Your engineering manager who is making 300k per year is firing you so that she can save the funding for herself
Technology toxicity
The situation is likely to deteriorate further. Many Technology old folks are unwilling to upskill, struggle to find opportunities outside of Wells Fargo, and often lack the necessary competence. As a result, they may continue engaging in office... — read more
Technology another 25% cut this year
25% cut in the US (Non Indianemployees) 20% headcount increase in I&P especially I.
Most of us won’t make it
The big ones are coming this month..
Employee counts - US, India, Phillipines
Wondering if anyone has recently checked employee counts? Feb 2019 US 253,200 IND 17,300 PHI 4,900 Oct 2024 US 175,600 IND 36,300 PHI >8,000
Who says we can’t cut 20% senior manager and director positions?
Convince us, otherwise cuts will be fast and furious.
RTO 8 hour mandate coming Sept 1
Got the word today based on notes from latest OC meeting. Chuck giving the firm through summer then the mandate kicks in for 8 hours 3x a week. Will be sold as you get a summer of flexibility for your kids but come fall, it’s time to be back 8 hours... — read more
Lump Sum?
Displaced in Feb. of this year. Found a job during my 60 days but negotiated start date to early April. Four weeks into the new gig. Will they pay me a lump sum for my remaining 9 months of severance? I have received one WF paycheck so far. ... — read more
Principal (P6?) Compensation
I'm interviewing for a Principal role in New York - it is a non-revenue role in Risk, base between 175-360 or so. Does anyone have any idea what I should expect in terms of base salary and bonus?
Manager put a meeting on my calendar for tomorrow morning
I'm at the WEC, my boss sent me an invite for a meeting to discuss the location strategy. I thought displacements were only on every other Tuesday?
What do you get access to in the initial two months after displacement?
I know that the first two months are as if you still work at Wells, just no access, but you get Teamworks at Home, right? Can you still do Pluralsight training?
Fear
All locations in North Carolina are fearing being laid off by a giant conglomerate like Wells Wellsfargo all people in North Carolina are fearing their jobs. All people in North Carolina are scared. They’re gonna lose their jobs. All people in North... — read more
401k Loan upon displacement
Is there some kind of penalty payment when you get displaced and they back out what you owe on your 401K loan? Or is there a waiver to that because you were displaced? If you leave for another job is it the same deal or no? I know I’m going to get... — read more
Low Key Volunteer for Displacement?
I know we aren’t technically supposed to volunteer to be displaced but has anyone had this type of conversation with their manager and then get laid off (outside of location strategy)? I feel like some managers may appreciate having one less... — read more
Critical Skills Flexible work arrangement?
I’ve been remote my entire time at Wells Fargo but keep being told I’ll potentially be impacted by location strategy. I noticed in work day I have a tab under Flexible Work Arrangements that states Critical Skills. What does this mean? — read more
On the edge? https://www.youtube.com/watch?v=sCSifxS5PRA We have trimmed our, ah, we had, we had, trimmed on the edges ....
We have trimmed our, ah, we had, we had, trimmed on the edges Running the company very conservatively going into this environment. We have trimmed our, ah, we had, we had, trimmed on the edges started to be very careful with our, our, be very... — read more
Relocation/layoff timeline
I just got a meeting invite I suspect is the long awaited Relocation offer. How long do you have after you decline relocation before you are laid off. Are you given notice right away or do they keep you hanging for one of the upcoming Infamous... — read more
Have you filed an HR case lately?
Have you noticed a pattern when you file an HR case? I've noticed the past 3 times that someone from India picks up the case and messages me some d-mb question to try and get out of the case. They try to find whatever out they can so they can close... — read more
I don't care anymore and it will probably cost me my job
I used to put in 110%, but lately, I just can’t find the energy to care. Between all the chaos and constant cuts, my motivation is completely gone. Now, even doing the bare minimum feels like pulling teeth. I know I need to snap out of it, especially... — read more
Accounts Resolution
Anyone know when AR will be hit again?
AGE DISCRIMINATION DISPLACEMENT LAWSUIT
For those of you that have been recently Displaced over the age of 50 —- GREAT NEWS! There is a new Class Action Lawsuit being filed. Internal documents have been leaked and turned over to a major law firm proving the cuts have targeted the those... — read more
Going from P4 to P3
I am burnt out at my P4 level and want a demotion, as it is affecting my health and my managers don't care. I was wondering if anyone would share their experience taking a demotion to a lower level. How does it work exactly? My current salary at the... — read more
STL Office
Anyone know the future of the St Louis office? They've consolidated buildings and there's barely any jobs posted....I assume that isn't good. Would appreciate any insight.
Enjoy RTO while many of us are on Cush severance
Will be thinking of all of you while I relax and do what I want , have a summer of love all! Don’t forget to be in 8 hours each day to collaborate with the h1b folks in office
Mid Year Review while on leave
My manager keeps threatening that for my mid year review, they are going to flag my mid-year review as “doesn’t meet expectations”. This happened after I disclosed that I would be out of office for medical leave for an extended period. Will they... — read more
Retirement status after getting laid off?
Yes, I know this is likely in the handbook somewhere -- maybe, a lot of stuff on this is not clear sometimes. But for you retirement age folks that got laid off, do you end up as being a retiree and able to use health insurance as a retiree after... — read more
Museum FINALLY gets some cut
Even though Wells shut down every museum location there are still 30 plus museum employees under Marketing umbrella that never has cuts finally cut 2 museum team members. All are located in SF sitting doing nothing getting 6 figure salaries plus... — read more
Last Day - Paycheck
I’m currently in my non-working notice period, and when I called the Displacement team they said my final paycheck (with PTO payout) would come a week early; on my last day with Wells Fargo instead of 1 week later on the regular pay cycle. (Last day... — read more
RTO Policy Breach
In short, I didn’t put more than 4 Hrs for all PTOs (some 1-2 hrs, others 4-8 hrs) in workday and get a notification of not meeting the requirements. I did have some illness and I told my manager ahead of time. If I marked back 4 hrs for these days I... — read more
Returning Wells Fargo Issued Equipment - after displacement
Have mercy on me, people. I know this question has been asked many times, but I am getting conflicting answers. I was displaced after 35 years. I received two empty boxes with packing materials and Fedex return labels. The displacement guide says to... — read more
60 days?
Does WF give people a 60 days “ heads up” to avoid sending a WARN notice ? I’ve never seen something like that at other firms
After notice - severance
Hi, if I find a new job after notice period, do I keep severance? The 200 pages hurt my head to shift through.... Thanks
See how this works?
Two former executive auditors (David Julian & Paul McLinko) were fined $8.5 million by the OCC under the previous administration for covering up the fake account scandal. The new political administration in its infinite wisdom reduced those fines to... — read more
Virginia in shambles
What the heck is going on in VA? Mass exodus in Richmond of senior bankers. Anybody left ? Seems that leadership has some explaining to do.
Why are we not hiring Young Americans instead of H1B for Engineering Roles
I know first hand a number of young college grads having a very hard time gettting their first jobs. Why is Charlie not developing America's young talent. I feel sad for this country. Americans built this company and then guys like Charlie stab... — read more
Des Moines, 4/30/2025
https://whoradio.iheart.com/content/2025-04-30-wells-fargo-announces-more-layoffs-in-west-des-moines/
h1b filings in 2024
https://h1bdata.info/index.php?em=wells+fargo&job=&city=&year=2024 why are these positions not open for US citizens when there is massive unemployment ?
Who is Vinay Thakar?
Bridget brought him to do what?