Don't forget to turn your cameras on during meetings. Yes, it's like jingling a ring of keys in front of a toddler and making funny noises to keep their attention. But that's what our "leaders" need to feel secure in themselves, so... 🤷
Layoffs
https://www.oregonlive.com/business/2024/12/wells-fargo-announces-221-layoffs-in-salem.html?outputType=amp
I'm so tired of working all the time
At 47, I'm already burnt out, counting the years until retirement (too many years, by the way). I feel trapped, like I've invested too much of myself in this job to leave. Sometimes, I almost wish to be laid off just so the decision is made for me... — read more
My manager wrote us this
“As we enter the next chapter of our company’s exciting transformation journey, I just wanted to give you folks a friendly heads-up that layoffs may be on the horizon. so while I can’t predict who’ll be receiving the dreaded “we need to talk” email... — read more
Volunteer layoff
Tell your boss you would like to volunteer. Your boss can put you on the list.
Charlie steps down
When he step down?
CEO of United healthcare
The CEO of United healthcare was shot and ki-led. I hope it wasn’t a disgruntled employee that was laid off at the holidays. The poor family I hope all our people in New York are safe
Don't kid yourselves
Just because the ELT said it would keep operations in the city despite selling the San Francisco headquarters, it doesn't mean that the move will not come with major layoffs. In fact, I am willing to bet it will be used as a convenient excuse to get... — read more
Hub Consolidation
Does anyone know the latest on the location strategy? Specifically the downsizing in Winston Salem NC?
Employment lawyer recommendations
If you are fired this month, contact them. Termechi Employment Law Group
It's the most wonderful time of the year
$ The budget for 2025 is confirmed $ Year end review is wrapped (Many gets Inconsistent Meets and Need Improvement this year) $ Location strategy continues $ Layoffs continue $ Site closure $ Budget year-end events continue
Lots of buzz about the Federal Asset Cap being lifted in early 2025. Are shareholders being overly optimistic?
Why would anyone trust these goons? See misleading comments and conjecture over the past 6 years: Jan 2019 “CEO Tim Sloan expects the bank to operate under the asset cap through the end of the year.” March 2020 ‘Wells Fargo has asked the... — read more
RCSA Bonuses?
Did they get rid of the RCSA bonus this year?
Barnhart Location Strategy update
Told 4th Quarter 2025 formal layoff announcements
It's Complete
Per WSJ - Sf HQ being sold. Bye bye SF.
Location strategy update meeting
Salem Oregon call center for credit card customer service invited to a last minute location strategy update meeting. The invite went out this morning and we were told attendance is mandatory. It is in 15 minutes. It isn't a Tuesday after payday but... — read more
Business Update
What did they say at yours?
Hiring freeze?
Is there some sort of hiring freeze going on right now? The job board has nothing right now....
COO townhall
Scott is a POS 🚩🚩🚩
Layoff timeline question
Can a team post for a lower level job (P4) , and layoff someone at P5 around the same time? If there a time period they must wait before they can pay someone off after a new hire?
The new normal
Why are all the operation jobs in India? You barely see any execution or accountability roles in the states anymore.
Severance package reduction
Boss told us severance package payout is reduced from 2 weeks to 1 week per one year of service. Can someone confirm?
Site closure
How many site will be closed in 2025 on top of SL office?
Layoffs this month
Significant amount of folks will get laid off this month. Wellsfargo wants to save the bonus and 401k $. Sorry folks you are fired.
Do not let company dictate your worth to you
I learned that my stress over reviews went down dramatically when I stopped thinking the review was about me. It's not about me. The reviews are all made up now, and everyone needs to accept that reality. They are made up and have no bearing on your... — read more
It's the season of retiring CEOs
Stellantis CEO retired (or was pushed out) in the auto industry. Intel CEO retired (or was pushed out) in the tech industry. All in just a few days. Is anyone else feeling hopeful that Charlie could be the banking industry's next representative in... — read more
When's the last time WFC changed severance?
What are the chances of another reduction sometime soon?
CEO Assures Employees He is Doing Everything in His Power to Lay People Off
https://theonion.com/ceo-assures-employees-he-doing-everything-in-his-power-1842904330/
Sunday office
Does Sunday count as an in office day for the three day a week requirement? I asked my senior manager and they have no clue.
Upcoming reduction
Get ready for the “annual performance review,” carefully crafted by sickening management team to make you feel like you are on a reality show where the prize is getting fired.
Give Thanks
It is essential to acknowledge the continued existence of WF and its practices of nepotism. Employment decisions appear to be influenced more by personal connections than by individual performance. For instance, consider LI, which appointed an... — read more
So many folks are leaving for lower pay
Charlie has accomplished the impossible. He’s created such a toxic atmosphere, filled with constant fear of layoffs, that people aren’t even looking for higher or equal pay when they leave. They’re content with anything, even significantly lower pay... — read more
Why intentionally strive for mediocrity over excellence?
Was watching a video about a burger restaurant owner who takes pride in making the highest quality burger through taking control of every aspect that goes in to a burger. They grind fresh Wagyu beef, make their own bacon, bake their own buns, grow... — read more
Sitting them out this year
I have attended virtually all of our past "holiday" gatherings thrown by our department and our division. BUT, my last 3 reviews were lowered to "meets". A pretty big change from the past. I've decided to skip the upcoming MEET and greets (three... — read more
Lemons
I called it. TK posted about her lemon tree on LinkedIn. Did you get your thanksgiving lemon? I bet SVB got a bushel of lemons.
Where the he-l is the pulse survey result?
They are hiding again?
December 10 layoffs
This round is confirmed. The estimate number is 5% in Technology.
Please opine, leaving in Feb. and not planning on going in to office after new year
have heard rto reports are anywhere from 4 to 13 weeks. Not planning on going in starting 1/2. Leaving firm after bonus. Figuring by the time they “warn” me about non compliance it will be close to bonus time. Also figure first warning won’t... — read more
Prepare for major cuts
If the pattern of the past few years holds, we’re about to face major layoffs. Charlie doesn’t care about the holidays, all he cares about is the bottom line.
Happy Thanksgiving
Try to forget about work.