Be real. Wells Fargo made money in up years and bad years. It was due to the various lines of business they had. It was a highly conservative and well balanced business plan. Norwest Bank, and then Wells Fargo, was a premier place to work and to put... — read more
60,000 employees in India....
Think about that for a moment. This is a bank that grew up in the midwest USA. And, now, a lot of the back office work is being moved to India. Your private information, your accounts. Why is this allowed?
Severance is designed to silence you.....
Beware! The language in the severance plan is designed to silence you and whatever you have suffered under the WF new "management" style. Its all designed to cover up what they are doing and how they are doing it. Getting rid of long-term, loyal... — read more
Why do they even pretend this is all because of AI?
Cuts are about squeezing out extra profit, plus a hefty dose of offshoring. They’ll hand us some clunky AI tool we have to babysit like a toddler, and we’ll spend half our time double-checking hallucinations and bad outputs. Yet they’ll still expect... — read more
More layoffs at Wells next month
https://thefinancialbrand.com/news/banking-technology/ai-will-reduce-banks-headcount-get-over-it-193732
I’m completely exhausted
From this job, my team, my boss, and the constant fear of ending up jobless. It’s just bad news everywhere and this relentless anxiety that never lets up. I don’t know how the rest of you are dealing with it, but I feel like I’ve used up every... — read more
Happy Thanksgiving!
Hope you still have a job by end of year
Severance package being cut in half?
Has anyone heard anything about the severance package being cut in half next year?
I'm moving on from this place
I've handed in my notice because I found a new role. I know I got really, really lucky in this job market. It couldn't have come sooner, since I truly can't take the unhealthy atmosphere here any longer. I’m really going to miss working with a lot of... — read more
Move 401k to IRA
So yesterday was my day. When can I move my 401k to an IRA? Do I have to wait the 60 days non working time, or can I do it whenever? I already signed the displacement documents.
Pay & Inflation Question
Is your salary keeping up with inflation??? Mine definitely is not. when I look back and adjust for inflation, I realize I am makin less now than I did 15 years ago, even though my responsibilities and workload have gone up. Costs keep rising... — read more
The madness of it all.
So far, I've spent 2 hours going through my inbox. I've only gotten 1/3 of the non-filtered emails I received in the past three days cleared. Now I've got a teams call that will eat up 30–60 minutes, then I can get back to reading and deleting... — read more
Happy thanksgiving happy layoffs
It’s the time of the year again
10 AM EST - If no meeting invite - you are safe until 2 weeks
For those of you in East Coast who never got meeting invite this morning . - then you are safe until Tuesday Dec 9
2026 COBRA costs update
To update everyone on the 2026 COBRA costs, I just received the official document outlining costs so wanted to share. Appears costs are up about 15% from 2025 COBRA when averaging Medical/Dental/Vision. Looking about $900 monthly for single, $1637... — read more
What will my legacy be after displacement?
Will anybody remember me?
Fake job postings
What’s with job postings they put up real quick then take down a day later and say the job is canceled? Trying to sneak an H1-B past everyone?
Payout
How long does it take to get paid once you inform you want the lump sum?
Incentive and displacement
How will those of us that have been displaced (October) be remembered for incentive allocations that are happening now (finalized in January)? Will leaders just need to remember us that have been displaced or is there an organized process perhaps led... — read more
WFC - What’s really going on - EE’s exploited - layoffs and the non-stop employee abuses, loopholes exploited, h1b sys abuse
#WFC - Now that I have moved to a new company, I am happy to post this. I have never seen a more unprofessional, outdated operating model. The absolute truth is Wells Fargo Bank is a true cesspool from the top, down to the recycled mid-managers... — read more
Corp Risk Leader
They are not kind individuals. Simply observe the town hall meeting that SM conducted last week. She treated each of her reports as if they were children, or even more aptly, as though she were the almighty. Mocking every one as if she were... — read more
RTO Venting Thread
I guess we need it every once in a while. It so su-ks.
Bonus in June 2025
Does anybody know if we get to retain our bonus that doesn’t vest until June 2028 after we are displaced?
WHICH CARRIES MORE WEIGHT IN LAYOFFS - AGE OR SALARY
Which one is the most important factor in layoff, is it age or salary. Two guys with same work function - one is 60, the other is 25. The 60 year old guy earn less than 25 year old guy.
Central Supervision/Controls (St. Louis/WFA)
Hi, all, St. Louis WFA office still has a large Supervision and Controls presence. Anyone have any intel, insight, or forecasts on the future of this group in St. Louis?
ER leadership admit autonomy is what employees want
For holiday weeks Employee Relations lets their people choose to work from home. I'm not saying that there isn't anybody from ER in the office then, but its a tacit admission that they know that employees want the choice for themselves to go into the... — read more
Layoffs today
I thought it’s Thanksgiving week?????
In office time reporting
The in office reporting is officially out. For those that work 3 days in office and 2 days remote. Although the expectation is a full 8 hour day, the requirement for in office hours for reporting purposes is 7 hours. Anything below that you’ll get... — read more
Unemployment extension in CA?
Has anyone successfully had their unemployment benefits claim extended in Cali? My benefits run out soon and not much luck finding anything.
CIB vs WIM
I have only been with the bank for 5yrs and I don’t know anyone who has successfully moved from WIM to the CIB side. I was wondering if there was “wall” not to hire anyone from the WIM side. I tried several times and only got one interview. Most of... — read more
Layoff tomorrow?!
Do you think there will be layoffs tomorrow giving the holiday week?
Charlies cuts are hitting the wrong people
Charlie keeps trimming out the lower level folks who actually keep everything running. The people doing the real work are the first to go while the higher tiers stay untouched. Every restructure makes the front line weaker and more stressed. It is... — read more
What happens if one declines the severance....
is there a process, what about cobra etc? It seems that everything is geared towards folks taking the package.
Severance pay
End of 60 day notice/ beginning of Severance pay..is there a lapse in pay or Do the paychecks continue unless We opt for the lumpsum Amount?
Accommodations Team Gone
The Accommodations Management team has been laid off and the work will be outsourced to a vendor controlled by leadership's agenda - which largely focuses on not supporting those with disabilities and taking away accommodations. The upper leadership... — read more
Do volunteer hours count as in-office time?
Question in the title. I've got a three-hour volunteering event lined up, will be four hours counting the drive to the site. Unclear if this will be counted as an in-office day or if I need to go in another day to account for it.
ARE RATINGS FINALIZED
I understand the calibration and stuff. But are the ratings finalized, or is it going to be finalized end of January , close to bonus day.
What do we really know about activity tracking so far?
So many people have been discussing activity tracking (not badge in and out) but what exactly does it entail? Surely it can't just be how many emails you send or read or the time spent on apps? If I run a script or load a page and it takes, say, a... — read more
Getting laid off from WF is bad for your local businesses......
Getting laid off from WF is BAD for local businesses. Neighborhood liq-or store doesn't sell as much booze .... folks leaving WF=less drinking. Then there is the late-night munchies sessions that are cancelled. Less groceries being bought by the... — read more