Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

You Have to be Kidding Me

Cuts to staffing have gone too far. My US team is expected to do India 'clean-ups' everyday and then do our own work pushing code through the DevOps gauntlet. This means 10-12 hours day without compensation for extra hours. Of course extra hours... — read more 

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| 1480 views | | 5 replies (last January 30, 2025)
Post ID: @OP+1jjsabg07

There are too many cooks in the kitchen

It's impossible to get anything done when you have a near 1:1 ratio of managers to IC's on calls. They just end up wasting everyone's time and su-k the life out of productivity with their constant tangents.

Don't you dare speak up

Retaliation is starting to feel like the norm around here. Instead of fixing problems, speaking up just puts a target on your back. Not to mention, it’s frustrating to see how reporting problems to HR often leads to more trouble than solutions. No... — read more 

Voluntary severance

Would you take a voluntary severance if this was an option? I sure would.

Bruh

When will bonus and comp get the green light to be shared?

Hours in the office

Can managers track the actual hours of the day I’m in office, or just the total amount of time? If I worked 2pm - 9pm one day, would the reporting show me as signed in office for 7 hours, or specifically from 2-9pm?

Visa Crackdown

https://www.business-standard.com/amp/finance/personal-finance/trump-visa-crackdown-why-indian-students-with-part-time-jobs-are-afraid-125012700931_1.html

Titles over results

Wells Fargo is overflowing with managers flaunting inflated titles while contributing nothing of value. They’re everywhere, clinging to their roles and dragging everything down. Clearing them out could solve countless issues, but they’ve built a... — read more 

Displacement Notification

Some have written that they are going to be displaced in 2Q (assuming for non-core location strategy). Does this mean managers have already notified people?

Bonus

Hmmm Lead engineer 11% ...doesn't sound okay with Exceeds

Sole Survivor

So, after all the cuts it appears I'm the only American left on the team. Everyone else is Indian. All the new hires are India contractors or FTEs. Seems to be a pattern here... guess my days are numbered.

Specialty Markets are up for next year

So just heard that the plan for this year is to cut all non hubs as fast as possible so things are clear that next year specialty markets are up for cuts next year and by end of 2026 there will only be the hubs. All jobs that legal can move to india... — read more 

Charlotte Uptown or CIC

Given the choice to RTO to Charlotte uptown or CIC, which is the better option? Both have open seating but which is easiest to get to once inside the building? Are all areas open seating? No one from team is in the area so will be basically just want... — read more 

IM and bonus/raise

Got my first IM after being at Wells for so long. Life got the better of me last year. Any idea how much this affects bonus and raise?

Question about 401k contributions/bonus

I may have an opportunity to leave after bonuses are paid. Should I NOT contribute to my 401k percentage from the bonus, given that I may not be around to get the match? I assume I can take my own contributions with me if I leave; I just forfeit the... — read more 

Where are these amazing jobs everyone talks about?

I’ve been searching for something else for months, and nothing even comes close to my current job, especially when it comes to pay. Yet, every other day, I read about someone who was laid off or quit to find a job with higher pay, better benefits... — read more 

No location strategy exceptions after October?

I was told this by my boss last week. I'm taking it with a huge grain of salt since low-level managers never seem to know what is really going on. Has anyone else heard this? I haven't seen it mentioned elsewhere on this site. LOB is consumer... — read more 

145 Billions + We Got to Cull the Work Force

https://dailyhodl.com/2025/01/26/jpmorgan-citi-bank-of-america-goldman-sachs-wells-fargo-and-morgan-stanley-reap-145680000000-in-profit-in-one-year/amp/ Why the urgency to Cull? Because the company is owned or leveraged relentlessly by a few as a... — read more 

Wait, what???

Flashback: Charlie Scharf quotes upon accepting new job as CEO of Wells Fargo. “You can’t walk in, especially as an outsider, and say ‘Forget everything you’ve done, here’s the future.’ “ "I learned a long time ago that you’re far better off, if... — read more 

The after…

I was a 20 year high performer and got the call a few months ago. I quickly landed in a much better place where nobody is talking about RTO, location, hours tracking, or calibrating people to get to a quota of low performers. Bottom line: getting the... — read more 

WF bank settlement

https://ekmc.in/wells-fargo-bank-settlement-2025/

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| 750 views | | no replies yet
Post ID: @OP+1jjd5kaf4

More mandatory DEI training needed

Heard today that it may no longer be required. There is so much systemic discrimination and racism, I personally believe that much more training is needed and that it needs to be mandatory.

A note from a bottom performer

I was rated “does not meet” for all of 2022, 2023 and my mid-year review for 2024. Until something spectacular happened, I got a “inconsistently meets” for my end of year review for 2024. Wow! I’m doing great, guys! Keep ya heads up, low performers... — read more 

Jan 12 'SPOT Award'?

Anyone else in notice period receive a 'spot award' last night (1/23)? Have a feeling I am receiving this and will be sc--wed out of my proper bonus, even though I worked nearly the entire year.

Toxicity is becoming unbearable

The manager has completely lost control over our team, and I don’t think they even care. They allowed office politics and squabbles to reach unacceptable levels. We are still expected to meet targets, and we do - under a lot of pressure. We... — read more 

8 hours in office legal challenge

If you are exempt and are told you must be in the office 8 hours get ready to document everything. It is very easy to prove not all are held to the same standard. Also very easy to prove this will disproportionately effect certain groups. Also make... — read more 

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