https://www.wsls.com/news/local/2024/01/03/wells-fargo-tower-closing-in-downtown-roanoke/

If your job can be done by somebody in a low-cost country, count on your job being sent to a low-cost country sooner or later. It might not happen right away, but it will happen. That's the end goal. We're all considered to be too expensive and... — read more 

All—if you can hurry and do so before market close today in 30 minutes, it’s a GREAT day to rebalance/diversify out of the WFC shares you got as your match. WFC is flat but major indexes are down—you might move it for now into the NASDAQ-tracking... — read more 

Is the February bonus amount determined yet? Can anyone share some info about it? I know it's 🥜 Thank y'all

I just found out recently about the Early Careers Program at Wells Fargo and that fresh-out-of-college hires for Wells Technology are being offered $105k with a $ 10k bonus sign-on. The previous analysts in this program are currently being matched to... — read more 

I understand the need to justify real estate to improve efficiency, and that drives location strategy in some circumstances. Makes sense. This approach feels a lot more like “we are still going to have most of all this real estate but are going to... — read more 

A layoff on 10/31 was discussed, but now we know that scope. 700+ of us were downsized/outsourced. Drip drip drip until we're all gone.

The layoffs will continue until the asset cap is lifted because layoffs are the only way for CS to improve the efficiency ratio and thus get bigger bonuses every year. He isn't ethical enough to get the asset cap lifted, so layoffs are his... — read more 

America's bank branch bloodbath laid bare: More than 1,500 banks were shut in 2023 - with Wells Fargo, PNC, US Bank and Bank of America closing the... — read more 

Another post mentioned that folks should be able to see their 401(k) match already in their accounts. I was hoping to see it on the 29th, but as of now it is still not visible for me. Is this an issue, or is this the case for others as well and I... — read more 

https://www.foxbusiness.com/lifestyle/career-trend-act-wage-disgruntled-workers-brings-job-warnings-experts Now, "act your wage" is the latest message many American workers are sending their bosses as a way to express their career concerns and... — read more 

The 2024 benefits book posted this morning. The rumors were wrong- severance has not changed and we still get two weeks per year of service.

Let's hope that this is the year when we all find better options and leave WFC behind, never to look back.

5th year employed by Wells. How much more to pay for family from current individual, in a PPO. Also, same question for dental and vision. Just curious. St Louis.

If you are exceeds and a Sr Engineer what can you expect? They hid all the job family stuff so can’t see anything anymore.

I’ve been WFH since beginning of 2021 and I’ve been told since I am over 2 hours from a hub that I am remote permanently. I’ve seen on here people talking about WFH being forced back to the office, but I haven’t been communicated anything regarding... — read more 

I work in IT for the company and my boss has told me he’s heard nothing in regards to the layoffs affecting us and he’s always been up front to our team if someone is being let go. We had contractors that were let go in favor of offshore, which my... — read more 

Moved from a Business Execution Associate to a Consultant in 2023. does anyone know if that means I will be more aligned to bonus what my team bonuses? Or would management still look at what I bonus’d last year as an associate? (Which for the record... — read more 

The world: Charlie: “I know! Let’s fire Americans and export their jobs and all that confidential data to a third-world country that’s allies with Russia. What could go wrong?!?” The world: “Maybe that’s not such a good…” Charlie: “We’ll budget... — read more 

Has anyone reported someone for this and had some proof? How does it usually end?

If the market makes a turn soon, do you think there will be Wells Fargo layoffs? Any chatter, news or rumors?

I' ve been with wells as a lead software engineer since last February and wondering if we get LTI or RSU.

Simple count from Teamworks today and comparing to 1/31/23 shows 35K. Granted, not all are employees, but a good chunk are. So another reduction in 2024 (which will probably be equal to the 35K gone in 2023), but this time we are taking a billion out... — read more 

Any idea what payday bonus payments will be?

So last year I was a bus execution consultant. Got about 7.5% bonus on a meets/meets. Was then promoted to sr bus execution consult. Which I think an increase in pay structure and hoping to see what others in that role got last year. And if there is... — read more 

Log into 401k Click Account Overview Scroll all the way down to Transaction History and you will see the 12/29 contribution. It is probably not captured in the overall balance which will update overnight. Happy New Years to all

I have worked at Wells Fargo for a number of years. My skills have receded as well as my hairline. My energy level is still strong but my mind is no longer sharp. Others can do my job. Ever since the "efficiency" statement from Charlie, I do... — read more 

Good news. We can dream that WFC follows suit: https://www.cnbc.com/2023/12/22/google-meta-other-tech-giants-cut-dei-programs-in-2023.html

The Dec. 20 withdrawal came as a surprise after workers at another Wells Fargo branch in Albuquerque, N.M. voted the same day to form a union, becoming the first-ever Wells Fargo workers to... — read more 

Investment change: Matching contribution will be in your investment selections and no longer solely in Wells Fargo ESOP Fund (unless that's what you've elected for you investment selection). Guess WF is not thrilled w/employees immediately selling... — read more 

So, all WF health administration for benefits is done in India? LOL, they don't even understand the questions that is being asked! Ask least the Filipinos get what's going on. The slippery slope has just gotten even more sh---y.

Were it not for UBS/Credit Suisse and WF's inaccurate figures, WF would have been #1. In 2024, WF definitely will be. https://www.ft.com/content/cbc6e15d-3c63-49af-9f98-ef8f478431bd

Labor market predictions for 2024 vary. Here is the hopeful one: According to the Robert Half study, only 1% of employers intend to eliminate positions in the first half of 2023, while another 2% will leave their headcount as-is. Another 39%... — read more 

The firm pays well, you work little. Good luck getting same pay elsewhere. You lack passion and should be replaced by someone cheaper and harder working in Bangalore.

Their S&P 500 forecast for 2023 was 4200. Guessing that is why our Financial Advisors know to follow other seasoned analysts and not listen to the castrated advice under the watered-down and “efficient” leadership of Darrel C.

How can Charlie sleep at night knowing that he robbed 12,000 employees and their families of their livelihoods in a single year? No other bank comes close to that in the number of laid off employees (at least no other U.S. bank). Can you even imagine... — read more 

Commercial employees, for the most part, are working from home this week. Starting next week, it is back in the office for 4 days each week.