So we were told to RTO to: collaborate more in person support local businesses Yet, WF is offshoring every possible job. So, how are people in India and Phillipines achieving the goals above? (Guess U.S. workers need to move oversees to... — read more
Police activity in Charlotte?
Apparently there was some threat or something in some buildings in uptown Charlotte. They are saying no active or ongoing threat now, but does anyone know what happened?
Tali Bray out
Effective immediately
1/2 day PTO
Does a 1/2 day PTO count as a day in the office? Can’t get a straight answer from HR. Any managers care to elaborate once and for all?
CISO Out
Just got the news. Exit planes for February.
Mgrs getting incentives to terminate?
Know someone who works on severance pkgs and was told they are worried mgrs who terminate some staff in advance of pending severance already socialized will result in lawsuits. Saw earlier post on this site and wonder if that's what's going on... — read more
Wells Fargo employees at two branches mount unionization campaign
Link: https://www.reuters.com/business/finance/employees-two-wells-fargo-branches-plan-launch-unionization-efforts-wsj-2023-11-20/ Nov 20 (Reuters) - Wells Fargo (WFC.N) employees at two of the bank's branches filed for union elections on Monday... — read more
Why aren't more people angry about this?
I know most people on this board agree WFC is a mess under Charlie, but other people I work with don't care. How? How can you not care about constant layoffs? How can you not care about being kept in the dark about what's going on? How can you not... — read more
Thanksgivin'
This year for Thanksgivin', I want you to get fall-down D R U N K. You earned it! Wells is a tough place to work. One night of binge drinking isn't going to ki-l you. Think about how good it feels, and then just do it. Keep downing the devil's... — read more
Lack of ambition is a handicap, not a character flaw
Some people are born with ambition, and some aren't. Those that aren't born with it can't help it. So there will always be people that do more work than others, but that's the duty of the ambitious - to do more work. I don't know why Wells doesn't... — read more
Thankful I don't work at Wells Fargo
This week, I'm thankful I don't work at Wells Fargo or have to deal with the arrogance, stupidity and greed of their executives. What a suffocating environment, I worked in it for years. It's no wonder so many people want a severance package. You're... — read more
Thanksgiving Week cuts
Help a newbie out, please. How is Wells Fargo about cutting people a few days before Thanksgiving? Does it ever happen? There were too many cuts for the past few months and I'm hoping that the bank will give us something to be thankful for by sparing... — read more
Why is the “The Firm” embracing Offshoring US Jobs when it has proven to fail. Shortsighted leadership and wimpy BOD FAILS ALL
How much more talent will Wells Fargo lose with their bullying tactics, offshoring US Domestic jobs, while they lack efficient risk management & controls at the same time? How can a CEO talk about being more efficient when his strategy has been... — read more
Needs improvement
Well, mgr told me ahead of review that I'm getting inconsistently meets. Said needed to rate a couple higher (or would lose them; mgr's favorites) and needed to rate some lower as a result. Blamed bell curve, but she made the choice. Said didn't want... — read more
L4 bonus
I recently promoted to Lead engineer and wondering what percentage would commonly go to your bonus? What was the percentage before the removed the TVC
Compliance Dept
Now that the consent orders are clearing, odds the compliance department starts to shed some of those useless Bank of America compliance officers they hired 3-5 years ago?
Stateside engineers fixing instability issues
So they’re having to bring in the most senior of stateside engineers to focus on a swarm team to fix the stability issues and react to them ongoing. I appreciate the approach they’re taking to fix this. It never had to happen in the first place... — read more
Branch Closings
I’ve heard rumblings WF has plans to close a couple thousand branches to match BAC. There is an over saturation in multiple states were over the course of the last 15 years of consolidation of banks, there are 2 and 3 branches on every intersection... — read more
Equity Award for non layoff
I posted this within another thread, likely nobody would see it. Curious as to what I (air quotes) should be getting or what the historical trend was. I am a P3 senior bus consultant making just over 115k. Meets perf rating and meets risk overlay... — read more
Allspring Global Investment is TOXIC
Allspring is dead in the waters after becoming an independent company. From a $650billion AUM to a little over $400billion in a matter of 2 years. And $90billion of that belongs to Galliard. Company will not be around another 3-5 years. They have... — read more
Global Survey Results?
Anyone know what became of the global survey we took a few months back? Are they struggling with how to twist the results to where they sound positive?
Layoffs then re- hiring
Does anyone understand why companies (wells included) lay people off, and then 6 more the later re-hire people to fill those same positions ? Often times the quality of the replacements are inferior and are at the same level as the ones who got laid... — read more
When is EOY performance rating locked?
Has it happened already?
Displaced employees: Check your benefits elections before it's too late!
I made my benefits elections a few weeks ago, but I kept getting odd reminders about signing up (twice by mail). Yesterday I confirmed my elections, but today I went in and saw I'd been "unenrolled" (?) from medical. I'm glad I checked!
Regulators Say Wells Fargo Isn’t Doing Enough to Police Customer Crimes- WSJ
Sleep on this for a little… looks like C. Shafrt is still not being held accountable!!
HR Town Hall
Who listened to the call today. After several months BL finally acknowledged location strategy . What a joke in what she said that the company has addressed this with grace. Is she not aware of the GP call. What a f__king joke . After how many... — read more
Tali is gone
zz'd as of yesterday. Good luck!
Equity awards
Anyone know what level equity awards start to be granted? Recently moved here from another bank that gave them out to everyone and the docs here say a vague “executive” level.
VMWare Horizon Client
We've heard a lot about VDI and Wave (ultimately no laptops furnished by WF etc.), but I'm wondering what exactly the VMWare HorizonClient install does to our current work laptops. I realize we don't have a choice in whether to install (only have a... — read more
Is MS Teams logging conversations?
I recall, last year, seeing live dictation/captioning in Teams during a meeting and thinking how creepy it was. In Settings, there is a 'Captions and transcripts' section and the option is turned on by default to "Automaticaly identify me in... — read more
Vague layoff reports are useless
Please provide the affected group(s). “Tech was affected” isn’t good enough. Give us some verifiable evidence, or don’t bother. It’s not going to be traced back to you
Bonus pool funding?
Curious what other managers have received for bonus pool funding and what LOB you’re from.
The Risk leadership recognized once again as Best in Class
Just read the WSJ and Bloomberg headlines.
Cowardly leadership
Do you ever feel like the management is purposely leaving us in the dark regarding what's happening in the bank? I'm primarily talking about the various layoffs we only find out about here. It's like they think if nobody but the affected group knows... — read more
Abusive working relationship with EGS/India
Even India is short-staffed so US resources are starting to have to cover EGS hours because they don't have the mental skills to manage their own workload. This place is so mismanaged, it's an absolute wonder it isn't just falling to pieces. We're... — read more
COO town hall mess
What a bizarre sh*tshow from this morning. No agenda or presentation, just jumps right into a Q&A with Guy Smiley. He looked disheveled like he was given some o-y for that broken foot. And why was every answer proceeded with a laugh or joke. Can’t... — read more
Severance
If Wells Fargo offers me a job that I don't accept, will my severance be void?
Negotiable severance?
Has anyone tried negotiating their severance for additional time? Say if you received notice while already on an approved medical, parental, or disability leave and asked for your severance to start after that leave period?