Manager 300K Scrum master 170K Product Owner 160K Principal Engineer 240K Lead Engineer 180K Software Engineer 140K Business Analyst 120K
Layoffs - May 13
Any word on which LOB is impacted next Tuesday?
Have a nice weekend
Enjoy your weekend and be ready for big layoffs next week. Good luck folks!
Bait and switch?
Has anyone took a P5 role as consultant/officer role that turned into a front line-ish production role that requires 100% perfect QA of work? The expectation difference of all levels is based on title and is not equal. The level of production... — read more
Severance and benefits. The obvious and not-so-obvious....
While on severance you get to keep your benefits. Obviously do things like get new eyeglasses... contacts lenses... get your annual physical... etc. But also be sure to go to the Rally, Optum and other health insurance sites to be sure you get any... — read more
Every layoff is a decision
When people use the word “displacement “ it makes it seem like it’s just something that happens just like the seasons change. Remember every layoff is a decision by the top. When a company makes billions and does stock buy backs and still lays off... — read more
300 S Brev CLT - Party in the Bathrooms
HelllllloooooOOOo Charlotte @ 300 S Brev! before heading out, decided to stop by the bathroom downstairs and a bunch of what seemed to be tech conference participants all gathered around a pile of snow getting warm before they head out to the slopes. — read more
CIB Markets
Been working in CIB markets in the COO team for 5 years now. It seems like nobody is certain on what is happening and everyone is fearing a lot of change given that Fern is the new boss in town. Does anyone have any insight into what is going on ?... — read more
Have you relocated by WF and then let go
Trying to decide if I should take the relo offer or severance. Have you or do you know anyone who relocated and were still let go?
Job here is a temporary affair
Five years in, and I still see it that way. We’ve been dealing with nonstop rolling layoffs for a long time, along with a range of tactics clearly aimed at getting people to leave, ideally with little or no cost for WF. Turnover is high, and the... — read more
Getting Excited About this upcoming Tuesday
Every other Tuesday i hope I get a golden ticket but just like winning the powerball it just does not happen. Holding out hope for this Tuesday. Bye, bye Wells.
No Loyalty needed.Treat it as a paycheck
They recently moved a friend of mine to Charlotte and then laid him off in 8 months. They are creating roles and cancelling it to probably project that Wells Fargo is hiring. They are focussed on flushing out old people and bringing in fresh hires... — read more
15% Ops Risk Cuts
DF Town Hall said Ops Risk will see 15% reductions in staff.
What is exactly is a ‘business execution consultant’
Anyone find it interesting that half these jobs appear to be completely useless and this job title is not used at any other company?
Survey
Time to be honest and fry our managers on the survey!
AI counting mouse clicks
Just a heads up they are counting mouse clicks in hopes of letting someone go instead of paying severance
SUPRISE (not really)…
Check your email. Charlie just shuttered the Diversity, Equity, and Inclusion office and rolled their functions into HR for a more “Traditional Operating Model.”
Working/Non-working notice
From what I read on here most of the notice is a Non-working notice. Does anyone know if there are groups doing a working notice period?
Internal Jobs Requirement
Does any one know what will happen when I apply an internal job if I’m in current team for less than one year? Will they process my application and Will my manager get notification
Another lawsuit
Wells Fargo Forced Short Sales Despite CARES Act, Suit Says https://www.law360.com/articles/2336933/wells-fargo-forced-short-sales-despite-cares-act-suit-says
Is it true a manager has no say in who is displaced?
My manager claims to have no knowledge or input in who was cut during ‘efficiency’ layoffs. Is this true or is it a cop out so they don’t look like the bad guy?
Rehire Eligibility
I was recently displaced. How is rehire eligibility determined. Does the manager who displaced you have any say? Thanks.
Years of service
How are the years of service calculated when it comes to the severance plan? For example, do you get the next year of service soon as a new year starts or do actually have to wait until your anniversary date for it to count as another year of... — read more
Anyone on a team mostly 55+?
Most of my team is 55+ and several 60+ and a lot of ‘lifers’. Would you say WF has an older employee base? I feel young being under 50 LOL
P5 am I way underpaid??
Currently at 150k and only 15% bonus….
The Stagecoach is leaving Chennai
Now that the damage is done . . . https://www.thehindubusinessline.com/money-and-banking/wells-fargo-looks-to-consolidate-its-india-presence-to-shut-chennai-office/article69547978.ece
A Question for Current and Former Contractors
I was displaced last year and still cannot find a fulltime parmanent position. I started thinking maybe I should apply for a contractor position. I have never worked as a contractor before, so I have a question for current and former contractors. Is... — read more
Displaced, can I invest without disclosing to wf?
I got displaced, does anyone know if we are allowed to invest during the notice period or should I wait until after? My sector was told we had to disclose everything to wells if we did invest prior to layoffs
Location Strategy - Notice Period duration?
For those who have been laid off due to location strategy, how long was your non-working "Notice Period"? The benefits guide doesn't clearly define the notice period. I've been at the bank only a few years and get the minimum of severance. They... — read more
Push your local politicians to bring back jobs from WFIP
60,000 service sector jobs coming back to America will be a signifiant boost to our economy. Especially for young Americans just starting out their careers. Lobby your politicians please before our service sector is hollowed out.
Why WF's Agile Transformation Failed: The Real Story
After analyzing dozens of posts on this site spanning 2023-2024, a clear pattern emerges about our "Wagile" disaster. Here's what actually happened: ## Leadership Failures Executives who couldn't explain agile basics pushed it hardest Middle... — read more
Office Politics
For those who have worked at multiple banks, are the office politics at Wells Fargo the worst of all the banks? Are any other banks worse?
Need help, please
I am a former employee who was displaced; sad, yes, but it’s ok. I have been extremely successful in securing new employment during my severance period. I need help determining what my actual last day is. I’ve been telling potential employers that... — read more
Anyone else drowning in useless meetings?
We spend more time talking about work in pointless check-ins than actually doing it. How leadership expects anything to get done when we're constantly pulled into status updates is beyond me. Just let us work.
Glide Program
Has anyone considered participating in the "Glide - Relaunch USA" program? https://www.wellsfargojobs.com/en/inclusion/return-to-work-programs/glide-relaunch-usa/ "At Wells Fargo, we are dedicated to creating a workplace where people feel welcomed... — read more
Does over 50 get an age differential with severance?
Wondering if those over 50 get an age diff in their severance package or just the basic
Did you know
Your engineering manager who is making 300k per year is firing you so that she can save the funding for herself