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.
Millionaires only.
Check in here posting WF tenure
Wells Fargo Executives Plot Life After $36 Billion Punishment
https://finance.yahoo.com/news/wells-fargo-executives-plot-life-120000165.html
When do comp discussions have to be completed?
Still waiting on mine
Who is getting a golden ticket this week?
Hub or non hub?
How will you spend your bonus?
Me: Pay off yearly property tax - 10k Pay down loan on 2024 Toyota Highlander. :(
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
Humongous layoffs tomorrow??
We re fuxked!
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
Bi-weekly 1 on 1 moved up to tomorrow at 8am
Not a good sign on a Tuesday after payday
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
2025 Thread on RTO
Chime in, where are we at...
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
Unusual Trends: Ratings & Contractor Growth – What’s Behind It?
Noticing a trend of "inconsistent performance ratings" leading to increased hiring of contingent contractors. What’s Behind It? Manipulation a Factors? Let’s Discuss!
Stumpf: 8 Is Great Scharf: 8 Indians per 1 American is Great
This place su-ks and it su-ks hard. I've been here for lets say a while. The headcount every single year gets just a little d-mber. Mangers who don't even understand what they manage, meetings at 5am, the d-mbest man in the room talks to himself... — read more
Anyone receive a “T0tal Variable C0mpensation” TVC payment?
Anyone know what this is all about or why it would be given to someone who got a below meets on their annual review? Since they aren’t getting a raise, is this a small token of their appreciation so they don’t complain?
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
Jon Weiss Head of CIB to spend more time with his family
One of the last OG’s of Wells will be playing golf soon.
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?
If laid off in Q4 when and how do you find out your bonus
I was told if you are laid off in Q4, you are still eligible for bonus. Obviously many people are not in contact with their old managers (or their managers were laid off too). How and when do you find out if you got a bonus this year in this... — read more
Worth reading - Does America need more foreign tech workers? No
Does America benefit from the immigration of truly exceptional talents, the vaunted “best and brightest”? Yes, absolutely. But, really, how many Einsteins are... — read more
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
Who stole my bonus?
Was it you or Charlie ?
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