Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Laid off

Informed just now in one on one meeting with my manager. Severance is one paycheck per year of service. My lob is technology.

Sad

We've completely normalized layoffs every other Tuesday. Nobody even blinks anymore. They sure conditioned us well, didn't they?

Caught sleeping in their cubicle.

Actually not caught. I just saw them. I felt bad and left them alone. I wonder what their commute looks like that they are literally falling asleep at their desk. Poor thing was snoring.

Current method of bonuses sc--w the worker

Before, bonuses were a % of base salary and based off of title. For example, someone in a particular role would get 15% of their base due to their title. Now, bonuses are calculated based off of last year's bonus, so essentially bonuses are staying... — read more 

severance benefits?

I know that if you don't take a lump sum you'll continue to get medical. vision, and life insurance benefits until your severance runs out. Can you also still contribute to WF 401k during that time?

GenAI connect, TKs latest accomplishment

TK what is it that you have accomplished to move WF ahead in the AI space? Ive launched a website that aggregates info on AI. Basically, a SharePoint. Exciting! Isn’t this like 101 stuff that gets done at the start of every program, not years... — read more 

Absolutely love this page and here’s why…

Corporate is going thru this big push to get everyone to not use their personal phones for work purposes unless you go thru the corporate VPN. While it’s true there is definitely a security component to this, with all the changes happening lately, I... — read more 

Tariffs on Indian export of services

Wells Fargo India is exporting services to the US. Let’s apply a tariff on those services to create a fair playing field for American workers.

This this the way….

….. The Wells Fargo Way The Wells Fargo way to alienate, and frustrate employees. It is the way to crush employee morale even more than the misery we continue to suffer through. The ultimate goal? WF wants you and others to leave on your own accord... — read more 

Mortified/Furious over Inconsistently Meets Rating

Infuriated/baffled that I received this ridiculous Inconsistently Meets rating, 15% cut to Bonus, and flat base salary, due to this rating. I understand this is the JP Morgan forced bell curve rating system which is not in full effect at Wells. I was... — read more 

Stop Air Pollution by Stopping RTO

Corporations should stop polluting the air by eliminating RTO. Everyday, tens of millions of workers drive between their home and office, including Charlie's limousines. The same thing with hundreds of business flights every day, including Charlie's... — read more 

Charlie got how much???

Anyone ever take the time to breakdown the rate of pay increase percentages over the years? Well, after seeing how big Charlie’s pay increase was in 2024 (is it going to be even higher in 2025?), I took the time to breakdown the numbers. Some years... — read more 

Good thing we exited Auto Finance.

Trump's tariffs will shut down American auto production. Bye, bye US auto industry. Don't believe it? Go read what the executive chairwoman of Canadian auto parts maker Linamar said. “If, indeed, 10 or 25 percent is imposed, or, in my opinion... — read more 

Bad Year End Review

Just informed that my group had a "curve" and I will be receiving a 1 or 2 on EOY review. Manager really didn't state ANY negative experience in my work ethic for 2024. Few small things here and there but nothing to drop my down from "Meets". Says... — read more 

Wells Fargo raised Charlie Scharf's pay to 31.2M

https://www.bankingdive.com/news/wells-fargo-raised-ceo-charlie-scharfs-pay-31-2-million-2024/738910/ So he receives a 285% bonus and returned $25 BILLION to shareholders. But I guess I should pledge my fealty for my 2% raise and 9% (cr-p) bonus. — read more 

Meets

IT 2% raise, 7% bonus Big fat slap in the face? Hope I get laid off soon

EO in Sioux Falls, SD

Was EO going to be offshored but P&I were making too many mistakes so they decided not to?

PTO Payout Check

I haven’t been laid off yet but I’ve been given informal notice of a date. My severance will start on June 10. Is the PTO payout combined with my first severance payout installment or a payment cut separately? I don’t have it displacement package... — read more 

Reorg Opportunity?

I’m getting reorged under a new manager to a position with much more responsibility. Managers, is there a way to turn this into an off cycle promotion or something? It looks an awful lot like more work for the same pay and job title.

401K match

I was laid off in September so I didn’t receive my 401K match. What if I am rehired within 6 months? Can I get it?

Internal/ external investigation

A co-worker of mine is working on getting a CFE as they want to move into the investigations area. Is this the right path for them. They’re convinced that it’s a requirement even though apps say it’s preferred. He’s says a bunch of people on LinkedIn... — read more 

No Merit due to Upcoming Layoff

So, I learned I will get no merit this year, though I'm grateful I still get my bonus. No merit as I'm being laid off this spring. Does that seem right? Aren't merits a "reward" for last years performance? I'm so tired of the amount of rugs that have... — read more 

I’m nearing 50

And I’m terrified of losing my job. A lot of my colleagues lost their jobs soon after they turned fifty, and the vast majority of them have been struggling ever since to find something else. Corporations are wasting so much human capital. At fifty... — read more 

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