people in... — read more
Location strat is just to kick us or make us leave
My reading of the location strategy is to have an excuse for layoffs en masse, and also to motivate people to leave on their own, so no severance pay. I have been considering looking for another job. With all the turmoil in the banking sector, it may... — read more
Badge in/out
Is anyone just badging in and immediately out and not gotten into trouble? I have to do the couple of times next week, so checking… I will get a lot of flak for this but I don’t have an option…
WFA and STL campus being sold??
Who else thinks this is a possibility? STL is not a core location for any LOB other than WFA.
Corp Comms “Heart-y” thank you email
Does anyone know what this is about?
What is the severance as of December to January 2024 ?
I see alot of people talking about severance but how does the lay process work now? Like they lay you off you get one week or two for every year of employment ? does it start after 60 days ? if you were paid tuition reimbursement do you need to... — read more
Wells Fargo is sued over response to fake accounts scandal
Wells Fargo (WFC.N), opens new tab, which has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who were... — read more
Referrals, referrals, referrals
How many referrals this week? How many referrals last month? How many referrals from tellers? From bankers? Referrals. That seems to be retail banking's new motto. Referrals to premier bankers, to financial advisors, mortgage consultants, business... — read more
Laid off and rehired?
Anyone ever get laid off and rehired? What was your experience like in applying? Were you able to do it in time to keep your tenure? Do they even re-hire people? I don’t think I’ve known anyone personally to be laid off and come back now that I... — read more
SoCal
Really curious what happens with all the tech folks. Everything from executive down. There are a lot in Southern California.
Personal Goals: need 3 examples
What are some good examples of personal goals?
Head of Enterprise Risk - stepping down
Stephan is stepping down. It’s just going crazy one after the another. Elyssa Herman and now Stephan S. Anyone have any insights on what is going on.
Location Strategy???
Pardon my ignorance but can someone please explain what the real purpose is behind the location strategy? It’s not just an excuse to lay off people, they’ve been doing that all along without having to need an excuse. It can’t be “collaboration” if... — read more
Using WF office closer to home
Is anyone else using a WF office location closer to home but that is not considered their designated location? I know the RTO system flags for this, but has anyone experienced other issues from management / HR in doing this?
Head of communications walks away
She was here less than two years and was in the town hall yesterday. Better than the poem lady but nobody seems to last in that job.
Wagons Ho…any layoff updates?
Do WF staff think there will be more layoffs, branch or unit closures, etc. What do you think? Retail Banking is doomed!
Should Americans Be Worried About Their Jobs?
"Americans are worried about their jobs and feel uncertain about their financial conditions, but companies are still hiring and the U.S. economy is still growing despite elevated borrowing costs. On Wednesday, the Commerce Department revealed that... — read more
Cant wait to set my goals while I am waiting to be layed off!!!!!!!!!1
Get on with it!! Give me my F'n severance
Saul, you done f'd up
With those tight pants With choosing Tracy over Jason, you took too many sips there buddy
No one is crediting Flowers for closing out a major consent order?
Maybe he will be voluntarily retiring soon.
Hr sending bad links
I worked in Wells Fargo infrastructure for 16 years. I was promptly rejected for an infrastructure position in the city and building I worked n for years. But here’s the kicker. The email generated from workday had the wrong link to... — read more
Severance and 2nd Job
I am expecting to be released in April and currently work a 2nd job (necessary in this economy). When I am released will my 2nd job nullify my severance package? Worried :-(
Manager Span & Control
Anyone know if Span & Control is still a thing? I recall a few years ago that managers were being let go if they had less than 7 people under them. Does that still happen?
Are Sr. Tech Managers and Technology Directors affected?
Does anyone know if Sr. Managers and Technology Directors who are remote will be affected by IT Location Strategy? There are a bunch of them our team reports to. Or does this apply just to people who actually do the work?
Risk is getting a free pass
No location strategy. Party goes on!
CEO town hall—anyone watching
On front row we have SVB and a new guy named Doug who seems to be Cs buddy for 20 years… Interest rate not coming down soo soon like our know it all cfo thinks —he is a joke.. Efficiency agenda —very important topic where this this going — read more
Taxes on PTO payout once severed
Once severed from WF, unused, accrued PTO is paid in lump sum. So that means it's potentially taxed at much higher rate, especially since it will be lumped in w/a biweekly pay period's wages? That stinks. I have 8 wks of unused PTO and, after... — read more
Wells Fargo sees shedding more real estate as part of its cost-cutting plan
The bank has already taken some big losses on real estate it sold recently in San Francisco. Last September, Wells sold 550 California St. in San Francisco’s Financial District for $40.5 million, less than half of the $108 million the bank paid for... — read more
Remote employee dilema
Now that I know what my fate is going to be in a couple of weeks/ months, I was thinking why would I complete any task at hand?
CEO Townhall
Will Chuck discuss location strategy and reductions in headcount today during his townhall?
Cybersecurity Core Locations
Charlotte Dallas Minneapolis NYC Metro Phoenix/Chandler San Francisco Approval required for these locations based on specialized business needs: Philadelphia/Wilmington San Antonio DC Metro Not growing headcount outside of these area. — read more
In core location but
What can one expect who is remote in a core location but hesitate to RTO. Termination or layoff?