Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Is a year end 2 or 1 rating the quiet firing?

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 

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 

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

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| 1420 views | | 7 replies (last January 29, 2024)
Post ID: @OP+1qLHICUH

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".

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| 1050 views | | 4 replies (last January 27, 2024)
Post ID: @OP+1qLYIPUd

CISO

No one wants the job.

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...

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 

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 

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| 1290 views | | 5 replies (last January 26, 2024)
Post ID: @OP+1qKoPZr8

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 

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?

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| 1640 views | | 6 replies (last January 26, 2024)
Post ID: @OP+1qKPqZJP

$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 

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| 1810 views | | 6 replies (last January 28, 2024)
Post ID: @OP+1qKP1s4Z

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.

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 

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| 1680 views | | 4 replies (last January 26, 2024)
Post ID: @OP+1qKUUxMm

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.

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| 2050 views | | 7 replies (last January 26, 2024)
Post ID: @OP+1qKbIiR2

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 

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| 1040 views | | 2 replies (last January 26, 2024)
Post ID: @OP+1qK2Glto

Bonus

If your rating was meets, what percentage was your bonus?

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?

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.

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| 1800 views | | 9 replies (last January 25, 2024)
Post ID: @OP+1qJuQ9hH

UX Layoff

Anybody know anything about the entire Ux team being let go overnight?

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| 2170 views | | 6 replies (last January 25, 2024)
Post ID: @OP+1qJDnwbZ

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?

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| 420 views | | no replies yet
Post ID: @OP+1qJK2vi9

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