If one was to get laid off towards the end of the year, can the bonus be negotiated into the severance package?

I haven’t been on this site for months and it’s done wonders for my mental health. I only came today because I heard about the truist layoffs which led me to the wells layoffs. Of course nobody knows which departments are subject to layoffs at... — read more 

I stole this embedded in another post: This company is circling the drain. Get out on your own terms and stop assuming you’ll get your severance when let go. Employees of Enron, Worldcom, etc received jack s#it when they went under. Grab a new job... — read more 

I would imagine Minneapolis, St. Louis, and Charlotte would be hubs, but what about Dallas, Salt Lake City, Sioux Falls , and (I could have sworn we had an office in Tampa)? Are those all non hub areas? I was applying anyways (and might have a better... — read more 

Does Wells Fargo Auto pay monthly bonuses to it’s collections agents? Or just the hourly? I recently got hired and I’d like to know.

I was under the impression that WF was exiting Portland (most recently made apparent through closing multiple sites Montgomery Park, Sunset, and soon Barnhart)? What is this job posting for exactly? And in a Lake Oswego office building? Since when... — read more 

The topic of RTO is pretty much beaten to death at this point but I wanted to confirm. I have seen the in office reporting dashboard. Included are a rolling 4 week average of days in, discrepancies between mac and reporting address, and now alerts... — read more 

Companies are realizing that if you can work remotely, your job can be done by someone offshore for 1/4 the cost. Say it louder for the people in the back. This is exactly it.

The entire executive team should be shown the door and replaced, time to make WF great again. Restore some respect and dignity for employees and it's brand.

More than 50 people on my tech time were displaced in April and there are almost no details of that group’s layoffs in this site. This site won’t tell you much. Our layoffs were in many of the core tech locations as well as in smaller markets. If... — read more 

Spend $30 Billion on a company stock buyback (which represents 20% of our Market cap - so that alone doesn’t add up) Pay out $Billions for advice from a corporate consulting company (Isn’t that what we’re paying Charlie & Co for??) Pay out... — read more 

From the firing pan into the fire. Feel bad for many of our former colleagues who left to go to Truist. They have much less tenure at Truist, too, and it's often "last in, first out" during... — read more 

https://www.charlotteobserver.com/news/business/article279281584.html

Mortgage processors are this week going through in-person training on the closing disclosure, as they will be taking over the responsibility of going over the final CD’s with borrowers. This duty was previously done by our closers, which makes sense... — read more 

Buybacks definitely starting. If they split 30 billion would equate to 7.5 billion a quarter. Which would be about 165 million shares a quarter. So it will take roughly 27 days if acquiring about 6 million shares a day as I believe they just started... — read more 

The banking industry is chock full of a-holes. I've worked in it almost 20 years, every pr--k I've met works in a bank. What is it about this industry that makes it so?

This site is daily and weekly entertainment for me. I don't even work at Wells anymore, thank god. But I occasionally peruse the posts on this site just to get a pulse on the mood there, it's not good! My experience at Wells was awful for the most... — read more 

Educate yourself and watch it if you haven’t already. He-l, watch it again. So many eerie similarities. It’s currently on Prime & Hulu.

How is it possible wells needs 230k people to run this bank?!?! And people are shocked that layoffs are sorely needed here JPM has a market cap of $450 bln vs ours of $170bln and yet we have more employees than they do I’m disappointed that... — read more 

Anyone else?

Check out other boards here, there are in-progress layoffs at: Truist, Bank of New York Mellon, Bank of America, Charless Schwab... Chase is doing good so far, no cuts there - Citi has a hiring freeze and it's just a matter of time when things will... — read more 

The trader is carelessly jamming the stock up (unless that is what the executives want…) It’s like competing with yourself at an auction. Simply another example of incompetence and hubris with Wells Fargo’s resources.

The bank has been trimming its workforce since the third quarter of 2020. It has already reduced its employee base by nearly 40,000 and cuts are likely to continue, Santomassimo said. Wells Fargo had 233,834 employees at the end of the June quarter... — read more 

Oh look! She's channeling SVB with the goofy glasses; but where's the coffee?

First comment is about DEI of course. Because that's the most important thing that's going on.

Our team is half the size it was just two years ago. Do they not realize that we do actually need people to get things done around here?

I trust Wells with responsible AI like I trust Mickey Mouse with a Wizard’s hat and a broom.

NEW YORK (Reuters) - Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. **The bank has been trimming its workforce since the third quarter of 2020. It has... — read more 

Cons: “Getting up in the morning to go to this disaster!, Systems, Management (Leadership), Culture, Physical work area, Deminishing pay Anything and everything associated with the name WELLS FARGO!” “The management is blind.” “The salary hike is... — read more 

https://i.ibb.co/H73nwpT/qwerty.png

There is a flag in the RTO reporting that will show if you are going to a non-assigned location more than 50% of the time... Be aware...

This survey is the result of a partnership between Axios and Harris Poll to gauge the reputation of the most visible brands in America, based on 20 years of Harris Poll research. *Wells ranks #88 out of 100. When filtered by the Financial Industry... — read more 

In April 2023, Wells Fargo was likely hit with new MRAs - https://seekingalpha.com/news/3956426-wells-fargo-reportedly-scheduled-to-meet-occ-staff-at-end-week The federal banking regulator was said to have hit Wells Fargo (WFC) with a number of... — read more 

https://www.cnbc.com/2023/09/12/why-rto-mandates-are-layoffs-in-disguise-according-to-workplace-experts.html

I got laid off from mortgage. Is going to work for the bank a good move? Was a processor now looking at a banker job for 20 k less pay. No other jobs in my market except bankers and tellers

His tenure at any company is 5 years or less. We are on year 4 and the regulatory sharks are circling. Daley leaving is the final nail in the coffin - hes out by end of year. "One of the latest leadership changes underway is the planned retirement... — read more 

https://www.ft.com/content/ccd0f68c-2543-4e02-bbbc-0101d04609e1

Been here for 4 years now and left a team that I thought was horrible (with lazy managers, no work etc) to an another team which is worst. The manager of my new team has almost checked out has been here for 20 years and has no motivation to do... — read more 

I quit a week ago and got my final paycheck. I had a negative PTO balance and was told it would be taken from my final pay but they didn't take anything. Super confused

Either buybacks for the quarter have started or preparing for earnings run. Usually doesn't start till about 2 weeks before. Earning release date is October 13th. About 4 million extra shares exchanged hands today which is about 165 million dollars... — read more