CSBB location strategy was announced last week. Remote workers without medical accommodations should start to Return to office. Didn’t see any time frame on when this should be executed by. My manager advised to just hang tight until I get a... — read more
Tech is such a mess
Literally the most important day of the year to have tech running and we can't even access workday? For Pete's sake. But don't worry guys, crack support teams are working on it! 😐
How many were laid off so far this year?
January is not even over and we know about several small rounds that took place already this year. And that's only the ones we know because people from those groups post here. Who knows how many happened that we don't even know about. This is going... — read more
SVP talk of RTO "solidarity"
During his recent AMA (Ask Me Anything), SVB said everyone near hub and w/o medical accommodation is reqd. to come in min. of 3 days per week. That's a lie. And he's the one who authorized special WFH arrangements for tech support staff. I know of... — read more
What you have to look forward to if laid off or leaving
I left Wells already, and am gainfully employed. I was interviewing for another job this week (that I wasn't all that enthusiastic about to begin with) and the interviewer mentioned how great of a company WF was and asked me why I left. First, I... — read more
Need New Blood - Middle Management Leadership
Most of the recent middle management changes within the LOB I am in are filled by people with 20, 25 or 30 years experience at Wells Fargo. This is literally rearranging the deck chairs on the Titanic after the ship strikes the iceberg. These... — read more
Things don’t get better
Been at Wells Fargo for almost 4 years now. Moved departments 10 months ago to a new department thinking that it would get better but my new boss is a super nice but has no idea what is going on and is a lost soul. She has no idea what her upper... — read more
Location Strategy, ADA, and Work from Home Accommodation
For anyone with insight... I work from home with a health accommodation. While I did not claim a disability, my health issue is an ADA protected condition (it's legitimate, not taking advantage of the situation here). I work about 20 miles from a... — read more
Cash award
1 time cash bonus for people making under 75k. That’s some bs! The rest of us get sc--wed. I don’t make much more than that and will get nothing.
PIP
I was put on PIP todays(rating 1). I was told my manager and he will be in a call next week. They mentioned it's a 90 day plan. I assume if I get terminated after 90 days, I won't get severance.? Will I lose all benefits the day I get... — read more
2024 Benefits Book is out
Sorry trolls, no significant changes to the severance plan. Guess you'll have to find something else to nag us with.
Layoffs today?
Does anyone know if there will be layoffs today?
Commercial Banking
How many let go due to Hranicky reorg?
3-day RTO- Relocation Hub Move - 4 Hours In-Office Expectation
3-day RTO - Relocation Hub Move - 4 Hours In-Office Expectation. With these adjustments, it's crucial to avoid burdening ourselves with extra tasks or participating in meetings as early as 6 am or as late as 9 pm. Prioritize maintaining a... — read more
2024 Salary rise and Bonus?
are any technology groups started announcing salary rise and bonus for 2024?
