Anyone know if former employees are bonus eligible while on severance? Said employee made it through the last day of eligibility as a WF employee in 2025. I have heard rumors that those impacted may get a prorated bonus; however, there is nothing in... — read more
Dress code
Is there no longer a dress code? Big fancy new building and all you see is people attire consisting of house shoes, active wear, T-shirts, and well sad to say either heading to club before or after shift. Just curios question. Debating on just... — read more
WF Revenue is less than half of JPM
And even behind Citi. Of the big 4, it's a junk bottom of the barrel stock. Literally. Charlie Scharf can't seem to grow the bank, so he's relentlessly cutting, because it's all he knows how to do. Helps explain the never ending layoffs.
Just got IM, is that mean fire or layoff?
first time IM. will be happy if have a severence package...
Perf Review on 23
My manager set my performance review for Jan 23. That Jan 23 is also the last date for performance review. Should I be worried.
Location Strategy
Apparently has been put on hold . I was initially informed that I would be released at the start of the second quarter. However, today I was informed that this decision has been reversed. While I am grateful to retain my position, I must admit that I... — read more
Wells Fargo misses profit estimates on severance costs, shares fall
Net interest income rose 4% but missed expectations. Wells Fargo forecasts $50 billion interest income for 2026, below average analyst estimate. Net income of $1.62 per share up from year ago, missed expectations. Bank recorded $612 million in... — read more
SPTO in quarterly increments?
In my time with the company, the SPTO bid has always been around November. We could request our scheduled time off for the whole 12 months of the upcoming New Year. We work in a site that is closing. They are only allowing us to schedule in... — read more
So are we all timing our job search for February?
I didn’t get anything the first week of January so I’m holding off on applying until the first week of Feb. Ideally I want to time it so I can resign the day the bonuses hit. I wonder if companies know this so are holding back on job listings until... — read more
Colocation strategy - team members should be in the same location
Seems to be happening
Things are not looking so good so only managers should receive bonuses this cycle.
Then we can pass the savings to severance packages.
Banks credit risk is so well managed then why is the organization so bloated?
There are so many directors, managers, sr leads. All just attending meetings and cruising?
What's the real reward for hard work now?
After seeing it happen to so many dedicated people around me, I'm really questioning the whole point. You watch colleagues who got top reviews and decent raises one year get let go the next. It makes you wonder if going above and beyond actually... — read more
It’s over
WFC is crashing. More layoffs in next 3 months.
2 weeks pay for every year of service
I had heard that displaced employees were to receive two weeks pay for each year of service with Wells Fargo. When do we receive this pay?
For those already displaced like me, how do we get our W2s to file tax returns?
Checked Workday and don't see an anything there. Do we wait for a snail mail copy?
Fudge….
There’s layoffs today
Strap up the boots
People make sure you document everything during conversations with managers. It’s obvious they are making it uncomfortable for all of us and they do not want to pay out severance. Annual reviews are taking place shortly and they need to dish out a... — read more
Cobra coverage
As a single person still working but looking to retire in the next year or two. Can I please get some feedback on what you’re paying for Cobra for 1 person Thank you
FINRA fines Wells Fargo Clearing Services $1.25M for violations involving muni securities
Wells Fargo Clearing Services agreed to pay a $1.25 million fine and accept a censure from the Financial Industry Regulatory Authority for failing to properly resolve 493 municipal securities trades across a seven-year stretch, according to a... — read more
wee...Big Layoffs Jan 20th
Some groups in risk and compliance are getting as much as a 20% axe. Isnt this fun? What could go wrong with a bank cutting risk functions? Lets bet it all on red! Trump, that is.
What are in-office requirements for CLT
So I left the company last year, but am now considering returning due to pay. But I want to know the exact in-office requirements I would be committing to. I left for remote but I want to consider if the pay raise to return is worth being hybrid.
When does the 401 contribution rate need to be adjusted ?
So Bonus is not included in the 401k
It’s over, credit card cap
More layoffs
10% credit card cap = more layoffs?
Will Charlie cater to Trump's wishes and make up for card LOB losses with increased layoffs if this cap went in? Maybe he's angling for the Fed chair job when all the juice has been squeezed out of this gig and be nice way to stand out.
Severance payout
How long to get lump sum? I sent weeks a. Go and have not heard back.
2025 H1b data released
In fiscal year 2025, Wells Fargo Bank filed 638 LCAs for H-1B visas, 177 labor petitions for green cards, and 230 requests for prevailing wage determination. https://www.myvisajobs.com/employer/wells-fargo-bank/
Hey Iselin!
It’s two hours in the focus rooms. Two hours you arrogant, inconsiderate, selfish workers. Yes there are a multitude of you who just think you own a focus room. Sorry you’re not that important because if you were you would be in Hudson Yards.
I'm glad I refused to relo
I left, and I was lucky to find a decent job. I can imagine the extra anxiety people who relocated have been going through. After the expensive move and all the other costs, including to your social life and consequences for family members, the very... — read more
DIFF NM, IM , NI
what is the difference - which is worst in ranking. NI. - needs improvement. IM - inconsistent meets. NM - not meets.
Getting Fired for IM
guys, it seems this thing is serious . I was going through Reddit and reviewing some past post from this forum. It seems when you get inconsistent meet IM , they can fire you and they don’t even need to initiate any PIP(improvement plan) I mean... — read more
Getting stuck for being too good at your job
One thing people don’t talk about enough is how being a top performer can actually trap you. Some managers don’t want to lose someone who makes them look good, so movement quietly stalls. That’s when you realize you’re on your own and have to speak... — read more
Who is left
The more you look, the more obvious it becomes that the only people who are still here are the ones who have not landed something else yet. Yet being the key word, since everybody seems to be looking. All those with options seem to be moving on fast. — read more
Could it be retaliation for taking Parental leave?
Has anyone seen or been in a similar situation before? What have you done? The situation: I got “meets” rating for mid-year review and was told: “you’re at the border of exceeds. Keep doing what you doing”. Started parental leave late August, came... — read more
Location strategy status 2026
What's the latest on location strategy? They forced hundreds of people to uproot their lives and move to a hub in 2025. Has anyone heard of anyone being let go after they moved? I'm still seeing many people shown as being in non hub locations in... — read more
Wholly Crab
First quarter - 10% cut in Technology.
Can 2025 Bonus and/or Pay Increase still change?
Talking to my manager earlier this week about my imminent promotion, he warned me bonuses and pay bumps this year aren't as good as he had hoped and to calibrate expectations. Then he commented something like "who knows though, the pool is still... — read more
I could have been the token IM on my team....
...but they sc--wed up!! They laid me off on 9/30. Not too bright...now they'll have to mark down one of their buddies due to the "curve" ranking. LOLOLOLOL! Oh the irony.....