This seems to be dragging on forever.

Good luck on Tuesday and on 2/4, hopefully it’s a small layoff day. It would be nice to see everyone get a bonus and not be clipped on these next two cycles.

It appears we may be headed to the $90s and maybe beyond. How much of this bump in earnings is due to layoffs?

Any openings in CIB MS?

These folks will get fired.

Wells Fargo makes their money by taking advantage of clients. They know exactly what they are doing, hope they won’t get caught and will only change when it is brought to their attention by a regulatory authority. I don’t know how or why this bank... — read more 

We should let Trump know about how many American jobs were lost to offshore I&P. I doubt Trump would be optimistic about chainsaw. https://finance.yahoo.com/news/wells-fargo-ceo-says-trump-002519034.html

Yet another day where I'll only get 1/8 of the work done since I spend 7 of every 8 seconds waiting for Cloud PC to perform the action I told it to, if it even does it. The latency is so bad, half the commands are missed. I have made a bit of a game... — read more 

https://www.pymnts.com/earnings/2025/no-more-risky-business-as-wells-fargo-banks-on-compliance/

Technology LOB hits hard.

To all the survivors that made it another week in the toxicity.

Safest Banks in the U.S. 2025 In order to qualify for our ranking, a bank had to be included on the Financial Stability Board’s 2024 list of global systemically important banks (G-SIBs). This designation identifies those institutions across the world... — read more 

Considering moving to IT&V. What is it like these days?

Send a cold mail to C-level. It helps.

Roughly 10% or 20000 employees will be axed in next 6 months.

The latency is getting unreal. 20 seconds to delete an email. 5-20 seconds of delay scrolling in Service Now. It's getting difficult to be efficient and professional when the platform I'm supposed to work on is anything but.

What was all the hype about? Just to track participation rate more than anything else?

For those who’ve requested it, how long does it typically take to receive your lump sum severance payout after submitting the request? I know the form says it can take up to 60 days but I heard from an old peer who got theirs the following month. Is... — read more 

They exploit us all the time!

If you are going to rob budgets in order to fund 4 billion dollars in stock buybacks, then maybe at the very least you could compensate us with some of those shares. This is our livelihood you are messing with in order to enrich yourselves. How... — read more 

I was moved to a department as part of the workforce share program. I came from a position that didn’t offer a bonus, but since I worked in this new role for at least half of 2024, I was wondering if I might qualify for a bonus, even if it’s only... — read more 

How does folks getting exceed get more in bonus compared to meets or im or ni? Who balances the bonus pool? Can someone explain this in easy to follow language? What happens to the bonus pool if 10% left and weren’t refilled? What happens if 10%... — read more 

Let us try to draft some nice goals for CS- Cut headcount 20k(10%) by end of year Sell off non core commercial real estate Fund stock repurchases increasing by 20% Drive up credit card balances to historical highs stimulating economy Let AI replace... — read more 

Is this the worst idea for a function? Why have a bunch of incompetent id--ts with no knowledge of the business and or common sense. Just because they claim to have a risk or compliance background from BoA or JPM does not mean it is true perhaps... — read more 

F U WELLS

Shouldn’t most of the leaders in tech get IM? I mean TK loses her job and is replaced and saved by SVB but keeps her outrageous salary and is given another role that is way over her head….AI. She is artificial but has little intelligence.

No one knows everything and everyone can be wrong at least once, over the span of 365 daysr. It would be nice if your manager showed some humility, courage, and leadership by example by confessed to it at least once a year.

Can someone from the Control Management team confirm that their leader communicated expectations of 8 hours a day in the office (3 days) and they said it's being monitored by reporting? I'm not from Control Management but someone from CM told me in... — read more 

Anybody gots any deets on us poor souls in the Tower?

Can you ask your manager to displace you if you are currently not on a displacement list?

Q4 report 272,000 employees in 2019 217,500 employees in 2024 54,500 employees in 5 years Roughly 11,000 layoffs, retirement, attrition per year. ...and the bank is still inefficient. More to come.

Not bad, glad to see outlook for 2025 is lower severance although that just means lower than the billion they planned for this year. Keep that stock up until early next month when my RSUs vest

All the major banks are going through cuts, and honestly, I’m not seeing much of a difference between them when it comes to working conditions and career prospects. They all seem to be turning into virtual sweatshops, with high turnover rates... — read more 

heard rumors that layoffs are confirmed but uncertain on timing. anyone have details?

https://ca.finance.yahoo.com/news/us-bank-regulator-fines-three-191658331.html

I was laid off last month from a shithole office in San Francisco Bay Area. My life now is much happier. No more drama, toxic, Indians, and politics.

https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-capital-one-for-cheating-consumers-out-of-more-than-2-billion-in-interest-payments-on-savings-accounts/ We have also been offering incentives for customers to bring new dollars to us and... — read more 

Like last year, giving most hourly and lowpaid employees a $1,000 bonus. Managers have already been told.

My boss told me I will get exceeds but raise is only 4% and bonus is only 23%. Is it normal?