Audit haha
Paul keeps saying we are over staffed. Please explain why we are we forced to work 50 hours if we are over staffed. Our Senior Audit Manager said it will be this way at least through Q2. Talking to other audit teams they are all saying brace... — read more
Location strategy comms rollout cluster
The blowback from CSBB announcement made leadership revisit schedule for rollout of others. This is the reason for delayed comms. Scrambling due to poor planning. In short, a cluster. LOTS of whitewashing and deflection already going on in attempt... — read more
Prepare for disappointment
Bonuses will start to be discussed on Wednesday. Prepare yourselves to be underwhelmed. Bonus payouts are NOT in line with the past. Obviously, managers can calibrate things and lessen the impact on individual employees. But it's been reported on... — read more
Downsize the id--ts that came up with 'Well Life'
Goodness gracious, how did this marketing scheme ever get approved?! If the objective was to make us look like blathering id--ts, it was successful. Clearly there's some dead wood in marketing, branding, HR, and executive roles involved with this... — read more
Tech Location Strategy
Is anything changing under M. Brady or TK this year for location strategy or will their org continue what they were doing in 2023? It seems a lot of other orgs announcements are similar to what tech was already doing? Anyone know of changes?... — read more
Wells Fargo Fined $425K For Misreporting Trades, Finra Says
https://www.fa-mag.com/news/wells-fargo-fined--425k-for-misreporting-trades--finra-says-76192.html
CSBB Location Strategy Update
There was a new communication on 01/19 from Saul titled “brrr…” or something to the effect in Teamworks. It briefly touched on how “contact centers” and “fraud operations” will not be in scope for the CSBB location strategy, and instead will follow... — read more
Hiring does not replenish firing
Was listening to the media interviews and the spin on layoffs of domestic workforce. Just because the firm is hiring (guess freshman tellers only) does not compensate the years of experience and the paycheck cost it is intentionally getting rid off... — read more
Good luck
Days away from comp being released. Here’s to raiding whatever Pennie’s we can from this dump
Yet Another Obligatory Slam of Agile at WF
It hadn't occurred to me until now that concerns regarding WF's butchering of Agile Methodologies was too narrowly focused on the methods alone. Agile has become way more than a method(s). Its original usefulness in software development has been... — read more
RTO - “Going the way of the dodo”
This. https://amp.cnn.com/cnn/2024/01/22/opinions/remote-work-jobs-bergen/index.html
International locations get ready
New wave of layoffs for control function is coming. Canada/EMEA/APAC, buckle up!!! If you got 2 from your perf review, you better update your resume!
LOCATION & FUNCTION will be the primer reason for letting people go.
Location is what they are still looking at to make further cuts. If you are in a hub then your chances of getting moved to another department is higher than getting laid off unless they are outsourcing your work to India. However, there were couple... — read more
CFO - "Ya Know"
Is public speaking offered as a training option at WFC? Over under on the "umms and ya knows" Done nothing to make this place better.
No review scheduled yet
I haven't been in my current dept for years, so I'm not sure what the norm is. But with fewer than 2 weeks until the big 2/2 check, it seems weird that I haven't had my annual review scheduled yet. Why don't you ask your manager? Same reason most... — read more
TROUBLE BREWING IN STL
I cant speak for others but in my dept you are expected to work 10+ hours without compensation thanks to the mo--ns in charge These imbeciles in St. Louis create more and more stupid daily deliverables to feel relevance but absolutely have ruined the... — read more
CIB location strategy
Anyone have any info on this? I read here that csbb a d sim finalized it but at CIB I'm not getting any info. Appreciate all inputs in advance.
Petition for Scharf And His Team to Leave
Charlie Scharf has been head of Wells Fargo since 2019 and the following is still true- The asset cap remains Consent Decrees are still unfulfilled Wells Fargo is now the only bank with a union Wells Fargo stock is still abysmal And no... — read more
Union Pressure?
I have heard some chatter that branches seeking to unionize have been pressured not to do so. Just a reminder that interfering in union activity is illegal and whoever is pressuring branches, or tearing down signs or using intimidation tactics... — read more
401K
Anyone know what happens to your 401K match if you haven't completed the three year vesting requirement when you're laid off? In other words, will WF let you keep what they have matched after two years but prior to the three year vesting requirement?... — read more
Coffee Badging
Didn't realized there was a term for what many of us do. https://finance.yahoo.com/news/companies-want-employees-back-office-110000469.html
Retirement Eligible
I am 55 years old and over 10 years at the company. If I retire instead of resigning do I keep my RSR awards? I have landed another job but I am not starting until late March. I called ER and got passed around 4 times before being accidently... — read more
Location Strategy
If I'm within 30 miles of an approved speciality hub for my LOB (non core hub) but I'm still 100% remote, can I ask from my location to be switched from remote to the speciality hub to avoid layoffs? Also, why hasn't it switched from remote to the... — read more