I’m not super articulate so please pardon me - if you want to vote me down, fine - but I don’t know how best to express myself here. I wanted to share a snippet that has gone viral on this board. Now before a few years ago - we didn’t have forced... — read more
Scharf is a humble and self-sacrificing man
The Board offered him $30.3 Million for his 2023 performance, but he said he would only take $29 Million. So beautiful.
The CEO and BOD Inconvenient Truth (6 Billion could have been saved)
So, it took me 5 minutes to lay out a simple, transparent, and long-term strategy that would have hypothetically saved $6+ billion since 2019-2024. This topic is what the privileged 1% refuse to talk about. Who wouldn’t want a transparent... — read more
EFT Reorg announcement
Tomorrow Ken Meyer is going to announce a huge EFT reorg. This won’t be the end of it either as they haven’t even had their offsite to confirm details impacting most of the employees. What a joke
Well well, corporate America has done it again
The Board gave Chuck a huge raise, while the rest of you live in daily fear of whether you will be chain-sawed or have your job outsourced to India. What a truly sc-m-bag move, but it's been that way for years and its do as I say, not as I do... — read more
Tech Business Services Bonus
Lead. 4% merit, 13% bonus. Seems low. What does everyone else’s numbers look like?
Charlie’s comp
https://www.reuters.com/business/wells-fargo-raises-ceo-charles-scharfs-2023-pay-29-mln-2024-01-25/
Did anyone else get an 18% raise?
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-01-25-2024/card/wells-fargo-ceo-got-18-raise-last-year-to-29-million-cxkFjbJu2BOfqQ3333uD
ANYONE ELSE GET AN 18% RAISE?
Please post here and identify what department and geographic location. Shame on the Board for thinking 18% to Scharf is justified and stating "utmost confidence".
CISO
No one wants the job.
Charlotte > Des Moines
The debate has been settled. Corn land is no longer a hub. Good night
Location Strategy Conflict of interest with WF Mortgage
I'm a CSBB employee and location strategy is coming quick...There are roughly 37k non-customer facing employees in CSBB 3k are remote an I would estimate 10-15k of them are on the chopping block for forced relocation or severance as CSBB is spread... — read more
Paranoia- comp call tuesday morning
I thought I might get comp #s yesterday. Didn't get them today, but call call invite sent around 4pm today for Tuesday morning. Am going to get shafted or am I just paranoid....? 3rd year at Wells but 1st year w boss...
HR directive said Bonus can be same or slightly more than last year
So how the heck can you go from 10k to 20k? Seems like you're stuck
Allspring Global Investment Layoffs coming
Why bother when CEO is never around? Why bother when business is crashing? Why bother to hire when it’s only short term? Why bother to show up on Squawk Box? Why bother to expand when it’ll go under? Why bother to be fake? Why bother to pretend it’s... — read more
Meets but bonus less than last year?
Anybody else?
Vacation days at quit date
I know on teamworks they say accrued time off not used when you leave gets reimbursed to terminating employee. I plan on taking floaters and personal days before I quit. I am an exempt employee, do exempt also get refunded unused but accrued or... — read more
Rating system
Can someone explain the ratings system? I was under the assumption that it was Needs Improvement, Meets and Exceeds. I just heard there are two more, Inconsistently Meets and Consistently Exceeds? Is this true? I have searched teamworks and I... — read more
What is the difference between Business Accountability Specialist and BEC?
Are these jobs immune from layoffs because I see a lot of job postings for them.
RSR and lay offs
Any one know if people being laid off got RSR? If you get RSR does that mean you are on the layoff list?
$1000 cash payout
Surprised I didn’t see anyone already discussing Charlie’s announcement. Obviously an attempt to appease the disgruntled folks unionizing, but I’m not sure a one time payout will actually address the problems in the branches those folks are upset... — read more
Inconsistent Meet Bonus/Raise
So I got an inconsistent meet for mid year and year end based on a lighter workload then my other team members and received a 10% bonus with no raise this year. Can anyone speak to if I can apply for other roles with this rating? It's documented that... — read more
What the heck!?!?!?!
2% increase. Why bother. After years and years, and I mean a lot of years of service I get a 2% increase?!?!?!? I guess they figured we’d give them titles this year instead of a pay increase. Wow! Way to make me feel valued WF.
Wells Fargo’s $6.5 Million Settlement Gets OK in Wage, Hour Suit
Wells Fargo Bank NA‘s $6.5 million settlement of class action claims by the lender’s California employees won final approval in the Central District of California. The settlement, approved by Judge John A. Kronstadt of the US District Court for the... — read more
PIP document-dont agree with it.
There seems to be no substantiation to put me on PIP. Perhaps I could claim retaliation for age over 40 (Texas)? What happens if I don't sign it. Will I be terminated with no severance?
What the F am I doing?
I have so much experience, but I had to deal with my husband dying and dealing with his sickness of cancer for so many years and I’m finally getting back to realizing the world and where I am! Wells Fargo served me good for about 15 years I think... — read more
Risk Managers given lower titles than their direct reports
External officer titles have been updated today for risk-anybody else have directs given higher officer titles than yourself? How do you explain that?guess nobody cares about external titles but then why make a big deal about updating it and... — read more
Tech layoffs Yesterday
Group got hit with some tech layoffs yesterday. But we don’t want to talk about it so maybe you won’t notice when some of your team shows the Zz by their name! Guess they don’t care if the delivery date moves.
IT&V?
Can someone who works in non-tech IT&V functions give me an example of the type of task you have complete on a day-to-day? What is the process from end-to-end. How long does your test take l? Please d-mb it down for me. My site is closing in 2025... — read more
Bonus
If your rating was meets, what percentage was your bonus?
401k contribution. When can it be put back?
Had to set to zero to capture the bonus cash
BEC what did merit and bonus look like?
Salary transparency is a good thing! Who is willing to share? Merit 2.5% Bonus 13k
Thoughts on Des Moines?
Now that it's official that Des Moines isn't long for this world as a WF hub, what are everyone's thoughts? Good or bad for the company, and why?
Guy with the same name as me got zz'ed
Any chance some internal systems may have me inadvertently impacted?
Bonus for the displaced??
I understand that you're eligible if received the notice after 9/30. But does that mean you're actually getting one? My old manager has stopped responding to my emails since November.
UX Layoff
Anybody know anything about the entire Ux team being let go overnight?
Has comp been released yet?
Are the numbers out yet? If so, do tell! What is your LOB, merit %, and bonus.
Bonuses
With bonus info being given out starting today, what's the word on them? We were told ahead of time to expect them to be smaller. How much smaller are they?