I have 5 days from 2023. If I take pto now in 2024, will the system use the 2023 carryover first? I did not see mechanism to specify 2023 carryover when I submit. Can someone help?
New Beginning's $0.63 cents raise.
I received a meets and got a $0.63 cents raise for 2024 which comes out to $1,310.40 extra a year. I know a lot of people are looking forward to leaving Wells as I am really looking forward to it as well. But I will holdout until I receive a... — read more
Remote plus customer facing
Safe(r)?
Leaving
I am leaving in the next few weeks. Can someone help, besides letting my boss know, what all is needed. Formally and informally. Who tells me how many weeks I work till actual departure? Who lets me know how many days accrued vac will be paid and... — read more
You gotta hand it to Scharf. He’s winning while most everyone in his wake is losing.
Scharf has no qualms making the decisions which hurt other people, in order to gain personal power and financial success for himself. Customers and employees losing = Scharf winning. Scharf bills himself as a Change Agent, and yet he is secretly... — read more
What are the chances of survival?
Being put on a PIP. Wondering in this environment if it’s even possible to survive one. Also, how long is an employee typically on a PIP before they are axed or back to green?
The tyranny of the yellow status
So how long before they start running the numbers on MS Teams to see how long you are in yellow? But isn’t it worse to be green all the time? That means you are always available- ie Not busy ever. I think I’m developing a twitch because I have to tap... — read more
Second guessing decision to leave…
Left the “firm” in September and have never second guessed my decision until I woke up this morning and realized it was bonus time at WF and I walked away leaving 10’s of thousands of dollars on the table that would be in my bank account right now... — read more
RTO
I'm within commutable distance to a specialty market, when will I be forced to return to office? I've been 100% remote for 5yrs.
Bonus season at Wells Fargo
My boss arrived at work today in his brand new Ferrari Spider. I said “Wow! That is an amazing car!” He replied “If you work hard, execute on your goals, and strive for excellence - I’ll get another one next year.”
At least we are not elder abusers /s
Wells Fargo Gets Elder Abuse Suit Dismissed, For Now A California federal judge on Thursday dismissed a lawsuit accusing Wells Fargo of facilitating a financial scam against a senior, saying that while the bank's employees should have known... — read more
McKinsey running this bank right now!
It’s really obvious that McKinsey is running this bank right now. Charlie is not doing anything. Oh my God, can I get that 30 million?! Thank God, they got that billion dollars for the severance! Byeeee!!!!
Again Location Move - San Leandro to SF/Concord, CA - 3rd time move email.
This management strategy seems quite disorganized or lacking in foresight. It is the third time our team is moved around. Frist, moved from Fremont to San Leandro, then to San Francisco, then to Concord and back to San Leandro. Now we are hearing... — read more
Debating leaving next week
Should have left years ago, but like many here just got comfortable. My pay increase the last 4 years has been 1% per yr, and i would say inflation over that time where i live is about 25% for rent/food/medical. I feel extremely abused here and... — read more
PIAM
What is this new PIAM software?
How many layoffs saved today?
How many gave their notice today after bonuses hit their account? I did! I'm hopeful I saved someone who wanted to keep their job. And I apologize if I kept anyone from a severance package. I know this is not an airport, but am excited to be... — read more
It’s too expensive to replace human workers with AI—for now, says MIT study
An artificially intelligent robot may not steal your job as soon as you think. That’s because it may be too expensive for companies to replace human workers with AI, according to a January study from MIT CSAIL, MIT Sloan, The Productivity Institute... — read more
CEDAR Layoffs
Any predictions??
Severance if not RTO
can wells deny severance if they let you go for not following rto guidelines? anyone have this happen to them?
We did it …
Collected the 401k match, now collected bonus. Sharts least favorite days is paying it out to us. Congrats to everyone with a larger wallet today.
Severance started...
New to this wonderful world of being laid off by wf. Although I'm enjoying the staycation...it would be nice to get my severance. For those of you that have been laid off...when did the severance pay start after the initial 2 months was over? Was... — read more
What are the core locations for ECR / ECMO / CRCOE?
Anyone know the core and specialty locations for ECR / ECMO / CRCOE? And which ones are core vs speciality?
HR Leadership retirements - or something deeper?
Hard to tell what's really going on. Anyone in the know? I shouldn't be cynical about every Teamworks leadership announcement, but help me out here. Are these really retirements or pushouts or escapes or what?
Leadership issues!!!
You hardly hear from Charlie and Powell is MIA since the pandemic. I've yet to work for a good manager over there. I have no idea how they pass the interview and selection process. So called leaders are in it for themselves, performance plans are... — read more
California Home Mortgage Layoffs
Is there any truth to the layoffs that will be happening to the Wells Fargo Home Mortgage Remote Workers this month?
Nice $3+ Stock Drop!
Let's hope it rebounds before people with Restricted Rights want to cash in next week!
Managers, what is the displacement process for you like?
How far in advance are you told the date and who you must lay off? Who assigns the duty you? Your manager? HR? Do you get assigned some training? Are you given a script? When do you set the meeting for and how far in advance? Etc.?
CRCOE update contact info
Assuming the ask to update contact info and gave managers validate locations is a sign that location strategy is coming to ECR sometime in the near future
The layoff formula at Wells =
Zero merit increase + unusually low bonus + offensively high and greedy C-suite bonus = your layoff Congratulations!! It’s just a matter of days/weeks/months before your layoff!
Control Organization Core Locations
The Control core locations have been announced. Core: Phoenix San Antonio Dallas Charlotte Des Moines Minneapolis Specialty: St Louis Chicago Salt Lake City San Francisco Raleigh Philadelphia/Wilmington New York Boston
Merit or not to Merit
Does getting Merit give an automatic raise even if it is 1%?
“Team Announcement” Meeting?
Any idea what it’s about? The meeting at 11 EST?
OneDrive Migration Tips / Issues
Any tips / issues with those that have gone through the OneDrive migration? Thanks.
100% remote (even though commutable to non-core hub) and just promoted!
Two colleagues who are 100% remote (live within 20 min. of office; no medical accommodation, WFH just bc they want to and got special permission from SVB) and live in CA (not core hub location), just got PROMOTED within existing team. Pigs DO fly!... — read more
Can reorgs/job cuts for once be based on sensible long term goals?
When all our jobs become finely tuned and organized by being efficiently outsourced to the Moon and/or by the AI, which tactics will C-suits use to short-term spike the stocks? I mean, layoffs as an option will be gone, and methinks they lack... — read more
February 1st!
The day they award that sweet, sweet dividend money! What does it have to do with layoffs? not a darn thing, except that I was laid off and still reap the wf rewards.
WFA layoffs Tuesday
Wells Fargo Advisors time is coming on Tuesday for some support staff who have no idea it's coming. These are workerbees who are not in tune to things like this and will be blindsided. Of course, Sol G will still be shamelessly posting another... — read more